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{GRI 4.1.}

The Supervisory Board of Grupa LOTOS exercises ongoing supervision of the Company’s business, across all areas of its operations. It performs its duties collectively, but may also delegate its members to perform certain tasks or functions individually, and may set up ad hoc or standing committees to exercise supervision of specific areas of the Company’s activities.

The procedures followed by the Supervisory Board of Grupa LOTOS are defined in the Company’s Articles of Association and the Rules of Procedure for the Supervisory Board.

Members of the Supervisory Board of Grupa LOTOS should perform their duties to a professional standard of care. Pursuant to the Rules of Procedure for the General Meeting and the rule set forth in Section I.6 of the Code of Best Practice for WSE Listed Companies, members of the Supervisory Board of Grupa LOTOS should also possess appropriate expertise and experience, and be able to devote the time necessary to perform their duties.