Prague, 7th of August 07  –  On 23 November 2006, Adam Černý filed with the Municipal Court in Prague as a shareholder of UNIPETROL a legal action for declaration of invalidity of resolutions of Extraordinary Shareholders’ General Meeting of UNIPETROL which took place on 29 September 2006. In his legal action A. Černý asserted that UNIPETROL breached applicable law inter alia by not discussing at the Extraordinary Shareholders’ General Meeting of the annual report of UNIPETROL for 2005, and that the resolutions of the Extraordinary Shareholders’ General Meeting were not properly adopted.

On 3 August 2007, the Municipal Court in Prague dismissed the legal action of A. Černý in its entirety when it had not found the grounds for the declaration of invalidity of the Extraordinary Shareholders’ General Meeting.

The resolution of the Municipal Court in Prague has not become final yet.

UNIPETROL, a.s. is a group of companies operating in the petrochemical industry in the Czech Republic. In 2005 UNIPETROL became part of the PKN ORLEN Group, the largest downstream oil company in Central Europe. UNIPETROL primarily focuses on crude oil processing, fuels distribution and petrochemical production. In all these areas UNIPETROL group is one of leading players in both the Czech and Central European markets. In 2006 UNIPETROL posted revenues amounting to CZK 95 billion and a net profit of CZK 1.6 billion. The UNIPETROL group employs approximately 4,000 people.

Contact:
Michaela Lagronová
Spokesperson
Unipetrol, a.s.

GSM: +420 602 304 708
E-mail: michaela.lagronova@unipetrol.cz
www.unipetrol.cz​