Agreements between ORLEN Group and Statoil Group

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) announces that it has been informed that on 24 January 2012 the Management Board of AB ORLEN Lietuva, (“ORLEN Lietuva”), approved conclusion of one-year agreements between SIA ORLEN Latvija (subsidiary of ORLEN Lietuva) and SIA Latvija Statoil, as well as between OU ORLEN Eesti (subsidiary of ORLEN Lietuva) and AS Eesti Statoil.

On the base of the agreements SIA ORLEN Latvija and OU ORLEN Eesti will sell to SIA Latvija Statoil and to AS Eesti Statoil diesel oil, gasoline and JET fuel in the period between 1 January 2012 to 31 December 2012. The total estimated net value of the agreements amounts to USD 463 m (i.e. approximately PLN 1 527 m, based on the average PLN/USD exchange rate as of 24 January 2012, as stated by the National Bank of Poland).

The total estimated value of agreements signed between PKN ORLEN, its subsidiaries (ORLEN Group) and companies from the Statoil Group in the period between 22 November 2011 to 3 February 2012 amounts to approximately PLN 2 904 million.

Agreement approved on 24 January 2012 is the agreement with the highest amount from among all agreements concluded between ORLEN Group and Statoil Group in the period between 22 November 2011 to 3 February 2012. The estimated value of the agreement amounts to approximately USD 284 million (i.e. approximately PLN 936 million, based on the average PLN/USD exchange rate as of 24 January 2012, as stated by the National Bank of Poland). The agreement was concluded between SIA ORLEN Latvija and Latvija Statoil and concerns diesel oil and gasoline sales in 2012.

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.

PKN ORLEN owns 100% shares in ORLEN Lietuva.