PKN ORLEN calls for selling shares


Vilnius stock exchange                      Announcement                25-01-2007

PKN ORLEN calls for selling shares

On 25 January 2007 PKN ORLEN submitted to the Vilnius Stock Exchange a purchase order 
with respect to all shares in AB Mazeikiu Nafta owned by the minority shareholders. 
The Company has also signed a cooperation agreement with the Government of Lithuania 
with regards to the compulsory purchase of shares from minority shareholders 
of Mazeikiu Nafta.

The official order to purchase shares from minority shareholders has been filed at 
the Vilnius Stock Exchange (code: 1664 51720). PKN ORLEN set the price at LTL 10.25 per 
share. This is equal to the price offered in the mandatory tender offer initiated 
on 2 January and completed 15 January. PKN ORLEN’s purchase order will remain open 
until the Company commences the compulsory purchase and enables the remaining 
minority shareholders to sell their shares.

Today, PKN ORLEN signed an agreement with the Government of the Republic of Lithuania 
regarding the Government’s cooperation with respect to the mandatory purchase of 
shares from minority shareholders of Mazeikiu Nafta. The agreement stipulates the buyout 
procedure for the remaining shares owned by minority shareholders. Under the agreement, 
PKN ORLEN, acting in concert with the Government of the Republic of Lithuania, will acquire 
all the remaining shares in Mazeikiu Nafta in a mandatory procedure to be executed in 
accordance with Lithuanian Law. Unlike the previous procedures the mandatory sale is 
compulsory and will result in PKN ORLEN acquiring all the remaining shares in the refinery, 
with the exception of shares owned by the Government of the Republic of Lithuania. 
The detailed information regarding the actual procedure will be published in compliance 
with the requirements of Lithuanian law. 
As of today PKN ORLEN owns a total of 632,713,599 ordinary shares of Mazeikiu Nafta, 
of LTL 1.00 nominal value each, which constitute 89.26% of all the shares in the refinery 
and entitle PKN ORLEN to 89.26% of votes at the shareholders meeting.

Market Serivces Department
tel.: +370 5 272 14 06