Annual wholesale contracts

PKN ORLEN S.A. announces Wholesale Contracts

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, has announced that on December 31, 2002 wholesale agreements were concluded for the sale of gasoline and diesel oil over the coming year.
BP Polska Spolka z o.o. to purchase gasoline with an estimated value of PLN 1,437,000,000.00 for delivery during 2003
BP Polska Spolka z o.o. to purchase diesel oil with an estimated value of PLN 681,000,000.00 for delivery during 2003
SHELL Produkty Polska Spolka z o.o. to purchase gasoline with an estimate value of PLN 962,000,000.00 for delivery during 2003
SHELL Produkty Polska Spolka z o.o. to purchase diesel oil with an estimate value of PLN 603,000,000.00 for delivery during 2003
ORLEN PetroCentrum Spolka z. o.o. to purchase gasoline with an estimate value of PLN 553,000,000.00 for delivery during 2003
ORLEN PetroTank Spolka z o.o. to purchase diesel oil with an estimate value of PLN 1,104,000,000.00 for delivery during 2003
In the event of a failure to supply fuel in question PKN ORLEN will be charged 8 per cent of net (free of excise tax) value of undelivered fuels.