New President of PKN ORLEN

Polski Koncern Naftowy ORLEN SA (“PKN ORLEN”), Central Europe’s largest downstream oil company, hereby announces that today the Supervisory Board of PKN ORLEN unanimously has appointed Mr Igor Adam Chalupec to the position of President & CEO of the Management Board with effect from 1 October 2004.

Dismissal of Mr Walczykowski from the Management Board

Polski Koncern Naftowy ORLEN SA (“PKN ORLEN”), Central Europe’s largest downstream oil company, hereby announces that on August 16, 2004 the Supervisory Board of PKN ORLEN reviewed the manner of Mr Jacek Walczykowski’s appointment to the position of President of the Management Board of PKN ORLEN.

ORLEN's Increasing Value

In 2Q 2004, PKN ORLEN generated its highest ever quarterly net profit of PLN 668m (317.5 per cent higher than in 2Q 2003), calculated in accordance with International Financial Reporting Standards. PKN ORLEN’s cost cutting programme generated PLN 163m of operational cost savings in 2Q 2004, when combined with savings achieved in 1Q 2004 (PLN 143m), this is equivalent to 68 per cent of the total figure planned for the year. This performance shows that PKN ORLEN is on track to achieve its target of doubling shareholder value in 2006.

Extraordinary General Meeting of PKN ORLEN Shareholders

PKN ORLEN's today announced changes to the structure of its Supervisory Board following an Extraordinary Meeting of Shareholders (EGM). Moreover, shareholders also decided to introduce changes to the regulations of the general meeting and they gave their assent to the sale or lease of the residue disposal function oft he Waste and Utilization Department.

CIFAL Centre opened today in Plock

East European Training Centre for Local Authorities opened today in Plock

The Statement of the Supervisory Board of PKN ORLEN

PKN ORLEN informs that on June 29, 2004, the Supervisory Board of PKN ORLEN has released an announcement.

AGM of PKN ORLEN approved changes in the Articles of Association

The Meeting has approved amendments to PKN ORLEN’s Articles of Association conforming the document to the requirements of the Polish Code of Commercial Companies. Polish State Treasury has been agreed to hold privileged voting right until 30 June 2005.

AGM of PKN ORLEN to resume on 28 June 2004

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company ("ORLEN") announces that the Ordinary General Shareholder Meeting passed the resolution regarding calling an adjournment. The meeting will be continued on 28 June 2004 at 14:00 CET.

Changes in the compositions of Supervisory Board

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, announces that on 24th June 2004 the Polish State Treasury has appointed Mr Michal Stepniewski as a member of PKN ORLEN's Supervisory Board, replacing Mr Janusz Zielinski.