PKN ORLEN's development strategy

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, announces that the Supervisory Board of PKN ORLEN approved the corporate development strategy presented by the Management Board at yesterday's Board meeting. This strategy assumes an increase in PKN ORLEN's economic value, which is in line with the corporate Value Based Management Program, and the base foundation for consolidation process in the Central European Oil Sector as well as establishment of a vertically integrated, regional oil company with the potential to strengthen its position in the region.