Sale of shares in NOM

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”, “Company”) Central Europe’s largest downstream oil company, hereby announces that it has received the decree of the Arbitration Court, based in Warsaw, which states that the agreement for the purchase of 168,000 shares in Niezalezny Operator Miedzystrefowy Sp. z o.o. („NOM”) by Polskie Sieci Elektroenergetyczne S.A. („PSE”) in Warsaw from Polski Koncern Naftowy ORLEN S.A. did not come into force because the suspending condition was not fulfilled, i.e. the lack of approval from PSE corporate organs for the deal. At the same time the counter action of PKN ORLEN for payment for the shares was declined.

In accordance to the mentioned decision PKN ORLEN still owns 168,000 shares in NOM of a total nominal value of PLN 84,000,000, representing 35 % of the initial capital of NOM.

Shares owned by PKN ORLEN represent 35% of the initial capital of NOM and the same number of votes at its shareholders’ meeting.

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

(See also Regulatory Announcement No 35/2000, dated 9 June 2000, and Regulatory Announcement No 37/2003, dated 21May 2003).