Commercial Union goes over 5% in PKN ORLEN

Polski Koncern Naftowy ORLEN SA ('PKN ORLEN'), Central Europe's largest downstream oil company informs that Warsaw-based Commercial Union OFE BPH CU WBK on 1 July 2003 was in possession of 21,533,539 bearer shares of PKN ORLEN, the amount that accounts for 5.125% of the initial capital and assures 21,533,539 votes at the general meeting of shareholders and 5.125% of the votes at the general meeting of shareholders of PKN ORLEN.