Execution of significant contracts between Grupa LOTOS S.A. and Petraco Group companies
Report no. 4/20162016-01-27

The Management Board of Grupa LOTOS S.A. announces that from January 29th 2015 to January 27th 2016 Grupa LOTOS S.A. entered into contracts with Petraco Group companies for an aggregate value of approximately PLN 759m, i.e. the value of a significant contract (more than 10% of the equity of Grupa LOTOS S.A.).

On July 17th 2015, Grupa LOTOS S.A. and Petraco Oil Company LLP of Lugano 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 Group companies). Its value is estimated at PLN 149m.

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.