Prague, 29. August 2008 – Today, UNIPETROL, a.s., as the Purchaser, and Polski koncern Naftowy ORLEN Spółka Akcyjna (PKN ORLEN) as the Seller, executed the Share Purchase Agreement on purchase of 49,660 pieces of shares of Paramo, a.s.  The purchase price for the sale shares representing 3.73 % of registered share capital of Paramo, amounts to CZK 47,400,470. The purchase price was agreed on the basis of a valuation report prepared by American Appraisal s.r.o.

Paramo is a crude oil processing company engaged in fuels, lubricants and bitumen manufacturing. “Increasing our stake in Paramo is another step in our long term strategy to focus on core business such as procesing of oil, petrochemicals and retail,” says François Vleugels, CEO of Unipetrol.

The settlement of the sale of shares transaction is subject to certain conditions agreed by the parties in the Share Purchase Agreement. It is expected that the transfer of shares shall occur within the next few weeks.

UNIPETROL, a.s. is a group of companies operating in the petrochemical industry in the Czech Republic. In 2005 UNIPETROL became part of the PKN ORLEN Group, the largest downstream oil company in Central Europe. UNIPETROL primarily focuses on crude oil processing, fuels distribution and petrochemical production. In all these areas UNIPETROL group is one of leading players in both the Czech and Central European markets. The UNIPETROL group employs approximately 4,500 people.

Contact: 
Blanka Růžičková 
Spokesperson 
UNIPETROL, a. s.

Telephone: +420 225 001 407, +420 731 881 111 
E-mail: blanka.ruzickova@unipetrol.cz​