The Supervisory Board of Grupa LOTOS S.A. has concluded the procedure to select the President of the Management Board of Grupa LOTOS S.A. of the ninth joint term of office. The Supervisory Board has resolved to appoint Mr. Pawe Olechnowicz to the Management Board of Grupa LOTOS S.A. of the ninth joint term of office as President of the Management Board. The Supervisory Board has also resolved to continue the procedure with respect to the other positions on the Management Board.

The term of office of the current Management Board expires on June 28, 2015. The other members of the Management Board will be appointed before that day.