Mandates of the Management Board Members expired

The Management Board of PKN ORLEN SA (“PKN ORLEN”), Central Europe’s largest downstream oil company, hereby announces that on 29 June 2005, the day of the Ordinary General Meeting of Shareholders, in accordance with the fact that the 3-year term of office of the Management Board of PKN ORLEN has finished, the mandates of all members of the Management Board of the company have expired.
In accordance with the abovementioned expiry the Supervisory Board will appoint, at a meeting on 30 June 2005, the members of the Management Board of PKN ORLEN for a new 3-year term of office.