Signing the agreement with Shell Polska

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, hereby informs that on 29 December 2006 it signed a one-year agreement with Shell Polska Sp. z o.o. („Shell Polska”). The agreement was signed for the sale by PKN ORLEN of gasoline and diesel oil to Shell Polska for the period 1 January 2007 to 31 December 2007.
The total estimated value of the agreement amounts to approximately PLN 3,883,000,000.

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 agreement signed by PKN ORLEN constitutes a “significant agreement” due to the fact that its value within the termination period exceeds 10% of PKN ORLEN’s equity.

See also: Regulatory announcement no 3/2006 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).