Correction of Regulatory announcement no 33/2007 dated 4 June 2007 regarding the Value Creation Program for Mazeikiu Nafta

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") announces that in the Regulatory announcement no 33/2007 dated 4 June 2007 regarding the Value Creation Program for the PKN ORLEN Lithuanian subsidiary Mazeikiu Nafta ("MN") an editorial error appeared. There was provided the wrong amount of Capex planned for MN:

There is:
"Capex planned for MN in the years 2007-2012 amounts to USD 1.6 million."

Should be:
"Capex planned for MN in the years 2007-2012 amounts to USD 1.6 billion."

There is:
"The breakdown of the targeted MN capex in 2007-2012, amounting to USD 1.6 million, is divided between certain stages of realisation of the VCP as follows:"

Should be:
"The breakdown of the targeted MN capex in 2007-2012, amounting to USD 1.6 billion, is divided between certain stages of realisation of the VCP as follows:"

The correct text of the Regulatory announcement no 33/2007 dated 4 June 2007 is as follows:

"Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") announces the Value Creation Program ("VCP") for its Lithuanian subsidiary AB Mazeikiu Nafta ("MN").

In accordance with the assumptions of the VCP, the targeted EBITDA of MN, under a variable macro scenario, in 2012 amounts to USD 700 million, (compared to USD 727 million under a constant macro scenario). Capex planned for MN in the years 2007-2012 amounts to USD 1.6 billion.

The VCP will be realized through the following three phases:
1.