Purchase of shares of ORLEN PetroGaz Wroclaw by ORLEN GAZ

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company, announces that on September 19th, 2006, it was informed that the PKN ORLEN subsidiary ORLEN GAZ Sp. z o. o. (“ORLEN GAZ”) acquired shares in ORLEN PetroGaz Wroclaw Sp. z o.o. ("ORLEN PetroGaz Wroclaw").
On September 13th, 2006 ORLEN GAZ purchased 15,000 shares in ORLEN PeroGaz Wroclaw, representing 48,39% of the initial capital of ORLEN PetroGaz Wroclaw with a par value PLN 100 of each share, representing 48,39% of votes at the General Meeting of shareholders of ORLEN PetroGaz Wroclaw. The purchased shares were paid for by ORLEN GAZ in the form of a cash contribution of PLN 930,000.

The book value of the purchased shares in the ORLEN GAZ books amounted to PLN 936,060 as of September 13th, 2006.

Main business activities of ORLEN GAZ include gasoline sales, land transport of goods, gas deliveries, gas systems installation services.
Main business activities of ORLEN PetroGaz Wroclaw include gasoline sales, land transport of goods, gas deliveries, gas systems installation services.

Following the above transaction ORLEN GAZ holds 100% of shares in the initial capital of ORLEN PetroGaz Wroclaw. PKN ORLEN owns 100% of shares in the initial capital of ORLEN GAZ.

Except in respect to the relationships referred to above, no other relationship exists between the PKN ORLEN and the PKN ORLEN’s managing or supervisory persons, and the sellers of the shares – ORLEN PetroGaz Wroclaw.