No. 9/2007 | 25-01-2007
ORLEN Deutschland signs wholesale contract with Deutsche BP Aktiengesellschaft
Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, announces that on 25 January 2007 ORLEN Deutschland AG signed a wholesale agreement with Deutsche BP Aktiengesellschaft for the sale of fuels to ORLEN Deutschland AG. The agreement is binding for the period 1 January 2007 till 31 December 2007.
The estimated value of the transaction amounts to approximately EUR 900 000 000, i.e.
PLN 3 490 650 000 based on EUR/PLN average exchange rate as of 25 January 2007, stated by National Bank of Poland.
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 above mentioned agreement constitutes “significant agreement” due to the fact that its value exceeds 10% of PKN ORLEN’s equity.
ORLEN Deutschland AG is wholly owned by PKN ORLEN.