PKN ORLEN`s subsidiary - ZA Anwil has purchased bonds issued by PKN ORLEN

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN"), Central Europe's largest downstream oil company, hereby informs that in order to optimise the management of financial liquidity within the PKN ORLEN Capital Group, on 23 July 2007 and on 23 August 2007 PKN ORLEN issued short term bonds to its subsidiary, Zaklady Azotowe Anwil S.A (“ZA Anwil”). The bonds were issued in accordance with the Bond Issue Programme signed by PKN ORLEN and a syndicate of 6 banks in November 2006.

PKN ORLEN intends to use the financial resources provided by the bond issue for financing its current activities.
The Bonds were purchased by ZA Anwil in order to manage its short term liquidity.

The bonds were issued in compliance with the Law on Bonds dated 29 June 1995 (unified text: Journal of Laws, 2001 No 120, point 1300 with subsequent changes) in Polish zlotys, as bearer, dematerialized, unsecured and zero-coupon securities. The redemption of the bonds will be at their nominal value.

The bonds were issued in two series, with the following issue conditions:
1. Series: ORLEN002 230807; value of the bond issue PLN 100,000,000, composed of 1,000 bonds with a nominal value of PLN 100,000 per bond.
- Date of issue: 23 July 2007
- Redemption date: 23 August 2007
- Yield on bonds: based on market conditions, unit nominal price amounted to PLN 99,605.50
and
2. Series: ORLEN003 280907 (rolled-over bond issue no ORLEN002 230807); value of the bond issue PLN 100,000,000, composed of 1,000 bonds with a nominal value of PLN 100,000 per bond.
- Date of issue: 23 August 2007
- Redemption date: 28 September 2007
- Yield on bonds: based on market conditions, unit nominal price amounted to PLN 99,537.20.

See also: regulatory announcement no 75/2006 dated 27 November 2006 and regulatory announcement no 13/2007 dated 20 February 2007.

This announcement has been prepared pursuant to par. 5 section 1 subsection 6, and § 12 of the 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 No. 209, item 1744).