Sale of shares in SAMRELAKS Machocice subsidiary

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”, “Company”) Central Europe’s largest downstream oil company, hereby announces that, on the basis of share transfer agreement signed on 21st March 2006, the Company sold 13,449 shares of its subsidiary - SAMRELAKS Machocice Sp. z o.o. („SAMRELAKS”) based in Machocice Kapitulne (Poland) for the total amount of PLN 4,000,000, i.e. ca. PLN 297,42 for each share with par value of PLN 500 each share.

The sold shares represent 100% of the initial capital of SAMRELAKS and also 100% of votes at its shareholders’ meeting. The shares were sold to:
Mr. Bogdan Buczek - 6.725 shares for a total of PLN 2,000,148.71
Mr. Jozef Porebski - 6.724 shares for a total of PLN 1,999,851.29

The share ownership was transferred to the buyers on 3rd April 2006.

The book value of the sold shares in the PKN ORLEN books amounted to PLN 2,504,489.11 as of December 31st 2005.

Following the above transaction PKN ORLEN will cease to have any holding in SAMRELAKS.

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