Statement - Corporate Governance

According to the Resolution of the Supervisory Board of the Warsaw Stock Exchange (WSE) no 68/962/2002 dated 20 November 2002 changing the resolution of the Supervisory Board of the WSE no58/952/2002 dated 16 October 2002, Polski Koncern Naftowy ORLEN S.A. ("the Company"), Central Europe's largest downstream oil company, confirms that the Management Board of the Company will implement and comply with the Corporate Governance Rules, which are stated in paragraph 22a, point 1 of the Constitution of the WSE, respecting market expectations, including the Company's and shareholders' business. Detailed information regarding the implementation of the rules in the Company will be published in the Company's statement prepared in accordance with paragraph 22a, point 2 in the Constitution of the WSE.

The Management Board of the Company informs that it has currently started work on the final Company statement with reference to the Corporate Governance Rules, with which Company will comply.

About PKN ORLEN SA

PKN ORLEN S.A. is one of the largest companies in Central & Eastern Europe, with listings on the Warsaw and London Stock Exchanges, and trading on the OTC market in the U.S.A. It is Poland's largest refiner of crude oil and marketer of world-class petroleum and related products. It has a substantial wholesale and retail distribution system that includes the largest network of service stations in Poland. It also has significant financial investments in the telecommunications sector in Poland.