Changes in the Management Board of Grupa LOTOS S.A.
Report no. 2/20172017-01-12

Grupa LOTOS S.A. (the “Company”) announces that on January 12th 2017 Grupa LOTOS S.A.’s Supervisory Board appointed Mr Marcin Jastrzębski as President of the Management Board and Mr Jarosław Kawula as Vice President of the Management Board, Chief Refining Officer, with effect as of January 12th 2017. Mr Marcin Jastrzębski resigned from the position of Vice-President, Chief Operating Officer.

Prior to this appointment, Mr Marcin Jastrzębski was the Company’s Vice-President − Chief Operating Officer, and on November 9th 2016 he was appointed acting President of the Management Board of Grupa LOTOS S.A. Mr Jastrzębski held the position of Vice President of the Management Board of Grupa LOTOS S.A. from May 13th 2016, when he was appointed by the Supervisory Board to the Management Board of the ninth term. Since May 31st 2016, he has also been President of the Management Board of LOTOS Petrobaltic.

Mr Marcin Jastrzębski studied at the Faculty of Economic Sciences of the University of Warsaw, the Faculty of Social Sciences and Administration of the Warsaw Academy of Computer Science, Management and Administration, and the University of Liverpool (a course in Management of the Gas and Oil Sector).

He is a former Honorary Consul of Georgia in Poland.

In 1997–2006 and 2008−2013, Mr Jastrzębski worked at Polkomtel S.A. as an IT Systems Administrator, Deputy Director of the IT Strategy and Management Department, Director of the IT Systems Management Department, IT Managing Director, and Head of the Central Procurement Department.

In 2006–2008, he served as Member of the Management Board of PERN Przyjaźń S.A., in charge of Strategy and Operations. In 2006–2010, he was President of the Management Board of MPR Sarmatia. In 2013–2015, he was President of the Management Board of Gazoprojekt S.A. In 1999–2007, he sat on the Supervisory Boards of WARS Sp. z o.o., RADPEC S.A., PERN Przyjaźń S.A., and Naftoport Sp. z o.o. From April 12th to May 13th 2016, he served as Member of the Supervisory Board of Grupa LOTOS S.A.

Mr Jarosław Kawula holds Master of Science in Engineering and Ph.D. in Chemistry degrees from the Gdańsk University of Technology (the Faculty of Chemistry and the Faculty of Management and Marketing). He also holds an MBA degree from the Gdańsk Foundation for Management Development. Since beginning of his professional career, Mr Kawula has been working for Grupa LOTOS S.A.’s Gdańsk refinery, holding management positions connected with crude oil processing and production control.

The Company announces that, according to their representations, Mr Marcin Jastrzębski and Mr Jarosław Kawula are not entered in the Register of Insolvent Debtors maintained under the Act on the National Court Register, are not involved in any activities competitive with the operations of Grupa LOTOS S.A., and are not partners in any partnerships, 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.