Sale of Lubeoil Division

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe's largest downstream oil company, hereby informs that on 1st July PKN ORLEN signed a sale contract regarding the sale of a self-operating part of PKN ORLEN – Lubeoil Division, for a total net price of PLN 47,391,125.96, to ORLEN Oil Sp. z o.o. with its headquarters in Cracow.

The aforementioned deal represents a further step in the restructuring process of PKN ORLEN. The sale is to consolidate the production and sale of lubricating and motor oils in the PKN ORLEN Capital Group. It is also a further stage in the process of integrating the production of base oils and the production and sale of finished products such as motor and lubricating oils.

As of 1st July, PKN ORLEN was in possession of a 9% shareholding in the initial capital of ORLEN Oil.

About PKN ORLEN SA
PKN ORLEN S.A. is one of the largest companies in Central & Eastern Europe, with listings on the Warsaw and London Stock Exchanges, and trading on the OTC market in the U.S.A. It is Poland’s largest refiner of crude oil and marketer of world-class petroleum and related products. It has a substantial wholesale and retail distribution system that includes the largest network of service stations in Poland. It also has significant financial investments in the telecommunications sector in Poland.