Corporate governance rules applied by PKN ORLEN

The full text of the Corporate Governance Compliance Statement of PKN ORLEN S.A. is available at www.orlen.pl, in the Investor Relations section, under WSE best practice .

In 2014, PKN ORLEN followed the Code of Best Practice for WSE Listed Companies (‘Code of Best Practice’) effective on the Warsaw Stock Exchange. The Code of Best Practice is available on the website devoted to corporate governance at the Warsaw Stock Exchange, at www.corp-gov.gpw.pl, and on PKN ORLEN’s corporate website, at www.orlen.pl, in the Investor Relations section, under WSE best practice.

The Company currently does not follow the rule included in Section IV.10 of the Code of Best Practice, whereby companies are required to enable the shareholders to participate in General Meetings using electronic communication means through real-life broadcasts of General Meetings and real-time bilateral communication. On May 16th 2013, the Company reported on its non-compliance with the rule using the EBI system (Current Report No. 1 CG/2013). The non-compliance does not affect the reliability of the Company’s information policy, nor does it give rise to the risk of limiting or hindering shareholders’ participation in General Meetings. The Company does not exclude the application of this rule in the future. All other mandatory rules stipulated in the Code of Best Practice are complied with.