Mazeikiu Nafta has signed an agreement with Lithuanian Railways

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") hereby announces that on 17 February 2009 AB Mazeikiu Nafta signed an agreement for the transport of refining products with Lithuanian Railways (“ the Agreement”).

The Agreement will be valid up to the end of 2024. The total estimated value of the Agreement during the period up to termination amounts to approximately LTL 3 billion (i.e. PLN 4 198 500 000 based on the LTL/PLN average exchange rate as of 17 February 2009, stated by the National Bank of Poland).

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