Minister of Treasury, Mr. Aleksander Grad, strengthens

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Minister of Treasury, Mr. Aleksander
Grad, strengthens the company
Grupa LOTOS S.A. in order to facilitate
the search for oil and gas sources
Today, the Minister of Treasury, Mr. Aleksander Grad, signed an
agreement providing for the sale of shares of Przedsiębiorstwo
Poszukiwań i Eksploatacji Złóż Ropy i Gazu „Petrobaltic” Spółka
Akcyjna seated in Gdańsk, LOTOS Czechowice Spółka Akcyjna
seated in Czechowice-Dziedzice and LOTOS Jasło Spółka Akcyjna
seated in Jasło to Grupa LOTOS S.A. in order to increase the share
capital in Grupa LOTOS S.A.
These measures are introduced within the framework of the “Government strategy for the
Polish oil industry" in order to put into practice the government’s intentions with respect to
Grupa LOTOS S.A. set out in the said document. In particular, the measures concern the
improvement in the financing of the Development Programme of the Lotos group, including,
above all, the search and mining of gas and oil, as well as influence the shaping of the
investment potential of Grupa LOTOS S.A.
On 26 June 2009, the Council of Ministers approved a motion of the Minister of Treasury for
authorisation to transfer Treasury shares in Przedsiębiorstwo Poszukiwań i Eksploatacji Złóż Ropy i
Gazu „Petrobaltic” Spółka Akcyjna seated in Gdańsk, LOTOS Czechowice Spółka Akcyjna seated in
Czechowice-Dziedzice, LOTOS Jasło Spółka Akcyjna seated in Jasło to Grupa LOTOS S.A. in order to
increase the share capital in Grupa LOTOS S.A.
On 30 June 2009, the General Meeting of Shareholders of Grupa LOTOS S.A. adopted a resolution
on the increase of the company’s share capital through the issuance of ordinary bearer shares
series C through private placement, excluding rights issue, to be purchased by the Treasury.
The General Meeting authorised the Management Board to approach the Treasury with an offer to
take up series C shares for a non-cash contribution in the form of Treasury shares of „Petrobaltic”
S.A., LOTOS Czechowice S.A. and LOTOS Jasło S.A. and to conclude, following the acceptance of
the offer by the Treasury, a share purchase agreement in accordance with the terms and
conditions specified in the said resolution. The Minister of Treasury accepted the offer extended by
Grupa LOTOS S.A. for taking up a stake of newly-issued 16,173,362 series C ordinary bearer shares
and signed a share purchase agreement on 9 July 2009.
Published by: Aleksandra Karpowicz
Last change: 09.07.2009 , 25.08.2009
Author: Public Relations Office
Aleksandra Karpowicz
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