17.03.2009

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.

The Agreement will be valid up to the end of 2024. The total estimated value of the Agreement during the period up to termination amounts to approximately LTL 3 billion (i.e. PLN 4 198 500 000 based on the LTL/PLN average exchange rate as of 17 February 2009, stated by the National Bank of Poland).

PKN ORLEN owns ca. 90% of the shares in AB Mazeikiu Nafta.