A co-operation agreement with Agrofert Holding a.s.

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") Central Europe's largest downstream oil company, hereby announces that on 19th November 2003 it entered into a co-operation agreement with Agrofert Holding a.s in Prague (Czech Republic) over the privatization of Unipetrol a.s. This Agreement follows the letter of intent signed on 26th May 2003 and defines the preliminary division of Unipetrol's assets between the Parties should their bid be successful.

(see also a release from 26 May 2003)