Changes to the PKN ORLEN Supervisory Board

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company announces that the Ordinary General Meeting of Shareholders on June 27, 2006 dismissed Mr. Andrzej Olechowski from the Supervisory Board of PKN ORLEN.

At the same time the Ordinary General Meeting of Shareholders appointed Mr. Maciej Mataczynski, a current Member of the PKN ORLEN Supervisory Board, to the position of Chairman of the Supervisory Board of PKN ORLEN and to the Supervisory Board, and Mr. Ryszard Sowinski and Mr. Wieslaw Rozlucki to the position of independent Members of the Supervisory Board of PKN ORLEN.

Mr. Ryszard Sowinski – law science doctor, graduated from the Faculty of Law and Administration at Adam Mickiewicz University in Poznan, where he holds the position of lecturer. He lectures on tax law and corporate finance at Adam Mickiewicz University, at the Poznan School of Banking, and at the School of Management and Banking. He is an expert at the Sobieski Institute. Mr. Sowinski specializes in issues connected with fuel taxation. He is an author of many publications in the specialist press.

Mr. Wieslaw Rozlucki: 1965 -1970 - Warsaw School of Economics (previously Central School of Planning and Statistics); Foreign Trade Faculty; Master of Economics, 1970 – 1973 Doctorate in Geographical Economics; 1979 – 1980 awarded a British Council Scholarship to the London School of Economics. 1973 – 1979 Research Employee in the Institute of Geography and Spatial Organisation in the Polish Academy of Science; 1973 – 1978 assistant; 1978 – 1989 Senior Lecturer in the Institute of Geography and Spatial Organisation in the Polish Academy of Science; 1984 – 1990 Secretary of the Polish Committee of the International Geographical Union. 1990 – advisor to the Minister of Finance in the Office of the Government Proxy for Privatizations. 1990 – 1991 Director of Capital Markets Department in the Ministry of Privatization, 1991 – to now President of the Management Board of Warsaw Stock Exchange. 1991 – 1993 Advisor to the Minister of Privatisation; 1991 – 1994 Member of the Polish Securities and Exchange Commission; 1993 – 1995 Member of the Board for Economic Development of the President of the Polish Republic; 1991 - 1994 Member of the Supervisory Board of the Gliwce Karbon Company; 1990 - 1998 Member of the Supervisory Board of the Financial-Banking Center; 2001 - 2003 Member of the Supervisory Board of the Stock Exchange Center; 2001 - 2002 Member of the Supervisory Board of XTrade . From 1994 to now - Member of the Supervisory Board of the Polish National Depository for Securities and, from 2001, President of the Supervisory Board.

The newly elected members of the Supervisory Board are not involved in any activity in competition with PKN ORLEN and are not partners of any competing company. They are not members of any Board of a competing capital company and are not on the list of insolvent debtors kept on record in the National Court Register Act.