PKN ORLEN and Basell Europe Holdings agreed the associated commercial agreements

PKN ORLEN announces that in respect of the Joint Venture Agreement signed on 30 September 2002 between PKN ORLEN and Basell Europe Holdings, both parties have agreed the associated commercial agreements on 23 October 2002. The transaction is still subject to clearance from the Polish Office for Protection of Competition and Consumers and securing satisfactory financing for the project.