Receiving consents of the Antimonopoly Commission in Ukraine and the United States anti-trust authorities in the process of Mazeikiu shares purchase by PKN ORLEN

The Management Board of Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) hereby informs about the satisfaction of certain material conditions under the share purchase agreement related to the acquisition of 53.7022% shares in AB Mazeikiu Nafta (“Mazeikiu”) from Yukos International UK B.V. referred to in the current report No 49/2006 dated 4 August 2006.

PKN ORLEN was informed that the U.S. Federal Trade Commission has concluded its review of the proposed acquisition by PKN ORLEN of a control over Mazeikiu. Early termination of the required waiting period for the possible objections of the U.S. anti-trust authorities means the receipt of the clearance under the Hart Scott-Rodino Antitrust Improvements Act of 1976 for the purchase by PKN ORLEN of the controlling stake in Mazeikiu in accordance with the agreements with Yukos International UK B.V. and the Government of the Republic of Lithuania.

The Management Board of PKN ORLEN also informs that the Antimonopoly Commission in Ukraine consented to the acquisition by PKN ORLEN of a control over Mazeikiu.

The acquisition by PKN ORLEN of the majority stake in Mazeikiu is still subject to the consent of the European Commission.

See also current report No. 33/2006 dated 26 May 2006, current report No. 37/2006 dated 9 June 2006, current report No. 47/2006 dated 13 July 2006 and current report No. 49/2006 dated 4 August 2006.

This announcement has been prepared pursuant to Art. 5 section 1 subsection 4 and Art. 10 of the Regulation of the Polish Minister of Finance on the Current and Periodic Information to be Disclosed by Issuers of Securities dated 19 October 2005 (Polish Journal of Laws (Dz.U.) No. 209, item 1744).