Privatisation of Unipetrol - successful completion of documentation

Completing the preparation of the legal documentation of the transaction concerning the privatization, by the way of sale of the shares, of UNIPETROL a.s.

Polski Koncern Naftowy ORLEN S.A. („PKN ORLEN”), Central Europe’s largest downstream oil company, announces that early morning on June 04, 2004, PKN ORLEN and the National Property Fund of the Czech Republic completed successfully the preparation of the legal documentation of the transaction concerning the privatization, by the way of sale of the shares, of UNIPETROL a.s. as well as the sale of certain related assets held by the Czech Consolidation Agency.

The parties are planning to sign the relevant agreements today, that is on Friday, June 4th at 12:00. Following the signing of the agreements, PKN ORLEN will publish relevant release in a form of the current report, covering the information about the above mentioned agreements.