Sale of LG Petro Bank S.A. shares

The Management Board of Polski Koncern Naftowy ORLEN S.A. informs that it sold all its shares in LG PetroBank S.A. (4,450,708 shares) to Nordea Bank Sweden AB.
The sale of the above stake, which accounts for 19.9 per cent of the initial capital of LG PetroBank, was realised through a public call / summon. It amounts to 19.9 per cent of votes at the general meeting of shareholders.
Total price of shares equals PLN 93,464,868 (PLN 21 per share). From now on PKN ORLEN doesn't hold any shares of LG PetroBank S.A.

(See current report dated 24th September 2002).

About PKN ORLEN S.A.

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.