Unipetrol - condition fulfilled

PKN ORLEN (the “Company”), Central Europe’s largest downstream oil company, announces that on December 16, 2004 it received notification from the National Property Fund of the Czech Republic (“FNM”) that the European Commission had confirmed that its acquisition of 114,224,038 bearer shares in Unipetrol contains no public aid elements. This fulfills one of the conditions regarding PKN ORLEN’s conditional agreement to purchase the shares in Unipetroll a.s. (“Unipetrol”). The abovementioned decision of the European Commission was issued on December 1, 2004 and received by FNM on December 7, 2004.

(See also regulatory announcement No. 41/2004 of June 4, 2004)