UNIPETROL has completed the sale of Kaučuk

This morning, the contract on the sale of UNIPETROL’s 100% shares in KAUČUK, a.s. was signed between UNIPETROL, a.s. and the Polish chemicals producer FIRMA CHEMICZNA DWORY Spółka Akcyjna. The purchase price for Kaučuk shares amounts to EUR 195 million (approx. 5.4 billion CZK). The execution of the contract is the result of a tender process lasting almost one year, in which 11 investors participated.

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PKN ORLEN calls for selling shares

On 25 January 2007 PKN ORLEN submitted to the Vilnius Stock Exchange a purchase order with respect to all shares in AB Mazeikiu Nafta owned by the minority shareholders. The Company has also signed a cooperation agreement with the Government of Lithuania with regards to the compulsory purchase of shares from minority shareholders of Mazeikiu Nafta.

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Mazeikiu Nafta - The biggest transaction in the history

Today PKN ORLEN finalized the acquisition of a strategic stake in the Lithuanian company AB Mažeikių Nafta (MN). The Polish corporation acquired a total of 84.36% shares from Yukos International UK B.V. (Yukos) and the Lithuanian Government, paying $ 2.34 billion. PKN ORLEN has taken corporate control over the Lithuanian refinery by changing the composition of its Supervisory and Management Boards.

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Closure of the AB Mažeikių Nafta transaction

PKN ORLEN S.A. and Yukos International UK B.V. (Yukos) today issued irrevocable orders to a brokerage house in Vilnius to effect the transfer of shares in AB Mažeikių Nafta (MN) owned by Yukos to PKN ORLEN and to execute payment by the Polish corporation of the price for Mazeikiu amounting to $1.492 billion.

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Financing of the AB Mazeikiu Nafta acquisition

Today, 29th November 2006, PKN ORLEN signed the loan agreements which will allow the acquisition of AB Mazeikiu Nafta. The two syndicated loans, for a total value of EUR 1.6bn, are provided by eight Polish and international banks.

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PKN ORLEN - Good third quarter results

Despite a macroeconomic downturn, PKN ORLEN reported very good results in Q3 2006, due mainly to excellent retail fuel sales supported by very good and strong results in other segments, including Unipetrol.

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PKN ORLEN in talks with the Government of Lithuania on Mazeikiu Nafta

PKN ORLEN and the Lithuanian government are proceeding with the schedule for the closing of the transaction. The report of the Lithuanian governmental commission should be ready by 1st December 2006.

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An increased volume of fuel sales and Unipetrol’s profits had a positive effect on the ORLEN Group’s performance in Q2 2006

In Q2 2006 PKN ORLEN posted very good financial results, driven primarily by increased sales. There was also support from a positive macroeconomic environment and an increase in profits of the Unipetrol companies.

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Q1’2006 – poorer results, good prospects for the next quarter

Lower level of refining margins and a decrease in Ural-Brent differential significantly affected the financial results of ORLEN Group for Q1’2006. The decline of the operating result was also affected by limited gas supplies in a period of extremely low temperatures. In the first three months of this year ORLEN Group attained net profit at the level of PLN 365 million. i.e. 16% over Q4’ 2005, but 45% below performance in Q1’2005. ROACE amounted to 6.4%, and EBITDA profit was PLN 984 million. OPTIMA program brought about planned savings of PLN 54 million. The growing sales volumes in virtually all areas of Group’s operations and cost discipline give good prospects under more favorable macroeconomic conditions recorded in the second quarter this year.

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