Change in the Supervisory Board of PKN ORLEN

Polski Koncern Naftowy ORLEN Spolka Akcyjna (“PKN ORLEN”), Central Europe's largest downstream oil company, hereby announces that on November 26th, 2001 it was informed that The Polish State Treasury, appointed Mr Slawomir Golonka to a member of the Supervisory Board of PKN ORLEN. The appointment was made according to the Company’s Statutes, under § 8, item 2, point 1.

Mr Golonka replaces Mr Andrzej Tuszynski.

Mr Slawomir Golonka was born on August 20th, 1955 in Tarnow. He was graduated from The Warsaw School of Planning and Statistics (currently The Warsaw School of Economics) at the Faculty of Foreign Trade. At the moment he holds the position of adviser in BRE Bank S.A. Previously he was the Vice President, Marketing and Sales Director in Polkomtel S.A., the operator of Plus GSM. In 1989-1996 he was the authorised manager and then Vice President of the Management Board in Brinkmann & Lendwehrmen Investment Banking, and then Management Focus, International Consulting Group. Mr Slawomir Golonka started his business career in 1980. Currently he is the Chairman of the Supervisory Board of NFI Jupiter S.A., and previously he was a member of supervisory board among others in Rafineria Gdanska S.A., CPN S.A., APC Metalchem. Mr Slawomir Golonka is not involved in any competitive activity towards PKN ORLEN. The number of PKN ORLEN’s Supervisory Board members remains unchanged and comprises of 9 persons.