Supervisory Board's approval of the Economic Plan for 2002

Regulatory filing dated 13 February 2002

Polski Koncern Naftowy ORLEN SA (“PKN ORLEN”), Central Europe’s largest downstream oil company, hereby announces that the Supervisory Board of PKN ORLEN, which met today, has passed a resolution approving the company’s Economic and Technical Plan for 2002. The Supervisory Board has also accepted the Hay Group’s incentive-based remuneration system.

After a presentation made by the Management Board and having studied documents and materials regarding the planned establishment of a joint venture, the Supervisory Board also gave its approval to the formation of a joint venture with Basell Europe Holdings B.V., in the form of a commercial code company. The Supervisory Board also gave its assent to the contribution by PKN ORLEN of property / real estate as part of its share in this joint venture.

The Supervisory Board has also passed resolutions regarding the sale of company property and self-operating entities. Resolutions regarding the formation of the joint venture and the sale of property will be finally approved by the Extraordinary General Meeting of Shareholders on 21st February 2002. Further Management Board changes were not discussed