Financial results forecast

On 1 April 2022, the Management Board decided not to publish the forecast of consolidated adjusted EBITDA for 2022 (CR No. 8/2022).

The Issuer’s Management Board made the above decision in view of external market factors beyond the Company’s control, related to high volatility and uncertainty of the fuel market situation caused by the ongoing armed conflict in Ukraine and the economic effects of the sanctions on Russia and Belarus imposed in connection with this event. In addition, the inability to estimate and publicise the 2022 forecast results from the difficult to predict impact of the planned acquisition of the Lotos Terminale assets on the Group’s results this year.