Purchase of two German companies

The Management Board of Polski Koncern Naftowy ORLEN S.A. announces that on December 6, 2002 on the basis of the share transfer agreements the Company acquired from two individuals Dr. Jörg von Schwabe and Petra von Schwabe, residents of Hamburg, Germany:
2 shares in a German limited liability company Einhundertzweiundreissigste Vermoegensverwaltungsgesellschaft mbH with its registered office in Hamburg, Germany, of the nominal value 12,500 EURO each share, representing 100% of its share capital and 100% votes at its shareholders' meeting, for the total purchase price amounting to 28,000 EURO and
2 shares in the German limited liability company Einhundertdreiunddreissigste Vermoegensverwaltungsgesellschaft mbH with its registered office in Hamburg, Germany, of the nominal value 12,500 EURO per share, representing 100% of its share capital and 100% votes at the shareholders' meeting, for the total purchase price amounting to 28,000 EURO. The objects of the acquired companies comprise the management of their own assets.
Except for the relations connected with the execution of the share transfer agreements referred to in the above no other relations exist between the issuer and the issuer's managing or supervising persons, and the sellers of the shares.

The acquisition has been financed from the own resources of the issuer and constitutes its long-term investment.

About PKN ORLEN SA

PKN ORLEN S.A. is one of the largest companies in Central & Eastern Europe, with listings on the Warsaw and London Stock Exchanges, and trading on the OTC market in the U.S.A. It is Poland's largest refiner of crude oil and marketer of world-class petroleum and related products. It has a substantial wholesale and retail distribution system that includes the largest network of service stations in Poland. It also has significant financial investments in the telecommunications sector in Poland.