Changes in the PKN ORLEN Management Board

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, announces that the Supervisory Board of PKN ORLEN, acting on the basis of par. 8, section 11, subsection 1, of the PKN ORLEN Articles of Association, following its meeting on 15 March 2007, has dismissed at the request of the person concerned with effect from today, on a majority vote, Mr. Jan Maciejewicz from the position of Vice-President of the PKN ORLEN Management Board with responsibility for cost management. Also, following a motion from the President of the PKN ORLEN Management Board, the Supervisory Board has unanimously dismissed Mr. Cezary Smorszczewski from the position of Vice-President of the PKN ORLEN Management Board, Chief Investment Officer. The Supervisory Board expressed its thanks to the departing members for their cooperation.
Mr. Jan Maciejewicz held the position of Vice-President of PKN ORLEN Management Board from 1 December 2004, and Mr. Cezary Smorszczewski from 1 November 2004.

At the same time, following a motion from the President of the PKN ORLEN Management Board, the Supervisory Board has appointed Mr. Krystian Pater to the position of Member of the PKN ORLEN Management Board.

Mr. Krystian Pater, age 42, graduated in 1987 from the Faculty of Chemistry of Nicolaus Copernicus University in Torun. He graduated from post-diploma studies in chemical engineering at the Warsaw University of Technology, and then in fuel sector management as well as company value management, from the Warsaw School of Economics.
In 1993 he worked at Petrochemia Plock S.A., and then at PKN ORLEN where, since January 2005, he has held the position of Executive Director responsible for Refinery Production.
Since January 2005 he has represented PKN ORLEN on the Management Boards of: UNIPETROL Rafinerie, a.s.; CHEMOPETROL, a.s., and, since 14 December 2006, he has been a Member of the Management Board of Mazeikiu Nafta.
Between 1999-2005 he held the position of Member of the Supervisory Boards of: ORLEN Wir sp. z o.o., ORLEN Mechanika sp. z o.o., Rafineria Trzebinia SA. and, since 2006, he has been Chairman of the Supervisory Boards of: ORLEN Asfalt Sp. z o.o., ORLEN Eko Sp. z o.o. and PARAMO, a.s.
He is also a Member of the Management Board of CONCAWE (CONservation of Clean Air and Water in Europe).

Mr. Krystian Pater has declared that upon joining the Management Board of PKN ORLEN, he will not be involved in any activity that competes with PKN ORLEN; will not be a partner of any competing company; and will not be a member of any board of a competing incorporated company. Mr. Krystian Pater is not on the List of Insolvent Debtors kept on record on the National Court Register Act.

This announcement has been prepared pursuant to par. 5 section 1 subsection 21 and 22, and § 27 and § 28 of the Regulation of the Minister of Finance dated 19 October, 2005 on current and periodic information to be published by issuers of securities (Journal of Laws No. 209, item 1744).