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Transactions with a value exceeding 5% of a public company’s total assets

No.

Name of related party 

Nature of link with Grupa LOTOS S.A.

Transaction date

Value (PLNm)

Description and rationale

 

 

 

 

 

 

 

 

 

 

 

 

 
* Material transaction
1) transaction executed between Grupa LOTOS S.A. and a related party with a value exceeding 5% of Grupa LOTOS S.A.’s total assets, within the meaning of the Polish Accounting Act of September 29th 1994
(Dz. U. of 2019, item 351, as amended), determined based on its most recent approved financial statements;
2) transaction executed between a subsidiary and a related party with a value exceeding 5% of the subsidiary’s total assets, within the meaning of the Polish Accounting Act of September 29th 1994 (Dz. U. of 2019, item 351, as amended), determined based on its most recent approved financial statements.
** The obligation to publicly disclose information on a material related-party transaction does not apply to: 
1) material transactions executed between Grupa LOTOS S.A. and a subsidiary in which Grupa LOTOS S.A. is the sole shareholder,
2) material transactions executed on arm’s length terms in the ordinary course of business,
3) material transactions related to payment of remuneration to Management or Supervisory Board Members, in accordance with the Remuneration Policy.