The Management Board of Grupa LOTOS S.A. hereby reports that on September 29th 2006, the Company’s Supervisory Board resolved on the composition of the Management Board of the sixth term of office and the division of responsibilities between its members. Furthermore, after considering the results of the qualification procedure, holding interviews with prospective candidates and obtaining the recommendation of the President of the Management Board, the Supervisory Board resolved to appoint the following persons to the Company’ Management Board: Mr Marek Sokołowski – to the position of Vice-President of the Management Board responsible for production and development, and Mr Jarosław Kryński – to the position of Vice-President of the Management Board responsible for sales. These resolutions marked the completion of the process of appointing the Company’s Management Board of the sixth term of office, headed by Mr Paweł Olechnowicz, President of the Management Board. As a result of the changes introduced today, the Management Board of Grupa LOTOS S.A. of the sixth term of office is composed of: Mr Paweł Olechnowicz – President of the Management Board, Chief Executive Officer, Mr Mariusz Machajewski – Vice-President of the Management Board, Chief Financial Officer, Mr Jarosław Kryński – Vice-President of the Management Board, Sales, Mr Marek Sokołowski – Vice-President of the Management Board, Production and Development. The Company’s Supervisory Board resolved that the Management Board would be composed of five members. The decision followed from the necessity to materially strengthen that body and restructure its functioning in connection with the implementation of a wide range of objectives set out in the Company’s Strategy until 2012, adopted by the Supervisory Board in June. In pursuance of the Strategy, the Comprehensive Technical Upgrade Programme as well as activities in the area of oil exploration and production and the extensive restructuring of the Company’s commercial and marketing operations have already been launched. To date, no member of the Management Board responsible for oil exploration and production has been appointed, as the contest for that position has not been completed yet. Other details concerning the members of Grupa LOTOS S.A’s Management Board appointed today will be published in a separate current report. Legal basis for the publication of this report: Par. 5.1.22 of the of the Minister of Finance’s Regulation on current and periodic information to be published by issuers of securities, dated October 19th 2005