FEBRUARY 2ND, 2011

The Supervisory Board of LOT Polish Airlines accepts new Corporate Strategy

During today’s meeting, the Supervisory Board of LOT Polish Airlines adopted a resolution to accept the Corporate Development Strategy. This is an important phase in the process of restructuring of the company and in the improvement of the financial results for the Polish carrier.

During the meeting, the Supervisory Board accepted reports on the current situation within the company and the preparations by LOT Polish Airlines to implement the EU ETS (Emissions Trading System), and heard reports from both the fleet committee.

The Supervisory Board of LOT Polish Airlines also accepted the resignation of Wojciech Bañkowski from his role as Board Member responsible for restructuring.

The director of the “Polish Airports” State Enterprise, Micha³ Marzec, was invited, and together with the Chairman of the Board of LOT Polish Airlines, Marcin Piróg, presented the principles of cooperation between LOT and Polish Airports.

The Supervisory Board has decided to continue this meeting on March 17th.


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