The Management Board of Grupa LOTOS S.A. announces that in the period of 12 months ended May 19th 2015 Grupa LOTOS S.A. entered into contracts with ČEPRO of Prague, a.s. for an aggregate value of approximately PLN 697m, thus exceeding the significant contract value threshold (more than 10% of the equity of Grupa LOTOS S.A.).
On May 19th 2015, Grupa LOTOS S.A. and ČEPRO, a.s. concluded a contract for sale of diesel oil to ČEPRO, a.s. (the highest-value transaction from among the above contracts), with an estimated value of approximately PLN 372m (VAT exclusive).
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.