PKN ORLEN sells all its shares in El-Dystrybucja

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN"), Central Europe's largest downstream oil company, announces today that on 20th November 2001 it signed an agreement regarding the sale of PKN ORLEN’s all shares in the initial capital of Warsaw-based El-Dystrybucja Sp. z o.o. (“El-Dystrybucja”) to Warsaw-based Energia S.A.
PKN ORLEN sold its 10 shares of a nominal value PLN 100 each (25% of initial capital in El-Dystrybucja) for total PLN 400,000 (four hundred thousand).