Mandatory buy out of Mazaikiu Nafta

Decision of the Lithuanian Court – mandatory buy out of shares of AB Mazeikiu Nafta Today the Lithuanian Court issued a decision concerning mandatory buy-out of shares in AB Mazeikiu Nafta

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New Board Member at ORLEN Deutschland

Josef Busch will replace Krzysztof Zak as CEO of ORLEN Deutschland in mid-September. ORLEN Deutschland is PKN ORLEN’s 100 per cent owned retail arm in Germany. Krzysztof Zak has been offered a position with Mazeikiu Nafta, PKN ORLEN’s subsidiary in Lithuania.

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PKN ORLEN at the XVII Economic Forum in Krynica

On 5 – 8 September, Krynica Gorska, Poland, will host the XVII Economic Forum, which is often referred to as the Polish Davos. PKN ORLEN, as an organization deeply interested in the economic issues of today’s Europe, is a partner of the Forum. Representatives of the Company will participate in discussion panels on the fuel sector and energy security.

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Mazeikiu Nafta prepares for general repair

Aiming to ensure the continuous and secure performance of the AB Mazeikiu Nafta refinery, the Lithuanian company will soon commence the general renovation of its production facilities. The investment is scheduled to begin on 22nd September 2007 and finish within approximately six weeks. The total repair and modernization cost is estimated at USD 80m.

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Polimex to construct a new plant for PKN ORLEN

PKN ORLEN has entered into a contract with Polimex-Mostostal for general civil engineering and construction work of the PTA plant (terephthalic acid plant).

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Shutdowns at UNIPETROL Group companies will enable equipment upgrades and production capacity increase

Prague, 13 August 2007 – “The investment into maintenance will lead to an improvement of the reliability of all units and to their production capacity increase, which will bring us growth and additional profits in the future,” explains François Vleugels, Chairman of the Board of Directors and CEO of Unipetrol.

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PKN ORLEN second quarter 2007 results

Excellent results in the retail and petrochemical segments and from the cost reduction programme in Q2 2007 have contributed to the ORLEN Group's very good results. Also, for the first time since the disruption in processing capacity due to fire damage, Mazeikiu Nafta generated a positive operating result. PKN ORLEN's EBITDA was PLN 1 874m which, compared to the same period last year, represents a 14% increase. The results of the OPTIMA program were 200% better than in Q2 2006.

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Mazeikiu Nafta to Produce Cleaner Gasoline

AB Mazeikiu Nafta has built a FCC Gasoline Hydrotreatment Unit which will enable the Company to reduce the sulphur content in its gasoline five-fold. The new 135 million Lita unit will allow gasoline to be desulphurized up to the level which will be required and applicable by the EU from 2009.

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Contract with Mitsubishi Heavy Industries

PKN ORLEN has today entered into an Agreement with Mitsubishi Heavy Industries regarding a technical project and the delivery of raw materials, facilities and technical assistance for the construction of a PTA plant in Wloclawek (Poland). The Agreement was concluded on the basis of a MEC license.

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