Changes in 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 30 July 2007, has dismissed by a majority vote, following a motion from the President of the PKN ORLEN Management Board, Mr. Pawel Szymanski from the position of Vice-President of the PKN ORLEN Management Board and Chief Financial Officer.
Mr. Pawel Szymanski has held the position of Member of the PKN ORLEN Management Board from 18 October 2004, and the position of Vice-President of the PKN ORLEN Management Board since 19 April 2007.

At the same time, following a motion from the President of the PKN ORLEN Management Board, the Supervisory Board has appointed Mr. Dariusz Formela to the position of Member of the PKN ORLEN Management Board effective from today.
Mr. Dariusz Formela, age 33, is a graduate of the Faculty of Law and Administration at Gdansk University. He gained an MBA from the University of Bradford and from The Leon Kozminski Academy of Entrepreneurship and Management. He graduated from Studies for Investment Advisors and Securities Analysts, organized by the Business Development Institute, Post-diploma Studies in Company Value Management at the Warsaw School of Economics, Post-Diploma Management Studies The Twentieth Edition at the Warsaw School of Economics, Finance Studies at the Gdansk Foundation of Managers Education. He was also a foreign intern in health insurance at the French Mutual Insurance Federation in Paris – Auxerre.
Mr. Dariusz Formela is a graduate of many training courses including: training for Supervisory Board members of State Treasury companies (State examination), training in Change management in the processes of mergers and acquisitions, organized by the Institute for International Research, and training in European economic law, organized by Confederation of Polish Employers.
Mr. Dariusz Formela in the period of June – September 1998 was a logistics specialist at the Press-Printing Centre in Gdansk.
In the period of October 1998 – December 2005 he worked at PKN ORLEN in the position of organization and law specialist, organization department manager, deputy director of social issues, deputy director of organization, restructuring and management systems director, and director of the organization and restructuring department.
Since January 2006 he has held the position of organization executive director at PKN ORLEN.
In the period 2000 – 2006 he has held the positions of:
- Chairman of the supervisory boards of ORLEN Transport Kedzierzyn Kozle sp. z o.o., ORLEN Ochrona sp. z o.o., ORLEN Laboratorium sp. z o.o., ORLEN Prewencja sp. z o.o., ORLEN Administracja sp. z o.o.;
- Vice chairman of the supervisory board of ORLEN Ksiegowosc sp. z o.o.;
- Member of the supervisory boards of KAUCUK, a.s. i SPOLANA, a.s. (UNIPETROL a.s. Group), Transport Poznan sp. z o.o. and ORLEN Upstream sp. z o.o.;
Currently he holds the position of:
- Member of the Management Board of AB Mazeikiu Nafta;
- Chairman of the Supervisory Board of Wisla Płock S.A. and Plocki Parku Przemyslowo-Technologiczny S.A.
- Member of the Supervisory Board of UNIPETROL, a.s. and Chairman of the Supervisory Board Corporate Governance Committee of that company;
- Member of the Founders Council - Grant Fund for Plock
- Member of the Ethics Team at PKN ORLEN;
- PKN ORLEN representative in Mazowieckie Voivodeship Development Forum.

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

See also: regulatory announcement no 81/2004 dated 19 October 2004.