PKN ORLEN has signed the agreement for sales of fuels with Lukoil Polska

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) hereby informs that on 4 January 2011 it signed one-year agreement with Lukoil Polska Sp. z o.o. (“Lukoil Polska”), member of the Lukoil group. The agreement was signed for the sales by PKN ORLEN of gasoline and diesel oil to Lukoil Polska for the period between 1 January 2011 to 31 December 2011. The total estimated net value of the agreement amounts to PLN 1 601 m.

The total value of agreements signed between PKN ORLEN and companies from the Lukoil group during the last 12 months amounts to approximately PLN 2 797 m.

The total value of agreements signed between PKN ORLEN subsidiaries and companies from the Lukoil group during the last 12 months amounts to approximately PLN 619 m.

The agreements between PKN ORLEN and PKN ORLEN subsidiaries and companies from the Lukoil group were concluded for the sales of products and crude oil.

In accordance with the “Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information to be published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state” the abovementioned agreements constitute a “significant agreement” due to the fact that their total value exceeds 10% of PKN ORLEN’s equity.