Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 26 March 2010 it signed a spot agreement with Glencore Energy UK Ltd., London, United Kingdom („Glencore”), for crude oil deliveries to Unipetrol RPA s.r.o. (“Unipetrol RPA”). The estimated net value of the agreement amounts to approximately USD 27.6 million (i.e. approximately PLN 80 million, based on the average PLN/USD exchange rate as of 26 March 2010, as stated by the National Bank of Poland).

The total estimated value of agreements signed between PKN ORLEN and Glencore during the last 12 months amounts to approximately USD 592 million (i.e. approximately PLN 1 712 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 26 January 2010 is the agreement with the highest amount from among all agreements concluded between PKN ORLEN and Glencore during the last 12 months. The estimated value of the agreement amounts to approximately USD 77 million (i.e. approximately PLN 225 million, based on the average PLN/USD exchange rate as of 26 January 2010, as stated by the National Bank of Poland). The agreement was concluded for crude oil deliveries to Unipetrol RPA.

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.

Unipetrol RPA is a company, in which 100% of shares is held by Unipetrol a.s. PKN ORLEN owns ca. 63% share in Unipetrol a.s.