Copy of the third citation from the Arbitration Court regarding the agreement penalty

Polski Koncern Naftowy ORLEN S.A. („PKN ORLEN”), Central Europe’s largest downstream oil company, announces that on 5th July 2006 it received from the Arbitration Court at the Economic Chamber of the Czech Republic and Agrarian Chamber of the Czech Republic in Prague a copy of the third citation regarding the payment of the agreement penalty, submitted by Agrofert Holding a.s. headquartered in Prague. The value of the object of the dispute amounts to 409,102,494 CZK with the interests (i.e. approximately EUR 14,383,542 based on CZK/PLN and EUR/PLN average exchanges rates as of July 5th 2006, stated by National Bank of Poland).

(see also: regulatory announcements: no 27/2006 dated 10 May 2006, no 12/2006 dated 20 February 2006, no 8/2006 dated 25 January 2006, no 41/2004 dated 4 June 2004 and no 85/2003 dated 20 November 2003)