ORLEN PetroCentrum signed the agreements with ORLEN PetroTank

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, hereby informs that on 29 December 2006 a PKN ORLEN’s subsidiary - ORLEN PetroCentrum Sp. z o.o. („ORLEN PetroCentrum”) signed two agreements with Orlen PetroTank Sp. z o.o. („Orlen PetroTank”). The agreements were signed for the sale of gasoline and diesel oil by ORLEN PetroCentrum to ORLEN PetroTank for the period 1 January 2007 to 31 December 2007.

The total estimated value of the agreements signed on 29 December 2006 amounts to:
- PLN 694 m in case of the first agreement,
- PLN 133 m in case of the second agreement.

Moreover, ORLEN PetroCentrum has concluded within the last twelve months with ORLEN PetroTank following agreements:
- on 30 December 2005 - an agreement for the sale of gasoline and diesel oil for the period 1 January 2006 to 31 December 2006 with its value amounting to approximately PLN 670 m,
- on 30 December 2005 - an agreement for the sale of gasoline and diesel oil for the period 1 January 2006 to 31 December 2006 with its value amounting to approximately PLN 137 m,
- on 30 June 2006 - an agreement for the sale of gasoline for the period 1 July 2006 to 31 July 2006, with its value amounting to approximately PLN 9 m.

The total, estimated value of all of the agreements concluded by ORLEN PetroCentrum with ORLEN PetroTank within the previous twelve months amounts to PLN 1 643 m.
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 ORLEN PetroCentrum constitutes a “significant agreements” due to the fact that their total value within the termination period exceeds 10% of PKN ORLEN’s equity.

PKN ORLEN holds 100% of shares in Orlen PetroCentrum and 90% of shares in ORLEN PetroTank.

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).