Polski Koncern Nft. (POKD) - Agreements between ORLEN Group and Lukoil Group RNS Number : 9297R Polski Koncern Naftowy Orlen S.A. 23 November 2012 Agreements between ORLEN Capital Group and Lukoil Group Regulatory announcement no 231/2012 dated 23 November 2012 Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 22 November 2012 it signed a spot agreement with Lukoil International Trading And Supply Company, company belonging to the Lukoil group, for crude oil deliveries to AB ORLEN Lietuva. The estimated net value of the agreement amounts to approximately USD 78 million (i.e. approximately PLN 250 million, based on the average PLN/USD exchange rate as of 22 November 2012, as stated by the National Bank of Poland). The total estimated value of agreements signed between PKN ORLEN, its subsidiaries (ORLEN Capital Group) and companies from the Lukoil group in the period between 4 February 2012 and 23 November 2012 amounts to approximately PLN 2 464 million. Agreement dated 2 April 2012 is the agreement with the highest amount from among all agreements concluded between ORLEN Group and Lukoil group in the period between 4 February 2012 and 23 November 2012. The estimated value of the agreement amounts to approximately EUR 86 million (i.e. approximately PLN 358 million, based on the average PLN/EUR exchange rate as of 2 April 2012, as stated by the National Bank of Poland). The agreement was concluded between Unipetrol Slovensko and Lukoil Slovakia and concerns fuels and LPG sales in 2012. 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. This information is provided by RNS The company news service from the London Stock Exchange END MSCBUBDBXUDBGDX -0- Nov/23/2012 15:54 GMT
Polski Koncern Nft. POKD Agreements between ORLEN Group and Lukoil Group
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