No. 111/ 2015
| 31-07-2015
Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) hereby informs that on 30 July 2015 within ORLEN Capital Group there was concluded agreement with company from Vitol group. The total estimated value of agreements signed between ORLEN Capital Group and companies from the Vitol group in the period from 4 March 2015 to 31 July 2015 amounts to approximately PLN 1,71 billion. The agreements between ORLEN Capital Group and companies from the Vitol group were concluded for purchase of crude oil.
Agreement dated 8 May 2015 is the agreement with the highest value from among all agreements concluded between ORLEN Capital Group and Vitol group in the period from 4 March 2015 to 31 July 2015. The estimated value of the agreement amounts to approximately PLN 167 million. The agreement was signed between PKN ORLEN and VITOL S.A. for crude oil deliveries to AB ORLEN Lietuva.
PKN ORLEN S.A. owns 100% of ORLEN Lietuva shares.
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.