PKN ORLEN Management Board recommendation for the General Meeting regarding the decision to abandon the dividend payout for the year 2009

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN") hereby informs that it decided to recommend to the General Meeting of adoption of resolution on distribution the whole net profit for 2009 for reserve capital.

The Management Board decision is consistent with Dividend Policy of PKN ORLEN, which is based on identifying recommended level of dividend in relation to free cash flows for shareholders after realization of investment budget and optimization of capital structure („Free Cash Flow to Equity” – FCFE).

Despite good results achieved by PKN ORLEN in 2009, optimization of capital structure specified in the Dividend Policy remains the Management Board priority. PKN ORLEN will be continuing the operations aiming at debt reduction according to accepted strategy.