Agreements between PKN ORLEN and Devonoil

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 19 August 2013 it signed a spot agreement with Devonoil S.A., Zug, Switzerland („Devonoil”), for crude oil deliveries to PKN ORLEN. The estimated net value of the agreement amounts to approximately USD 80 million (i.e. approximately PLN 254 million, based on the average PLN/USD exchange rate as of 19 August 2013, as stated by the National Bank of Poland).

The total estimated value of agreements signed between PKN ORLEN and Devonoil in the last twelve months amounts to approximately USD 761 million (i.e. approximately PLN 2 428 million, based on the average PLN/USD exchange rates as of the dates of signing the agreements, as stated by the National Bank of Poland).

Agreement dated 31 January 2013 is the agreement with the highest amount from among all agreements concluded between PKN ORLEN and Devonoil in the last twelve months. The estimated value of the agreement amounts to approximately USD 84 million (i.e. approximately PLN 261 million, based on the average PLN/USD exchange rate as of 31 January 2013, as stated by the National Bank of Poland). The agreement was concluded for crude oil deliveries to PKN ORLEN.

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.