Signing the agreements with Orlen PetroCentrum

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, hereby informs that on 28 December 2006 it signed two one-year agreements with Orlen PetroCentrum Sp. z o.o. („Orlen PetroCentrum”). The agreements were signed for the sale by PKN ORLEN of gasoline and diesel oil to Orlen PetroCentrum for the period 1 January 2007 to 31 December 2007.
The total estimated value of the first agreement amounts to approximately PLN 3,604,000,000 and the estimated value of the second agreement amounts to approximately PLN 522,000,000.
The total value of both agreements amounts to approximately PLN 4,126,000,000.

PKN ORLEN holds 100% of shares in Orlen PetroCentrum.

In accordance with the “Regulation of the Minister of Finance dated 19 October 2005 on current and periodic information to be published by the issuers of securities” the agreements signed by PKN ORLEN constitutes a “significant agreements” due to the fact that their total value within the termination period exceeds 10% of PKN ORLEN’s equity.

See also: Regulatory announcement no 1/2006 dated 4 January 2006.

This announcement has been prepared pursuant to par. 5 section 1 subsection 3 and § 9 of the Regulation of the Minister of Finance dated October 19th, 2005 on current and periodic information to be published by issuers of securities (Journal of Laws No. 209, item 1744).