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.
Following this review, the Supervisory Board unanimously adopted resolutions to dismiss Mr Jacek Walczykowski from the position of President of the Management Board of PKN ORLEN and General Director, and appoint Mr Janusz Wisniewski, Vice President of the Management Board of PKN ORLEN, to act as temporary chairperson of the Management Board until a new President is appointed, according to the procedure agreed by the Supervisory Board.
The Supervisory Board agreed that the appointment of the new President would be made in consultation with the same personnel advisor as previously envisaged.
