Ernst & Young Audit Sp. z o.o. appointed to review PKN ORLEN's financial statements

Polski Koncern Naftowy ORLEN S.A. ('PKN ORLEN'), Central Europe's largest downstream oil company, informs that in compliance with the Company's Articles of Association, on 24th October 2002 PKN ORLEN's Supervisory Board appointed Ernst & Young Audit Sp. z o.o., ('Ernst & Young Audit'), to review PKN ORLEN's financial statements for 4Q 2002, the year ending 31st December 2002 and 1Q 2003.

PKN ORLEN has already been co-operating with Ernst & Young Audit on major projects, such as the merger of Petrochemia Plock and CPN, regional consolidation and the recently announced JV with Basell.

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.