Sale of shares in 4 service companies

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") Central Europe's largest downstream oil company, announces that on 29 August 2003, on the basis of share transfer agreements, the Company sold:
935 shares in Serwis Katowice Sp. z o.o. with a par value of PLN 100 each, representing 55% of the initial capital of Serwis Katowice and the same number of votes at its shareholders' meeting, for a total price of PLN 100,000.00 to Zaklad Urzadzen Dystrybucyjnych Sp. z o.o. ("ZUD");
3,215 shares in CPN Serwis Kielce Sp. z o.o. with a par value of PLN 100 each, representing 100% of the initial capital of CPN Serwis Kielce and the same number of votes at its shareholders' meeting, for a total price of PLN 340,000.00 to ZUD;
2,000 shares in Serwis Kedzierzyn Kozle Sp. z o.o. with a par value of PLN 100 each, representing 80% of the initial capital of Serwis Kedzierzyn Kozle and the same number of votes at its shareholders' meeting, for a total price of PLN 210,000.00 to ZUD;
675 shares in Serwis Rzeszow Sp. z o.o. with a par value of PLN 500 each, representing 97.26% of the initial capital of Serwis Rzeszow and the same number of votes at its shareholders' meeting, for a total price of PLN 360,000.00 to ZUD.
As a result of the sale of the above-mentioned maintenance and service companies, PKN ORLEN will record a gross profit amounting to PLN 57,500.00. As of the date of the transaction the companies employed 142 people. Following the above transactions PKN ORLEN will not have any holding in any of the companies. Moreover, PKN ORLEN holds 99.94% of the initial capital of ZUD. Except for the relations in connection with the execution of the share transfer agreements referred to above, no other relations exist between the issuer and the issuer's managing or supervising persons, and the sellers of the shares.