Agreement between AB Mazeikiu Nafta and ESC Trading S.A.

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) announces that on 2 December 2008 AB Mazeikiu Nafta and ESC Trading S.A., Geneve („ESC Trading S.A.”) signed annual agreement for sales of diesel by sea.

Under the terms of the agreement AB Mazeikiu Nafta will sell diesel to ESC Trading S.A. in 2009. The estimated net value of the agreement amounts to approximately USD 600 million (i.e. PLN 1 824 million based on the average USD/PLN exchange rate as of 2 December 2008, stated by National Bank of Poland).

The total estimated net value of the agreements signed between AB Mazeikiu Nafta and ESC Trading S.A. in the last 12 months amounts to approximately USD 686,2 million (i.e. PLN 2 086 million based on the average USD/PLN exchange rate as of 2 December 2008, stated by National Bank of Poland).

PKN ORLEN owns ca. 90% shares in AB Mazeikiu Nafta.

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 agreements constitute “significant agreements” due to the fact that their total value exceeds 10% of PKN ORLEN’s equity.