PKN ORLEN has signed agreement with ORLEN PetroCentrum

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) hereby informs that on 27 December 2007 it signed a one-year agreement with ORLEN PetroCentrum Sp. z o.o. (“ORLEN PetroCentrum”). The agreement was signed for the sale by PKN ORLEN of gasoline and diesel oil to ORLEN PetroCentrum for the period 1 January 2008 to 31 December 2008.

The total estimated net value of the agreement amounts to approximately PLN 4,614,892,000.

PKN ORLEN owns 100% of the shares in ORLEN PetroCentrum.

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

See also: Regulatory announcement no 89/2006 dated 28 December 2006.

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).