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 on 24th June 2004 the Polish State Treasury has appointed Mr Michal Stepniewski as a member of PKN ORLEN’s Supervisory Board, replacing Mr Janusz Zielinski. The decision was taken under the provisions of PKN ORLEN’s Articles of Association (§ 8, item 2 point 1). Mr. Michal Stepniewski, aged 30, graduated from the Law and Administration Faculty of Warsaw University and has been a qualified Legal Advisor since June 2002. He completed his post-graduate studies of English Law at Cambridge University.

Experience:
• May 2004 – present – Advisor to the Polish State Treasury Ministry
• 2000 – present – Lecturer at the Finance and Management High School, Warsaw
• 1997 – 2004 - Security and Exchange Commission, including the position of SEC Spokesman

Mr Michal Stepniewski 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.