JANUARY 29TH, 2016

Statement of the Supervisory Board of LOT Polish Airlines

Warsaw, 29 January – Supervisory Board appointed Mr. Rafał Milczarski to a position of Chairman of the Board of LOT Polish Airlines. Mr. Borys Buta was appointed a Member of the Board, Chief Operating Officer. Qualification procedure for the position of the Member of the Management Board, Chief Financial Officer ended without appointment.

Rafal Milczarski graduated in Economics from the University of Cambridge. During his studies, he has been a trainee, among others at UBS Bank in Zurich and JP Morgan in London. He has an extensive international experience in the transport industry. After graduation he worked in the maritime and railway logistics department at Foster Yeoman Limited in Great Britain.

He co-founded the Baltic Rail, one of the first private railway carriers of goods in Poland. In 2005, together with an industry investor Freightliner Group in the UK, he founded Freightliner PL – a freight rail carrier. As a president and co-owner he led the company from a start-up to the achievement of a few per cent share of the freight market in Poland. He is also the founder and former CEO of Freightliner DE – a German subsidiary Freightliner PL and the Association of Independent Railway.

Privately he is married to Martyna and a father of Marysia, Jaś and Ignacy. He is interested in economics and history.

Borys Buta of education is a lawyer. He graduated from the University of Warsaw. For three years he was a CEO of the Air Transport Support, a company specializing in the servicing operations of airlines, including the preparation of flight operations, calculation of CO2 emissions, obtaining agent handling certificates and renting aircraft mediation. He has already been linked to LOT in the past, first as a lawyer, then as a representative of the board of LOT Travel.

At the same time, Marcin Celejewski has been recalled from the position of a President of the Management Board, Chief Commercial Officer and Monika Kiełtyka-Michna has been recalled from a position of the Member of the Board, Chief Corporate Officer.