Killajoules

Conclusion of the next annex to the agreement between Rafineria Trzebinia and PGNiG
Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) announces that on 19 December 2012 Rafineria Trzebinia S.A. (“Rafineria Trzebinia”) and Polskie Gornictwo Naftowe i Gazownictwo S.A. („PGNiG”) signed the next annex (“Annex”) to the agreement dated 15 May 2008 for crude oil deliveries from PGNiG to Rafineria Trzebinia (“Agreement”).

PKN ORLEN drills the first shale gas exploration well
PKN ORLEN has started to drill the first well for shale gas appraisal and exploration purposes in Syczyn (Commune of Wierzbica, Poland). It is the first of the two core holes planned for this year. The decision to drill in Syczyn was made on the basis of the positive results of geological surveys of the area. The wells will be drilled by MND Drilling & Services of the Czech Republic.

PKN ORLEN has signed an agreement with Star Oil FZE for crude oil deliveries to Unipetrol RPA
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 20 June 2011 it signed a spot agreement with Star Oil FZE, United Arab Emirates („Star Oil”), for REBCO crude oil deliveries by "Druzhba" pipeline to Unipetrol RPA, s.r.o. (“Unipetrol RPA”) in July 2011. The estimated net value of the agreement amounts to approximately USD 85 million (i.e. approximately PLN 239 million, based on the average PLN/USD exchange rate as of 20 June 2011, as stated by the National Bank of Poland).