Changes in the PKN ORLEN Supervisory Board

The Management Board of PKN ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, hereby announces that Extraordinary General Meeting of Shareholders, held on October 14th , 2005, has appointed Mr Krzysztof Obloj to the position of PKN ORLEN Supervisory Board with effect from October 14th, 2005.

Mr Krzysztof Obloj, born in 1954, graduaded from Warsaw School of Economics, , theory of organisation and management doctor at Warsaw University, strategic management reader at Warsaw University and also theory of organization and management professor at Warsaw University.
From 1977 Mr Obloj works at Warsaw University. He is a director of Executive MBA Programme in International Center of Management on Management Faculty at Warsaw University. In 1989 – 1994 he held the position of Vicepresident in International School of Management. In 1976 – 1977 he worked in ORGMASZ.
Prof. Krzysztof Obloj participated in many scholarships and trainings, among others in: University of Illinois at Urbana Champaign, Graduate School of Business, Oslo and Bodo, Bled International Management Development Center.
Prof. Krzysztof Obloj is a member of Supervisory Boards of following companies: Polmos Lublin S.A. as a Vice Chairman, from 2001, Prochem S.A. from 2002, NFI Foksal from 2004, Impel S.A. as a Chairman from 2004.
He is a member of scientific councils of professional magazines: Management International Review (1994 – 2005), Journal of World Business (1997 – 1999), International Human Resource Journal (from 1997) and Organization Review.
He is an organizational advisor to many foreign and Polish companies in the field of strategy, organizational culture and structure: Goodyear Group Poland, GlaxoSmithline, Bank Pocztowy S.A., Mennica Państwowa S.A., EuroZet S.A., ABB, Benckiser, Corporate Profiles, SAP, Agora S.A., Centrozap S.A., Próchnik S.A.
Prof. Krzysztof Obloj is an autor of many publications, monographs and textbooks.

Newly elected member of the Supervisory Board is not involved in any activity competitive with PKN ORLEN and is not a partner of any competitive company. He is not member of any board of a competitive capital company and is not on the list of insolvent debtors kept on record on the National Court Register Act.

(see also: regulatory announcement no 58/2005 dated September 7th, 2005 roku)

Zarząd PKN ORLEN S.A.