Initial capital increase in CPN Marine Service Sp. z o.o.

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company, informs that on 19th April 2004 a District Court in Gdansk (Poland) registered an initial capital increase in CPN Marine Service Sp. z o.o. (“CPN Marine”).

The initial capital of CPN Marine was increased through the issuance of 1,900 shares of a par value of PLN 500, from PLN 50,000 to PLN 1,000,000. The capital was increased through cash contribution from PKN ORLEN of PLN 950,000. The District Court also registered the new name of the company - Centrum Komercjalizacji Technologii Sp. z o.o.

PKN ORLEN owns 100 per cent of the total shares in Centrum Komercjalizacji Technologii Sp. z o.o.

The company specialises in economic activities and management consulting.

About PKN ORLEN SA
PKN ORLEN S.A. is one of the largest companies in Central & Eastern Europe, with listings on the Warsaw and London Stock Exchanges, and trading on the OTC market in the U.S.A. It is Poland’s largest refiner of crude oil and marketer of world-class petroleum and related products. It has a substantial wholesale and retail distribution system that includes the largest network of service stations in Poland. It also has significant financial investments in the telecommunications sector in Poland.