The Management Board of Grupa LOTOS S.A. (the “Company”) announces that on March 19th 2018 it received information that the Company’s Supervisory Board, acting pursuant to Art. 368.4 of the Commercial Companies Code and Art. 13.2.1 and Art. 14.4 and 14.5 of the Company’s Articles of Association, removed Mr Marcin Adam Jastrzębski, President of the Management Board, from the Management Board of Grupa LOTOS S.A. of the 9th term of office.

In this connection, the Supervisory Board, acting pursuant to:

1)      Art. 368.4 of the Commercial Companies Code and Art. 13.2 of the Company’s Articles of Association, appointed Mr Mateusz Aleksander Bonca as acting President of the Management Board;

2)      Art. 368.1 of the Commercial Companies Code and Art.  13.2.2 of the Company’s Articles of Association, delegated Mr Piotr Ciach, Vice-President of the Company’s Supervisory Board,  to temporarily perform the duties of a member of the Company’s Management Board for up to three months.

The above resolutions take effect on March 19th 2018.  

Legal basis:  Par. 5.1.21 of the Minister of Finance’s Regulation on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state, dated February 19th 2009