No. 196/2009 | 30-12-2009
PKN ORLEN has signed the agreement for sale of fuels with ORLEN PetroCentrum
Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) hereby informs that on 30 December 2009 it signed two one-year agreements with ORLEN PetroCentrum Sp. z o.o. (“ORLEN PetroCentrum”). The agreements were signed for the sale by PKN ORLEN of gasoline and diesel oil to ORLEN PetroCentrum for the period 1 January 2010 to 31 December 2010.
The total estimated net value of the agreements amounts to PLN 4 989 483 000.
Agreement with estimated net value of PLN 3 504 228 000 is the agreement with the highest amount from the agreements concluded between PKN ORLEN and ORLEN PetroCentrum on 30 December 2009.
PKN ORLEN owns 100% of the shares in ORLEN PetroCentrum.
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 abovementioned agreements constitute a “significant agreement” due to the fact that their total value exceeds 10% of PKN ORLEN’s equity.