Further to Current Report No. 17/2009 of April 30th 2009, the Management Board of Grupa LOTOS S.A. reports that today it was informed of a decision, issued on July 23rd 2009 by the District Court for Kraków - Śródmieście, VIII Commercial Division for Bankruptcy and Recovery Proceedings, on the declaration of bankruptcy (involving liquidation of the bankruptcy estate) of Krak Gaz Sp. z o.o. (a company wholly owned by LOTOS Gaz S.A., which in turn is a wholly-owned subsidiary of Grupa LOTOS S.A.).
The decision is effective and enforceable under Art. 51.2 of the Bankruptcy and Recovery Act. The Court will append the finality formula to the decision seven days after its delivery to Krak Gaz Sp. z o.o., i.e. on July 30th 2009, provided that the Company does not appeal against the decision.
By virtue of the decision, the Court appointed Mr Janusz Płoch, Judge of the District Court for Kraków - Śródmieście, as the judge-commissioner, and Ms Katarzyna Olejniczak – as the official receiver-in-bankruptcy.
The legal basis for the publication of this report is Par. 5.1.24 of the Regulation of the Minister of Finance concerning current and periodic information to be published by issuers of securities and the conditions for recognition as equivalent of the information.