End of 3rd stage of the PKN ORLEN privatisation

The Management Board of Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN”), Central Europe’s largest downstream oil company, announces that Nafta Polska S.A. (“Nafta Polska”) has decided to close the third stage of the PKN ORLEN privatisation process. Nafta Polska offered 17.58 % stake in PKN ORLEN.

See also current reports: 50/2001 dated 2 August 2001; 54/2001 dated 14 August 2001; 55/2001 dated 14 August 2001 and 72/2001 dated 12 October 2001.