Michal Stepniewski resigns from the position of PKN ORLEN Supervisory Board member

Regulatory announcement No 70/2005 dated 15 November 2005.

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company, announces that on 15th November 2005 it received a note informing it that on 14th November 2005 Mr Michal Stepniewski resigned from his position as a member of the Supervisory Board of PKN ORLEN. The resignation follows his appointment to the position of Undersecretary of State in the Ministry of Treasury.

Mr. Michal Stepniewski was appointed to the Supervisory Bard of PKN ORLEN on 24th June 2004. He was a member of the Strategy and Development Committee and also Appointments and Remunerations Committee. From 12th April to 7th July 2005 he held an office of the Chairman of the Supervisory Board.