ORLEN meets the 2008 National Index Target (NCW)

PKN ORLEN has reported on last year's results of implementing its biofuel strategy. The National Index Target (NCW) was met with biocomponents making up 3.46% at a total cost of PLN 63m.

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Mazeikiu Nafta has signed an agreement with Lithuanian Railways

PKN ORLEN hereby announces that on 17 February 2009 AB Mazeikiu Nafta signed an agreement for the transport of refining products with Lithuanian Railways.

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Second Diesel oil hydrodesulphurisation unit (HON) upgraded

The Mazeikiu refinery has launched upgrading works at the second Diesel oil hydrodesulphurisation unit. Completion is scheduled for early April.

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Fitch Ratings downgraded rating for PKN ORLEN

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN", “Company”), informs that, on 2 March 2009 Fitch Ratings (“Agency”) has downgraded PKN ORLEN's long-term international credit rating from “BBB-/negative outlook (Rating Watch Negative) “ to „BB+ (Rating Watch Negative)”. The Agency also downgraded PKN ORLEN’s short-term rating from “F3” to „B”.

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PKN ORLEN - 2008 consolidated financial results

The Group's 2008 financial results were affected by negative macroeconomic circumstances in Q4. A reversal of the trend of rising oil prices cut the reported operating profit by approx. PLN 2.7bn, whereas fluctuating f/x rates negatively impacted reported financial costs by over PLN 1.5bn. However, please note that the evaluation of stocks and f/x differences influenced the reported result predominantly from an accounting, not cash, perspective.

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USD 63 million for Mazeikiu Nafta

Mazeikiu Nafta has recived USD 63m of insurance in the third tranche of reimbursements after the Vacuum Distillation Column fire in 2007. The first tranche of USD 70m was transferred to Mazeikiu Nafta at the end of September 2007. In January 2008 the company received another USD 40m.

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PKN ORLEN and SYNTHOS canceled contract for delivery of ethylobenzene

PKN ORLEN announces that with regard to the agreement signed with Synthos SA, both sides have decided to cancel the realization of the contract, signed at the begining of the year 2007, which was conected with the building of the instalation for production of ethylobenzene and delivering it to SYNTHOS SA.

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PKN ORLEN tops the „2000 List”

PKN ORLEN has topped the „2000 List” ranking by Rzeczpospolita. The record-breaking financial results of 2007 enabled the corporation to defend its last year’s leading position.

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Poland’s most modern Thermal Waste Treatment Plant

ORLEN Eko, the ORLEN Group Company, has today launched the most modern thermal waste treatment plant in Poland. The facility is the first plant in the country capable of processing of external dried municipal sewage sludge.

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