Capital increase in ORLEN Petrogaz Plock

Further restructuring to PKN ORLEN Capital Group

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, today declared the purchase of 3,000 shares of ORLEN Petrogaz Plock Sp. z o.o. (“ORLEN Petrogaz Plock”) with a nominal value of PLN 1,000 each. This transaction was required by an increase of PLN 3 million in the share capital of ORLEN Petrogaz Plock from PLN 21,823,000 to PLN 24,823,000.

The capital increase was effected through the contribution of 16,000 shares in ORLEN Petrogaz Wroclaw Sp. z o.o. (“ORLEN Petrogaz Wroclaw”), with a total nominal value of PLN 1,600,000, and 140 shares of ORLEN Petrogaz Lapy Sp. z o.o. (“ORLEN Petrogaz Lapy”), with a total nominal value of PLN 1,400,000. The value of these shares is equivalent to their nominal value.

PKN ORLEN owns 100 percent of ORLEN Petrogaz Plock.

Prior to the transaction PKN ORLEN held 51.61 percent in ORLEN Petrogaz Wroclaw (the reminder was owned by Eco-Gaz Sp. z o.o.) and 39.55 per cent in ORLEN Petrogaz Lapy (the reminder is owned by ORLEN Petrogaz Plock with 50.84 percent, and Zaklady Naprawy Taboru Kolejowego Lapy with 9.61 percent).

Following this capital increase PKN ORLEN no longer holds a stake in either ORLEN Petrogaz Wroclaw or ORLEN Petrogaz Lapy. The above transaction marks another step in the restructuring of PKN ORLEN’s Capital Group including the restructuring of the LPG distribution network.