Resolution of General Meeting of Polkomtel regarding dividend payment

Polski Koncern Naftowy ORLEN S.A. („PKN ORLEN”), Central Europe’s largest downstream oil company, announces that on 10th May 2006 the Ordinary General Meeting of Polkomtel S.A. was held, during which the shareholders passed resolution regarding dividend payment to Polkomtel S.A. shareholders, in accordance with applicable law, of retained net profit for the years preceding 2005 and net profit for 2005. Total amount of dividend amounts to PLN 2,352,375 thousand (representing PLN 114.75 per share) and will be paid to shareholders proportionally to their ownership of the share capital of Polkomtel S.A. Due to the fact that PKN ORLEN owns 19.61% of the share capital of Polkomtel S.A., the amount of the dividend attributable to PKN ORLEN amounts to PLN 461,269,755. The Ordinary General Meeting of Polkomtel S.A. has set the dividend payment date for 17 July 2006.

Polkomtel S.A. is accounted in PKN ORLEN S.A. books with the use of equity method.

(see also: regulatory announcement no 17/2006 dated 10 March 2006)