PKN ORLEN cleared to establish Consortium Agreement with Rotch Energy to bid for the Gdansk Refinery

Polski Koncern Naftowy ORLEN S.A.(PKN ORLEN), Central Europe's largest downstream oil company, hereby announces that following the resolution of Nafta Polska S.A. (Nafta Polska), PKN ORLEN can now establish a consortium, subject to conditions, with UK-based Rotch Energy Ltd, in respect of their joint bid for a 75 per cent stake in the Gdansk Refinery, the second largest refinery in Poland.

Nafta Polska has also agreed to allow PKN ORLEN to proceed with due diligence at the Gdansk Refinery.

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.