PKN ORLEN begins consolidation of its southern assets

PKN ORLEN has begun the restructuring and consolidation of its southern assets. The project is aimed at improving the efficiency of management within the ORLEN Group’s southern businesses which include the Jedlicze Refinery, Trzebinia Refinery and ORLEN Oil. The restructuring will also include the oil assets of UNIPETROL Holding.

PKN ORLEN refinery the best in Central & Eastern Europe

Participants in the Central & Eastern European Refining and Petrochemicals 8th Annual Roundtable, organised by the British World Refining Association, have decided that the best refinery in 2005 is the Petrochemical Complex in Plock. The decision was based on considerations including corporate strategy, infrastructure, technology innovation and plans for the future.

Final Stage of the Czech Buy-Out

The subscription for the shares of Unipetrol, Spolana and Paramo, carried out by PKN ORLEN in relation to the announced mandatory tender offers, has finished. Minority shareholders expressed an interest to sell shares representing the share capital of 3.7% of Paramo, 3.6% of Spolana and 0.0014% of Unipetrol.

Investment in Unipetrol will secure IRR of over 33%.

(Warsaw, Prague, 17th October) - The EBITDA of Unipetrol will improve at least 138 mln Euro by 2008, in the 2004 macroeconomic conditions, as a consequence of the streamlining of the company ´s operations with the PKN ORLEN Group.

Central & Eastern Europe Refining and Perochemicals Annual Roundtable in Warsaw

From the 18th to the 21st of October 2005 Warsaw will host The 8th Central & Eastern Europe Refining and Petrochemicals Annual Roundtable. The event is co-hosted by PKN ORLEN.

PKN ORLEN sponsors the XV International Frederic Chopin Piano Competition

PKN ORLEN is sponsoring the XV International Frederic Chopin Piano Competition as well as radio broadcasts, press supplements and accompanying events. The ORLEN Dar Serca foundation is a founder of the stipendium for the Polish best pianist.

PKN ORLEN – partner of The Corporate Governance in Public Companies Conference

On 29th September the Warsaw Stock Exchange will witness a conference held under the banner “Corporate Governance in Public Companies”. Dariusz Grebosz, IR Director at PKN ORLEN, will participate in a discussion panel entitled “The Role and Responsibility of the Management & Supervisory Boards, Reporting Standards within Companies, Client Relationships, Access to Financial Resources.”

VERVA - feel the power of new fuels from ORLEN

PKN ORLEN today introduces state-of-the-art, cutting edge fuels offered under the commercial name of VERVA. The new offering, which includes VERVA 98 petrol and VERVA ON diesel, is aimed at consumers of premium-segment products. This new generation of fuels ensures better engine performance and life. VERVA meets the most stringent European requirements for non-sulphur fuels envisaged for 2009.

PKN ORLEN requests entire disclosure of the contracts with Agrofert

PKN ORLEN asked Agrofert again today for consent with an entire disclosure of all the contracts signed by Agrofert and the previous management of PKN ORLEN in 2003 and 2004. As it is already publicly known, PKN ORLEN requested for Agrofert´s permission already several times in the past however has never obtained a reply allowing an entire disclosure.