No. 55/2003  | 11-07-2003

The Anti-trust Court decision

The Management Board of Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, informs that on July 10, 2003 the Supreme Court in Warsaw considered the UOKiK's appeal (the Polish Office for Protection of Competition and Consumers) to reverse the decision made by the District Court in Warsaw, the Polish Anti-Trust Court, dated August 13, 2001.

The Anti-Trust Court had primarily overturned the decision of UOKiK accusing PKN ORLEN of exercising monopolistic practices in the mono-ethylene glycol and Petrygo (anti-freeze engine coolant) market.

The Supreme Court reversed the decision of The Anti-Trust Court due to procedural violations. The case will now be re-considered by the District Court in Warsaw, the Court of Protection of Competition and Consumers (previously the Anti-Trust Court).

(see current report dated July 20, 2000 and report dated August 14, 2001)