Annual wholesale contracts with international operators

PKN ORLEN Announces PLN 2,440,000,000 of Wholesale Contracts

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, has announced that on December 29, 2000 wholesale agreements were concluded for the sale of gasoline and diesel oil over the coming year.

BP Poland Spółka z o.o. i Spółka, Spółka Jawna to purchase gasoline with an estimated value of PLN 850 000 000 for delivery during 2001 and another agreement to purchase diesel oil with an estimated value of PLN 650 000 000 for delivery during 2001.

STATOIL Polska Spółka z o.o. to purchase gasoline with an estimated value of PLN 940 000 000 for delivery in 2001.

In the event of a failure to supply fuel in question PKN ORLEN will be charged up to 12 per cent of net (free of excise tax) value of undelivered gasoline.