Plocki Park Przemyslowo - Technologiczny initial capital increase

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company, announces the registration, on 31 August 2006, of an increase in the initial capital of PKN ORLEN’s subsidiary - Plocki Park Przemyslowo – Technologiczny Spolka Akcyjna („PPPT”), based in Plock, by a District Court in Warsaw (Poland). The initial capital of PPPT was increased from PLN 25,460,860 to PLN 50,460,860, i.e. by PLN 25,000,000. This was covered by a placing of 2,500,000 registered shares having a preference of 2 votes per one share, of the nominal value of PLN 10 per share, owned only by the company’s founding shareholders PKN ORLEN and “Miasto Plock” (the municipal borough of Plock) in the equal parts of 1,250,000 shares for each shareholder.
Series no: series “E”.
Nominal value of one share amounts to PLN 10.

All newly issued shares were covered by cash contribution. The value of issued shares covered by cash contribution amounts to PLN 25,000,000. After PPPT’s initial capital increase, its capital structure comprises of: Miasto Plock – PLN 25,230,430 PLN – 50% PKN ORLEN – PLN 25,230,430 PLN – 50%.

After the initial capital increase, the total number of votes for the General Meeting of Shareholders of PPPT in relation to the total number of shares issued amounts to 10,092,172.

See also: regulatory announcement no 16/2006 dated 28 February 2006 and regulatory announcement no 18/2006 dated 20 March 2006.