No. 16/2021  |  29-04-2021

Initiation of works aimed at establishing of the Programme EMTN and an issuance of eurobonds

PKN ORLEN S.A. (“Company”) hereby informs that on 29 April 2021 the Company’s Supervisory Board, preceded by approval of the Company’s Management Board, gave its consent to establish the medium term eurobonds programme (“Eurobonds”) (“EMTN Programme”). Based on the EMTN Programme the Company will be able from time to time to issue Eurobonds, in many tranches and currencies, with various interest structures and due dates. Within the EMTN Programme the total nominal value of the issued and outstanding Eurobonds, in no time, will not exceed the amount of  EUR 5 000 000 000 or the equivalent of that amount in other currencies. Eurobonds issued under the EMTN Programme will be offered and sold outside the territory of the United States of America to, or for the account or benefit of, non-U.S. persons in accordance with Regulation S issued on the basis of the U.S. Securities Act of 1933, on the basis of the prospectus, which will be prepared by the Company.
The Eurobonds may be issued as so called green or sustainable bonds; will be registered in the international system of securities registration maintained by Euroclear Bank SA/NV or Clearstream Banking SA. The Company can apply for the admission of a particular series of Eurobonds to trading on the regulated market maintained by the Irish Stock Exchange plc trading as Euronext Dublin, the Warsaw Stock Exchange or any other entity operating a regulated market. 
The issuance of each series of the Eurobonds within the EMTN Programme will be approved by the Company’s Management Board. In line with Company’s Management and Supervisory Boards decisions, the Company will take any actions required for the establishment of the EMTN Programme and issuance of Eurobonds.