Mr Olechnowicz has held the position of President of the Board of Grupa LOTOS since March 12th 2002, when he was appointed by the Supervisory Board to the Board of the fourth term. Then, in 2003, 2006, 2009 and 2012 he was re-appointed President the Board by the Company's Supervisory Board.

Since September 2007, he has served as Chairman of the Board of Directors of LOTOS Exploration and Production Norge AS and since April 2011 – Chairman of the Board of Directors of AB LOTOS Geonafta.

He is in charge of, and takes responsibility for, the overall management and direction of the LOTOS Group’s operations.

Qualifications, professional experience and achievements:

Graduated from the Kraków University of Technology (the Faculty of Technology and Mechanisation of Foundry Engineering), completed a post-graduate course in Organization, Economics and Industrial Management at the Gdańsk University of Technology, MBA INSEAD, Fontainebleau, and attended a number of courses in management, both in Poland and abroad.

In 1977, Mr Olechnowicz began his professional career at Zakłady Mechaniczne Zamech of Elbląg (renamed ABB Zamech Sp. z o.o. in 1990). Between 1990 and 1996, he was President of the Management Board and CEO of ABB Zamech Ltd. concurrently, from 1994 to 1996, serving as Vice-President of ABB Polska. Subsequently, for two years Mr Olechnowicz worked at the headquarters of ABB Ltd. Zurich, Switzerland, as Vice- President for Central and Eastern Europe. In 1999−2000, Mr Olechnowicz was Vice-President and Deputy Director General of ZML Kęty S.A., and from 2001 managed his own consultancy firm, Paweł Olechnowicz-Consulting. He was one of the founders, in 2010, of Central Europe Energy Partners (CEEP), an expert organisation representing the interests of the energy sector at large, and chaired its Board of Directors. After taking the position of President of the Board of Grupa LOTOS in March 2002, Mr Olechnowicz began the dynamic process of modernising the Company's structures and developing its production and marketing potential. He initiated the programme of building the LOTOS Group as a manufacturing and marketing organization; prompted the change of name to Grupa LOTOS (June 2003); commenced the technical upgrade of the Gdańsk refinery; initiated business consolidation with the Czechowice and Jasło refineries located in southern Poland, as well as the integration of Petrobaltic into the Group; managed implementation of the Integrated Management System based on requirements of national and international standards applicable in this respect; floated Grupa LOTOS shares on the Warsaw Stock Exchange (June 2005), and used the IPO proceeds to carry out the 10+ Programme (completed in 2011); led the implementation of a set of anti-crisis measures involving a cost-cutting programme developed jointly by the Company's management and staff (2009), and the Optimal Expansion Programme, an efficiency and savings enhancement plan (2012). He is also implementing the objectives of the 2013−2015 Effective and Rising Programme, designed to ensure the development and reorganization of the LOTOS Group, as part of which Grupa LOTOS, Grupa Azoty and Polskie Inwestycje Rozwojowe are implementing a petrochemical project together.

Mr Machajewski has held the position of Vice-President of the Board of Grupa LOTOS since June 19th 2006, when he was appointed by the Company's Supervisory Board to the Board of the sixth term. In 2009 and 2012 he was re-appointed Vice-President of the Board by the Company's Supervisory Board.

Since 2006, he has served as Deputy Chairman of the Supervisory Board of LOTOS Paliwa Sp. z o.o., and since 2010 has chaired the Supervisory Board of RCEkoenergia Sp. z o.o. Mr Machajewski has also been Member of the Supervisory Board of Stowarzyszenie Emitentów Giełdowych (Polish Association of Listed Companies) since 2013.

He is mainly in charge of, and takes responsibility for, the overall management of the Company’s economic, financial and accounting activities, as well as all matters related to its asset base and restructuring processes. In addition, he exercises supervision over creation and implementation of the insurance policy and risk management in the LOTOS Group (as Chairman of the Committee) and also over matters related to the formulation of corporate guidelines and standardisation of procedures related to the conclusion of agreements, selection and evaluation of trading partners, as well as development of IT systems and telecommunication services.

Qualifications, professional experience and achievements:

Mr Machajewski is a graduate of the Faculty of Economics at Gdańsk University. He also attended a number of courses in management and economics in Poland and abroad.

In 1994−1997, he worked at Stocznia Gdynia S.A. (Gdynia Shipyard). In 1997, he joined Grupa LOTOS (formerly Rafineria Gdańska S.A.), where he was placed in charge of the Company’s controlling functions in 1999.Since mid-2002, he has held the position of Chief Financial Officer. From April 2005 to June 2006, he also served as the Company’s commercial proxy. He was involved in the Company's internal restructuring, which led to the creation (in 2005) of the Finance and Accounting Centre, a body primarily intended to provide accounting services to Grupa LOTOS and its subsidiaries. He assisted in preparations before the floatation of Grupa LOTOS shares on the Warsaw Stock Exchange on June 9th 2005. Mr Machajewski played an instrumental role in formulating and arranging the financing framework for the 10+ Programme. The credit facility executed in June 2008 to finance the 10+ Programme was the largest transaction in the Company's history, and at that time was regarded as the year's most important transaction in the European oil industry, also being named the Best Financing Project of the year by a number of prestigious specialist journals. Mr Machajewski prepared and oversaw the implementation of the cost-cutting Package of Anti-Crisis Measures (2009) and the Optimal Expansion Programme, an efficiency and savings enhancement plan (2012).In charge of restructuring processes, he is responsible for the implementation of the LOTOS Group's 2013−2015 Effective and Rising Programme, and oversees exercise of ownership in subsidiary companies.

Mr Paszkowicz has held the position of Vice-President of the Management Board of Grupa LOTOS since June 28th 2012, when he was appointed by the Supervisory Board to the Board of the eighth term.

In October 2012, he was appointed President of the Management Board of LOTOS Petrobaltic S.A. and since January 2013 he has served as a Member of the Board of Directors of LOTOS E&P Norge AS.

He is in charge of, and takes responsibility for, the overall management of the Group’s exploration and production segment. As part of this role, he is charged with the oversight of companies allocated to that segment.

Qualifications, professional experience and achievements:

In 1989, Mr Paszkowicz graduated in mechanics from the Ship Research Institute at the Gdańsk University of Technology. He is a graduate of the Ecole Nationale Superieure du Petrole et des Moteurs with an engineering degree from the Centre for IC Engines and Hydrocarbon Utilizations.

His career with Grupa LOTOS (formerly Rafineria Gdańska S.A.) commenced in 1992, initially as a specialist in the Maintenance Planning and Preparation Department. In 2002−2004, he was head of the Plant Engineering Unit, in charge of reorganisation of overhaul services and maintenance of refinery operation based on advanced prevention methods. In 2004, he was appointed Technical Director and was directly responsible for the preparation and execution of the Spring 2005 Overhaul Shutdown, during which the plant's annual processing capacity was increased from 4.5m to 6m tonnes of crude oil. In 2006, he was appointed Refinery Expansion Programme Director, directly responsible for the implementation of the 10+ Programme, the most extensive industrial project in Poland in the last decade. After completion of the Programme, in April 2011 he took the position of Deputy CEO of Grupa LOTOS, wherein his responsibilities included monitoring of implementation of the Company's Strategy; supervision of support functions for the Company's governing bodies; development of corporate guidelines and uniform contracting procedures; development of IT and telecommunication systems, and security and physical protection. He also provided support to the CEO within his remit. He has served as Chairman of the Supervisory Board of LOTOS Petrobaltic since January 2012, and as its President since October 2012.His primary area of focus is development of the exploration and production operations. Since June 2012, he has been directly involved in development of the strategy for and successful completion of negotiations (with Talisman of Canada, licence operator) on removal of a defective rig from the Yme field and recovery of invested funds (March 2013). He also monitored the acquisition of an interest in the Heimdal field, which is the processing and distribution hub for natural gas extracted from the Norwegian Continental Shelf (November 2013). Mr Paszkowicz supervises intensive appraisal work on hydrocarbon deposits in the Baltic Sea to enable full use of the potential and resources available in the Polish economic zone. He is currently overseeing the final phase of the B8 field development investment programme.

Mr Sokołowski has held the position of Vice-President of the Management Board of Grupa LOTOS since April 19th 2002, when he was appointed by the Supervisory Board to the Board of the fourth term. Then, in 2003, 2006, 2009 and 2012 he was re-appointed Vice-President of the Management Board by the Company's Supervisory Board.

From establishment of LOTOS Kolej in 2002 to 2009, he was Chairman of the company's Supervisory Board. Since May 2005 he has served as Chairman of the Supervisory Board of LOTOS Terminale S.A. (formerly LOTOS Czechowice S.A.) and since December 2010 as Chairman of the Supervisory Board of LOTOS Biopaliwa Sp. z o.o.

He is in charge of, coordinates, directs and takes responsibility for, overall production and technical management, technology development and CAPEX programmes (investment projects oriented towards technical and technological advancement). He is also charged with oversight of the companies allocated to the LOTOS Group’s operating segment.

Qualifications, professional experience and achievements:

Mr Sokołowski graduated from Gdańsk University of Technology (Faculty of Electrical Engineering), completed a post-graduate course at the University of Gdańsk in managing industrial investments and a number of specialist management courses in Poland and abroad.

He has worked at Grupa LOTOS (formerly Rafineria Gdańska S.A.) since 1973. In 1990, Mr Sokołowski was appointed to the Board and took the position of Technical Director, in charge of plant engineering and execution of investment projects. At the end of 1994 and beginning of 1995, he actively participated in the development of the 'Technical Development Programme for Rafineria Gdańska S.A. until 2000', designed to increase the refinery's annual crude processing capacity from 3m to 4.5m tonnes, and to construct conversion installations, including the hydrocracking unit. From 1996, he managed execution of the Programme until its completion at the end of 1999.

Apart from investment projects, Mr  Sokołowski was also dealing with the efficient management of maintaining the refinery in operation; among his undoubted successes is extending the overhaul cycle for the refinery from one to four years and preparing its maintenance service for major organizational and ownership changes. From April 2000 Mr  Sokołowski held the position of Chief of Technical Services; he also served as the Company’s commercial proxy. In April 2002, he was appointed Vice-President of the Management Board of Grupa LOTOS. In 2005, he was also overseeing another project aimed at increasing the refinery’s annual crude processing capacity to 6m tonnes, which was modelled after the previous one. Technological and implementation concepts for all major overhaul and investment programmes were developed under his supervision; all these programmes were carried out in cooperation with international suppliers and contractors. He used his experiences gathered in all these programmes for developing technological baselines and the organizational structure of the biggest development programme in the refinery’s history – the 10+ Programme (formerly the Comprehensive Technical Development Programme). In 2006−2011, he was responsible for refinery expansion under the 10+ Programme, officially launched in August 2007 with the symbolic laying of the cornerstone for the diesel oil hydrodesulfurization (HDS) unit. The solutions adopted have been proven right by the exemplary implementation of the 10+ Programme as well as the results achieved by the refinery in the several years of the units’ being in operation. Once completed, the 10+ Programme considerably increased the refinery's crude processing capacity, depth of crude processing, and feedstock flexibility. Completion of the 10+ Programme placed Grupa LOTOS in the elite group of the most advanced refineries in Europe. In recent years, Mr Sokołowski initiated the Operational Excellence Programme and a project involving connection of the refinery to the gas distribution network. The economic effects of all these projects are clearly visible in audits carried out by Solomon Associates which each year ranks the refinery on higher positions among the best European complexes. Currently, he is engaged in organizing the implementation of the coking unit project and in work on developing the petrochemical complex as part of a joint effort by Grupa LOTOS, Grupa Azoty and Polskie Inwestycje Rozwojowe.

Mr Szozda has held the position of Vice-President of the Management Board of Grupa LOTOS since July 1st 2009, when he was appointed by the Supervisory Board to the Board of the seventh term. Then, in 2012 he was re-appointed Vice-President of the Board by the Company's Supervisory Board.

Since August 2009, he has chaired the Supervisory Board of LOTOS Paliwa Sp. z o.o., and since December 2010 he has served as Deputy Chairman of the Supervisory Board of LOTOS Biopaliwa Sp. z o.o.

His responsibilities include overall management of marketing, procurement and distribution processes at the LOTOS Group. He is also charged with oversight of companies allocated to the LOTOS Group’s marketing segment.

Qualifications, professional experience and achievements:

Maciej Szozda graduated from the Warsaw School of Economics (Faculty of Trade).

In 1980, he began work at PHZ Labimex. In 1983−1984, he was Managing Director at KMW Engineering. Then, until 1986, he worked in the US as Contract Manager. In 1986, he joined Przedsiębiorstwo Zagraniczne Ipaco, where he held the position of Director, while in 1987–1989 he was Export Manager for Sinexim Gmbh of West Berlin. Starting from 1989, he operated as a sole trader, performing mandates for Easey Garments UK Ltd. (Easy Jeans) as Head of its Representative Office for Poland and the CIS countries. In 2002, he joined PKN Orlen S.A., where he served (in chronological order) as Director of the Office of Planning and Development of Retail Network, Director of the Office of Development of Retail Network – Europe, and Retail Sales Executive Director. From October 2008 to February 2009, Maciej Szozda was member of the Supervisory Board of Orlen Deutschland AG. From 2007 to March 2009, he served as Member and then President of the Management Board of AB VENTUS NAFTA of Vilnius, a company of the ORLEN Group. He joined Grupa LOTOS in 2009. He supervises efforts to increase the Group's share in the fuel market through development of the Company's chain of service stations, and continued improvement of the stations' efficiency, including implementation of uniform operating standards. The network development is also a result of capital expenditure on Motorway Service Areas, which have been built since October 2009 at 14 motorway sections in Poland. LOTOS Dynamic fuels, marketed across the network, became available in all larger Polish towns in December 2009, and won the first place in the fifth edition of the '2009 Consumer's Laurel' programme in the Premium Fuel category. Mr Szozda also oversaw the concept of LOTOS Optima budget service stations, where basic fuels are available at attractive prices. In 2011, 50 OPTIMA stations were opened, and thus Company beat the national record for the number of stations opened within one year by adding as many as 63 new locations to its network. All these efforts helped LOTOS stations win the prestigious Crystal Emblem of European Trusted Brands (2012). Mr Szozda's other responsibilities include work to maintain LOTOS' leading position on the domestic lubricants market; continuous improvement of other products' market shares, and development of aviation fuel sales, which in 2013 resulted in the formation of the LOTOS-Air BP Polska joint venture.