PKN ORLEN Supervisory Board has appointed Company`s Management Board for the new term of office

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”, “Company”), announces that the Supervisory Board of PKN ORLEN, following its meeting on 24 March 2011, has appointed following persons to the Company’s Management Board:

• Mr. Dariusz Jacek Krawiec to the position of President of the Management Board,
• Mr. Slawomir Jedrzejczyk to the position of Vice-president of the Management Board,
• Mr. Krystian Pater to the position of Member of the Management Board,
• Ms. Grazyna Piotrowska – Oliwa to the position of Member of the Management Board,
• Mr. Marek Serafin to the position of Member of the Management Board,

for the common three year term of office, starting from the day coming after the day of termination of the current common term of office of the Company’s Management Board, i.e. after the day of the Ordinary Shareholders Meeting that will approve financial statement for 2010. Ms. Grazyna Piotrowska – Oliwa was appointed for  Minister of State Treasury request, under Par. 9.1.3 of PKN ORLEN Articles of Association. Mr. Dariusz Jacek Krawiec, Mr. Slawomir Jedrzejczyk, Mr. Krystian Pater and Mr. Marek Serafin fulfill the positions of Members of PKN ORLEN Management Board in the current term of office.

Mr. Dariusz Jacek Krawiec

Graduate of Poznan University of Economics

In the years 1992-1997, he worked for Bank PEKAO S.A., Ernst & Young S.A. and PriceWaterhouse Sp. z o.o. In 1998, he was with the UK branch of Japanese investment bank Nomura plc headquartered in London, where he was responsible for the Polish market. From 1998 to 2002, he served as President of the Management Board and CEO of Impexmetal S.A.. In 2002, he became President of the Management Board of Elektrim S.A.. From 2003 to 2004, he was managing director for Sindicatum Ltd London. From 2006 to 2008, he served as President of the Management Board of Action S.A..

He has a wealth of experience working on corporate supervisory bodies. He has chaired the supervisory boards of Huta Aluminium Konin S.A., Metalexfrance S.A. of Paris, S and I S.A. of Lausanne, cemarket.com S.A.. He has been member of the supervisory boards of Impexmetal S.A., Elektrim S.A., PTC Sp. z o.o., Elektrim Telekomunikacja Sp. z o.o., Elektrim Magadex S.A., Elektrim Volt S.A. and PTE AIG.

From 7 June to 17 September 2008, he acted as Vice-President of the Management Board of PKN ORLEN and - on September 18th 2008 - was appointed President of the Management Board and CEO of the Company.

Currently, he serves as Chairman of the Supervisory Board of Unipetrol a.s. and Member of the Supervisory Board of Polkomtel S.A..

Mr. Slawomir Jedrzejczyk

He is a graduate of the Lodz University of Technology. In 1997, he completed The Association of Chartered Certified Accountants in London, from which he obtained the title of British Certified Auditor.

In the years 1992-1997, he worked for Telebud, ASEA Brown Boveri and PriceWaterhouse Sp. z o.o. From 1997 to 2002, he served as Member of the Management Board, CFO of Impexmetal S.A.. In 2002-2003, he held the position of CFO at ORFE S.A. and Member of the Management Board of Cefarm Slaski S.A.. In the following years (2003-2005), he headed the Controlling Division at the Telekomunikacja Polska Group. From 2005 to June 2008, he served as President of the Management Board, CEO of TPEmiTel Sp. z o.o. (member company of the Telekomunikacja Polska Group). He has been chairman and member of the supervisory boards of the Group companies in Poland, Europe, Singapore and US.

From 7 June to 17 September 2008, he acted as Member of the Management Board of PKN ORLEN, and on 18 September 2008 he became Vice-President of PKN ORLEN’s Management Board, Chief Financial Officer.

Currently, he serves as Deputy Chairman of the Supervisory Board of Unipetrol a.s., as Member of the Supervisory Board of Polkomtel S.A., as well as Member of the Management Board of AB ORLEN Lietuva.

Mr. Krystian Pater

He is a graduate of the Nicolaus Copernicus University in Torun, Faculty of Chemistry. Additionally, he has completed post-graduate courses in “Chemical Engineering and Equipment” at the Warsaw University of Technology (1989), “Management and Marketing” at the Pawel Wlodkowic University College in Plock (1997), “Petroleum Sector Management” (1998) and “Enterprise Value Management” (2001-2002) at the Warsaw School of Economics.

In 1993, he started working for Petrochemia Plock S.A. and, later on, for PKN ORLEN, where from 2005 to 2007 he served as Executive Director responsible for Refining Production.

On March 15th 2007, he was appointed Member of the Management Board of PKN ORLEN for the previous term of office. From 7 June 2008 he acts as Member of the Company’s Management Board for the current term of office.

Currently he is Member of the Management Board of AB ORLEN Lietuva and Member of the Supervisory Board of Unipetrol a.s. Additionally, he serves as Vice-President of the Management Board of SITPNiG, Member of the Management Board of EUROPIA and CONCAWE and Chairman of the Association of Oil Industry Workers in Plock.

Ms. Grazyna Piotrowska-Oliwa

She graduated from the Academy of Music in Katowice (1993), The National School of Public Administration in Warsaw (1997) and MBA studies at INSEAD (2005).
Moreover she finished, among others, strategic planning course (Queens University, Canada - 1996), training for candidates for supervisory board members in State Treasury ownership companies (1997), course for investment advisors (Privatization Center – 1998), macroeconomic and financial courses (London School of Economics – 1999).
In years 1997-2001 she worked at the State Treasury as a Head of Capital Funds Department, then as a Head of Strategic Companies and Financial Institution Department.
She was a Director of Department of Cooperation with the Regulator (2001-2006) and also Executive Director of Strategy, Development and Wholesale Offer (2006-2007) at Telekomunikacja Polska S.A. She was also the General Director, CEO at PTK CENTERTEL Sp. z o.o., TP S.A. Group (from March 2007 to September 2009). She is a Vice President of Employers of Poland since April 2007. From November 2010 she is an advisor in private equity sector.
Grazyna Piotrowska-Oliwa was a member of supervisory boards of, among others, Fundusz Gornoslaski S.A. in Katowice, The National Depositary of Securities.
She is a Member of the Supervisory Board of PZU S.A. since January 2010. From September 2010 she is a Member of the Supervisory Board of ABC DATA S.A.

Mr. Marek Serafin

He is a graduate of the Poznan University of Technology, Faculty of Civil Engineering. Additionally, he holds an MBA diploma from the London Business School of the Warsaw University of Technology.

From 1994 to 1998, he was with Arthur Andersen, where he held the job of Consultant – Experienced Senior. Next, from 1998 to 1999, he was Operating Planning Director at Kompania Piwowarska S.A. In 1999-2002, he worked for the Impexmetal Group, first as Operating Director at Huta Aluminium Konin S.A. and later as President of the Management Board, CEO of Huta Zawiercie S.A. From 2002, he worked as General Manager of the ArcelorMittal Group and, concurrently, as President of the Management Board of Huta Warszawa and President of the Management Board of Silscrap Sp. z o.o.

From 7 June 2008 he is Member of the Management Board of PKN ORLEN.

Currently, he serves as Chairman of the Supervisory Boards of ANWIL S.A. and Basell Orlen Polyolefins Sp. z o.o. and Vice-President of the Management Board of Unipetrol a.s.

All of the newly elected members of the PKN ORLEN Management Board have declared that upon joining the Management Board of PKN ORLEN they 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 members of any board of a competing incorporated company. All of the newly elected members of the PKN ORLEN Management Board are not on the List of Insolvent Debtors kept on record on the National Court Register Act.