Initial capital increase in ORLEN Deutschland

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company, informs that on 11th May 2004 a Register Court in Elmshorn (Germany) registered an initial capital increase in ORLEN Deutschland Immobilien GmbH, based in Elmshorn.

The initial capital of ORLEN Deutschland Immobilien GmbH was increased from EUR 30,000,000 to EUR 60,000,000. The capital was increased through a cash contribution from PKN ORLEN of PLN 30,000,000. The total number of votes is 1,200,000.

The Register Court also registered the name of the new company - ORLEN Deutschland GmbH, and as of 11 May 2004 the following companies have been displaced from the Register Court, as they have been parts of the chain merger:
1. Jewel Tankstellen Nord GmbH (taken over by AMF Service GmbH)
2. Orlen Tankstellen Aktiengesellschaft (taken over by AMF Service GmbH)
3. NTG Norddeutsche Tankstellen AG (taken over by ORLEN Deutschland Immobilien GmbH)
4. AMF Service GmbH (taken over by Orlen Deutschland GmbH)
5. Orlen Deutschland GmbH (merged with ORLEN Deutschland Immobilien GmbH)

PKN ORLEN owns 100 per cent of the total shares in ORLEN Deutschland GmbH.

The company specialises in fuel wholesale and retail.

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.