Agreements between ORLEN Capital Group and Wrist group

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 23 May 2013 it signed spot agreements with OW Supply & Trading A/S, company belonging to the Wrist group, for sales of heavy feating oil. The total estimated net value of the agreements amounts to approximately USD 104 million (i.e. approximately PLN 338 million, based on the average PLN/USD exchange rate as of 23 May 2013, as stated by the National Bank of Poland).

The total estimated value of agreements signed between PKN ORLEN and PKN ORLEN subsidiaries (“ORLEN Capital Group”) and companies from Wrist group in the period between 7 June 2012 and 23 May 2013 amounts to approximately PLN 2 436 million. The agreements between ORLEN Capital Group and companies from Wrist group were concluded for the purchase and sales of products.

Agreement dated 4 January 2013 is the agreement with the highest amount from among all agreements concluded between ORLEN Capital Group and companies from Wrist group in the period between 7 June 2012 and 23 May 2013. The estimated value of the agreement amounts to approximately USD 60 million (i.e. approximately PLN 190 million, based on the average PLN/USD exchange rate as of 4 January 2013, as stated by the National Bank of Poland). The agreement was concluded between PKN ORLEN and OW Supply & Trading A/S and concerned sales of  heavy feating oil.

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.