Execution of crude supply contract between Grupa LOTOS S.A. and Mercuria Energy Trading SA
Report no. 13/20122012-04-03

On April 2nd 2012, Grupa LOTOS and Mercuria Energy Trading SA executed two contracts for the supply of crude oil to Grupa LOTOS. The contracts were executed for a definite period (from April 2nd 2012 to April 30th 2012). The aggregate value of the contracts is approximately PLN 811m, i.e. the value of a significant agreement (more than 10% of the equity of Grupa LOTOS).

The estimated value of the larger of these contracts is PLN 541m.
The contract does not include any condition precedent or specify any date of events giving rise to a claim (dies a quo), nor does it provide for any contractual penalties. The other terms and conditions of the contract do not differ from the terms and conditions commonly applied in agreements of such type.

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.