Grupa LOTOS intends to continue the investment projects envisioned in the ‘Efficiency and Growth 2013-2015’ programme. The projects, which may be modified to take into account the challenging market conditions, will be financed with proceeds from last year's share offering. The programme will improve the Company's competitiveness and strengthen its position on the market, thereby benefiting the Grupa LOTOS shareholders and the entire Polish economy.

Seeking to achieve a reasonable rate of return on its investment and considering the difficult situation on the global oil market, LOTOS Petrobaltic has made a decision to modify its plans for upgrading the ‘Petrobaltic’ rig. At the same time the company would like to clearly state that other work on the development of the B8 field is progressing on schedule.

On February 3rd 2015, LOTOS published its estimates of selected factors with a material bearing on the Company’s consolidated performance in Q4 2014.

At the end of 2014 the LOTOS chain comprised 441 service stations, with the company planning to expand the network to some 470 outlets by the end of 2015.

The shareholders of Grupa LOTOS S.A. (“Grupa LOTOS”, the “Company”) will acquire all of the Company new issue shares offered on a pre-emptive basis. They submitted primary and additional subscription orders for the total of 109,222,917 shares, whose combined value approaches PLN 2bn. Thanks to the successful public offering, the Company has been able to raise its target gross proceeds of PLN 995.5m.

Friday, November 28th 2014, is the last day for accepting subscriptions for new shares of Grupa LOTOS S.A. (“Grupa LOTOS” or the “Company”) placed in the exercise of pre-emptive rights, and for accepting additional subscriptions.

The State Treasury intends to subscribe for all new Grupa LOTOS shares it is entitled to under the rights issue, and to maintain its existing percentage holding in the company. As announced on November 13th 2014, the Minister of State Treasury, acting on behalf of the State Treasury, will place (during the subscription period) a subscription order for all new Grupa LOTOS shares it is entitled to under its pre-emptive rights.

Grupa LOTOS S.A. (the “Company”, “Grupa LOTOS”) has published today, the prospectus prepared in connection with a rights issue by way of a public offering. Proceeds from the issue will be used to finance the project EFRA i.e. the construction of delayed coking unit with accompanying infrastructure and development of gas fields B4 / B6 on the Baltic Sea.

In Q3 2014, LOTOS generated revenue of close to PLN 7.55bn, up by approximately 5% on the previous quarter. Revenue for the period from January 1st to September 30th 2014 totalled in excess of PLN 21.9bn (up 4% year on year).

LOTOS Petrobaltic S.A. has signed a contract for the conversion of its drilling rig into a production unit. The consortium of the project's contractors consists of companies controlled by Polska Grupa Zbrojeniowa S.A. (Energomontaż – Północ Gdynia and Nauta Shiprepair Yard) and a domestically-owned shipyard, Crist.

LOTOS Group was included in the group of companies awarded in the “Best Annual Report” contest for the third consecutive time.

On October 15th 2014, the Minister of the State Treasury representing the State Treasury entered into an agreement with Grupa LOTOS S.A. for granting the support in the form of non-public aid of up to PLN 530m to finance the construction of a delayed coking unit (DCU) and auxiliary installations (EFRA Project). Under the Agreement, the State Treasury will subscribe for and acquire new issue shares of Grupa LOTOS by exercising its pre-emptive rights.