No. 108/2009 | 28-07-2009
ORLEN Deutschland has signed the agreement with Deutsche BP Aktiengesellschaft
Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) hereby informs that on 28 July 2009 ORLEN Deutschland GmbH (“ORLEN Deutschland”) signed an agreement with Deutsche BP Aktiengesellschaft confirming conditions of the sale of fuels to ORLEN Deutschland fuel stations in Germany, for the period 1 January 2009 to 31 December 2009. The total estimated net value of the agreement amounts to approximately EUR 950 million, i.e. PLN 3 964 million based on EUR/PLN average exchange rate as of 28 July 2009, stated by National Bank of Poland.
In accordance with the “Regulation of the Minister of Finance, dated 19 February 2009, on current and periodic information to be published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state” the agreement signed by ORLEN Deutschland constitutes a “significant agreement” due to the fact that its value within the termination period exceeds 10% of PKN ORLEN’s equity.
PKN ORLEN owns 100% of the registered capital of ORLEN Deutschland.