New applications for consent to PKN ORLEN`s announcements of MTO for shares in UNIPETROL, PARAMO and SPOLANA

The Management Board of PKN ORLEN S.A. (“PKN ORLEN” the “Company”), Central Europe’s largest downstream oil company, hereby gives notice that on August 12, 2005, PKN ORLEN has again applied to the Czech Securities Commission (the “SC”) with new applications for consent to PKN ORLEN’s announcements of mandatory tender offers for the shares issued by UNIPETROL, a.s., PARAMO, a.s. and SPOLANA a.s.

The prices proposed by PKN ORLEN are: CZK 135 per one UNIPETROL share; CZK 978 per one PARAMO share; and, CZK 155 per one SPOLANA share.

Previous applications submitted by PKN ORLEN were rejected by the SC due to irregularities in the valuation methodology of shares, attached to the application and compiled by an independent expert NS Group. PKN ORLEN has pursued the highest standards of transparency and has placed considerable efforts in preparing the new applications and believes that the proposed prices fully reflect a valuation made according to the methodology, which will fulfill the SC’s stipulations.

According to the regulations laid out by the SC, a decision will be made between 8 and 13 working days after receipt of the application.