PKN ORLEN has purchased Swedish company Aktiebolaget Grundstenen 108770

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, announces that on 15 June 2007 it signed an agreement with Svenska Standardbolag AB, headquartered in Falun, Sweden, regarding the purchase of 5000 shares in Aktiebolaget Grundstenen 108770 (“Aktiebolaget Grundstenen”), headquartered in Falun, Sweden (”Purchased shares”). The Purchased shares represent 100% of the initial capital and 100% of the total amount of votes at the General Meeting of Shareholders of Aktiebolaget Grundstenen, with a par value of SEK 100 for each share (i.e. approximately PLN 40.40, based on average SEK/PLN exchange rates as of 15 June 2007, as stated by the National Bank of Poland). The cost of the purchased shares amounts to SEK 500 000 (i.e. approximately PLN 202 000, based on average SEK/PLN exchange rates as of 15 June 2007, as stated by the National Bank of Poland) and has been paid from PKN ORLEN’s own cash resources. The book value of the Purchased Shares in PKN ORLEN’s books amounted to PLN 202 000 as of 15 June 2007.

The main reason why PKN ORLEN purchased the shares in Aktiebolaget Grundstenen is to realize the issue of Eurobonds planned for June and July 2007. The termination of the business activity of Aktiebolaget Grundstenen is planned after the redemption of all Eurobonds that PKN ORLEN is planning to issue. To date, Aktiebolaget Grundstenen has not undertaken any business activities. In accordance to the provisions of the agreement on purchase of shares in Aktiebolaget Grundstenen, just after PKN ORLEN has paid for the purchased shares, there will be a General Meeting of Shareholders of Aktiebolaget Grundstenen, during which, among other items, the company name will be changed. Additionally there will be set the main business activity of Aktiebolaget Grundstenen - ownership and management of tangible and intangible assets.

The main business activity of Svenska Standardbolag AB is the sale and liquidation of companies.

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 - Svenska Standardbolag AB.

As the Purchased Shares represent more than 20% of Aktiebolaget Grundstenen’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).