Sale of shares in Dom Wczasowy "Mazowsze"

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”, “Company”) Central Europe’s largest downstream oil company, hereby announces that on 25 March 2005 on the basis of share transfer agreements, the Company sold 2,714 shares of Dom Wczasowy „Mazowsze” Sp. z o.o. („DW Mazowsze”) based in Ustron (Poland) with a par value of PLN 600 each, representing 98.73% and the same number of votes at its shareholders’ meeting, for a total of PLN 1,332,574, i.e. PLN 491.00 for each share:

- 3 shares were sold to Mr Wodzimierz Chmielewski for a total of PLN 1,473,
- 1 share was sold to Ms Urszula Duszynska for a total of PLN 491,
- 3 shares to Flasza Anna i Marek Spolka cywilna for a total of PLN 1,473,
- 2,702 shares to Ms Dominika Flasza for a total of PLN 1,326,682,
- 1 share was sold to Ms Krystyna Giska for a total of PLN 491,
- 3 shares were sold to Mr Ryszard Mazur for a total of PLN 1,473,
- 1 share was sold to Ms Danuta Slowinska for a total of PLN 491.

The above mentioned entities are also the remaining 1.23% shareholders of DW Mazowsze and are employees or external entities, which are not connected with DW Mazowsze.

The share ownership has been transferred to the above mentioned entities on 07 April 2005.

Following the above transaction PKN ORLEN shall not have any holding in DW Mazowsze.

Except in respect to the execution of the share transfer agreements referred to in the above, no other relationship exists between the issuer and the issuer’s managing or supervising persons, and the sellers of the shares.