Changes in the Management Board of PKN ORLEN

Regulatory filing dated 7 March 2002
Changes in the Management Board of PKN ORLEN

Polski Koncern Naftowy ORLEN SA (“PKN ORLEN”), Central Europe’s largest downstream oil company, hereby announces that on March 7th, 2002 the Supervisory Board of PKN ORLEN dismissed:
Mr Czeslaw Bugaj, Production Director
Mr Wladyslaw Wawak, Technology & Development Director
Mr Wojciech Weiss, Employee & Restructuring Director from the Management Board of PKN ORLEN. The reasons of dismissal were not provided.

At the same time, on March 7th, 2002 the Supervisory Board of PKN ORLEN appointed Mr Janusz Wisniewski to the position of the Vice President of the Management Board.

The Supervisory Board of PKN ORLEN also appointed Mr Andrzej Ernest Macenowicz, a Board Member to the position of the Vice President of the Management Board.

In consequence, the composition of the Management Board of PKN ORLEN reduced from 7 to 5 members and consists of the following persons:

Zbigniew Wrobel - President & CEO of the Management Board;
Krzysztof Cetnar - Vice President & CFO of the Management Board;
Slawomir Golonka - Vice President of the Management Board;
Andrzej Ernest Macenowicz - Vice President of the Management Board;
Janusz Wisniewski - Vice President of the Management Board.

Curriculum Vitae - Janusz Wisniewski

Mr Wisniewski, age 44, graduated from the University of Lodz, Faculty of International Trade. He completed postgraduate studies at the University of Princetown, Stanford and Chicago. Between 1984-1999, he worked at Zaklady Azotowe “Tarnów” (Fertilisers Plant). In 1990-1993, he was Sales Director, and in 1993-1999, he held position of Vice President in Zaklady Azotowe “Tarnów”. Between 1999-2001, Mr Wisniewski was Vice President and then President of Zaklady Azotowe “Kedzierzyn” (Fertilisers Plant). He is fluent in English, Russian and Spanish. Additionally, the Supervisory Board of PKN ORLEN appointed Mr Jan Waga, Supervisory Board Member to the position of Vice Chairman of the Supervisory Board and Mr Grzegorz Mroczkowski, Supervisory Board Member to the position of the Secretary of the Supervisory Board of PKN ORLEN.