In the twelve months to April 15th 2014, Grupa LOTOS S.A. (Grupa LOTOS) entered into contracts with companies of the Total Group (based in Courbevoie, France), for an aggregate value of approximately PLN 787m, i.e. the value which meets the criteria of a significant agreement (more than 10% of the equity of Grupa LOTOS).
On December 31st 2013, Grupa LOTOS S.A. and Totsa Total Oil Trading SA concluded a fixed term contract for the supply of naphta to Totsa Total Oil Trading SA in the period from January 1st to December 31st 2014. This is the highest-value contract from among the above contracts signed with Totsa Total Oil Trading SA. The estimated value of the contract of December 31st 2013 is PLN 360m. 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.