The registration of the initial capital increase in Zawitaj Swinoujscie.

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, informs of the registration on 11th October 2001 by a District Court in Szczecin (Poland) of the initial capital increase in Zawitaj Swinoujscie Sp. z o.o. ("Zawitaj").

The initial capital of Zawitaj was raised by the issuance of 7,158 shares of par value PLN 500, from PLN 530,500 to PLN 4,109,500. The capital was increased through a contribution-in-kind from PKN ORLEN (book value PLN 5,851,177.37).

PKN ORLEN owns 100 per cent of the total shares in Zawitaj.

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.