Currency risk

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Currency risk

– this risk is managed based on the Strategy of Currency Risk Management at Grupa LOTOS. The US dollar (USD) is the currency of the market on which we operate. Thus we have a structurally long position in US dollars. The US dollar was chosen as the most adequate currency for contracting and repaying long-term facilities, including those used to finance the 10+ Programme. The LOTOS Group operates a group bank, which allows the LOTOS Group companies to enter into FX transactions with Grupa LOTOS, improving the effectiveness of currency risk management.