Shares held by The Bank of New York

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, announces that the number of its shares held by the Bank of New York decreased by 2.03% from 53,336,068 (12.69% of votes at the General Shareholders' Meeting as reported on March 14, 2003) to 44,779,954 shares (10.66% of votes at the General Shareholders' Meeting as of August 5, 2003).