Mazeikiu Nafta established UAB EMAS

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") announces that on 2 March 2009, UAB EMAS, a private limited liability company headquartered in Juodeikiai, LT-89467 Mazeikiai district, Republic of Lithuania, was registered with the Register of Legal Entities („UAB EMAS”).

On 20 February 2009, AB Mazeikiu Nafta („AB Mazeikiu Nafta”) signed the Act of Establishment of UAB EMAS and, as the sole Incorporator, has subscribed for 5 200 000 shares in UAB EMAS with a nominal value of LTL 1 (i.e. PLN 1.3752 based on LTL/PLN average exchange rate as of 2 March 2009, stated by National Bank of Poland) each (“Acquired Shares”), representing 100% of the authorized capital of UAB EMAS. The Acquired Shares grant AB Mazeikiu Nafta 100% of the votes at the General Meeting of Shareholders of UAB EMAS. The total price for the Acquired Shares amounts to LTL 5 200 000 (i.e. PLN 7 151 040 based on LTL/PLN average exchange rate as of 2 March 2009, stated by National Bank of Poland).

The initial contribution for the Acquired Shares amounting to LTL 1 300 000 (i.e. PLN 1 787 760 based on LTL/PLN average exchange rate as of 2 March 2009, stated by National Bank of Poland) has been paid by AB Mazeikiu Nafta in the form of cash. AB Mazeikiu Nafta shall pay the rest part of the issue price by cash contributions to be made within 12 months from the date of signing of the Act of Establishment. AB Mazeikiu Nafta’s investment in UAB EMAS is of the long-term nature.

The primary purpose of the UAB EMAS shall be exercise of the activities providing the services of installation and maintenance of electrical equipment as well as other associated services for natural and legal persons.

The Board of UAB EMAS consists of 4 members all of them being the employees of AB Mazeikiu Nafta.

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

As the Acquired Shares represent more that 20% of the registered capital of UAB EMAS, they are significant assets in accordance with par. 2 section 1 point 52 and section 5 of the Polish Regulation of the Minister of Finance dated 19 October 2005, on current and periodic information to be published by issuers of securities.