Invalidity of resolution of GM dated 28 June 2004

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company, hereby announces that on 9th June 2005 it received the verdict of the District Court in Warsaw, which upheld a complaint raised by a shareholder, Bengodi Finance S.A., based in Warsaw, regarding the invalidity of resolution no 1 of the Ordinary General Meeting of Shareholders dated 28 June 2004. This was in respect of the change to the Articles of Association of PKN ORLEN in § 7 item 11 regarding the voting limit level of some of the shareholders and affirmed the invalidity of the above mentioned resolution. The sentence of the court of the first instance is not final or binding.