Acquisition of shares in Ship-Service

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company, announces today that on 6th August 2002 it accepted an offer from Przedsiebiorstwo Uslug Morskich Ship-Service S.A. (Ship-Service) to purchase 18,000 ordinary registered shares (‘D’ series) in Ship-Service with its headquarters in Szczecin (Poland). The purchase shall be executed through a cash contribution from PKN ORLEN. The offer price of each share (‘D’ series) totals PLN 1,000.

At present PKN ORLEN owns 6,000 ordinary registered shares (‘B’ series) in Ship-Service, which accounts for 30.43% of Ship-Service's initial capital and 25.81% of votes at the general meeting of shareholders. Following this transaction PKN ORLEN will own 60.86% in the initial capital of Ship-Service and 55.87% of votes at the general meeting of shareholders. Consequently, Ship-Service will become a company controlled by PKN ORLEN. Ship-Service specialises in marine fuels sales.