ORLEN Lietuva has signed the agreement for sales of high sulfur fuel oil with MAERSK A/S

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) announces that it has been informed that on 18 January 2011 AB ORLEN Lietuva, PKN ORLEN’s subsidiary (“ORLEN Lietuva”) signed one-year agreement with MAERSK A/S, headquartered in Copenhagen (“MAERSK”). The agreement was signed for the sales by ORLEN Lietuva of high sulfur fuel oil to MAERSK for the period between 1 January 2011 to 31 December 2011. The total estimated net value of the agreement amounts to USD 685 m (i.e. approximately PLN 1 976 m, based on the average PLN/USD exchange rate as of 18 January 2011, as stated by the 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 abovementioned agreement constitutes a “significant agreement” due to the fact that its value exceeds 10% of PKN ORLEN’s equity.

PKN ORLEN owns 100% shares in ORLEN Lietuva.