At a meeting held on October 3rd 2012, the Supervisory Board of LOTOS Petrobaltic appointed the Company's Management Board. The Management Board consists of: Zbigniew Paszkowicz, President of the Management Board; Dariusz Wojdyński, Vice-President of the Management Board and Chief Financial Officer, and Krzysztof Sułecki, Vice-President of the Management Board and Chief Exploration and Production Officer.

The Supervisory Board’s decision is aimed at making LOTOS Petrobaltic the main decision-making centre for the LOTOS Group’s upstream business. This will enable the Company to fully leverage its potential, competences and nearly 40 years of experience in hydrocarbon exploration and production. At present, LOTOS Petrobaltic is the only Polish company to produce crude oil and natural gas in the Baltic Sea and the second largest crude producer in Poland. Under the agreement executed by Grupa LOTOS S.A. and PGNiG on September 17th 2012, LOTOS Petrobaltic will cooperate with PGNiG in implementation of a number of projects involving onshore exploration for and production of conventional and unconventional hydrocarbons. The Company has also been actively searching for strategic partners to launch gas production in the Baltic Sea. Through its subsidiaries LOTOS E&P Norge and LOTOS Geonafta, LOTOS Petrobaltic is also engaged in on- and offshore exploration and production in Norway and Lithuania. In line with its strategy, in 2015 LOTOS Petrobaltic intends to produce 1.2m tonnes of crude, i.e. approximately 10% of the Gdańsk refinery's annual throughput.

Zbigniew Paszkowicz graduated in mechanics from the Ship Research Institute at the Gdańsk University of Technology. He is a graduate of École Nationale Supérieure du Pétrole et des Moteurs at the French Institute of Petroleum in Paris, with an engineering degree from the Centre for IC Engines and Hydrocarbon Utilizations. In 1992, Mr Paszkowicz joined Rafineria Gdańska as a specialist in the Maintenance Planning and Preparation Department. In 2002-2004, he was Head of the Operation Maintenance Unit. In 2004, Mr Paszkowicz was appointed Technical Director of Grupa LOTOS S.A. and in 2006 – Refinery Expansion Programme Director, directly responsible for the implementation of the 10+ Programme, the most extensive industrial project in Poland in the last decade. From May 2011, Mr Paszkowicz served as Deputy CEO of Grupa LOTOS S.A. Since June 28th 2012, as Vice-President of the Management Board, he has been responsible for overall management of all exploration and production operations of the LOTOS Group.

Dariusz Wojdyński graduated from the University of Gdańsk, the Faculty of Finance and Banking. Mr Wojdyński completed an MBA programme at the Gdańsk Foundation for Management Development. In March 1996, he joined LOTOS Petrobaltic, where he has held executive financial positions since October 1997. Promoted to the Head of the Controlling and Economic Analyses Office in December 2008, Mr Wojdyński was appointed CFO of LOTOS Petrobaltic in August 2010.

Krzysztof Sułecki was previously employed as Head of Production Facilities at LOTOS Petrobaltic S.A. He has been with the company since February 1991. Mr Sułecki graduated in mining and geology (major: borehole mining) from the University of Science and Technology in Kraków, Faculty of Drilling and Oil. Since 1992, he has held executive positions at the Production Facilities, serving as a Shift and Platform Manager. In July 2004, Mr Sułecki was promoted to the Deputy Head and then, in September 2005, to the Head of Drilling and Production. In February 2007, he was appointed Director of Drilling and Oil and Gas Production. In January 2011, Mr Sułecki became the Head of Production Facilities. In 1998, he received an honorary title for outstanding service to Polish geology, awarded by the Minister of Environment. In 2005, the Minister of Economy granted him the title of second-degree Mining Director and in 2011 - a medal for outstanding service to oil and gas mining industry.

Information Office, Grupa LOTOS S.A., ul. Elbląska 135, 80-718 Gdańsk, Poland, tel. (+48) 58 308 87 31, (+48) 58 308 83 88, e-mail: media@grupalotos.pl