EGM Fund falls below 5% level in PKN ORLEN

Polski Koncern Naftowy ORLEN S.A. (PKN ORLEN), Central Europe's largest downstream oil company informs that on 18th March 2002 Emerging Markets Growth Fund, Inc. with its head-office in Los Angeles, U.S.A. (“EMGF”), informed PKN ORLEN that EMGF is in possession of 20,932,800 bearer shares of PKN ORLEN, the amount that assures 4.98% of the votes at the general meeting of shareholders of PKN ORLEN. In the light of the above EMGF has fallen below the 5% level about exceeding of which PKN ORLEN SA informed on 12th July 2001.