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 base of par. 8 section 11 subsection 1 of the PKN ORLEN Articles of Association, following its meeting on 18 January 2007, has dismissed, with the majority of its votes, Mr. Igor Chalupec from the position of the President and Chief Executive Officer of the PKN ORLEN Management Board with effect from 18 January 2007. Mr. Igor Chalupec has held position of the President and Chief Executive Officer of the PKN ORLEN Management Board from 1 October 2004.

At the same time the Supervisory Board of PKN ORLEN has appointed Mr. Piotr Kownacki, up until today the Vice President responsible for Audit and Regulations of PKN ORLEN Management Board, to the position of the President and Chief Executive Officer of the PKN ORLEN Management Board. Mr. Piotr Kownacki has held the position of the Vice President of PKN ORLEN Management Board from 23 October 2006.

See also: regulatory announcement no 63/2006 dated 17 October 2007.

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).