PKN ORLEN`s subsidiary - ORLEN Ksiegowosc - has 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 27 June 2008 PKN ORLEN issued short term bonds to its subsidiary, ORLEN Ksiegowosc Sp. z o.o. 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 ORLEN Ksiegowosc 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 ORLEN Ksiegowosc were issued by PKN ORLEN with the following issue conditions:

Series: ORLEN036 280708; value of the bond issue PLN 9,000,000 composed of 90 bonds with a nominal value of PLN 100,000 per bond.

- Date of issue: 27 June 2008

- Redemption date: 28 July 2008

- Yield on bonds: based on market conditions, unit nominal price amounted to PLN 99 463.80.

PKN ORLEN owns 100% of the registered capital of ORLEN Ksiegowosc.