Costs summary of domestic public programme of bonds issue dedicated to individual investors

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN") hereby informs about the costs of the domestic public programme of bonds issue dedicated to individual investors (“Programme”).

The total costs of the Programme amounted to PLN 8 397 811,77. Under the Programme six issues including 2 000 000 of Series A bonds, 2 000 000 of Series B bonds, 2 000 000 of Series C bonds, 1 000 000 of Series D bonds, 2 000 000 of Series E bonds and 1 000 000 of Series F bonds, were conducted.

The above mentioned amount includes the following:

• costs of preparing of the prospectus including consulting costs – PLN 2 289 880,60,
• costs of preparing and conducting of the bonds offers – PLN 3 494 891,47,
• costs of promoting of the bonds offers – PLN 2 613 039,70.

The average cost of the offers per bond of the nominal value of PLN 100 amounted to PLN 0,20 p.a.

PKN ORLEN did not incurred the costs of underwriters fees, due to the fact that no underwriting agreement was signed by PKN ORLEN in connection with the offers of the bonds.

The costs of the Programme were included in non-financial assets as long term and short term prepayments and systematically charges the financial result from the day of Series A bonds issue (28 May 2013) to the day of Series F bonds maturity day (9 April 2020). As far as taxes are concerned the transaction costs constitute tax deductible costs and are charged as of the dates of their enter into books.

PKN ORLEN costs related to the bonds offer charge PKN ORLEN operating costs.

See also: regulatory announcement no 141/2014 dated 25 April 2014.