PKN ORLEN purchase of shares in ETYLOBENZEN Plock

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company, announces that on 23 April 2007 it signed with Firma Chemiczna DWORY (“DWORY”), headquartered in Oswiecim, Poland, an agreement (“Agreement”) in accordance with which PKN ORLEN will purchase from DWORY shares in ETYLOBENZEN Plock Spolka z ograniczona odpowiedzialnoscia (“ETYLOBENZEN Plock”), headquartered in Plock, Poland.

With reference to the Agreement PKN ORLEN will purchase from DWORY 588 shares in ETYLOBENZEN Plock for PLN 10,000 per share and with a total nominal value of PLN 5,880,000. This represents 49% of the initial capital of ETYLOBENZEN Plock and 49% of the votes at the General Meeting of shareholders of ETYLOBENZEN Plock, for a total price of PLN 6,016,444.59.

The purchased shares in ETYLOBENZEN Plock will be paid for by PKN ORLEN not later than 14 days after the day of signing the Agreement. In accordance with the Agreement the shares of ETYLOBENZEN Plock will be transferred to PKN ORLEN on the day of the receipt of the purchase price from PKN ORLEN in DWORY’s bank account. The shares purchased by PKN ORLEN will funded from the PKN ORLEN’s own cash resources. The book value of the purchased shares in the PKN ORLEN books will be equal to the purchase price.

After the transaction settlement PKN ORLEN will own 100% of the initial capital of ETYLOBENZEN Plock. The initial capital of ETYLOBENZEN Plock amounts to PLN 12,000,000 and is divided into 1,200 equal and indivisible shares with a par value of PLN 10,000 for each share.

The Management Board of ETYLOBENZEN Plock consists of two persons. The President of the Management Board is a PKN ORLEN employee.

PKN ORLEN’s investment in ETYLOBENZEN Plock shares is considered as a short-term investment, as the intention of PKN ORLEN’s Management Board is to incorporate ETYLOBENZEN Plock into the structure of PKN ORLEN.

ETYLOBENZEN Plock produces and sells organic chemicals. Except in respect of the relationships referred to above, no other relationship exists between PKN ORLEN and PKN ORLEN’s managing or supervisory personnel, and the seller of the shares –DWORY.

In accordance with paragraph 2 item 1 point 52 and item 5 “Regulation of the Minister of Finance dated 19 October 2005 on current and periodic information to be published by the issuers of securities” the purchased shares constitute “significant assets” due to the fact that they represent 49% of the share capital of ETYLOBENZEN Plock.

See also: Regulatory announcement no 8/2007 dated 19 January 2007 and Regulatory announcement no 62/2006 dated 17 October 2006.