Claim of penalty by Agrofert

In 2005 PKN ORLEN attained a record net profit (after elimination of negative goodwill of acquired assets of Unipetrol over the acquisition price) of PLN 2,745 m. The profit including the negative goodwill amounted to PLN 4,638 m.

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PKN ORLEN improves its ranking in the FORBES 2000

PKN ORLEN has been ranked 55th in the Oil & Gas category of the prestigious FORBES 2000, which classifies the world’s 2000 biggest companies. Over the last two years PKN ORLEN has improved its position in the general standings by 352 positions.

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PKN ORLEN to regain retail market share

PKN ORLEN is pleased to announce that Europejski Fundusz Leasingowy (EFL) has joined the Company’s FLOTA scheme, which is aimed at business customers operating vehicle fleets and allows for the cash-free purchase of fuel and other selected products and services offered at ORLEN stations.

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PKN ORLEN purchases shares of Polkomtel

PKN ORLEN together with three other Polish companies has signed an agreement concerning the purchase of Polkomtel’s shares, which are now owned by TDC Mobile International. After the agreement is executed total share of Polish companies in Polkomtel SA will rise from 61% to 75%. Signing the agreement will support further implementation of the announced withdrawal from investments in Polkomtel’s shares announced PKN ORLEN.

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New managers in UNIPETROL and PKN ORLEN

PKN Orlen announces senior appointments to drive the further integration of Unipetrol and to strengthen the Group's upstream team.

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New filling stations in ORLEN Deutschalnd's network

ORLEN Deutschland, a subsidiary of PKN ORLEN, is purchasing 58 filling stations in Northern Germany from Deutsche BP AG. This transaction is yet another step in the implementation of ORLEN Deutschland’s consistent strategy of restructuring and development.

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Changes in the Management Board

The Supervisory Board of PKN ORLEN has appointed, following its meeting on 21 December 2005, Mr. Cezary Stanislaw Filipowicz to the position of the Deputy President of the PKN ORLEN Management Board with effect from 2 January 2006. This complies with the motion of the Ministry of the State Treasury according to the § 9 item 1 point 3 of the Articles of Association of PKN ORLEN.

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Financial markets acknowledge PKN ORLEN

PKN ORLEN’s IR has been recognised as the best amongst Poland’s listed companies in the WarsawScan 2005 survey conducted by NBS Public Relations.

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Consolidated financial results of PKN ORLEN - Q3'2005

In the third quarter this year, the ORLEN Group achieved a record net income of PLN 980 m. The return on average capital employed (ROACE) equalled 18.3%, while earnings before interest depreciation taxes and amortization (EBITDA) amounted to PLN 1,622 m. Operating cost cutting in the quarter generated savings of PLN 228 m. The total effects of the cost-cutting programme (KPRKO) attained during the first three quarters of this year has yielded 82% of the annual savings planned.

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