The sale of shares in RAF-TRANS

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) Central Europe’s largest downstream oil company, hereby announces that on 29 September 2004 Rafineria Nafty Jedlicze S.A. sold to ORLEN Transport Krakow Sp. z o.o. 19,812 shares in RAF-TRANS Sp. z o.o. of a par value PLN 100 per share. The above shares represent 99.06% of the initial capital of RAF-TRANS Sp. z o.o. and the same number of votes at its shareholders’ meeting. The transaction value equals PLN 1,406,652.

The remaining 0.94% stake in RAF-TRANS is owned by its present and previous employees.

PKN ORLEN owns 98.32% of the initial capital of ORLEN Transport Krakow and 75% of the initial capital of Rafineria Nafty Jedlicze.