Offer of purchasing series A convertible bonds into series D shares of PKN ORLEN

The Management Board of Polski Koncern Naftowy ORLEN Spółka Akcyjna (PKN ORLEN), informs that ORLEN POWIERNIK Sp. z o.o (ORLEN Powiernik), a company where PKN ORLEN holds 100% shares, within the incentive management option programme - addressed the Board members of PKN ORLEN with a purchase invitation of series A convertible bonds to be then converted into series D shares of PKN ORLEN.

PKN ORLEN Board Members are entitled to receive 428 564 (four hundred twenty eight thousand five hundred sixty four) bonds at the purchase price equal to average shares price at Warsaw Stock Exchange from 30 quotation days before the day of applying the Board Member increased by 10%. The price cannot be lower than issue price PLN 20,30. (In accordance with Resolution No 11 dated 15th May 2000 regarding issuance of series A convertible bonds).

The Management Board of PKN ORLEN S.A.