Resolutions passed by EGM on 12.06.2000

P>Under § 42, item 3 of Ministry Decree dated 22 December 1998 concerning the nature, form and scope of current and periodical information as well as time when such information is bound to be forwarded by issuer admitted to public trading (Official Journal of Bills No. 163, item 1160) the Management Board of Polski Koncern Naftowy ORLEN SA, announces resolutions passed at the Extraordinary General Assembly of Shareholders of PKN ORLEN SA held on June 12, 2000.

RESOLUTION No 1
by EXTRAORDINARY GENERAL ASSEMBLY OF SHAREHOLDERS of
POLSKI KONCERN NAFTOWY ORLEN SPOLKA AKCYJNA
Dated June 12, 2000

Regarding changes to the Company's Statutes

§1
Item 4 in § 8 par. 12 receives wording as below:
" Incurring of other liability which on the basis of one or several related legal actions exceeds an equivalent of one fifth of the share capital, excluding: a/ actions and operations carried out on day-to-day basis, especially those regarding turnover of crude oil and petroleum products, and also those including all operations approved by the Supervisory Board in annual economical and financial plans, b/ actions and operations requiring approval of the General Assembly of Shareholders."
§ 2
The resolution comes into effect on the day of registering the change to the Statutes in the commercial register.

RESOLUTION No 2
by EXTRAORDINARY GENERAL ASSEMBLY OF SHAREHOLDERS of
POLSKI KONCERN NAFTOWY ORLEN SPOLKA AKCYJNA
Dated June 12, 2000

Regarding changes to the Company's Statutes

Under art. 431 § 1 of the Commercial Code and § 7, item 7, point 9 of the Company's Statutes the following change is introduced to the Company's Statutes:
§ 1
In § 11 par. 3 receives wording as below:
“Unless otherwise stated in the Company's Statutes or suggested by context or wording in the Company's Statutes, “the Company" in the Company's Statutes means Polski Koncern Naftowy ORLEN Spolka Akcyjna."
§ 2
The resolution comes into effect on the day of registering the change to the Statutes in the commercial register.

RESOLUTION No 3
by EXTRAORDINARY GENERAL ASSEMBLY OF SHAREHOLDERS of
POLSKI KONCERN NAFTOWY ORLEN SPOLKA AKCYJNA
Dated June 12, 2000

regarding approval of the PAS consolidated financial report of PKN ORLEN S.A.
§ 1
Under art.391 and 388 of the Commercial Code and § 7, par.7, item 1 of the Company's Statutes, having become familiar with the opinion of the Supervisory Board this is to approve the PAS consolidated financial report of PKN ORLEN S.A. including balance sheet as of December 31, 1999 containing assets and liabilities amounting to PLN 11 577 934 378.36 with profit and loss account for the periods from January 1, 1999 to December 31, 1999 showing net profit of PLN 721 906 419,62 and cash flow statement with the net inflow of PLN 41 875 136,21.

§ 2
The Resolution comes into effect on the day of passing.