The Management Board of Grupa LOTOS S.A. announces that in the twelve months to January 28th 2015, Grupa LOTOS S.A. entered into contracts with Petraco Group companies with an aggregate value of approximately PLN 688m, i.e. the value of a significant agreement (more than 10% of Grupa LOTOS S.A.’s equity).
On March 25th 2014, Grupa LOTOS S.A. and Petraco Oil Company Ltd. of Guernsey concluded a spot contract for the supply of crude oil to Grupa LOTOS S.A. (the highest-value contract from among the contracts with Petraco Oil Company Ltd.). Its value is estimated at PLN 232m.
The contract does not include any condition or date 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 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, as amended.