On May 16th 2012, Grupa LOTOS S.A. (“Grupa LOTOS”) and LOTOS Kolej sp. z o.o. (“LOTOS Kolej”) (a wholly-owned subsidiary of Grupa LOTOS) executed an annex (“the Annex”) to the agreement for the provision of transport and other rail-freight related services, dated August 10th 2009 (for more information, see Current Report No. 34/2009 of August 11th 2009).
Under the Annex, the term of the agreement was extended until December 31st 2022.
The Annex also provides for an increase in the minimum annual volume of transport orders that Grupa LOTOS undertakes to place with LOTOS Kolej.
Other material provisions of the agreement remain unchanged.
The estimated value of the amended agreement during its term is approximately PLN 2.751bn and exceeds 10% of the equity of Grupa LOTOS, satisfying the criterion to classify the agreement as significant.
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.