Finalisation of Acquisition of Interests in the Exploration Licence PL455
Report no. 56/20082008-10-31

Further to current report No. 48/2008 of August 26th 2008, the Management Board of Grupa LOTOS S.A. reports that as all the conditions precedent have been fulfilled, on October 31st 2008 LOTOS Exploration and Production Norge AS (wholly-owned by Petrobaltic S.A., which in turn is controlled by Grupa LOTOS S.A. in 69%) acquired all the rights and obligations connected with the ownership of a 20% interest in exploration licence PL455, covering an area of 1365 square km located in the southern part of the Norwegian sector of the North Sea.

Basis for publication of this report: Art. 56.1.1 of the Act on Public Offering - inside information.