No. 96/ 2015
| 25-06-2015
Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) hereby informs that on 25 June 2015 ORLEN Deutschland GmbH, PKN ORLEN’s subsidiary (“ORLEN Deutschland”) signed yearly agreement with BP Europe SE, member of the BP group. The agreement was signed for the sale of fuels to ORLEN Deutschland fuel stations in Germany till 31 December 2015. The estimated net value of the agreement amounts to EUR 1,22 bn (i.e. approximately PLN 5,07 bn based on EUR/PLN average exchange rate as of 25 June 2015, stated by the National Bank of Poland).
The total estimated value of agreements signed between ORLEN Capital Group and companies from the BP group in the period from 13 January 2015 to 25 June 2015 amounts to approximately PLN 5,55 billion. The agreements between ORLEN Capital Group and companies from the BP group were concluded for the purchase and sales of products and purchase of crude oil.
PKN ORLEN owns 100% of the registered capital of ORLEN Deutschland.
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.