Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") hereby informs that on 15 December 2014 the Extraordinary Shareholders Meeting of SIA Balin Energy headquartered in Riga, adopted a resolution regarding the liquidation of SIA Balin Energy on 15 December 2014 as well as appointing of Mr Janis Bogdasarovs as the liquidator of SIA Balin Energy. The application for the removal of SIA Balin Energy from the register of enterprises of the Republic of Latvia is to be filled within three days.

The business activity of SIA Balin Energy was exploration and appraisal of hydrocarbons in the Latvian economic zone of the Baltic Sea.

SIA Balin Energy is a company, in which 50% of shares is held by ORLEN International Exploration and Production Company B.V. (PKN ORLEN subsidiary) and 50% by KE Netherlands Cooperatief U.A.