PKN ORLEN`s subsidiary - IKS Solino - has once again purchased bonds issued by PKN ORLEN

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN") hereby informs that in order to optimise the management of financial liquidity within the PKN ORLEN Capital Group, on 8 October 2007 PKN ORLEN issued short term bonds to its subsidiary, Inowroclawskie Kopalnie Soli “Solino” S.A. (“IKS Solino”). 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 IKS Solino 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 purchased today by IKS Solino were issued by PKN ORLEN in two series, with the following issue conditions:
1. Series: ORLEN006 081107 (rolled-over bond issue no ORLEN005 081007 as of 7 September 2007); value of the bond issue PLN 5,000,000, composed of 50 bonds with a nominal value of PLN 100,000 per bond.
- Date of issue: 8 October 2007
- Redemption date: 8 November 2007
- Yield on bonds: based on market conditions, unit nominal price amounted to PLN 99,579.80
and
2. Series: ORLEN007 080108; value of the bond issue PLN 5,000,000, composed of 50 bonds with a nominal value of PLN 100,000 per bond.
- Date of issue: 8 October 2007
- Redemption date: 8 January 2008
- Yield on bonds: based on market conditions, unit nominal price amounted to PLN 98,728.40.

See also: regulatory announcement no 75/2006 dated 27 November 2006, regulatory announcement no 13/2007 dated 20 February 2007 and regulatory announcement no 55/2007 dated 7 September 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).