The registration of the initial capital increase in ORLEN Transport Lublin.

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, informs of the registration on 16th October 2002 by a District Court in Lublin (Poland) of the initial capital increase in ORLEN Transport Lublin Sp. z o.o. ("ORLEN Transport Lublin").

The initial capital of ORLEN Transport Lublin was raised by PLN 6,034,500 from PLN 10,139,000 to PLN 16,173,500. The capital was increased through a contribution-in-kind from PKN ORLEN (book value PLN 3,024,447.73), and PLN 400 cash contribution from Mr Janusz Zaorski

As a result of the transaction PKN ORLEN' holding in ORLEN Transport Lublin increased from 97.53% to 98.45%. The remaining shares are owned by the employees.

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.