The Management Board of Grupa LOTOS S.A. hereby reports that on January 2nd 2007 Grupa LOTOS S.A. and LOTOS Kolej Sp. z o.o. (wholly owned by Grupa LOTOS S.A.) signed an agreement whereby LOTOS Kolej Sp. z o.o. will provide comprehensive railway services to Grupa LOTOS S.A. The services include: - dispatch and receipt of railway shipments sent by or addressed to Grupa LOTOS S.A., - procurement of the required number of tank cars of appropriate type for Grupa LOTOS S.A.’s shipments, - technical servicing and maintenance of technical efficiency of railway assets owned by Grupa LOTOS S.A. The agreement was concluded for five years. It provides for standard contractual penalties, whose amount will depend on the extent of LOTOS Kolej’s delay in the performance of or failure to perform the services. The value of the agreement is estimated at approximately PLN 1,000,000 over the agreement term. The agreement is deemed significant, because its estimated value exceeds 10% of Grupa LOTOS S.A.’s equity.
Conclusion of a Significant Agreement between Grupa LOTOS S.A. and LOTOS Kolej Sp. z o.o.
Report no. 96/20052007-01-02