Summary of series C bond tap issuance costs

ORLEN S.A. (“ORLEN”, “Company”) hereby informs about the costs of tap issuance of 1 250 series C second series bonds (“Bonds”) with a total nominal value of USD 250 000 000, issued within the global medium term bonds programme (“GMTN Programme”).

The costs of Bonds issue is estimated at the level of ca. PLN 1 442 th and represented ca. 0,16% of the total nominal value of series C Bonds tap issue.

The above mentioned amount includes the following:

–        costs of preparing and conducting of the Bonds offer – PLN 1 442 th.,

–        costs of preparing/updating of prospectus including consulting costs – PLN 0,

–        costs of promoting of the Bonds offer – PLN 0.

The average cost of the offers per one offered Bond will be calculated and published after completion of the GMTN Programme.

The Company did not incurred the costs of underwriters fees, due to the fact that no underwriting agreement was signed by ORLEN in connection with the offer of the Bonds.

The costs of the Bonds issue were included as prepayments and will be systematically charged the financial result. 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.