In the period from December 31st 2013 to April 10th 2014, Grupa LOTOS S.A. (Grupa LOTOS) entered into contracts with Shell Group companies for an aggregate value of approximately PLN 794m, i.e. the value which meets the criteria of significant agreement (more than 10% of the equity of Grupa LOTOS).
The highest-value transaction from among those referred to above is the contract of February 12th 2014 for sale of diesel oil by Grupa LOTOS to SHELL Trading International Limited, with a value estimated at approximately PLN 94m. 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 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.