The District Court for Cracow has issued a bankruptcy declaration regarding ORLEN Transport Krakow.

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) announces that the District Court for Cracow – Srodmiescie, Poland (VIII Economic Department for Bankruptcy) issued on 29 October 2007 a bankruptcy declaration regarding a PKN ORLEN subsidiary - ORLEN Transport Krakow Sp. z o.o. (“ORLEN Transport Krakow”, “Company”), which includes liquidation of the assets of the Company. The decision of the court does not become valid, until the limitation of complaints, which must be delivered not later than 7 days from the delivery of the bankruptcy declaration.

The court has assigned Ms. Elzbieta Brzozowska as a Judge-Commissioner (a judge in the District Court for Cracow – Srodmiescie) and Ms. Maria Thetschel – Zgud as a Bankruptcy Trustee.

The court has decided that the legal prerequisite mentioned in article 11 point 2 of the Bankruptcy and Repair Law dated 28 February 2003 (Journal of Laws No 60, item 535), when a Company’s liabilities exceed the value of its assets, has appeared.

The registered capital of ORLEN Transport Krakow amounts to PLN 12,465,000 and is divided into 124,650 equal and indivisible shares with a par value of PLN 100 for each share. PKN ORLEN owns 98% of the initial capital of ORLEN Transport Krakow. See also: Regulatory announcement no 50/2007 dated 7 August 2007.

This announcement has been prepared pursuant to par. 5 section 1 subsection 24, and § 30 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).