Summary of PKN ORLEN Series F bond offer and the public bond issue programme

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN", "Company") hereby informs about the results of series F bonds offer ("Bonds"), issued within the public bond issue programme ("Programme"), included in the prospectus approved by the Polish Financial Supervision Authority on 24 May 2013 and about the total estimated costs of the Programme.

The subscriptions of 1 000 000 offered Bonds were conducted from 9 April 2014 (inclusive) to 24 April 2014 (inclusive). The offer was not divided into tranches. The allocation of the Bonds was made on 25 April 2014.

During the subscription period 752 Investors made subscriptions on 1 127 172 Bonds. PKN ORLEN allocated 1 000 000 Bonds to 750 Investors. In accordance with the provisions of prospectus PKN ORLEN reduced subscriptions made from 23 April 2014 (inclusive) to 24 April 2014 (inclusive). The average reduction rate amounted to 78,13%.

The Bonds were acquired at issue price amounted from PLN 100,00 to PLN 100,21 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 issue, defined as the number of Bonds which were offered multiplied by the issue price, amounted to PLN 100 031 314,93.

The costs of the Programme are estimated at ca. PLN 0,20 per bond p.a. or PLN 8,0-8,3 m in total for the entire Programme. Under the Programme six issues including 2 000 000 of Series A bonds, 2 000 000 of Series B bonds, 2 000 000 of Series C bonds, 1 000 000 of Series D bonds, 2 000 000 of Series E bonds and 1 000 000 of Series F bonds, were conducted.

Due to lack of final settlement of the costs of the Programme as of the date of this report, the total costs of the Programme were estimated according to the best knowledge of the Company. PKN ORLEN will prepare and publish a regulatory announcement regarding the final costs of the Programme, including costs by type, together with the methods of calculation and presentation in the financial statement as well as average cost of the offer per one offered bond, after receipt and acceptance of all invoices from the entities involved in preparing and conduction of the Programme.

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

More information on page: biznes.pap.pl

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