Transfer of land to Basell Orlen Polyolefins

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, announces that on May 14, 2003 it sold 144,622 square metres of land with facilities to Poliolefiny Polska Sp. z o.o.. for PLN 2,849,053.

Poliolefiny Polska, which is soon to be registered under its new name of Basell Orlen Polyolefins Sp. z o.o., plans to build its new production plants on the site.