A purchase offer of series A convertible bonds

The Management Board of Polski Koncern Naftowy ORLEN S.A. (PKN ORLEN) discloses that ORLEN POWIERNIK Sp. z o.o (ORLEN Powiernik), the trustee company that manages the management incentive programme and which is 100% owned by PKN ORLEN, made a purchase offer today of series A convertible bonds which are to be converted into series D shares of PKN ORLEN.

PKN ORLEN Board Members are entitled to receive 1,640,493 (one million six hundred forty thousand four hundred and ninety three) bonds at a purchase price equal to the average share price at the Warsaw Stock Exchange for 30 trading days before the appointment of each individual Board Member and increased by 10%. However, the price cannot be lower than the bond's issue price of 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.