EU – Baltic States, Telecomunications, Transport

As a result of signing the agreement, PKN ORLEN will dispose of 6,150 shares in Petrotel, with nominal value of PLN 1,000 for each share and a total nominal value of PLN 6,150,000.

The shares to dispose represent 75% of registered capital of Petrotel and 75% of votes at the shareholders’ general meeting of Petrotel.

The price for the dispose shares amounts PLN 32,410,500. The Dispose shares will be transferred to Telefonia Dialog on condition that Petrotel’s other shareholders will not use their pre-emption right to purchase the dispose shares, in accordance with the provisions of Petrotel’s statute and payment of the full amount of the Dispose shares’ price. The decision of other shareholders in Petrotel regarding whether or not they will exercise their pre-emption right to purchase the dispose shares should be known in around 3 weeks from the day of the signing the agreement.

PKN Orlen will not have any shares in the registered capital of Petrotel once the transaction is closed.

The main business activity of Petrotel is providing a range of services in fixed-line telephony, Internet, tele-technical services and the sale of equipment.

The main business activities of Telefonia Dialog are providing services in traditional fixed-line telephony, access to the Internet and the sale of multimedia services.

KGHM Polska Miedz, a joint stock company, is 100% owner of Telefonia Dialog.