Agreement between Rafineria Trzebinia and AT AGRAR-TECHNIK

Polski Koncern Naftowy ORLEN S.A. ('PKN ORLEN'), Central Europe's largest downstream oil company, announces that on 16th June 2003 Rafineria Trzebinia S.A. has signed an agreement with AT AGRAR - TECHNIK GmbH & Co. KG for building a bio-diesel plant with a nameplate capacity of 100,000 tones per year. The value of the above agreement equals EUR 16,932,000. The plant is scheduled to commence operations in the fourth quarter of 2004.

PKN ORLEN holds a 77.07% stake in Rafineria Trzebinia S.A.