Mr. Waldemar Maj has been appointed to 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, during its meeting held on 23 August 2007, and following a motion from the President of the PKN ORLEN Management Board, has unanimously appointed Mr. Waldemar Maj to the position of Vice-President of the PKN ORLEN Management Board effective from 3 September 2007.

Mr. Waldemar Maj, age 51, is a graduate of the Faculty of Technical Physics and Applied Mathematics at Warsaw University of Technology. In 1989 he received a degree of doctor at the Institute of Physics of the Polish Academy of Sciences, and between 1994-1996 he gained a Master in Business Administration (MBA), specialization in finance, at the Harvard University, Graduate School of Business Administration, Boston, USA.

Professional experience of Mr. Waldemar Maj:
1981 – 1991 Tutor (from April 1991), Assistant at the Institute of Physics of the Polish Academy of Sciences (Polska Akademia Nauk),
1990 – 1991 Postdoctoral Fellow in Kamerling Onnes Laboratory, Leiden, Netherlands
1991 – 1994 Advisor of Minister at the Ministry of Finance,
1992 – 1994 President of the Management Board of the Foundation for Financial System Development,
1993 – 1994 Chairman of the Bank Gdanski SA Supervisory Board
1995 (summer) Corporate Finance Summer Associate in the Union Bank of Switzerland, Zurich, Switzerland,
August 1996 – October 2000 Senior Investment Officer (Oil, Gas and Mining Department) in the International Finance Corporation (a member of the World Bank Group), Washington, USA,
November 2000 – June 2002 Senior Associate in McKinsey & Company, Warsaw, Poland,
July 2002 – April 2004 President of the Management Board (from June 2003), Member of the Management Board of DZ Bank Polska S.A., Warsaw
From April 2005 Vice-President of the Bank Gospodarki Zywnosciowej SA.

Mr. Waldemar Maj 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. Waldemar Maj is not on the List of Insolvent Debtors kept on record on the National Court Register Act.