Bankruptcy petition against ORLEN Petrogaz N. Brzeznica

Regulatory filing dated 5 March 2002
Petition for the bankruptcy against ORLEN Petrogaz Nowa Brzeznica Sp. z o.o.

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN"), Central Europe's largest downstream oil company, informs that on 4th February 2002 Sad Rejonowy in Piotrkow Trybunalski V Wydzial Gospodarczy sygn. Akt. V GU 7/02 (“Sad Rejonowy in Piotrkow Trybunalski”) received from Bialchem Group Sp. z o.o. petition for the bankruptcy against ORLEN Petrogaz Nowa Brzeznica Sp. z o.o. (“ORLEN Petrogaz N. Brzeznica”). See also Regulatory filing 87/2001 dated 29 November 2001.

PKN ORLEN owns 51.99 per cent of the total shares in ORLEN Petrogaz N. Brzeznica.