Agenda of EGM on 30 August 2002

Polski Koncern Naftowy ORLEN Spolka Akcyjna (PKN ORLEN), Central Europe's largest downstream oil company, hereby publishes the agenda of the Extraordinary General Meeting of Shareholders of PKN ORLEN as at 30 August 2002. The meeting shall commence at 10.00 CET in Plock at the following address:
Centrum Edukacji Grupa ORLEN ul. Kobylinskiego 25 Hall B

Agenda of the Extraordinary General Meeting of Shareholders of PKN ORLEN:

Opening;

Election of the Chairman of the meeting;

Affirming the legality of the meeting;

Approval of the agenda;

Election of the Vote Counting Commission;

Revision of the Management Board’s Report on performance of PKN ORLEN’s Capital Group and the consolidated financial results of PKN ORLEN’s Capital Group for year 2001.

Passing of resolution concerning approval for disposal (sale or lease) of self-operating properties / entities of the Company;

Passing of a resolution concerning changes of the principles of remuneration for Supervisory Board members;

Closure of the Extraordinary General Meeting of Shareholders.

The Management Board of PKN ORLEN informs that under art. 406 § 3 of the Code of Commercial Companies and according to the art. 11 of the Law on Public Trading of Securities dated 21 August 1997 (Official Journal of Bills No 118, item 754 with the later amendments), the participation in the Extraordinary General Meeting of Shareholders is permitted on condition that the certificates mentioned below will be submitted at least seven days prior to the Extraordinary General Meeting of Shareholders, i.e. not later that on 22 August 2002. The certificates need to be submitted to the Legal Office - room 110 between 7:30 a.m. and 4 p.m. at the Company’s Headquarters in Plock, ul. Chemikow 7. Participation in the Extraordinary General Meeting of Shareholders is permitted under certificates issued by a brokerage house or a bank running the securities account stating the number of shares owned and confirming these shares will have been deposited on the account by the end of the Extraordinary General Meeting of Shareholders. Voting can be performed either personally or through a power of attorney issued in writing. Representatives of legal persons should submit the relevant copy of a court register defining the persons entitled to represent such legal persons. Persons not mentioned in the copy of such court register need to have relevant power of attorney. A week before the Extraordinary General Meeting of Shareholders, the materials concerning cases and matters listed in the Agenda and materials concerning the Extraordinary General Meeting of Shareholders to the extend required by the Law will be made available to the shareholders at the reception of the Company’s Headquarters in Plock, ul. Chemikow 7 between 8 a.m. and 3 p.m. Registration of shareholders will begin at 9.00 a.m. on 30 August 2002 in front of the conference hall. The shareholders list registered for the Extraordinary General Meeting of Shareholders will be available for 3 working days prior to the Extraordinary General Meeting of Shareholders at the reception of the Company’s Headquarters in Plock, ul. Chemikow 7.