Revised budget for the New Chemicals project

ORLEN S.A. ("ORLEN", the "Company") announces that on 15 April 2026 the Company’s Supervisory Board approved revised budget for the New Chemicals project (the "Project") in the amount of PLN 35,8 bn, including PLN 4,6 bn allocated to financing costs.

The decision provides for the completion of the olefins production unit, targeted an ethylene production capacity of 740 kt per year in 2029.

The Project execution envisages the full commissioning of the unit in 2030 alongside a phased decommissioning of the existing Olefin II facility. This approach will allow for a seamless transition and increasing of production capacity at the Production Plant in Plock.

Based on the established macroeconomic assumptions, the Company’s incremental EBITDA resulting from the implementation of the Project, inclusive of the replacement of the currently operating Olefin II unit, shall amount to PLN 0.6 bn in 2035.

On 8 April 2026 the revised budget of the Project was approved by the Company’s Management Board. This decision was considered as an inside information, the publication of which the Company delayed until the Supervisory Board’s approval, in accordance with Article 17(4) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council.