Sale of Spolana to Anwil Wloclawek

This morning, a contract for the sale of UNIPETROL’s share (81.78 %) in SPOLANA a.s., was signed between UNIPETROL and the Polish chemicals producer Zakłady Azotowe ANWIL Spółka Akcyjna. The purchase price for Spolana shares amounted to over CZK 640 million. In addition, the repayment of approx. CZK 660 million that Spolana owes to Unipetrol was ensured. The execution of the contract is the result of a nine-month public tender in which ten investors had initially shown interest in purchasing the shares.

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Resumption of Hydrotreatment

Yesterday, 23rd October 2006, PKN ORLEN resumed the operation of its hydrotreatment plant in Płock. The overhaul shutdown was completed after 10 days.

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New bitumen plant in Plock

Today, ORLEN Asfalt launched a new plant for the production of thermoplastic rubber modified bitumen offered under the name of ORBITON. The daily capacity of the facility totals 500 tonnes and, together with the adjacent tank farm, cost PLN 40m .

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New JV of PKN ORLEN

On 16th October 2006 PKN ORLEN entered into a JV agreement for the production of ethylbenzene, a key component in the production of styrene, with Firma Chemiczna Dwory SA (Dwory). The JV will be operating under the name of ETYLOBENZEN Plock.

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Reg. Mazeikiu Nafta - continue

In a teleconference with capital market analysts today, PKN ORLEN President of the Board Igor Chalupec announced a delay in the signing of the financing programme in support of the acquisition of Mazeikiu Nafta. This delay is caused by the need to analyze the emergent situation in the Lithuanian refinery.

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Hydrotreatment plant shut down

Today, 13th October 2006, PKN ORLEN shut down its Hydrotreatment plant in order to replace worn elements. The shut down of the unit has been scheduled for approx. 12 days, until the replacements are complete and final tests carried out. The facility’s overhaul will be performed within a record pace, given that the standard period for such work is normally around 18 days. Given the above circumstances, PKN ORLEN has prepared a precise overhaul work-schedule together with different scenarios for the operations of other units.

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Reg. Mazeikiu Nafta

Today at approximately 2:30 p.m. Lithuanian time a fire broke out in the Mażeikiu Nafta refinery, damaging a vacuum pipe tower distillation column. The are no casualties. The impact of the fire is yet undetermined. Although PKN ORLEN is not yet the formal owner of Mażeikiu Nafta, we will offer our assistance in coping the effects of the fire to the refinery, the local authorities and the community.

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Press Release Re. Mazeikiu Nafta

A commentary concerning the Mazeikiu Nafta refinery delivered by Mr Igor Chalupec, President of the Management Board of PKN ORLEN S.A., at today’s press conference.

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Letter of intent PGNiG & PKN ORLEN

The leading Polish extraction company ,PGNiG and the biggest domestic fuel producer and distributor ,PKN Orlen, intend to perform together on investments and projects in the field of oil and gas extraction and logistic infrastructure related to these sectors. On 14 July 2006 representatives of Management Boards of both PGNiG and PKN ORLEN signed a letter of intent of co-operation.

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