PKN ORLEN signed new contracts for oil supplies

On 7 July 2009 PKN ORLEN signed a term contract for REBCO oil supplies in Q3 2009 via the Druzhba pipeline for the Czech company, Unipetrol. The oil will be supplied by Star Oil Establishment, which has its offices in Liechtenstein. The contract's estimated worth is to be $134m. Until now, Star Oil Establishment has supplied Unipetrol with oil under spot contracts, which have totalled $568m over the last 12 months.

PKN ORLEN receives IR Magazine's Best Investor Relations by a Polish Company award

Once again, representatives of the capital market have awarded PKN ORLEN the title of Best Investor Relations by a Polish Company. This year's results were announced at a gala awards ceremony in London.

Candidate of Mr. Stanislaw Wedler for the independent member of the PKN ORLEN Supervisory Board

Today, PKN ORLEN shareholder, AIG OFE (pension fund) informed the Company about its intention to propose candidate of Mr. Stanislaw Wedler for the independent member of the PKN ORLEN Supervisory Board at the Ordinary General Meeting of the Company convened for 30 June 2009.

PKN ORLEN SA and PGNiG SA will jointly perform an Exploitation Project in Poland.

PKN ORLEN SA and PGNiG SA will jointly perform an Exploitation Project in Wielkopolska Province, Poland. On June 22nd 2009 PKN ORLEN S.A. (ORLEN) and Polskie Górnictwo Naftowe i Gazownictwo S.A. (PGNiG) signed a Joint Operation Agreement to work on an Exploration-Production Project located in the North-Western part of Poland.

Changes in PKN ORLEN Statutes

More transparent shareholdership, more precise terms of possible interrelations between shareholders and adjusting the Statutes to the amended Polish Code of Commercial Companies are the main objectives of the changes to the Company Statutes proposed by PKN ORLEN Management Board. The changes will be subject to vote on PKN ORLEN General Meeting scheduled for 30 June 2009.

Bioethanol - PKN ORLEN to announce invitation to tender

BIOETHANOL – PKN ORLEN TO ANNOUNCE INVITATION TO TENDER In a few days, an invitation to tender will be announced for the delivery of bioethanol for PKN ORLEN companies in their home markets for the period from October 2009 to September 2010.

Changes of the Company Statutes

The General Meeting of Shareholders of PKN ORLEN, which recommenced its meeting today after a two-week break, decided to adopt changes in the provisions of the Company Statutes regarding limitations to the Shareholders' right to vote. The General Meeting of Shareholders also adopted changes resulting in the updating and expanding of the provisions of the Company Statutes for the purpose of their compliance with the generally applicable provisions of law.

PKN ORLEN - Financial results for the 1ST quarter 2009

Despite the global economic crisis, in the 1st quarter this year, the Company managed to increase its sales volumes as well as its market share. The Capital Group implemented a number of operational projects and generated over PLN 1.1 bn of operating cash flow. The Company's financial results in the 1st quarter of this year remained under the strong influence of falling crude oil prices, reduced petrochemical margins and weakening Polish currency against the US dollar and euro. Consequently, in the 1st quarter of 2009, PKN ORLEN reported an operating loss of PLN 320 mn.

PKN ORLEN - 2008 consolidated financial results

The effects of particularly adverse macroeconomic conditions last year and the results of required tests for impairment of fixed asset significantly affected the level of PKN ORLEN Capital Group financial results in 2008.