The Management Board of Grupa LOTOS S.A. hereby reports that in the last twelve months the value of sales between LOTOS Paliwa Sp. z o.o. (wholly owned by Grupa LOTOS S.A.) and Anwim S.A. of Warsaw amounted to PLN 616m. under the agreement concluded July 23rd 2007. The agreement was executed for unspecified period and concerns sale of liquid fuels to Anwim S.A. by LOTOS Paliwa Sp. z o.o.
The agreement provides for typical contractual penalties, value of which may exceed the equivalent of EUR 200 thousand and is subject to the volume of non-supplied product or uncollected orders.
The payment of contractual penalties does not exclude the right to pursue compensation claims in excess of the above mentioned penalties. Other terms and conditions of the agreement do not differ from the terms and conditions commonly applied in agreements of such type.
The agreement was considered significant as the sales value realized under the agreement in the last twelve months exceeded 10% of Grupa LOTOS S.A.’s equity.
The legal basis for the publication of this Current Report is Par. 5.1.3 of the Minister of Finance’s Regulation on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state, dated February 19th 2009.