Charges off Rafineria Trzebinia

PKN ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, reports that Rafineria Trzebinia S.A. (“Rafineria Trzebinia”), which is 77.07% owned by PKN ORLEN, has been notified of a reversal of a decision by the Fiscal Office in Krakow, which charges Rafineria Trzebinia with underpaying excise tax, underpaying goods and services tax and fiscal impropriety. This, together with interest charges, totals PLN 113.6m. At the same time the Fiscal Office in Krakow has decided to refer the case to the Chrzanow Tax Office for further inspection
(see also the Company’s filings as of: 25th January 2002, 11th February 2002 and 12th March 2002).