In the twelve months to September 3rd 2014, Grupa LOTOS S.A. entered into contracts with Statoil ASA of Stavanger with an aggregate value of approximately PLN 753m, i.e. the value of a significant agreement (more than 10% of Grupa LOTOS S.A.'s equity).
On April 15th 2014, Grupa LOTOS S.A. and Statoil ASA concluded a contract for sale of diesel oil to Statoil ASA (the highest-value transaction from among the above contracts), with an estimated value of approximately PLN 75m.
The contract does not include any condition or date precedent or 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.