Wholesale contracts with BP, Shell and Statoil

PKN ORLEN S.A. announces PLN 3,521,496,000.00 of Wholesale Contracts

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, has announced that on December 31, 2001 wholesale agreements were concluded for the sale of gasoline and diesel oil over the coming year.

BP Polska Spolka z o.o. to purchase gasoline with an estimated value of PLN 1,582,767,000.00 for delivery during 2002

SHELL Produkty Polska Spolka z o.o. to purchase gasoline with an estimate value of PLN 1,217,906,000.00 for delivery during 2002

STATOIL Polska Spolka z o.o. to purchase diesel oil with an estimated value of PLN 720,823,000.00 for delivery in 2002.

In the event of a failure to supply fuel in question PKN ORLEN will be charged 8 per cent of net (free of excise tax) value of undelivered fuels.