Credit Agreement with EIB

RNS Number:5605K
Polski Koncern Naftowy  Orlen S.A.
21 December 2007


Regulatory announcement no 73/2007 dated 21 December 2007

PKN ORLEN has signed a credit agreement with the European Investment Bank



Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 21 December
2007, it signed a credit agreement ("Agreement") with the European Investment
Bank ("EIB") in the amount of EUR 300 million, i.e. PLN 1 085.4, based on a EUR/
PLN average exchange rate as of 21 December 2007, as quoted by the National Bank
of Poland.



The Agreement has been signed for a twelve-year credit in the amount of EUR 300
million, i.e. PLN 1 085.4, based on a EUR/PLN average exchange rate as of 21
December 2007, as quoted by the National Bank of Poland. The aim of signing the
Agreement by PKN ORLEN, is to assure the financial resources for the financing
of part of the construction costs of the paraxylene and purified terephthalic
acid units.



In addition, on 25 June 2007 PKN ORLEN signed with the EIB a credit agreement in
the amount of EUR 210 million, i.e. PLN 759.8, based on a EUR/PLN average
exchange rate as of 21 December 2007, as quoted by the National Bank of Poland,
on the financing of investments in connection with the development of the fuel
sites network and environment protection.



On 21 December 2007 the total value of agreements signed between PKN ORLEN and
the EIB amounted to EUR 510 million, i.e. PLN 1 845.18, based on a EUR/PLN
average exchange rate as of 21 December 2007, as quoted by the National Bank of
Poland.



In accordance with the "Regulation of the Minister of Finance dated 19 October
2005 on current and periodic information to be published by the issuers of
securities", the agreements signed by PKN ORLEN and the EIB in the last twelve
months, constitute "significant agreements" due to the fact that their total
value within the termination period exceeds 10% of PKN ORLEN's equity.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

AGRILFIRFVLLFID