18.1. LOTOS S.A. incorporation

On 12 January 2022 PKN ORLEN announced that it has completed works on implementation of remedies according to conditional decision of the European Commission as of 14 July 2020 on concentration of taking control by PKN ORLEN over Grupa LOTOS S.A. headquartered in Gdańsk (“Grupa LOTOS”), (“Remedies”).

In order to implement the Remedies there have been signed conditional agreements that will come into force under, among others, following conditions:

1. the Commission approves the purchasers of the assets that are being disposed during implementation of Remedies and provisions of agreements concluded with them;
2. concentration between the Company and Grupa LOTOS is realized;
3. the purchasers of the assets that are being disposed during implementation of Remedies obtain the approvals of the certain antitrust offices and other public administration organs for conclusion and realization of the below mentioned agreements by them;
4. the other consents of the certain institutions, required by law, for disposal of some parts of disposing assets are obtained.

Detailed information on the PKN ORLEN website: https://www.orlen.pl/content/internet/orlen/pl/en/investor-relations/reports-and-publications/regulatory-announcements/2022/01/Regulatory-announcement-no-22022