ORLEN Petrogaz N. Brzeznica goes bankrupt

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company (“PKN ORLEN”) informs that, ORLEN Petrogaz Nowa Brzeznica Sp. z o.o. (“ORLEN Petrogaz N. Brzeznica”), a company in liquidation, was informed on June 10, 2002 that Sad Rejonowy in Piotrkow Trybunalski Wydzial V Gospodarczy (district court in Piotrkow Trybunalski) issued a resolution on June 10, 2002 (Sygn. Akt. U.7/02) to put ORLEN Petrogaz N. Brzeznica in insolvency/bankruptcy state. The resolution becomes valid on June 24, 2002.
PKN ORLEN holds 22,878 shares with nominal value of PLN 100 each, which amounts to 52% of initial capital of ORLEN Petrogaz N. Brzeznica .