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PKN ORLEN has signed the agreement for sales of fuels with Lukoil Polska
12-01-2015

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) hereby informs that on 12 January 2015 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 2015 and 31 December 2015. The total estimated net value of the agreement amounts to PLN 1,28 bn.

The total value of agreements signed between PKN ORLEN and PKN ORLEN subsidiaries and companies from the Lukoil group in the period from 11 January 2014 to 12 January 2015 amounts to approximately PLN 2,4 bn.

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


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