European Commission approval for taking control by PKN ORLEN S.A. over Grupa LOTOS S.A.

TPKN ORLEN S.A. (“PKN ORLEN”, „Company”) informs that the European Commission (“Commission”) has approved the purchasers of the assets that are being disposed in order to implement the remedies (“Remedies”) that were specified in conditional decision of the Commission as of 14 July 2020 on the concentration involving the acquisition of control by PKN ORLEN over Grupa LOTOS S.A. headquartered in Gdańsk (“Grupa LOTOS”). The Commission has also approved the preliminary and/or conditional agreements concluded with those purchasers.

The promised agreements with the abovementioned purchasers shall be concluded and, as the case may be, the conditional agreements shall come into force within 6 months from the day of their approval by the Commission.

See also: regulatory announcement no 26/2018 as of 27 February 2018, no 106/2018 as of 30 November 2018, no 31/2019 as of 3 July 2019, no 34/2019 as of 26 August 2019, no 42/2020 as of 14 July 2020, no 43/2020 as of 14 July 2020, no 45/2021 as of 12 November 2021, no 1/2022 as of 12 January 2022, no 2/2022 as of 12 January 2022, no 23/2022 as of 2 June 2022, no 24/2022 as of 2 June 2022 and no 25/2022 as of 15 June 2022.