Unipetrol has purchased Garo Estates s.r.o.

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, announces that on 14 June 2007 it was informed by UNIPETROL, a.s., headquartered in Prague, Czech Republic (“Unipetrol”), that on 7 June 2007 it had purchased 100% of the shares in a company called Garo Estates s.r.o. (“Garo Estates”). The purchase was completed on the basis of an agreement concluded on 6 June 2007 between Unipetrol, as the purchaser, and Corporate Consulting a.s., headquartered in Prague, Czech Republic (“Corporate Consulting”), as the seller. Unipetrol has purchased a 100% interest in the amount of CZK 200,000 (i.e. approximately PLN 26 760, based on average CZK/PLN exchange rates as of 14 June 2007, as stated by the National Bank of Poland) in Garo Estates (“Purchased Shares”), headquartered in Litvinov, Czech Republic.

The Purchased Shares were bought by Unipetrol for CZK 280,000 (i.e. approximately PLN 37 464, based on average CZK/PLN exchange rates as of 14 June 2007, as stated by the National Bank of Poland). The book value of the Purchased Shares in the Unipetrol books amounted to CZK 280,000 as of 7 June 2007 (i.e. approximately PLN 37 464, based on average CZK/PLN exchange rates as of 14 June 2007, as stated by the National Bank of Poland).

The main business activity of Garo Estates is the leasing of real estate. To date, the company has not undertaken any business activities. The main business activities of Unipetrol include crude oil refining, petrochemical and chemical production, and the sale of fuels. The main business activity of Corporate Consulting is the leasing of real estate.

PKN ORLEN owns 63% of the votes at the General Meeting of Unipetrol.

Except in respect to the execution of the share purchase agreement referred to above, no other relationship exists between PKN ORLEN, PKN ORLEN’s managing or supervising persons, and the seller of the shares - Corporate Consulting.

Unipetrol’s investment in Garo Estates is regarded as long-term.

As the Purchased Shares represent more that 20% of Garo Estate’s initial capital, they are significant assets in accordance with the Polish Regulation of the Minister of Finance dated 19 October 2005, on current and periodic information to be published by issuers of securities (Journal of Laws as of 26 October 2005).