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Appointment of qualified auditor of financial statements of Grupa LOTOS S.A.
Report no. 37/20122012-10-31

The Management Board of Grupa LOTOS S.A. reports that, pursuant to a resolution adopted by the Supervisory Board of Grupa LOTOS S.A. on October 31st 2012, Ernst & Young Audit Sp. z o.o., with registered office at Rondo ONZ 1, 00-124 Warsaw, entered in the register of entities qualified to audit financial statements maintained by the National Board of Chartered Auditors under entry No. 130, was appointed auditor of the Company’s financial statements for 2012-2015.

The Supervisory Board of Grupa LOTOS S.A., acting in accordance with the applicable regulations and professional standards, appointed Ernst & Young Audit sp. z o.o. as auditor pursuant to Par. 13.2.4 of the Company's Articles of Association, and Par. 2.1.4 of the Rules of Procedure of the Supervisory Board.

The agreement with the qualified auditor will be concluded for a period of three years and will provide for the following scope of work:
- audit of the financial statements of Grupa LOTOS S.A. for the years 2013, 2014, and 2015, prepared in accordance with the International Financial Reporting Standards;
- audit of the consolidated financial statements of the LOTOS Group for the years 2013, 2014, and 2015, prepared in accordance with the International Financial Reporting Standards;
- review of the semi-annual financial statements of Grupa LOTOS S.A. for H1 2013, H1 2014, and H1 2015, prepared in accordance with the International Financial Reporting Standards;
- review of the semi-annual consolidated financial statements of the LOTOS Group for H1 2013, H1 2014, and H1 2015, prepared in accordance with the International Financial Reporting Standards.

Ernst & Young Audit Sp. z o.o. has audited the financial statements of Grupa LOTOS S.A. for the years 2010-2012.

Legal basis for the publication of this current report: Par. 5.1.19 of Regulation of the Minister of Finance concerning current and periodic information to be published by issuers of securities and the conditions for recognition as equivalent of the information whose disclosure is required under the laws of a non-member state, dated February 19th 2009.