Capital increase in ORLEN Transport Slupsk

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company, informs of the registration on 7th January 2003 by a District Court in Gdansk (Poland) of the initial capital increase in ORLEN Transport Slupsk Sp. z o.o. (“ORLEN Transport Slupsk”). The initial capital of ORLEN Transport Slupsk was raised by PLN 1,869,400.00 from PLN 6,774,400.00 to PLN 8,643,800.00. The capital was increased through a contribution-in-kind from PKN ORLEN (book value PLN 1,674,203.17). All 86,438 shares are voting shares. PKN ORLEN owns 97.0% per cent of the total shares.