Changes in PKN ORLEN Supervisory Board

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company, announces that at the Ordinary General Meeting of Shareholders on June 29, 2005 the following members were appointed to the Supervisory Board:

1. Adam Sek
2. Andrzej Olechowski

Adam Sek is currently President and CEO of Nafta Polska – the Polish Oil Company.
Prior to his nomination, Ambassador Adam Sek was Chief of the Polish Special Mission to Iraq with a distinguished placement in the Council of International Coordination (CIC) and the role of facilitating Iraq’s reconstruction. Prior to arriving in Baghdad last April, he was Senior Economic Advisor to the Regional Coordinator of the Coalition Provisional Authority South Central in Hilla, contributing to the economic recovery of the region.

From 1998, Mr. Sek was the Director of Privatization for Nafta Polska S.A. In 2001, Mr. Sek was elected to the Management Board of Directors.

Prior to 1998, Mr. Sek gained extensive experience of international affairs spanning the world, including the Middle East. In 1982, he spent six years in Sudan heading the Foreign Representative Office of PEZETEL, Poland’s State owned Aviation Company. From 1996 to 1998, Mr. Sek was Regional Director of the Polish Agency for Foreign Investment.

Past and present membership of Supervisory Boards include: LOTOS S.A., Dyrekcja Eksploatacji Cystern Sp. z o.o., Rafineria Jaslo S.A., Rafineria Glimar S.A.

In 1974 he graduated from the Warsaw School of Economics, International Trade Faculty.

Mr Andrzej Olechowski, born in Krakow (1947).
Member of Supervisory Boards of: Bank Handlowy, Euronet, Europejski Fundusz Hipoteczny, Vivendi Universal. Member of the Advisory Committees: Citigroup Europe, Textron.

Former Finance Minister (1992), former Foreign Affairs Minister (1993-95). Candidate in the 2000 Presidential election in Poland. Co-founder of the Platforma Obywatelska Party.

Other posts:

Public sector: member of the board of the Trilateral Commission and participant in initiatives including: Międzynarodowego Centrum Rozwoju Demokracji, Centrum Promocji Kobiet, Instytutu Studiów Wschodnich, Klubu Wschodniego, Stowarzyszenia Euro-Atlantyckiego, Fundacji Stefana Batorego, Katedra Polska w Uniwersytecie Jerozolimskim, HEPAR, Instytutu Spraw Publicznych, Dyplomacji Publicznej PISM.

Teaching activity: lecturer at the Jagielloński University, Colegium Civitas and Computers Science High School.

Former posts:

Public sector: economic advisor to president Lech Wałęsa (1992-93 iand1995); senior advisor in EBRD (1992-93); Secretary of State in Ministry for Foreign Economic Cooperation (1991-92); First Deputy of President of the Polish National Bank (1989-91); economist in World Bank (Washington, 1985-87) i UNCTAD (Geneve, 1982-84).

Private Sector: memberships or presidencies of the Supervisory Boards of: EXBUD, Philips Lighting Polska, Bank Rolno-Przemysłowy, Bank Turystyki (Bank Wschodnio-Europejski), Czytelnik, LOT, Polish-American Enterprise Fund, ABB Polska, Atlantis, PGF, Central Europe Trust Polska, PKO/Handlowy PTE. Member of the Advisory Committees: Goldman Sachs, Creditanstalt, Banca Nazionale del Lavoro, International Finance Corporation, The Newmarket.

Scientific and teaching activity: PhD in economics (SGPiS, 1979), team manager in Price Conditions Institute (Instytucie Koniunktur Cen) (1978-82), lecturer at Catholic Theology Academy (Akademia Teologii Katolickiej) in Warsaw, author of a number of publications dedicated to international trade and foreign politics.