Ciech SA

Graduate of the University of Lodz, Faculty of Law. Since 1994, legal counsel – legal counsellor’s traineeship completed in Warsaw. From 1991 to 2001 employed in the Legal Department of the Ministry of Finance. At the same time: 1992-1995 employed in a bank, 1995-1996 employed at Baker McKenzie Legal Office, 1998-2001 employed at Cavere Legal Office, 2000-2001 employed in the Office of the Committee for European Integration. From 2001-2006, she worked at Nafta Polska SA. From 2006-2007, she was a legal counsel at Korporacja Polskie Stocznie SA. In 2007, legal counsel in the Office of the City of Warsaw, Ownership Supervision Office and at Progres Services Sp. z o.o. From November 2007, Minister’s adviser at the Department of Ownership Supervision and Privatisation at the Ministry of the State Treasury; from May 2009, Director of the Analysis Department at the Ministry of the State Treasury. Participated in the drafting of the Act on tax consultancy and Act on compensation proceedings at entities of special significance for the Polish shipbuilding industry and in preparation of the LOTOS SA Group for its debut on the stock exchange. Moreover, she participated in the privatisation process of the Great Chemical Synthesis sector (Zakłady Chemiczne Organika-Sarzyna and Zakłady Chemiczne Zachem) – participation in preparation of sale of shares of the companies to investors, including acceptance of pre-privatization analyses, contracts with privatized companies and negotiations of contracts with investors, including public investment issues.

Mrs. Ewa Sibrecht-Ośka is not engaged in any competitive enterprise and is not a member of a governing body of a capital company of any other corporate entity in competition with the Company. Her name is not in the Register of Insolvent Debtors, which is maintained according to the Act on the National Court Register.

Graduate of the Wrocław University of Technology – Faculty of Computer Science and Management, Master of Science (1989) specialising in IT systems. In the period 1993-1994 and 1996-1997, he studied management specialising in marketing at Vanderbilt University, Nashville TN (USA) as a Fulbright scholar and gained an MBA. In the period 1990-1993, he was a consultant in the IT Office of URM. From 1994 to 1998 he worked at Tricon Restaurants International Warszawa (formerly PepsiCo) as a project leader and systems (IT) manager. In November 1998, he became senior manager at Accenture Warszawa (formerly Andersen Consulting), where he was occupied with financial services and strategy issues until January 2003. From February 2003 to January 2004 he worked at CII Group Warszawa (now Kolaja and Partners) as executive director. In January 2004, he was appointed as a Member of the Management Board, Director of Banking Services Division at Polcard SA. He performed this function until January 2005. From March to November 2005 he was director of the Reorganisation Office at Telewizja Polska SA, and from December 2005 he is a partner at Raitaro Consulting, a company providing comprehensive management consulting services. He was a member of the Supervisory  Board of Ciech SA at an earlier date (from April 2008 to June 2009).

Mr. Przemysław Cieszyński is not engaged in any competitive activity against Ciech SA. He is not a shareholder of any competitive civil law partnership company, is not a member of a governing body of a capital company of any other corporate entity in competition with the Company. His name is not in the Register of Insolvent Debtors, which is maintained according to the Act on the National Court Register.

Graduate of the Faculty of Law and Administration of the University of Warsaw. In 1998, he was entered in the list of legal counsellors of the Regional Chamber of Legal Councellors in Warsaw. From 1995-1996, he was employed at the Legal Department of the Ministry of Ownership Transformations. From 1996 to 1998 he worked in Creditanstaldt SCG Fund Management SA – a company managing NFI Hetman SA. From 1998-2005, he was employed at White & Case, W. Daniłowicz, W. Jurcewicz Kancelaria Prawnicza Sp. K . law offices. From 2005 he is a partner at Stolarek & Grabalski Kancelaria Prawnicza sp. k. Mr. Arkadiusz Grabalski specialises in capital market law, M&A transactions and private equity. A considerable part of his practice is devoted to restructuring processes, bankructy law, public subsidies and litigation. Mr. Arkadiusz Grabalski participated in preparation of companies for privatisation and sale of shares of privatised companies to investors. He actively participated in the mergers of several banks and other companies, including public companies. He advised many companies on initial public offerings (IPO), as well as subsequent issues of those companies, including issues of bonds convertible into shares. He participated in the establishment of one of the first securitisation funds. He represented enterprises in restructuring processes, acquisition of funds for investment activities, as well as significant litigations.

Mr. Arkadiusz Grabalski is not engaged in any competitive activity against Ciech SA. He is not a shareholder of any competitive civil law partnership company, is not a member of a governing body of a capital company of any other corporate entity in competition with the Company. His name is not in the Register of Insolvent Debtors, which is maintained according to the Act on the National Court Register.

Graduate of the Warsaw University of Technology (1993), Tax School (1996), Management School (1997) and Post-Graduate Courses in the area of goodwill management (2002) at the Warsaw School of Economics. He has held a securities broker license since 1993.

In the period 1993 – 1998, he worked at the Brokerage Office of Bank Handlowy, Centrum Operacji Kapitałowych (Equity Operations Centre) as the Trade and Sales Office Director. In the period 1998 – 1999, he was the President of the Board of Directors at Expandia Polska SA. In the period 1999-2000, he was the Investment Banking Department Director at PKO BP. In 2001, he became a member of the Board of Directors of Nafta Polska SA. In the period 2000 – 2002, he was the Investor’s Supervision Office Director at PKN ORLEN SA. In the period 2002-2003 – Capital Investments Department Director at PSE SA. In the period 2004-2005, – President of the Board of Directors at PSE Centrum SA. In the period 2005-2011, he was the President of the Board of Directors at Synthos SA.

Member of many supervisory boards, among others, at Rafineria Trzebinia SA., Rafineria Glimar SA, II Narodowy Fundusz Inwestycyjny SA, Huta Buczek SA, Warszawska Giełda Towarowa SA, Warta Vita SA, Petrolot Sp. z o.o., Petrogaz Płock, Kaučuk a.s., Active Zone Group SA, Firekom SA. Currently, he is the Chairman of the supervisory boards of Firekom SA and Active Zone Group SA.

Mr Dariusz Krawczyk declares that he is not a shareholder of any competing partnership or a member of bodies of any corporate entities competing against the Company, and that he does not carry any other activity than that specified above. He is not listed in the Insolvent Debtor Register maintained pursuant to the Act of 20 August 1997 on the National Court Register (Dz. U. [Journal of Laws] of 2007, No. 168, item 1186).

He graduated from the Faculty of Technical Physics and Applied Mathematics of the Warsaw University of Technology (1980), he gained a doctorate in the Institute of Physics of the Polish Academy of Sciences (PAN) (1989) and a MBA at Harvard Business School in the USA (1996). Founding partner of Metropolitan Capital Solutions Sp. z o.o. SKA, a company involved in strategic consultancy and corporate finance (from April 2009). Member of the Supervisory Board of PZU SA (from December 2009), Chairman of the IPO Committee (until May 2010). From September 2007 to June 2008 Financial Vice-President of the Management Board at PKN Orlen SA in charge of the financial division and investor relations; member of the Management Board of AB Mazeikiu Nafta and Chairman of the Audit Committee of the Supervisory Board of Unipetrol a.s. From April 2005 to August 2007 he was Vice-President of the Management Board of Bank BGŻ SA (recommended by Rabobank) in charge of corporate and fiscal banking. From July 2002 to March 2005 he was Member of the Management Board and later President of the listed DZ Bank Polska SA. In the period 2000-2002, senior associate at the American strategic consultancy McKinsey & Company in Warsaw. In the period 1996-2000, he was senior investment officer at the International Finance Corporation (World Bank Group) in Washington D.C. In the period 1991-1994, he was adviser of the Minister of Finance and President of the Foundation for Financial System Development; chairman of the Supervisory Board of Bank Gdański SA (1993-1994). In the period 1981-1991, he was junior lecturer and later assistant professor in the Institute of Physics of Polish Academy of Sciences; postdoctoral fellow at Kamerlingh Onnes Laboratory in Leiden in the Netherlands. He was honoured with Officer’s Cross of the Order of Rebirth of Poland.

Mr. Waldemar Maj is not engaged in any competitive activity against Ciech SA. He is not a shareholder of any competitive civil law partnership company, is not a member of a governing body of a capital company of any other corporate entity in competition with the Company. His name is not in the Register of Insolvent Debtors, which is maintained according to the Act on the National Court Register.

Graduate of Maria Curie Skłodowska University in Lublin, Faculty of Economy.

He was employed, among others, at PGNiG SA as advisor to the board of directors, mergers and acquisitions department manager at Agencja Rozwoju Przemysłu SA and investor’s supervision office director at Nafta Polska SA. While working at Nafta Polska S.A., he was a member of supervisory boards of the following entities: Rafineria Czechowice SA having its registered office in Czechowice - Dziedzice, Zakłady Chemiczne Police SA having its registered office in Police, Zakłady Azotowe w Tarnowie-Mościcach SA having its registered office in Tarnów and LOTOS SA having its registered office in Gdańsk. Currently, he is the Chairman of the Supervisory Board of Przedsiębiorstwo Eksploatacji Rurociągów Naftowych Przyjaźń SA. He is employed by PGE Energia Jądrowa SA and PGE EJ1 Sp. z o.o. as the capital office director.

Mr Mariusz Obszyński declares that he is not a shareholder of any competing partnership or a member of bodies of any corporate entities competing against the Company, and that he does not carry any other activity than that specified above. He is not listed in the Insolvent Debtor Register maintained pursuant to the Act of 20 August 1997 on the National Court Register (Dz. U. [Journal of Laws] of 2007, No. 168, item 1186).

Graduate of A. Mickiewicz University in Poznan, Faculty of Chemistry. Postgraduate studies in mediation and negotiation (the Poznan School of Social Sciences) and internal audit (Poznan University of Trade and Accounting). Doctoral studies at the Faculty of Management of the Economic University in Poznan. In 1997, he passed the exam for members of Supervisory Boards of State owned enterprises. From 2003, member of the Supervisory Board of MPK Poznań Sp. z o.o. He participated in many training sessions, internships and conferences on environmental protection, the energy market and renewable energy sources. From1988, he managed businesses, on his own, as partner and as shareholder of commercial law companies. He participated in investment projects as a member of management and supervisory bodies, in the commercial, real estate, mining and chemical industries. Form 2008, at GK Enea – Adviser to the Management Board on renewable energy sources, currently President of the Management Board of BHU SA (Enea Group). From 1998, member of authorities of the Wielkopolska Association of Trade and Services; member of the Financial Board and adviser of the President of the Poznan University of Trade and Services.

Mr. Sławomir Stelmasiak is not engaged in any competitive enterprise and is not a member of a governing body of a capital company of any other corporate entity in competition with the Company. His name is not in the Register of Insolvent Debtors, which is maintained according to the Act on the National Court Register.