26. Share Capital

The structure of Grupa LOTOS S.A.’s share capital as at December 31st 2008 and December 31st 2007 was as follows:

  Number of shares Number of votes Par value of shares [PLN] % of share capital held
State Treasury 7,878,030 7,878,030 7,878,030 6.93%
Nafta Polska S.A. 59,025,000 59,025,000 59,025,000 51.91%
Other shareholders 46,796,970 46,796,970 46,796,970 41.16%
Total 113,700,000 113,700,000 113,700,000 100.00%

The share capital comprises 113,700,000 ordinary shares, fully paid-up, with a par value of PLN  1 per share. Each share confers the right to one vote at the General Shareholders Meeting and carries the right to dividend.