A license for the trading of gas fuel

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN"), Central Europe's largest downstream oil company, hereby announces that on 30 April 2003 the President of The Energy Regulatory Authority of Poland, under decision no OPG/88/554/W/2/2003/MJ, gave PKN ORLEN a license for the trading (sale and purchase) of gas fuel for the period from 2 June 2003 until 2 June 2013. PKN ORLEN will, therefore, expand the scope of its activities in respect of the sale/purchase of natural gas in Poland and the joint supply of gas fuels to the companies of Capital Group.
Through these activities, PKN ORLEN will optimise its gas purchasing costs, leading to considerable cost savings in the coming years.