Oil supplies to PKN ORLEN secure

Following recent reports over the sale of Yuganskneftegas in Russia, PKN ORLEN informs that its feedstock supplies should not be adversely affected. Should problems of any kind occur, PKN ORLEN is fully capable of securing supplies either through spot transactions or term contracts with other oil suppliers.

Agreement over IPO of Polkomtel

PKN ORLEN has entered into an agreement with KGHM S.A. and PSE S.A. over the simultaneous sale of their respective stakes in Polkomtel through an Initial Public Offering of shares by not later than 30 September 2005. This shall be undertaken in compliance with the law and internal regulations of the three companies. PKN ORLEN’s holding in Polkomtel equals 19.61 per cent.

Agreement with Europa Universitat Viadrina Frankfurt / Oder

3 December 2004 - PKN ORLEN and ORLEN Deutschland have today entered into an agreement with Europa Universitat Viadrina Frankfurt /Oder (Germany) on a student apprenticeship in one of the two companies. The Agreement was signed in PKN ORLEN’s Warsaw office by Gesine Schwan, Vice-Chancellor of the Europa Universitat Viadrina Frankfurt/Oder, Andrzej Macenowicz, Vice-President of PKN ORLEN and Michal Jonczynski, Board Member of ORLEN Deutschland. Today’s event has also hosted Andrzej Byrt, the Ambasador of the Republic of Poland to Germany.

DKV / ORLEN fuel card launched

A new, combined DKV/ORLEN fuel card was introduced to the market only two months ago but it has already proved very popular among Polish and international drivers. This dual-system card allows to gain access to non-cash purchases across the continent's largest service network. PKN ORLEN’s official marketing campaign, which is starting today, is aimed at attracting further corporate clients to the scheme.

EGM of PKN ORLEN on 30 December 2004

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN"), Central Europe's largest downstream oil company, pursuant to art. 399 § 1 and with respect to art. 398 of the Code of Commercial Companies and under § 7 item 4 of the Company's Articles of Association hereby publishes the Agenda of the Extraordinary General Meeting of Shareholders of PKN ORLEN to be held on 30 December 2004. The Meeting shall commence at 11.00 CET in Plock (Poland) at the following address: Centrum Edukacji Grupa ORLEN 25 Kobylinskiego Street

PKN ORLEN ceases sales of U-95 unleaded petrol

PKN ORLEN would like to inform that, as of 1st January 2005, it will cease distribution of Universal U-95 unleaded petrol across its retail network in Poland.

PKN ORLEN's performance in 3Q 2004

PKN ORLEN has achieved another record quarter, with net profit of PLN 837m in the 3Q 2004, calculated according to IFRS. After 9 months of the year, PKN ORLEN’s cost cutting programme has generated savings of PLN 488m.

Changes in the Management Board of PKN ORLEN SA

The Management Board of PKN ORLEN SA ("PKN ORLEN"), Central Europe's largest downstream oil company, hereby announces that during a meeting on 18 October 2004, the Supervisory Board has made some changes to the Management Board of PKN ORLEN. These changes were made to support more effective and transparent management.

EU quality of ORLEN's gasolines

Gasolines produced by PKN ORLEN already meet European Union standards (since September) which will be in force since the beginning of the next year. New norms sharpen the level of two parameters: sulphur and aromates content. There will be no changes concerning Diesel oils, because the concern since three years has been offering standards required in 2005.