Change to draft resolution to be passed at EGM on 6 July 2001

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, announces today draft resolution to be passed during the Extraordinary General Meeting of Shareholders of PKN ORLEN held on July 6, 2001 and regarding issuance of bonds. Paragraph 2 (§ 2) was added to this draft resolution.

RESOLUTION
No of
EXTRORDINARY GENERAL MEETING OF SHAREHOLDERS
of POLSKI KONCERN NAFTOWY ORLEN SPÓŁKA AKCYJNA
dated July 6, 2001
regarding issuance of bonds
§ 1
Under § 7, item 7, point 12 of the Commercial Companies Code, the Extraordinary General Meeting of Shareholders of PKN ORLEN S.A. approves repeated issuance of bonds, up to a total debt amount not exceeding, at any one time, PLN 700 m (seven hundred million zlotys) with regard to these bonds that were issued and not bought back.
§ 2
The resolution of the General Meeting of Shareholders of PKN ORLEN SA. No 26 as of May 14, 2001 and regarding issuance of bonds is not binding.
§ 3
The Resolution comes into effect on the day of passing