PKN ORLEN SA (GDR) : PKN ORLEN’s subsidiary – ORLEN Koltrans – has purchased bonds issued by PKN ORLEN

PKN ORLEN's subsidiary - ORLEN Koltrans - has purchased bonds issued by PKN ORLEN Regulatory announcement no 16/2012 dated 24 January 2012

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN") hereby informs that in order to optimise the management of financial liquidity within the ORLEN Capital Group, on 24 January 2012
PKN ORLEN issued short term bonds to its subsidiary, ORLEN Koltrans Sp. z o.o. ("ORLEN Koltrans"). The bonds were issued in accordance with the Bond Issue Programme signed by PKN ORLEN and a syndicate of 6 banks in November 2006.
The bonds are used for managing the working capital of ORLEN Capital Group.
The bonds were issued in compliance with the Law on Bonds dated 29 June 1995 (unified text: Journal of Laws, 2001 No 120, point 1300 with subsequent changes) in Polish zlotys, as bearer, dematerialized, unsecured, and zero-coupon securities. The redemption of the bonds will be at their nominal value.
The bonds purchased today by ORLEN Koltrans were issued by PKN ORLEN with the following issue conditions:
Series: ORLEN613060212; value of the bond issue PLN 9 000 000 composed of 90 bonds with a nominal value of PLN 100 000 per bond.
- Date of issue: 24 January 2012
- Redemption date: 6 February 2012
- Yield on bonds: based on market conditions, unit nominal price amounted to PLN 99 828.80. PKN ORLEN owns 99,9% of the registered capital of ORLEN Koltrans.

See also: regulatory announcement no 75/2006 dated 27 November 2006.