Application for mandatory tender offer for the Unipetrol, Paramo and Spolana shares

On June 30 2005, PKN ORLEN SA applied to the Czech Securities Commission for its approval for PKN ORLEN to make a mandatory tender offer (MTO) for the common shares issued by UNIPETROL, a.s., PARAMO, a.s. and SPOLANA a.s.

The terms of the MTOs are subject to approval by the SEC.

PKN ORLEN has an obligation to make the MTOs according to the Czech law and following the acquisition on May 24, 2005 of 62.99% of voting rights in UNIPETROL, a.s. PKN ORLEN has authorized its financial advisor Patria Finance, a.s. to realize these MTOs.