The Management Board of Grupa LOTOS S.A. (the “Company”) announces that in the Directors’ Report on the operations of Grupa LOTOS S.A. and the LOTOS Group in 2018 (the “Report”), forming part of the consolidated annual report for 2018 and the separate annual report for 2018, issued on March 12th 2019, there is an error relating to the number of independent members of the Company’s Audit Committee.

On page 170 of the Report, the last paragraph of Section 10.3.1 (“Supervisory Board”), where it concerns the Audit Committee operating within the Company’s Supervisory Board, reads as follows: “According to the representations received by the Company, the following persons meet the independence criteria: Dariusz Figura, Adam Lewandowski”. Instead, it should read: “According to the representations received by the Company, the following persons meet the independence criteria: Dariusz Figura, Adam Lewandowski and Mariusz Golecki”. Accordingly, the composition of the Audit Committee referred to in the Report was in compliance with the relevant requirements for that body, including the requirement that the independence criteria be met by the majority of Audit Committee members.

The Company also announces that there has been no revision of financial data included in the corrected consolidated annual report for 2018 and separate annual report for 2018.

Legal basis: Par. 15.5 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 of March 29th 2018 (Dz.U. of 2018, item 757).