Kicking Horse Energy Inc. shareholders and Court approve for Kicking Horse Energy Inc. sale to ORLEN Upstream Canada Ltd.

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 30 November 2015 Kicking Horse Energy Inc. ("Kicking Horse") shareholders and option holders approved, at their special meeting, the acquisition by ORLEN Upstream Canada Ltd. (“ORLEN Upstream Canada”) of all the outstanding common shares of Kicking Horse.

The transaction has also obtained the approval of the Court of Queen’s Bench of Alberta.

PKN ORLEN owns 100% of the registered capital of ORLEN Upstream sp z o.o. ORLEN Upstream sp. z o.o. owns 100% of the registered capital of ORLEN Upstream International B.V. ORLEN Upstream International B.V. owns 100% of the registered capital of ORLEN Upstream Canada.

See also: regulatory announcement no 144/2015 dated 13 October 2015.