Grupa LOTOS S.A. Selects Allegro Energy Trading and Risk Management

  Grupa LOTOS S.A. Selects Allegro Energy Trading and Risk Management

Integrated Oil Company to Manage International Trading Operations with Allegro

Business Wire

DALLAS -- January 8, 2013

Allegro Development Corporation, a leading provider of energy trading and risk
management (ETRM) software, announced today that Grupa LOTOS S.A., parent
company of an vertically integrated oil company LOTOS Group with headquarters
based in Gdansk, Poland, selected the Allegro 8 platform to manage its
international crude oil and refined products trading operations.

Grupa LOTOS sought an integrated system to support growth of trading
organization operations and to support its integrated financial risk
management processes. Leveraging Allegro, Grupa LOTOS will have capability to:

  *Streamline trading processes including physical and financial positions;
  *Mitigate risk with comprehensive metrics, including market price exposure
  *Create dedicated reports for wide financial risk management purposes;
  *Efficiently manage the transport and storage of crude oil and refined
    products across vessel, rail, truck and pipeline; and
  *Manage complex transactions and pricing using a market data interface.

“Allegro differentiated itself with a highly flexible, integrated and
technically efficient solution that allows us to optimize existing, and
introduce new, business processes within commodity trading and financial risk
management,” said Łukasz Kwiatkowski, Grupa LOTOS Head of Financial Risk

“Using Allegro will allow Grupa LOTOS the freedom to expand and optimize their
business as new market opportunities emerge,” said Jonathan English, Allegro
Vice President, EMEA Sales. “We are pleased to be a part of this growth.”

About Allegro

Allegro is a global leader in energy trading & risk management solutions for
power and gas utilities, refiners, producers, traders, and commodity
consumers. With more than 28 years of deep industry expertise, Allegro’s
enterprise platform drives profitability and efficiency across front, middle,
and back offices, while managing the complex logistics associated with
physical commodities. Allegro provides customers with agile solutions to
manage risk across natural gas, power, coal, crude oil, petroleum products,
emissions, and other commodity markets, allowing decision makers to hedge and
execute with confidence. Headquartered in Dallas, Texas, Allegro has offices
in Calgary, Houston, London, Singapore, Sydney and Zurich, along with a global
network of partners.

For further information please contact Samantha Johnston at or +

About LOTOS Group

LOTOS Group includes – in addition to Grupa LOTOS S.A. (parent), LOTOS
Czechowice, LOTOS Jasło and LOTOS Petrobaltic (gas and oil exploration and
production) – more than a dozen subsidiaries trading under the LOTOS brand
name. After the first three quarters of 2012, LOTOS recorded revenue of almost
PLN 25bn (+19% y-o-y.). The net profit for the period was PLN 700m (+21%

As at the end of August 2012, LOTOS' share in the domestic fuel market was
34%. Through LOTOS Petrobaltic and LOTOS Norge, the Group is also present in
Poland, Lithuania and Norway, where it is engaged in crude oil exploration and
production. In 2011, LOTOS produced 230 thousand tonnes of crude oil. In
accordance with the strategy for 2011-2015, LOTOS plans to achieve annual
production of 1.2m tonnes of crude oil by 2015.

Communication Office, Grupa LOTOS S.A., ul. Elbląska 135, 80-718 Gdańsk,
Poland, tel. (+48) 58 308 87 31, (+48) 58 308 83 88, e-mail:


Allegro Development Corporation
Samantha Johnston, +1-214-237-8149
Grupa LOTOS S.A.
Communication Office, (+48) 58 308 87 31 / (+48) 58 308 83 88
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