Changes in the composition of the Supervisory Board of Grupa LOTOS S.A.
Report no. 48/20162016-12-22

The Management Board of Grupa LOTOS S.A. (the “Company”) announces that today, on December 22nd 2016, the Extraordinary General Meeting has removed two Supervisory Board Members, Ms Katarzyna Witkowska and Ms Maria Sierpińska, from Grupa LOTOS S.A.’s Supervisory Board of the ninth joint term of office, appointing in their place Mr Piotr Ciach and Mr Adam Lewandowski.

Mr Piotr Ciach is a graduate of the Faculty of Law at the Maria Curie-Skłodowska University of Lublin. He completed the MBA programme organised by the Gdańsk Foundation for Management Development in association with the IAE Aix-en-Provence Graduate School of Management. He serves as Division Head at the Supervision Department of the Polish Ministry of Energy.

At present, he is a Supervisory Board Member at Spółka Restrukturyzacji Kopalń S.A. In the past, he served on the supervisory boards of a number of companies, including Polski Holding Obronny Sp. z o.o., Międzynarodowa Korporacja Gwarancyjna Sp. z o.o., Telefony Podlaskie S.A., Polska Grupa Zbrojeniowa S.A. and Tauron PE S.A.

Mr Adam Lewandowski graduated from the Warsaw University with a Master’s in Law; he is a Legal Counsel, member of the Regional Chamber of Legal Counsels in Warsaw.

He has gained professional experience working for banking and financial institutions (PEKAO S.A., BOŚ S.A., Bank Polskiej Spółdzielczości S.A. and Krajowy Depozyt Papierów Wartościowych S.A. − the central securities depository). In 2006−2009, he was Executive Director of the Division of the President of the Management Board, Company Office Director responsible for supporting PGNiG S.A.’s corporate bodies, and HR Office Director. In 2013−2015, he was Head of the HR Department at PGNiG S.A. Since 2016, he has headed the Enterprise Management Division at PGNiG Termika S.A.

The Company announces that, according to their representations, Mr Piotr Ciach and Mr Adam Lewandowski have not been entered in the Register of Insolvent Debtors maintained under the Act on the National Court Register, they are not involved in any activity competing with Grupa LOTOS S.A.’s business, neither are they partners in any partnerships, or members of corporate bodies of any corporations, or members of governing bodies of any other legal entities competing with Grupa LOTOS S.A.

This current report is published pursuant to Par. 5.1.21 and 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.