PKN ORLEN SA ORLEN Deutschland has signed the agreement with BP Europe SE

ORLEN Deutschland has signed the agreement with BP Europe SE

Regulatory announcement no 276/2014 dated 6 November 2014Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") hereby informs that on 6 November 2014 ORLEN Deutschland GmbH, PKN ORLEN's subsidiary ("ORLEN Deutschland") signed yearly agreement with BP Europe SE, member of the BP group ("BP Europe").

The agreement was signed for the sale of fuels to ORLEN Deutschland fuel stations in Germany till 31 December 2014. The estimated net value of the agreement amounts to EUR 642 m (i.e. approximately PLN 2 712 m based on EUR/PLN average exchange rate as of 6 November 2014, stated by the National Bank of Poland).

The total value of agreements signed between PKN ORLEN and PKN ORLEN subsidiaries ("ORLEN Capital Group") and companies from the BP group in the period between 11 January 2014 and 6 November 2014 amounts to approximately PLN 4 492 m. The agreements between ORLEN Capital Group and companies from the BP group were concluded for the purchase and sale of products and purchase of crude oil.

In accordance with the "Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information to be published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state" the abovementioned agreements constitute a "significant agreement" due to the fact that their total value exceeds 10% of PKN ORLEN's equity.PKN ORLEN owns 100% of the registered capital of ORLEN Deutschland.

More information on page: biznes.pap.pl

kom espi pif/