PKN ORLEN Supervisory Board consent to Eurobonds issue within the ORLEN Capital Group

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN") hereby informs that on 20 May 2014 the PKN ORLEN Supervisory Board gave consent to start the process leading to issue of Eurobonds of the maximum value up to EUR   1 000 m (i.e. ca. PLN 4 191 m) and maximum 10 years tenor. The issue will be conducted by special vehicle company, in which the only owner/shareholder will be PKN ORLEN, acting also as the issue guarantor.

The amount in PLN has been calculated based on the average PLN/EUR exchange rate as of 20 May 2014, as stated by the National Bank of Poland.