Grupa LOTOS S.A. supervisory board considers company’s economic situation stable. LOTOS cash-flow is not endangered by any circumstances.      

Board members, in accepted during December 1st meeting statement, underlined furthermore that fruition of strategic investment project, which is Programme 10+, runs properly in line with the established schedule.   

The global markets current perturbations and risks related to them were taken into an account during  Programme 10+ planning process and are up-to-date analysed and monitored by Grupa LOTOS’ management board under direction of supervisory board.          

During December 1st  meeting LOTOS management board submitted supervisory board all current information concerning Unicredit CAIB recommendation and listed actions, which company taken in order to counteract such situations in future.

Grupa LOTOS is vertically integrated oil concern which main activity branches are crude oil production and refining as well as oil products distribution. The company provides market with such high quality goods as unleaded gasoline, diesel fuel, jet fuel and lubricants. Furthermore LOTOS owns leading position in motor oils, bitumens and paraffins trade in Poland. Grupa LOTOS holding group consists of Grupa LOTOS S.A. (parent company, manages Gdansk refinery), LOTOS Czechowice, LOTOS Jaslo, E&P company Petrobaltic, as well as 14 subsidiaries bearing LOTOS sign. In the end of September 2008 Grupa LOTOS employed 4864 people in its units located all over Poland. Since June 9th 2005 Grupa LOTOS S.A. is listed on Warsaw Stock Exchange.Gdansk refinery throughput capacity reaches 6 million tons of crude oil per year. Company’s wholesale fuel market share in Poland reached 24,3 p.c. for the first eight months of 2008. Grupa LOTOS sale exceeded 7,1 million tons of oil products in 2007, among which 4,6 million tons amounted fuels (gasoline, diesel fuel and light fuel oil). Grupa LOTOS consolidated sales revenues for the three quarters of 2008 exceeded EUR 3,6 billions. Consolidated net profit in the abovementioned period reached almost EUR 140 million.According to up-dated corporate strategy, published on June 2008 Grupa LOTOS plans till 2012 to expand Gdansk refinery throughput capacity to 10,5 million tons of crude oil annually. Achieve direct access to foreign oil fields as well as increase its share in the Polish wholesale fuel market to 30 p.c.

Marcin Zachowicz, Spokesman, Grupa LOTOS S.A., ul. Elbląska 135,
80-718 Gdansk, Poland tel.+48 58 308 75 70, +48 505 050 454, e-mail: marcin.zachowicz@grupalotos.pl