Sale of Shares in Rafineria Nafty GLIMAR S.A. by Grupa LOTOS S.A.
Report no. 61/20082008-12-01

The Management Board of Grupa LOTOS S.A. hereby reports that on December 1st 2008 Grupa LOTOS S.A. concluded an agreement with Podkarpacki Holding Budowy Dróg DROGBUD Sp. z o.o. of Strzyżów concerning disposal of shares in Rafineria Nafty GLIMAR S.A. held by Grupa LOTOS S.A. Under the agreement, Grupa LOTOS S.A. sold 9,520,000 shares in Rafineria Nafty GLIMAR S.A. with a par value of PLN 10 per share, representing 91.54% of the company’s share capital. The transaction value was PLN 1 million. Grupa LOTOS S.A. held shares in Rafineria Nafty GLIMAR S.A. w upadłości (in bankrupcy) from February 3rd 2005. The bankrupcy proceedings instigated with respect to Rafineria Nafty GLIMAR S.A. after the company found itself unable to discharge its liabilities, were closed by virtue of a decision of the District Court of Nowy Sącz, Commercial Court Division V, dated March 11th 2008 (Current Report No. 18/2008 of March 21st 2008). As at the agreement execution date, the carrying value of the shares in Grupa LOTOS S.A.’s accounting books was PLN 0. The assets sold in the transaction are considered significant as they represent more than 20% of the share capital of Rafineria Nafty GLIMAR S.A. There are no links between Grupa LOTOS S.A. and its management or supervisory personnel and the purchaser of the assets. Legal basis for the publication of this report: Par. 5.1.1 of the Regulation of the Minister of Finance on Current and Periodic Information to be Published by Issuers of Securities, dated October 19th 2005.