Change in the Supervisory Board of PKN ORLEN

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, announces that it has today received a note informing the company that on 25th March 2003 the Polish State Treasury dismissed Mr Grzegorz Mroczkowski from his position on the Supervisory Board of PKN ORLEN. At the same time the State Treasury appointed Mr Jacek Bartkiewicz to the position of a member of the Supervisory Board of PKN ORLEN. The decision was taken under the provisions of the Articles of Association of PKN ORLEN (§ 8, item 1). The Supervisory Board now consists of eight members.

Mr Jacek Bartkiewicz, 48, graduated from the Faculty of Economics of the Warsaw School of Economics (SGH). He has a PhD degree in Economic Sciences from the School of Social Sciences. Between 1990-1994 he held the position of director at the Warsaw office of Bank Slaski, and later became a director of the Warsaw Region of Bank Slaski. In 1996-1997 Mr Bartkiewicz held the post of Board Member of Bank Slaski. In 1997 he was entrusted with the post of Vice-President of Bank Slaski, which he held until 2001. Before he was appointed to the post of the CEO at Bank Gospodarki Zywnosciowej in September 2002 he had been the Under-secretary of State at the Ministry of Finance where he was responsible for the national economy, regional policy and agriculture.

Other posts held by Mr Bartkiewicz:

1999-2001 - Chairman of the Supervisory Board of BSK Brokerage House;
2000-2001 - Board member of the Polish Banks Association;
2000-2001 - Vice-Chairman of the Supervisory Board of Silesia Mortgage Bank;
2001-2002 - Vice-Chairman of the Insurance Pension Fund Supervisory Commission
2001-2002 - Vice-Chairman of the Banking Supervision Commission.

Currently Mr Jacek Bartkiewicz serves as the CEO at Bank Gospodarki Zywnosciowej.

The newly elected member of the Supervisory Board is not involved in any activity competing with PKN ORLEN and is not a partner in any competing company. He is not a member of any board of a competing capital company and is not on the list of insolvent debtors kept on the record on the National Court Register Act.