Agenda for the EGM of Shareholders of PKN ORLEN

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN"), Central Europe's largest downstream oil company, pursuant to art. 399 § 1 and with respect to art. 398 of the Code of Commercial Companies and under § 7 item 4 of the Company's Articles of Association hereby publishes the Agenda of the Extraordinary General Meeting of Shareholders of PKN ORLEN to be held on 30 December 2004. The Meeting shall commence at 11.00 CET in Plock (Poland) at the following address:
Centrum Edukacji Grupa ORLEN 25 Kobylinskiego Street

Agenda of the Extraordinary General Meeting of Shareholders of PKN ORLEN:

1. Opening;
2. Election of the Chairman of the Meeting;
3. Affirmation of the legality of the Meeting and its ability to pass resolutions;
4. Approval of the Agenda;
5. Election of the Vote Counting Commission;
6. Passing of a resolution concerning the production of PKN ORLEN’s unconsolidated financial statement according to International Financial Reporting Standards starting on 1 January 2005;
7. Passing of resolutions concerning changes in the Supervisory Board of PKN ORLEN;
8. Closure of the General Meeting of Shareholders.

According to the art. 406 § 3 of the Code of Commercial Companies and with respect to art. 11 item 1 of the Law on the Public Trading of Securities participation in the Extraordinary General Meeting of Shareholders is permitted for those holding certificates, issued by a brokerage house or a bank managing a securities account, stating the number of shares owned and confirming that the shares will have been deposited in the account by the end of the Meeting. Participation in the Meeting is permitted on condition that the certificates mentioned above will be submitted by 22 December 2004 inclusive at the Legal Office - room 203, Company Headquarters in Plock, Chemikow St. 7, between 7.30 a.m. and 4 p.m.
A week before the Meeting, copies of the materials concerning cases and matters listed in the agenda and materials concerning the Meeting, to the extent required by Law, will be made available to Shareholders between 8 a.m. and 3 p.m in the reception of the Company's Headquarters at 7 Chemikow St. Plock. The list of shareholders entitled to participate in the Meeting will be made available in the Company's Headquarters for three days before the Meeting. Registration of shareholders and distribution of voting cards will begin at 10.00 a.m. in front of the meeting hall.