Appointment of the Supervisory Board of the ninth term of office of Grupa LOTOS S.A.
Report no. 10/20142014-06-30

The Management Board of Grupa LOTOS S.A. ("the Company") hereby reports that on June 30th 2014 the following persons were appointed by the Annual General Meeting to the Supervisory Board of the ninth term of office:

- Wiesław Skwarko – Member of the Supervisory Board,
- Agnieszka Trzaskalska – Member of the Supervisory Board,
- Małgorzata Hirszel – Member of the Supervisory Board,
- Oskar Pawłowski – Member of the Supervisory Board,
- Michał Rumiński – Member of the Supervisory Board,
- Magdalena Bohusz - Boguszewska – Member of the Supervisory Board.

Mr Wiesław Skwarko - graduated from the Faculty of Foreign Trade of the Warsaw School of Economics. In 1987-1994, he was employed as assistant lecturer at the Warsaw School of Economics. From 1990 to 1999, he was a partner at Access Sp. z o.o., then became Member of the Management Board of Rothschild Polska Sp. z o.o. In 2005–2006, Mr Skwarko served as Head of the Privatisation Office at Nafta Polska S.A. In 2006, he took the position of Financial Strategy and Capital Development Director, initially at CTL Maczki Bór of Sosnowiec and then at CTL Logistics S.A. of Warsaw. From January 10th 2008 to December 31st 2009, Mr Skwarko was Member of the Management Board of Nafta Polska S.A., and from January 1st 2010 to the end of April 2011 he was the liquidator of Nafta Polska S.A. w likwidacji (in liquidation). From October 27th 2010 to July 31st 2012, he served as Vice-President of the Management Board of ZAK S.A. of Kędzierzyn Koźle. Since September 10th 2012, he has served as President of the Management Board of Kędzierzyńsko-Kozielski Park Przemysłowy Sp. z o.o.

Mrs Agnieszka Trzaskalska - completed her doctoral studies at the Faculty of Law and Administration of the University of Warsaw, and also holds a graduate diploma in law from the Faculty of Law and Administration of the University of Silesia. Since 1999, she has been employed at the Ministry of the State Treasury, where she has held various posts in owner supervision, corporate supervision and ownership transformations. At present, she serves as Deputy Head of the Ownership Transformation and Privatisation Department, where she coordinates the sale of shares in state-owned or partially state-owned companies. Ms Trzaskalska has many years of experience in corporate law, owner supervision and corporate transformations, as well as extensive experience gained on the supervisory bodies of commercial-law companies and other entities, including as: Deputy Chairperson and Board Member of the Supervisory Board of TAURON POLSKA ENERGIA S.A. (2007-2014); Deputy Chairperson of the Supervisory Board of LOTOS Petrobaltic S.A. (2007-2012), and Board Member of the Foundation of the Polish Students’ Parliament in Warsaw (2000-2003). Currently, she serves as Member of the Supervisory Board of Polskie Górnictwo Naftowe i Gazownictwo S.A.

Mrs Małgorzata Hirszel is a graduate of the Faculty of Law and Administration of the University of Warsaw and has also completed post-graduate studies (in European Studies) at the Faculty of Journalism and Political Science of the University of Warsaw. Currently, Ms Hirszel is pursuing doctoral studies at the Institute of Legal Studies of the Polish Academy of Sciences. In 2000, she joined the Chancellery of the Prime Minister, where she has served as Head of the Council of Ministers Committee Department and as Secretary of the Council of Ministers Standing Committee since 2007.

Mr Oskar Pawłowski is a graduate of the Faculty of Law and Administration of the Adam Mickiewicz University of Poznań and Cambridge University, where he graduated in British and EU law. In 2006, he completed legal counsel training held by the Board of the District Chamber of Legal Counsels in Poznań and was entered in the register of legal counsels. In 2000-2002, Mr Pawłowski worked as a lawyer for Kancelaria Prawna Głowacki, Grynhoff, Hałaziński s.j. and in 2002-2003 for D. Janczak i Wspólnicy Sp. k./Domański Zakrzewki Palinka Sp. k. – Ernst & Young Law Alliance – Energy Group, and then from 2003 to 2007 – at the Law Office of Legal Counsel Włodzimierz Głowacki. Currently, Mr Pawłowski is a Managing Partner at the Oskar Pawłowski i Wspólnicy Sp. k. law firm. He has over 10 years of experience in legal counsel services. His expertise includes, in particular, the regulatory environment of the energy sector and legal services in property trading and investment. Mr Pawłowski has extensive experience in corporate law as well as mergers and acquisitions. He also serves as Energy Arbitrator at the Arbitration Court of the Chamber of Industrial Power and Energy Customers. He is Member of the Court of the Polish Motor Association. He speaks fluent English and has authored the following papers: 'Rights of Electricity Consumers and Methods of Their Protection' (Rynek Energii 2/2009) and 'Legal Due Diligence in Property' (Inwestor 1/2010).

Mr Michał Rumiński – is a graduate of the University of Chicago Booth School of Business, the Warsaw School of Economics, and the University of Warsaw, Faculty of Law and Administration. Since 2012, he has been President of the Management Board and Managing Partner of EEC Ventures, specialising in asset management and capital advisory services, including specialised financial services in cleantech and sustainability investments. From 2007 to 2012, Mr Rumiński was an Investment Partner of the MCI Euroventures investment fund, and held the positions of Member and then President of the Management Board of ABC Data S.A., the fund's largest portfolio company; he has also sat on the supervisory boards of other companies. In 2000-2007, Mr Rumiński worked for the KBC Group, where he handled many equity transactions as well as public and private equity investments. From 2004, he held the position of Corporate Finance Director at KBC Securities S.A., and was responsible for developing the strategy and forming the corporate finance department at the KBC Securities investment bank in Poland. Before that, Mr Rumiński had served as Head of the Investment Banking Division at Kredyt Bank S.A. He has written a number of publications dealing with the Polish and global capital markets.

Mrs Magdalena Bohusz - Boguszewska – is a graduate of Law from the European School of Law and Administration (Europejska Wyższa Szkoła Prawa i Administracji). Since 2012, she has worked at the Polish Ministry of State Treasury, where she currently serves as Head of the Supervision, State Aid and Assistance Division of the Restructuring and State Aid Department, overseeing and coordinating work related to the supervision of state-owned enterprises, corporate restructuring, as well as state aid and assistance considered non-public aid granted to entrepreneurs by the Minister of State Treasury. Between 2004 and 2012, she was employed at the Polish Ministry of Economy, where her responsibilities included the supervision of state-owned coal mining companies, and then legislative work to prepare draft amendments to the existing legal framework reflecting the government's strategies towards the coal mining industry. She has experience as a supervisory board member, having served in that capacity at a number of companies, including H. Cegielski – Poznań S.A. and Stomil – Poznań S.A.

According to their representations, Mr Wiesław Skwarko, Ms Agnieszka Trzaskalska, Ms Małgorzata Hirszel, Mr Oskar Pawłowski, Mr Michał Rumiński and Ms Magdalena Bohusz - Boguszewska are not entered in the Register of Insolvent Debtors, maintained pursuant to the Act on the National Court Register, and are not engaged in any activities competitive with the Company’s business, and they are not partners in any partnerships under civil law or other partnerships engaged in activities competitive with the Company's business, nor are they members 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 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.