Sale of shares in Zespol Wypoczynkowy "Mazowsze"

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”, “Company”) Central Europe’s largest downstream oil company, hereby announces that on 20 April 2005, on the basis of share transfer agreements, the Company sold 3,932 shares of Zespol Wczasowy „Mazowsze” Sp. z o.o. („ZW Mazowsze”) based in Leba (Poland) with a par value of PLN 1,000 each, representing 100.00% (and the same number of votes at its shareholders’ meeting), for a total of PLN 3,007,980.00, i.e. PLN 765.00 for each share to Przedsiebiorstwo Turystyczne „MAZOWSZE” Sp. z o.o. “PT Mazowsze” is based in Leba (Poland).

The shareholders of PT Mazowsze are managerial staff and employees of ZA Mazowsze. The share ownership was transferred to the above mentioned entities on 16 May 2005.

Following the above transaction PKN ORLEN will not have any holding in ZW Mazowsze.

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