Supreme Court decision on ORLEN's anti-trust case

Regulatory filing dated 22 February 2002

SUPREME COURT DECISION ON PKN ORLEN ANTI-TRUST CASE

The Management Board of Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN”), Central Europe’s largest downstream oil company, informs that on February 21, 2002 Sad Najwyzszy (Supreme Court) reached a decision regarding case No. I CKN 1041/99.

The Supreme Court dismissed the cassation of decision of Sad Antymonopolowy (Anti-Trust Court), dated June 23, 1999, in which the Anti-Trust Court overturned the decision of UOKiK (the Polish Office for Protection of Competition and Consumers -OPCC), dated December 11, 1998, filed by Polska Izba Paliw Plynnych (the Polish Chamber of Liquid Fuels - PIPP). The Polish OPCC had ordered Petrochemia Plock S.A. (currently PKN ORLEN) to desist from selling liquid fuel at the same price in Plock and through Commercial Offices of PKN ORLEN.

The Anti-Trust Court emphasised that despite PKN ORLEN’s dominant position in the liquid fuel market and the fact that PKN ORLEN had operated in the production, wholesale and retail markets, wholesale prices fixed by the Company do not breach regulations stated in Anti-Trust Law.