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Report no. 8/2022

Management Board recommendation regarding net profit sharing and non-payment of dividend for 2021

Grupa LOTOS S.A. (the “Company”) announces that on May 11th 2022 the Management Board of Grupa LOTOS S.A. passed a resolution to recommend to the Company’s Annual General Meeting that the net profit disclosed in the Company’s separate financial statements for 2021 of PLN 2,519,835,199.42 be fully allocated to the Company’s reserve funds in order to secure the Company’s financial liquidity.
Report no. 1/2022

Implementation of remedies resulting from the conditional approval by the European Commission of PKN ORLEN S.A.’s acquisition of control of Grupa LOTOS S.A., conclusion of a preliminary share purchase agreement for 100% of shares in LOTOS Paliwa sp. z o.o., and delayed disclosure of inside information on the conclusion of a preliminary share purchase agreement for 30% of shares in LOTOS Asfalt sp. z o.o. and a preliminary agreement for sale of a spun-off organised part of enterprise comprising fuel wholesale business

Further to Current Reports No. 21/2020, No. 10/2021, No. 40/2021 and No. 41/2021, Grupa LOTOS S.A. (the “Company”) announces completion of the work on the implementation of the remedies defined in the decision of the European Commission (the “Commission”), dated July 14th 2020, to conditionally approve the intended concentration involving acquisition of control of the Company by Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), issued pursuant to Article 8(2), second subparagraph, of Council Regulation (EC) No 139/2004 of January 20th 2004 on the control of concentrations between undertakings (the Merger Regulation) (OJ L 24, p. 1) (the “Remedies”).