ORLEN Deutschland signs wholesale agreement with Shell Deutschland Oil

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, announces that on 23 February 2006 ORLEN Deutschland AG signed a wholesale agreement with Shell Deutschland Oil GmbH, Hamburg for the sale of fuels to ORLEN Deutschland AG fuel stations in Germany. The agreement is binding for the period 01.01.2006 till 31.12.2006. The estimated value of the transaction amounts to approximately EUR 600 000 000, i.e. PLN 2 271 240 000 based on EUR/PLN average exchange rate as of February 23rd, 2006, stated by National Bank of Poland.

ORLEN Deutschland AG is wholly owned by PKN ORLEN.