Agreements between ORLEN Capital Group and Lukoil Group

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") announces that on 27 December 2013 the Management Board of AB ORLEN Lietuva, (“ORLEN Lietuva”) signed one year agreement with UAB Lukoil Baltija, company belonging to the Lukoil group, for sales of gasoline and diesel in the period from 1 January 2014 to 31 December 2014. Total estimated net value of the agreement amounts to approximately USD 372 million (i.e. approximately PLN 1 121 million, based on the average PLN/USD exchange rate as of 27 December 2013, as stated by the National Bank of Poland).

The total estimated value of agreements signed between PKN ORLEN and its subsidiaries and companies from the Lukoil group in the period between 18 May 2013 and 27 December 2013 amounts to approximately PLN 2 718 million. The agreements between PKN ORLEN and PKN ORLEN subsidiaries and companies from the Lukoil group were concluded for the sales of products and purchase of crude 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.