Letter from Chairman of the Supervisory Board

Dear Sir or Madam,

2009, difficult as it was for the entire economy, and in particular for the fuel industry, was for PKN ORLEN a year of consistent implementation of its long-term corporate development strategy and moving to a leader position in the Polish and European fuel sector.

Despite unfavourable macroeconomic factors, which in our sector resulted in major reduction of fuel margin and differential, PKN ORLEN managed to generate profit, reduce debt level and, most importantly, continue to develop.

The Company optimised a number of corporate procedures, in particular concerning expenditure and investment projects. Those optimisation measures were a particular concern of the Supervisory Board and a subject of our close cooperation with the Management Board. We are pleased to report, as a result of our efforts, PLN 2.3 billion in debt reduction and PLN 1.1 billion in profit.

Furthermore, 2009 was for PKN ORLEN a year of investment projects, according to its long-term development plans. The Company continued investment works in the PX/PTA facility in Włocławek and extension of the production plant in Płock. Moreover, we continued our development in the Upstream area, including in the energy sector. With a view to improving energy security, the Company signed a number of crude oil supply contracts and adopted a strategy for the development of its storage infrastructure. We also consequently implemented several investment and optimisation projects aimed at expanding and improving the effectiveness of our foreign assets – the Mažeikiu refinery and the Czech Unipetrol.

I would like to kindly thank all those who contributed to our success in the current harsh period: the Employees, the Management Board and Members of the Supervisory Board. But for your collective hard work, we would not have achieved such good results. 2009 was a difficult time for us all, but thanks to all the efforts we took, we are ready for the chances and opportunities that await us in the new year.

I am convinced that 2010 will be a year of even more intense development for PKN ORLEN. We will continue our measures aimed at optimising and economising our business, and I believe that improving economic conditions will open up new opportunities for ORLEN to profit from.

Maciej Mataczyński

Chairman of the Supervisory Board of PKN ORLEN SA