Supervisory Board and Board of Directors of Unipetrol, a.s. have approved the terms and conditions of the Share Purchase Agreement for the sale of 81.78% of Spolana a.s. shares

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company, announces that on October 26, 2006, the Supervisory Board and the Board of Directors of UNIPETROL, a.s. approved the terms and conditions of the Share Purchase Agreement for the sale of 81.78 % of the shares of the Unipetrol a.s. subsidiary - SPOLANA a.s., headquartered in Neratovice, Czech Republic. The agreement is between UNIPETROL, a.s., as seller, and Zaklady Azotowe ANWIL Spolka Akcyjna, headquartered in Wloclawek, Poland, as purchaser (the “Share Purchase Agreement”).

The terms and conditions of the Share Purchase Agreement were also approved by the relevant corporate bodies of Zaklady Azotowe ANWIL Spolka Akcyjna.

The execution of the Share Purchase Agreement by UNIPETROL, a.s. and Zaklady Azotowe ANWIL Spolka Akcyjna is scheduled for 27 October 2006.

PKN ORLEN owns 63% of the votes at the General Meeting of Unipetrol a.s. and 84% of the votes at the General Meeting of Zaklady Azotowe ANWIL Spolka Akcyjna.