Shares held by The Bank of New York

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, announces that the number of its shares held by The Bank of New York decreased by 2.03% from 79,158,086 (18.84% of votes at the General Shareholders' Meeting as reported on June 18, 2002) to 70,634,050 shares (16.81% of votes at the General Shareholders' Meeting as of July 29, 2002).