Agreement between AB Mazeikiu Nafta, GT Trading OY and TRAFIGURA BEHEER B.V. Amsterdam

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) announces that on 02 October 2008 the agreement (“Agreement”) between AB Mazeikiu Nafta, GT Trading OY, headquartered in Espoo, Finland (“GT Trading OY”) and TRAFIGURA BEHEER B.V. Amsterdam, Branch Office Lucerne, Switzerland („TRAFIGURA BEHEER B.V. Amsterdam”) has come into force.

According to the terms of the Agreement TRAFIGURA BEHEER B.V. Amsterdam becomes a party of agreement, instead of GT Trading OY with the same trading conditions as the agreements for sales of gasoline and diesel signed on 31 January 2008. These agreements were announced by PKN ORLEN in regulatory announcement no 6/2008 dated 31 January 2008. At the same time the agreements for sales of gasoline and diesel, signed by AB Mazeikiu Nafta and GT Trading OY are terminated. TRAFIGURA BEHEER B.V. Amsterdam takes over GT Trading OY’s liabilities to AB Mazeikiu Nafta resulting from these agreements. The Agreement applies from 2 October till 31 December 2008. The value of the Agreement including the value of gasoline and diesel remaining for sale by AB Mazeikiu Nafta to TRAFIGURA BEHEER B.V. Amsterdam in 2008 amounts to approximately USD 500 million (i.e. PLN 1 223,5 million based on the average USD/PLN exchange rate as of 2 October 2008, stated by National Bank of Poland).

TRAFIGURA BEEHER B.V. owns 35% shares of the registered capital of GT Trading OY. The change of parties to the agreements for sales of gasoline and diesel resulting from signing the Agreement, have a technical nature and result from restructuring changes in TRAFIGURA BEHEER B.V. Amsterdam Capital Group.

AB Mazeikiu Nafta will not incur any financial consequences as a result of the termination of the agreements for sales of gasoline and diesel.

PKN ORLEN owns 90% of the 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 for sales of gasoline and diesel constitute “significant agreements” due to the fact that their total value exceeds 10% of PKN ORLEN’s equity.

See also: regulatory announcement no 6/2008 dated 31 January 2008.