The Management Board of Grupa LOTOS S.A. hereby reports that on March 13th 2009 has received back the signed by both parties agreement, which was concluded on December 10th 2008 between Grupa LOTOS S.A. and Neste Oil (Suisse) SA of Vernier, Switzerland. The above agreement is concerning purchase of liquid fuels by Grupa LOTOS S.A. from Neste Oil (Suisse) SA.
The agreement was executed for a specified period from January 1st 2009 to December 31st 2009 and its estimated value is approximately PLN 624 mln.
The agreement does not contain provisions referring to contractual penalties, the parties may seek compensation for the damages in full before London High Courts, according to the English law which is the governing law for the agreement.
Other terms and conditions of the agreement do not differ from the terms and conditions commonly applied in agreements of this type.
The agreement is considered significant as its estimated value exceeds 10% of Grupa LOTOS S.A.’s equity.
The legal basis for this publication is Paragraph 5.1.3 of the Minister of Finance’s Regulation on current and periodic information to be published by issuers of securities, dated 19 September 2005.