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17 April 2007

Press Release of the Polish Information and Foreign Investment Agency

The new President of the Board of the Polish Information and Foreign Investment Agency (PAIiIZ) is Dr. Paweł Wojciechowski. The decision to appoint Dr. Wojciechowski was taken by the supervisory board on Monday April 16th. The president will begin work on 23rd April 2007.

Paweł Wojciechowski, President of PAIiIZ

Up to his appointment as President of the PAIiIZ Board, Dr. Wojciechowski served as the chief economist of the Polish Institute of Directors (since November of last year), also as a board member of the companies RUCH S.A., Z.Ch. “Police” S.A., Infovide-Matrix S.A. In 2006 he was advisor to the Prime Minister Kazimierz Marcinkiewicz and Minister of Finance in his government.

In the years 1995-2005 he was the president of the boards of three financial institutions: PTE Alliianz Poland S.A. (1999-2005), PBK ATUT TFI S.A. (1996-1999), and the Polish Fund Administration Group Sp. z o.o. (1995-1996). Earlier he was Branch Director of the Polish Development Bank S.A., director of the project KPMG/USAID, advisor to the Minister of Ownership Transformation and director of the UNDP program. During the years 1983-1991 he worked in the U.S.A. as a lecturer in statistics, as assistant in an MBA faculty, and also as an analyst and consultant.

He is a graduate of two American institutions – John Carroll University (economics) and Case Western Reserve University (operational surveys), and also of two Polish institutions – the Institute of Systemic Research PAN and SGH/SGPiS (management accounting and foreign trade).

Polish Investment and Trade Agency

ul. Krucza 50

00-025 Warsaw

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Taxpayer's Identification Number (NIP) PL 526-030-01-67

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