PKN ORLEN received notice of the Russian bankruptcy receiver of Yukos Oil Company filing of a motion.

The Management Board of Polski Koncern Naftowy ORLEN S.A. („PKN ORLEN”) hereby informs that on 22 December 2006 PKN ORLEN received notice of the Russian bankruptcy receiver of Yukos Oil Company (the “Receiver”) filing of a motion (“Motion”) with the US Bankruptcy Court in New York (“US Court”) on 21 December 2006. Furthermore, the Motion was accompanied by a copy of the US Court’s decision dated 22 December 2006 that a hearing has been set for 29 December 2006 in connection with the Receiver’s Motion.

According to the Motion, the Receiver requested the US Court to obligate Yukos International UK B.V. (“Yukos International”) to evidence that Yukos International does comply with the US Court’s order dated 26 May 2006 (the “Order”) which regulated the distribution of proceeds from the sale of shares in AB Mazeikiu Nafta to PKN ORLEN. The Receiver requested that, if Yukos International fails to evidence that its actions are in compliance with the Order, the US Court adjudicated damages from Yukos International as well certain affiliated entities of Yukos International and PKN ORLEN. The requested value of damages has not been defined in the Motion.

This announcement has been prepared pursuant to Article 56 section 1 point 1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies dated 29 July 2005 (Journal of Laws No. 184, item 1539).