ORLEN Deutschland signs wholesale agreement with Shell Deutschland Oil

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, announces that on 19 March 2007 ORLEN Deutschland AG signed a wholesale agreement with Shell Deutschland Oil GmbH, Hamburg for the sale of fuels to ORLEN Deutschland AG fuel stations in Germany. The agreement is binding for the period 1 January 2007 till 31 December 2007. The estimated value of the transaction amounts to approximately EUR 800 000 000, i.e. PLN 3 102 240 000 based on EUR/PLN average exchange rate as of 19 March 2007, stated by National Bank of Poland.

ORLEN Deutschland AG is wholly owned by PKN ORLEN.