During the Annual General Shareholders Meeting of PKN ORLEN S.A. today the shareholders approved the Directors’ Report on the Company’s and the Group’s operations in the previous financial year. All members of the Management Board and the Supervisory Board were granted discharge in respect of their duties.

The Annual General Shareholders Meeting of PKN ORLEN S.A. approved the Directors’ Reports on the Company’s and the Group’s operations, and the 2010 separate and consolidated financial statements. As was proposed by the Management Board, the shareholders resolved to transfer the entire prior year’s profit of PLN 2.357bn to statutory reserve funds.

Furthermore, the Annual General Shareholders Meeting approved the proposed procedural amendments to the Company’s Articles of Association and prepared the consolidated text of the Articles of Association, save for the section concerning active participation in the General Shareholders Meeting and voting via electronic means. As the latter amendments to the Articles of Association were not approved, the agenda item covering the amendment of the Rules of Procedure for the General Shareholders Meeting and preparation of their consolidated text upon shareholders’ consent was not considered.

Press Office
PKN ORLEN