April 30th 2012. Grupa LOTOS and Mercuria Energy Trading SA executed a contract for the supply of crude oil to Grupa LOTOS. The contract was executed for a definite period (from May 1st 2012 to May 31st 2012). The aggregate value of the contract is approximately PLN 1,060m, i.e. the value of a significant agreement (more than 10% of the equity of Grupa LOTOS).
The contract does not contain 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.