The Management Board of PHS HYDROTOR S.A informs about election of a new Member of the Supervisory Board. The new Member was elected at the Annual General Meeting of Shareholders (Resolution No. 19/VI/2015) held on 27.06.2015

1/ Name of the candidate: Jakub Leonkiewicz

2/ Education: Higher School of Trade; specialization in Banking & Finance

3/ Professional work experience:

2015 - Advisor to the Management Board of the Warsaw Stock Exchange LFI, managing director

2009-2015 - J.P. Morgan, Warsaw, executive director

2002-2009 - Analyst, Associate, VP, J.P. Morgan, Mergers & Acquisitions Team- London

2001-2001 - Roland Berger Strategy Consultants, Berlin, Germany

Mr. Jakub Leonkiewicz declared that:

- no circumstances occur that may exclude his independence as Member of the Supervisory Board,

- there is no conflict of interests in holding a function of Member of the Supervisory Board,

- he does not perform any functions or hold positions specified in the provisions of the Act on Restrictions on Conduct of Business Activities,

- enjoys full capacity for acts in law, and has never been convicted by a final court judgement for offences,

- he has not been entered into the Register of Insolvent Debtors.

Wacław Kropiński - President

Mariusz Lewicki - Member of the Management Board

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