PKN ORLEN amends applications for MTO of shares in UNIPETROL, PARAMO and SPOLANA

On August 25th and 26th PKN ORLEN has filed with the Czech Securities Commission amended applications for consent to PKN ORLEN’s announcements of mandatory tender offers of shares issued by UNIPETROL, PARAMO and SPOLANA. The applications include all additional information required by the Commission.

ORLEN's application for permission to exercise voting rights in Unipetrol

PKN ORLEN applied for permission to exercise its voting rights in UNIPETROL.

The ORLEN Group's performance in 2Q 2005

In the second quarter of this year the Capital Group of PKN ORLEN (excluding Unipetrol) achieved one of best net profit results in the Group’s history - PLN698 million. The return on average capital employed (ROACE) reached 14.4% and the EBIDTA was PLN 921 million. The program of operational cost reduction has brought savings of PLN 210 million, compared to PLN 163 million in the second quarter of 2004. As the result of an estimate of the risks resulting from agreements signed by the previous Management Board with Agrofert and ConocoPhilips, it was decided to create a reserve to cover the economic risk. Net profit without this reserve would have amounted to PLN 1,003 million while EBIDTA would be PLN 1,297 million.

PKN ORLEN submits applications regarding mandatory tender offers for shares in UNIPETROL, PARAMO and SPOLANA.

PKN ORLEN submits applications regarding mandatory tender offers for shares in UNIPETROL, PARAMO and SPOLANA.

New duties within the Management Board

Following recent completion of the PKN ORLEN Management Board, on its yesterday summit the Board attributed new competences to Dariusz Witkowski, member of the Management Board appointed on 1st August 2005.

Moving the Group's consolidated financial statement for Q2 2005

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN"), Central Europe's largest downstream oil company, hereby announces that it is moving the publication of its consolidated financial statement for Q2 2005 from 16th August 2005, as originally planned, to 29th September 2005.

PKN ORLEN's statement over situation in Czech

According to the article entitled „Czech deal of ORLEN” published in the daily Rzeczpospolita on August 8, 2005, concerning the agreement between PKN ORLEN and Agrofert Holding a.s., the Management of PKN ORLEN presents the following information.

Scholarship for winner of the XV International Frederic Chopin Piano Competition

As sponsor of the XV International Frederic Chopin Piano Competition, PKN ORLEN has founded a scholarship for the best Polish pianist. A financial award of 25,000 EUR for Rafal Blechacz, the winner of this year’s competition, has been handed in by Igor Chalupec, President & CEO of PKN ORLEN.

Dariusz Witkowski appointed to the position of Member of the Management Board

Supervisory Board of PKN ORLEN has appointed, following its meeting on 19 July 2005, Mr Dariusz Witkowski to the position of Member of the Management Board with effect from 1 August 2005.