PKN ORLEN has signed an agreement with Lukoil Warsaw for the sale of fuels

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) hereby informs that on 16 January 2008 it signed a one-year agreement with Lukoil Warsaw Sp. z o.o. (“Lukoil Warsaw”). The agreement was signed for the sale by PKN ORLEN of gasoline and diesel oil to Lukoil Warsaw for the period 16 January 2008 to 31 December 2008. The estimated net value of the agreement amounts to approximately PLN 1,054,718,000 (gross value: PLN 1,286,756,000).

Moreover, within the last 12 months, PKN ORLEN has signed with Lukoil Warsaw three additional agreements for the sale of gasoline and diesel oil to Lukoil Warsaw .
The total estimated net value of all the agreements concluded by PKN ORLEN with Lukoil Warsaw within the last twelve months amounts to PLN 1,660,091,500 (gross value: PLN 2,025,312,300).

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 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).