Moody`s Investors Service affirmed issuer rating of PKN ORLEN and assigned provisional rating to planned eurobond issuance

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), informs that, on 20 June 2014 Moody`s Investors Service (“Moody’s”, “Agency”) affirmed the Baa3 issuer rating of PKN ORLEN and assigned a provisional (P)Baa3 rating to the Euro-denominated senior unsecured bonds planned to be issued by ORLEN Capital AB and guaranteed by PKN ORLEN. The outlook on all of the ratings is stable.

PKN ORLEN holds 100% of shares in Orlen Capital AB.

See also regulatory announcement no 404/2013 dated 6 November 2013.