Appointment and removal of commercial proxy
Report no. 1/20132013-01-07

On January 7th 2013, the Management Board of Grupa LOTOS adopted a resolution revoking the power of proxy granted to Mr Adam Loewe, and appointed Mr Konrad Jaskóła as a new commercial proxy authorised to represent Grupa LOTOS and make declarations of will, jointly with a Management Board member, on behalf of the Company.

Mr Jaskóła holds a degree from the Silesian University of Technology, Chemical Engineering Faculty. He gained his first professional experience working at the Blachownia Chemical Works, which he joined in 1969. In 1995, he obtained a post-graduate degree in Refining Process Management from the Warsaw School of Economics. In 2012, he was awarded a PhD degree in Economics from the Wrocław University of Technology. In 1969–1973, Mr Jaskóła worked at the Blachownia Chemical Works in Kędzierzyn-Koźle. From 1974 for the next 25 years, he was connected with Petrochemia Płock, where he served as President of the Management Board, Chief Executive Officer of Petrochemia Płock S.A. until 1999. Subsequently, in 1999–2001, he served as Vice-President of the Management Board of Polimex-Cekop S.A. and, from 2001 to August 2012, as President of the Management Board, Chief Executive Officer of Polimex-Mostostal S.A. In December 2012, he was appointed Director of the International Relations Department of Grupa LOTOS.

Mr Jaskóła is not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register and is not engaged in any activities competitive with the Issuer’s business. The newly appointed commercial proxy is neither a partner in any partnership under civil law or another partnership engaged in activities competitive with Grupa LOTOS' business, nor a member of governing bodies of incorporated companies or other legal entities engaged in activities competitive with the Company's business.

The legal basis for the publication of this Current Report is Par. 5.1.22 of the Minister of Finance’s Regulation of February 19th 2009 on current and periodic information to be published by issuers of securities.