The Management Board of Grupa LOTOS S.A. (Grupa LOTOS) reports that in the period from January 4th 2012 to October 1st 2012, Grupa LOTOS entered into contracts with BP Group companies for an aggregate value of approximately PLN 626m, i.e. the value of a significant agreement (more than 10% of the equity of Grupa LOTOS).
On March 28th 2012, Grupa LOTOS and BP Oil International Ltd. executed a contract for sale of diesel oil by Grupa LOTOS (the highest-value contract from among the contracts with BP Group companies). The estimated value of the contract is ca. PLN 72m.
The contract does not include any condition precedent or specify any date of events giving rise to a claim (dies a quo), it does not provide for any contractual penalties and its terms and conditions 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.