Purchase of shares in ORLEN Prewencja

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company, announces that on August 16th, 2006, it was informed that the company ORLEN Prewencja Sp. z o. o. (“ORLEN Prewencja”), a limited liability company headquartered in Plock, 7 Chemikow Street, 09-411 Plock , was registered on August 9th, 2006 by a District Court in Warsaw (Poland).
PKN ORLEN purchased 3000 shares in ORLEN Prewencja, representing 100% of the initial capital of ORLEN Prewencja, with a par value PLN 500 of each share, representing 100% of votes at the General Meeting of shareholders of ORLEN Prewencja. The purchased shares in ORLEN Prewencja were paid by PKN ORLEN in form of cash contribution of PLN 1,500,000.
Main business activities of ORLEN Prewencja are connected with keeping the work safety, fire prevention, civil defence and natural environment protection.
The Management Board of ORLEN Prewencja consists of two persons. Two managing persons of ORLEN Prewencja were employees of PKN ORLEN:
- President of the Management Board from 1st July 1995 till 30th June 2006,
- Member of the Management Board from 1st September 2004 till 30th June 2006.