Agreements signed with J&S Energy

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) hereby informs that on 27 December 2007 it signed three one-year agreements with J&S Energy S.A. (“J&S Energy”). The total estimated net value of all the above-mentioned agreements amounts to approximately PLN 1,570,297,723 (gross value: PLN 1,915,763,222).

The first agreement was signed for the sale by PKN ORLEN of gasoline and diesel oil to J&S Energy S.A. for the period 1 January 2008 to 31 December 2008. The estimated net value of the first agreement amounts to approximately PLN 896,793,000 (gross value: PLN 1,094,087,460).

The second and the third agreements were signed for the purchase by PKN ORLEN of gasoline and diesel oil from J&S Energy for the period 1 January 2008 to 31 December 2008. The estimated net value of the second and third agreements amounts respectively to PLN 150,468,223 (gross value: PLN 183,571,232) and PLN 523,036,500 (gross value: PLN 638,104,530).

Moreover, PKN ORLEN has concluded within the last twelve months with J&S Energy other agreements for the sale and purchase of gasoline and diesel oil with a total net value amounting to PLN 72,981,640 PLN (gross value: PLN 89,037,600).

The total estimated value of all of the agreements concluded by PKN ORLEN with J&S Energy within the last twelve months amounts to PLN 1,643,279,363 (gross value: PLN 2,004,800,823).

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

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).