PKN ORLEN's new shares in ANWIL

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, announces today that it was informed on 29 March 2001 that the Polish Office for Protection of Competition and Consumers had approved PKN ORLEN’s will to exceed 50% of the total voting capital of Anwil S.A. Approval was required for PKN ORLEN to complete its purchase of Anwil’s shares from Towarzystwo Finansowe Silesia Sp. z o.o and Polskie Gornictwo Naftowe i Gazownictwo S.A. This purchase was originally reported on 20 February 2001.
As the result of the above transaction PKN ORLEN’s stake in Anwil has now risen to 64.8%.