Changes to the PKN ORLEN Supervisory Board

The EGM voted the composition of the new Supervisory Board at 8 seats. The Meeting approved candidates recommended by the State Treasury, namely Grzegorz Borowiec, Ryszard Stefanski, Piotr Wielowieyski and Maciej Mataczynski, the latter being appointed to the position of the Chairman. The Shareholders also approved the candidates Raimondo Eggink, recommended by OFE Commercial Union and Marek Karabula and Krzysztof Kolach, both recommended by Nafta Polska.

The newly appointed Supervisory Board consists of 6 Members who comply with the criteria of independence.

Maciej Mataczynski – law science doctor, legal adviser, specialist in commercial and European law. Graduated from the Faculty of Law of Adam Mickiewicz University, holding a scholarship of the Fulbright Commission at the Harvard Law School and T.M.C Assera Institute in Hague. From 2003 hired as a tutor at the European Law Professorship at the Faculty of Law of Adam Mickiewicz University in Poznan. From 2004 he has carried out the role of a legal advisor on civil law contracts, and recently also at the law office. Mr. Mataczynski is also an author of many law publications in Poland and abroad. From February to November 2006 Mr. Mataczynski was an independent Member of the PKN ORLEN Supervisory Board –as a Secretary and later as Chairman of the PKN ORLEN Supervisory Board. Mr. Mataczyński, as a Member of the PKN ORLEN Supervisory Board, was also Chairman of the Corporate Governance Committee, Member of the Audit Committee and Member of the Nomination and Remuneration Committee.

Grzegorz Borowiec – graduated from Gdynia Maritime University (Poland), Faculty of Navigation – 1987, National School of Public Administration - 1997, Master of Business Administration – Warsaw University/University of Illinois - 2002 r., Warsaw University, Faculty of Management (2002), nominee officer in the civil service. From 1987 – 1994 he worked as a mate for Polish and foreign ship owners in the trading fleet. From April 1997 to June 1998 he was a deputy Director of the Ministry of the State Treasury Office dealing with a free of charge grant of shares to the entitled employees. From 1998 – 2001 he worked as a General Director in the Energy Regulation Authority. From August 2001 he was the Director of Finance Department in Ministry of Finance. Member of the Supervisory Board of WSK “Rzeszów” (1998) and PKP SKM Fast City Railway in Treblecity of Gdansk, Gdynia, Sopot (from 2002). He graduated from domestic and foreign scholarships. He also graduated from many training courses with certificates, among others: Internal Auditor Certificate (2005), NATO security Certificate (NATO secret – 2002), Power Sector Reform – USAID, USA (1999) and training in projects management PRINCE2 (2006). From 12 December 2007 he was the General Director of the Ministry of the State Treasury.

Raimondo Eggink - Dutch citizen permanently residing in Poland. He graduated from the faculty of Theoretical Mathematics of the Jagiellonian University. Since 2002 he has been running his own business in the area of consultancy and training. He renders his services to financial institutions. He is a member of the Supervisory Board of the Warsaw Stock Exchange, Netia S.A., and HOOP S.A. He was a member of the Supervisory Boards in the following companies:

• Wilbo S.A.,
• Mostostal Plock S.A.,
• Swarzedz Meble S.A. (furniture company)
• Perla – Browary Lubelskie S.A. (a brewery)
• Stomil – Olsztyn SA. (a tire company)

Mr Eggink was a member of the Management Board, an investment director and lately the President of the Management Board of ABN Amro Asset Management (Poland) S.A. He started his career while working for the Warsaw division of ING Bank N.V. in 1995. He has been a certified investment advisor since 1995. In 2000 he was conferred a title of CFA (Chartered Financial Analyst) by the AMIR association. He has been a member of the Management Board of the Polish Association of Investment Professionals since 2004.

Marek Karabula - has obtained a Masters degree in economic studies. He graduated in 1996 from Management Faculty of Akademia Ekonomiczna in Cracow. Since 10 January 2008 he has been CEO of Nafta Polska S.A. In the period from December 2005 to January 2007 he was a member of the Management Board in Rafineria Trzebinia S.A.; from July 2006 to January 2007 he was a member of Management Board of ORLEN Oil Sp. z o.o.; from December 2004 to October 2005 he was Vice-president of the Management Board of Browary Polskie Brok-Strzelec S.A.; from October 2003 to September 2004 he was Vice-president of the Management Board of AUTOSAN S.A.; from December 2000 to January 2002 he was Vice-president of the Management Board of Browary Dolnośląskie Piast S.A.; from December 1994 to October 2000 he was Vice-president of the Management Board of Browary Okocim S.A. In 2005 he passed the exam for candidates for members of Supervisory Board in state-owned companies.

Krzysztof Kolach – in 1986 he obtained a Masters degree from the Agriculture Faculty at the Agriculture and Technical Academy, Bydgoszcz. In 1996 he completed a post-graduate pedagogical study in Bydgoszcz. His professional experience is related to state and local administration authorities. From 1994-1998 he was Governor of Plock voivodship; 1998 General Manager of Hetman Ltd., in Bedlno; fromj 1990-1994 and from 1998 until now, he has been Head of Bedlno Community. 1996 he completed the state exam required for members of Supervisory Boards of companies owned by State Treasury.

Ryszard Stefanski – graduated from the faculty of Economics and Foreign Trade Organisations at the Economic Academy in Poznan. Self-employed for the last seven years, providing consulting services for business; mainly in the areas of finance, strategy, investments and entering new markets. Completed a number of projects with energy sector companies, including state-owned companies, local authorities and state administration.

Piotr Jan Wielowieyski - Mr Piotr Jan Wielowieyski has obtained a Masters degree in economics at the Faculty of Economic Sciences of Warsaw University in 1978. He has held a number of executive positions in investment funds. He has also been:
2004-2007 Board member of Foksal NFI S.A. (public company);
2003-2004 President and Board member of Zachodni NFI S.A. (public company);
1998-2002 Board member and Investment Director of PBK Inwestycje S.A.;
1996-1998 Board member of Fidea Menagement Sp. z o.o. (Entity managing Foksal NFI S.A.);
1991-1996 worked at the World Bank (IFC) as a Corporate Finance Officer.
He completed studies for Investment advisor and broker analysts led by Centrum Prywatyzacji BiF in 1998. He passed the exam for candidates of the supervisory boards in companies with the State Treasury as a shareholder in 1999. So far he has held positions on the supervisory boards of 11 companies, 3 of them were public companies.