The Management Board of Grupa LOTOS reports that in the period from December 31st 2012 (the date of publication of Current Report No. 46/2012) to September 25th 2013, Grupa LOTOS entered into contracts with Shell Trading International Limited of London with an aggregate value of approximately PLN 714m (more than 10% of Grupa LOTOS S.A.'s equity), thus meeting the value of a significant agreement.
On July 10th 2013, Grupa LOTOS and Shell International Trading Limited executed a contract for purchase of crude oil from Shell Trading International Limited. This was the highest value contract of those mentioned above, with an estimated value of PLN 260m.
The contract does not include any condition precedent, nor does it specify the date of any events giving rise to claims (dies a quo), nor does it provide for any contractual penalties. Its terms and conditions do not differ from the terms and conditions commonly applied in contracts of this 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, as amended.