Initial capital increase in ORLEN Transport Kedzierzyn Kozle

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company, informs of the registration on 6 September 2004 by a District Court in Opole (Poland) of the initial capital increase in ORLEN Transport Kedzierzyn Kozle Sp. z o.o. (“ORLEN Transport Kedzierzyn Kozle”). The initial capital of ORLEN Transport Kedzierzyn Kozle was raised by PLN 4,619,500.00, from PLN 5,389,500.00 to PLN 10,009,000.00. The amount of PLN 4,619,500.00 was covered by a contribution-in-kind from PKN ORLEN (book value PLN 1,658,687.16).

All 20,018 shares are voting shares.

As a result of the capital increase, PKN ORLEN has increased its stake in ORLEN Transport Kedzierzyn Kozle from 89.35 per cent to 94.27 per cent of the total shares. The remaining shares are owned by ORLEN Transport Kedzierzyn Kozle employees.