LOTOS: Positive assessment by Supervisory Board of Management Board’s dividend recommendation

Grupa LOTOS S.A. (the “Company”) announces that the Company’s Supervisory Board has positively assessed the Management Board’s proposal concerning distribution of the Company’s net profit for 2019, whereby:

1)      PLN 184,873,362, i.e. PLN 1 per share, is to be paid as dividend;
2)      PLN 649,432,676.97 is to be allocated to statutory reserve funds.

The Management Board’s proposal was announced by the Company in Current Report No. 10/2020 of May 6th 2020.

A final decision on the distribution of profit and payment of dividend will be made by the Annual General Meeting of the Company.

Legal basis: Article 17(1) of MAR – Inside information