PKN ORLEN S.A. has signed an agreement with Rafineria Trzebinia for the supply of diesel blended with bio-components

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”), Central Europe’s largest downstream oil company, announces that on 25 April 2007 a service agreement with Rafineria Trzebinia was signed (“Rafineria Trzebinia”), in which Rafineria Trzebinia will produce for PKN ORLEN a diesel - Ekodiesel Ultra – blended with up to 5% of fatty acid methyl ester (“Agreement”).

The Agreement is concluded for an undetermined period and came into force on 1 February 2007. The estimated value of the Agreement in the first five years has been assessed at ca. PLN 2 billion.

The subject of the Agreement is for the provision by Rafineria Trzebinia to PKN ORLEN of services connected with the blending of diesel with up to 5% of bio-components (fatty acid methyl ester - FAME) in the Rafineria Trzebinia depot.

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 a “significant agreement” due to the fact that its value exceeds 10% of PKN ORLEN’s equity.

Furthermore, during the previous 12 months PKN ORLEN has signed with Rafineria Trzebinia the following agreements, for a total amount estimated at ca. PLN 126 million:
- 14 February 2007 – logistic services for PKN ORLEN.,
- 2 April 2007 – fuel for pyrolysis sales to PKN ORLEN,
- 13 December 2006 – fatty acid methyl ester sales to PKN ORLEN,
- 13 December 2006 – Ekoterm Plus, i.e. light heating oil, sales to PKN ORLEN,
- 16 November 2006 – fuel for pyrolysis sales to PKN ORLEN.

PKN ORLEN S.A. owns 77.2% of the initial capital of Rafineria Trzebinia.