The Bank of New York decreased share in the total number of votes at PKN ORLEN`s General Meeting

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, announces that on May 23rd, 2006, it was informed that The Bank of New York, as the depositary for PKN ORLEN’s Depositary Receipts (“DRs”), decreased its share in the total number of votes at PKN ORLEN’s General Meeting. The change was made due to the cancellation by The Bank of New York of a number of DR’s on May 19th, 2006. Due to this fact, The Bank of New York on May 19th, 2006 were in possession of 42,680,278 shares of PKN ORLEN, which is equivalent to 42,680,278 votes at PKN ORLEN’s General Meeting (representing 9.98% of the initial capital of PKN ORLEN and 9.98% of votes at PKN ORLEN’s General Meeting).

According to regulatory announcement no 98/2003, published on December 23rd, 2003, The Bank of New York was in possession of 45,061,314 shares of PKN ORLEN, equivalent to 45,061,314 votes at PKN ORLEN’s General Meeting (representing 10.54% of the initial capital of PKN ORLEN and 10.54% of votes at PKN ORLEN’s General Meeting).