Preliminary condensed consolidated financial statements for the first two quarters of 2005

Regulatory announcement No 53/2005 dated 16th August 2005

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN"), Central Europe's largest downstream oil company, hereby publishes a regulatory announcement containing preliminary consolidated financial data for the PKN ORLEN Group for the period covering the first two quarters of 2005.

The financial statement is prepared according to the Decree of the Council of Ministers of 21 March 2005 (Journal of Law No. 49 of 2002, item 447, as amended) on current and periodical information provided by issuers of securities, and is according to International Financial Reporting Standards, excluding MSSF no 3, regarding the scope of the influence of the purchase of UNIPETROL.

The financial statement consists of preliminary financial data for the PKN ORLEN Group. It does not include the consolidation effect of the UNIPETROL Group.

The complete financial statement covering the first two quarters 2005 will be published on 29 September 2005.