New President of PKN ORLEN S.A.

On 28 July 2004 Mr. Zbigniew Wrobel resigned from position of the President (member) of the Management Board of Polski Koncern Naftowy ORLEN Spolka Akcyjna. The resignation of Mr Wrobel is effective from the moment of appointment by the Supervisory Board of Polski Koncern Naftowy ORLEN S.A. of the new President of the Management Board of the Company.

Today, Supervisory Board of Polski Koncern Naftowy ORLEN S.A. adopted resolution on appointment of Mr. Jacek Walczykowski for the position of President (member) Management Board of Polski Koncern Naftowy ORLEN S.A. Today Mr. Jacek Walczykowski resigned from the position of Vice-Chairman and member of the Supervisory Board PKN ORLEN S.A. and Vice-President and member of the Management Board of Nafta Polska S.A.

Mr. Jacek Walczykowski, 50 years old, up-to-date Vice-President of the Management Board of Nafta Polska S.A., graduated from Warsaw University, Faculty of Law and Administration in 1978. Mr. Jacek Walczykowski, completed post-graduate study in Industrial Property Protection at the Adam Mickiewicz University in Poznan, Faculty of Law and Administration (1981). He also passed the judical (1984) and counsellor (1985) legal training exam.

The professional carrier of Mr. Jacek Walczykowski was as follows:

March - July 2004
Nafta Polska S.A., Vice-President of the Management Board
1979-2002
Legal advisor - Elektrim S.A.
Supervisory Board Secretary - Elektrim S.A.
Vice-President of the Management Board of Elektrim S.A.
1987 -1999
Legal advisor's law office,
President of the Management Board of Carcom Warszawa Sp. z o.o.
President of the Management Board of Elektrim - Telekomunikacja Sp. z o.o.
Mr. Jacek Walczykowski was member of the supervisory boards of the following companies:

2000 - 2002
Polska Telefonia Cyfrowa GSM Sp. z o.o.
Gielda Energii S.A.
Dom Maklerski Penetrator S.A.
1993 - 2002
Zespol Elektrowni PAK S.A. in Koninie
Mostostal Warszawa S.A.
Elektrim -Telekomunikacja Sp. z o.o.
El-Net S.A
Bydgoska Fabryka Kabli in Bydgoszcz
Elektrim Kable S.A
October 2003 - March 2004
Tele-Fonika S.A. in Myślenice.
April - July 2004
Naftobazy Sp. z o.o.
April - July 2004
PKN Orlen S.A.
Since 2000, up-to-date, Mr. Jacek Walczykowski is Vice-President and arbitrator of the Arbitration Court at the National Chamber of Commerce in Warsaw.

Mr. Jacek Walczykowski is not involved in any activity competitive with activity of PKN ORLEN S.A. and is not partner in any competitive partnership or company. Mr. Jacek Walczykowski is not a member of any board of any competitive capital company.

Mr. Jacek Walczykowski is not recorded in the register of the Insolvent Debtors kept on the basis of the Act on National Court's Register