Transfer of PKN ORLEN shares from Nafta Polska to the State Treasury

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") hereby announces that it received a notice that on 22 July 2009 Nafta Polska S.A. (“Nafta Polska”) transferred PKN ORLEN shares to the State Treasury (“State Treasury”). In result of the transaction the State Treasury, represented by the Minister of the State Treasury, purchased 74 076 299 of PKN ORLEN shares, representing 17,32% of registered capital of PKN ORLEN, with 74 076 299 votes at the PKN ORLEN General Meeting attached to these shares, representing 17,32% of the total votes.

On 16 July 2009 Nafta Polska and the State Treasury, represented by the Minister of the State Treasury, concluded an agreement for purchase of own shares to be retired. On the basis of the agreement Nafta Polska purchased from the State Treasury a part of its own shares held by the State Treasury with the aim of voluntary retirement of these shares. The compensation for the shares to be retired are, among others, PKN ORLEN shares.

Before the purchase of PKN ORLEN shares, the State Treasury held 43 633 897 of PKN ORLEN shares representing 10,20% of registered capital of PKN ORLEN, with 43 633 897 of votes at the PKN ORLEN General Meeting attached to these shares, representing 10,20% of the total votes. Before the realization of the transaction Nafta Polska held 74 076 299 of PKN ORLEN shares, representing 17,32% of registered capital of PKN ORLEN, with 74 076 299 votes at the PKN ORLEN General Meeting attached to these shares, representing 17,32% of the total votes.

Currently the State Treasury holds 117 710 196 of PKN ORLEN shares, representing 27,52% of registered capital of PKN ORLEN, with 117 710 196 of votes at the PKN ORLEN General Meeting attached to these shares, representing 27,52% of the total votes. As a result of the transaction Nafta Polska does not hold any PKN ORLEN shares.

Additionally the State Treasury informed the Company that, on the basis of the shareholders list entitled to take part in the Ordinary General Meeting of PKN ORLEN convened for 30 June 2009 and suspended by 15 July 2009, the State Treasury’s depended entities (excluding Nafta Polska) held at this Meeting totally 20 088 000 of PKN ORLEN shares, representing 4,70% of registered capital of PKN ORLEN, with 20 088 000 of votes at the Meeting attached to these shares, representing 4,70% of the total votes.