PKN ORLEN signed with ABN AMRO N.V. a mandate letter

Under Art. 81 par. 1, item 2 of the Law on Public Trading of Securities dated 21 August, 1997 (Official Journal of Bills No 118, item 754 with the later amendments) the Management Board of Polski Koncern Naftowy ORLEN S.A. informs that on July 31, 2000 PKN ORLEN S.A. signed with ABN AMRO N.V. a mandate letter for a three-year syndicated loan of USD 200 mln. with floating interest rate based on LIBOR rate. PKN ORLEN S.A. will utilise the loan to finance on-going investments and repay some of its existing indebtedness. The first drawings under the facility are expected to begin in Q4 2000.