Notification of UOKiK's decision concerning 'Polimery Police' project

Report no. 2/2020 2020-01-22 • 17:30

Further to Current Reports No. 9/2019 of April 26th 2019, No. 35/2019 of October 31st 2019, No. 38/2019 of November 22nd 2019, No. 39/2019 of December 6th 2019 and No. 41/2019 of December 13th 2019, Grupa LOTOS S.A. (the 'Company') announces that on January 22nd 2020 it was notified of a decision issued by the President of the Polish Office of Competition and Consumer Protection (UOKiK) clearing the proposed concentration whereby Grupa Azoty S.A., Hyundai Engineering Co., Ltd., Korea Overseas Infrastructure & Urban Development Corporation and the Company are to establish a joint venture operating under the name of Grupa Azoty Polyolefins S.A.

The clearance satisfies one of the conditions precedent under the MoU forming the initial term-sheet with respect to Grupa LOTOS S.A.'s equity investment in and provision of debt financing for the 'Polimery Police' project (see Current Report No. 41/2019 of December 13th 2019).

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

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Grupa LOTOS SA published this content on 22 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 January 2020 21:58:03 UTC