Purchase of bonds by ORLEN POWIERNIK

The Management Board of Polski Koncern Naftowy ORLEN S.A. (PKN ORLEN) discloses that ORLEN POWIERNIK Sp. z o.o (ORLEN Powiernik), which is 100% owned by PKN ORLEN, on 16 December 2003 purchased from Citibank Handlowy 10,900 bonds issued by PKN ORLEN with a par value PLN 10,000, as part of its investment portfolio. The price paid by ORLEN Powiernik for a one bond was PLN 9,864.11