No. 52/2018  |  10-05-2018

Summary of PKN ORLEN Series C bond offer

PKN ORLEN S.A. ("PKN ORLEN") hereby informs about the results of series C bonds offer (“Bonds”), issued within the public bond issue programme (“Programme”), included in the prospectus approved by the Polish Financial Supervision Authority on 20 July 2017.

The subscriptions of 2 000 000 offered Bonds were conducted from 7 May 2018 to 8 May 2018. The offer was not divided into tranches. The allocation of the Bonds was made on 10 May 2018.

During the subscription period 689 Investors made subscriptions on 2 720 807 Bonds. PKN ORLEN allocated 2 000 000 Bonds to 689 Investors. In accordance with the provisions of the prospectus PKN ORLEN reduced subscriptions made from 7 May 2018 (inclusive) to 8 May 2018 (inclusive). The average reduction rate amounted to 26,49%.

The Bonds were acquired at issue price amounted from PLN 100,00 to PLN 100,01 depending on the day of subscription.

No underwriting agreement was signed by PKN ORLEN in connection with the offer of the Bonds.

The value of the issue, defined as the number of Bonds which were offered multiplied by the issue price, amounted to PLN 200 002 734,22.

Due to the lack of final settlement of the issue costs to the day of this report, PKN ORLEN will prepare and publish regulatory announcement with issue costs, including the costs by type, after receiving and acceptance of all invoices from entities involved in preparing and conducting the offer, no later than in the time required to publish the regulatory announcement with this information.

PKN ORLEN costs related to the Bonds offer will be charged to PKN ORLEN operating costs.

See also: regulatory announcement no 51/2018 dated 8 May 2018, regulatory announcement no 47/2018 dated 25 April 2018 and regulatory announcement no 46/2018 dated 24 April 2018.