13.02.2009

New CEO of Unipetrol

During today’s meeting of the supervisory board of UNIPETROL, a.s. (“SB”) Mr. Francois Vleugels resigned from the position of Chairman of the Board and CEO of Unipetrol, with immediate effect. SB has elected Mr. Krzysztof Urbanowicz, as the new Chairman of the Board of Directors and CEO of Unipetrol,a.s. with immediate effect.

- I would like to thank Mr. Francois Vleugels for his achievements at Unipetrol over the last three years. The Unipetrol group underwent great change under his management. We are convinced that the new global economic and financial situation requires a new approach and skill set and therefore we have appointed Mr. Krzysztof Urbanowicz as our new CEO and Chairman of the Board. Mr. Urbanowicz was selected by an external executive search agency as the best manager with a lot of experience in restructuring and developing companies. So his main task will be to lead Unipetrol through the turbulent times in order to capture the growth once the expected economic recovery arrives - said Mr. Jacek Krawiec, Chairman of the Supervisory Board of Unipetrol and President of the Management Board and CEO of PKN Orlen.

PROFESSIONAL CAREER OF MR. KRZYSZTOF URBANOWICZ:

1993-1996 Shell Gas Poland,
Country Commercial Manager

1997 – 1999 Shell International Petroleum Company, London
Senior management consultant, responsible for M&A projects, portfolio restructuring, new market entries and new brand development in countries such as China, India, Brazil, Hong Kong, Argentina and Chile.

1999 - 2001 Volvo Auto Poland,
President and Managing Director

2001 -2003 PZU SA Warsaw (Leading Polish insurance company - 65% market share)
Managing Director for Claims, managing 3,500 people, volume of claims 1 billion USD

2003-2007 URSA (Major European manufacturer of insulation materials)
Managing Director for Central and Eastern Europe, responsible for 11 countries including Czech Republic and Slovakia.

2007- present Private business, consulting

EDUCATION AND TRAINING:

1992 Warsaw University of Technology
Masters of Science in Civil Engineering

1993 MBA, Warsaw University of Technology
School of Business Conducted by London Business School, HEC School of Management from Paris, Norges Handelhoyskole from Bergen and Warsaw University of Technology. 1994 University of Warsaw MA in Management and Marketing

1994 MBA, University of Illinois at Urbana Champaign

2002 INSEAD
Executive Management Programme

2004-2005 St. Gallen University
Executive Management Programme

HOBBIES:
Climbing, air ballooning, sailing and scuba diving.