US Court cancels the date of the hearing regarding the motion of the Russian bankruptcy receiver of Yukos Oil Company

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, hereby informs that on 28 December 2006 it received a notice in which PKN ORLEN was informed that the hearing with the US Bankruptcy Court in New York (“US Court”) regarding the motion of the Russian bankruptcy receiver of Yukos Oil Company set for 29 December 2006 had been cancelled. PKN ORLEN disclosed the date of this hearing in regulatory announcement no 88/2006 dated 23 December 2006.
If the US Court decides that the hearing is still necessary it has until 16 January 2007 to be held.
See also: Regulatory announcement no 88/2006 dated 23 December 2006.

This announcement has been prepared pursuant to Article 56 section 5 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).