Appointment of Grupa LOTOS S.A.'s Management Board of the Sixth Term of Office
Report no. 96/20052006-06-19

The Management Board of Grupa LOTOS S.A. hereby reports that on June 19th 2006 the Supervisory Board of Grupa LOTOS S.A. adopted a resolution concerning the appointment of the Company’s Management Board of the sixth term. composed of: Paweł Olechnowicz – President of the Management Board Mr Olechnowicz graduated from the Academy of Mining and Metallurgy of Kraków (Faculty of Technology and Mechanisation of Foundry Engineering). In 1990-1996, he was President of the Management Board and Director General of ABB Zamech Ltd. Subsequently, for two years Mr Olechnowicz served in the headquarters of ABB Ltd Zurich in Switzerland as Vice-President for Central and Eastern Europe. In 1999-2000, Mr Olechnowicz was Vice-President and Deputy Director General of ZML Kęty S.A., and from 2001 managed his own consulting company: Paweł Olechnowicz – Consulting. From March 12th 2002 to June 19th 2006 he was President of the Management Board of Grupa LOTOS S.A. Marek Sokołowski – Vice-President of the Management Board Mr Sokołowski graduated from the Technical University of Gdańsk with a major in automation of industrial processes. In 1973 he started work at the Gdańsk Refinery, and held the following positions: Automation Specialist, Head of Digital Technology Department, Head of IT Centre, and Chief Automation Specialist. In 1990, Mr Sokołowski became Technical Director and Member of the Management Board. For three consecutive terms in office, his chief responsibility was to ensure the refinery’s continued operations and execution of investment projects. In mid-2000, he was appointed Chief of Technical Service and the Company’s Proxy. From April 19th 2002 to June 19th 2006, Mr Sokołowski served as Vice-President of the Management Board of Grupa LOTOS S.A. Mariusz Machajewski – Vice-President of the Management Board None of the newly appointed Members of the Management Board has been entered into the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register, and none of them conducts business activities competitive to the Company’s business. Furthermore, considering the view of the majority shareholders – Nafta Polska S.A. and the State Treasury – the Supervisory Board resolved to organise a competition for the post of the President of the Management Board and for certain positions of members of the Management Board of Grupa LOTOS S.A. The Supervisory Board determined that after closing the competition the Management Board should be composed of at least five members. The legal basis for the publication of this report is Par. 5.1.22 of the Regulation of the Minister of Finance on current and periodic information to be published by issuers of securities, dated October 19th 2005.