Sale of shares in Zielen

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN"), Central Europe's largest downstream oil company, announces today that on 20th December 2001 it signed an agreement with the president of P.U. “Zielen” Sp. z o.o. (“Zielen”) Ms Jadwiga Piesz and an employee of “Zielen” Ms Magdalena Kanigowska regarding the sale of 331 shares of ‘Zielen’ (22.07 % of initial capital of the company).

The sale price amounts to 617 PLN for each share (total 204,227.00 PLN). Currently PKN ORLEN doesn’t own any shares of “Zielen”, so it isn’t an associated company of PKN ORLEN Group any more.