Agreements between PKN ORLEN and Vitol

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 12 December 2013 it signed a spot agreement with Vitol S.A., Geneva, Switzerland („Vitol”) for crude oil deliveries to PKN ORLEN. The estimated net value of the agreement amounts to approximately USD 79 million (i.e. approximately PLN 241 million, based on the average PLN/USD exchange rate as of 12 December 2013, as stated by the National Bank of Poland).

The total estimated value of agreements signed between PKN ORLEN and Vitol in the period between 12 September 2013 and 12 December 2013 amounts to approximately USD 751 million (i.e. approximately PLN 2 327 million, based on the average PLN/USD exchange rates as of the dates of signing the agreements, as stated by the National Bank of Poland).

Agreement dated 24 September 2013 is the agreement with the highest amount from among all agreements concluded between PKN ORLEN and Vitol in the period between 12 September 2013 and 12 December 2013. The estimated value of the agreement amounts to approximately USD 81 million (i.e. approximately PLN 254 million, based on the average PLN/USD exchange rate as of 24 September 2013, as stated by the National Bank of Poland). The agreement was concluded for crude oil deliveries to ORLEN Lietuva.

PKN ORLEN S.A. owns 100% of ORLEN Lietuva shares.

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.