The registration of the initial capital increase in Przedsiebiorstwo Uslug Morskich Ship-Service S.A.

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, informs of the registration by a District Court in Szczecin (Poland) of the initial capital increase in Przedsiebiorstwo Uslug Morskich Ship-Service S.A. (Ship-Service).
The capital was increased through the issuance of ordinary registered shares ('D' series).

The initial capital of Ship-Service was raised by the issuance of 19,716 shares of par value PLN 100, from PLN 1,971,600 to PLN 3,943,200.

Following this transaction PKN ORLEN will own 60.86% (previously 30.4%) of the initial capital of Ship-Service and control 55.87% (previously 25.8%) of votes at the general meeting of shareholders. Consequently, Ship-Service will become a company controlled by PKN ORLEN.

The transaction shall be formally complete after PKN ORLEN receives a certificate of ownership of 18,000 shares from Ship-Service. The purchase was executed by means of a cash contribution from PKN ORLEN.

Ship-Service specialises in marine fuel sales.

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