Zenith Pure Oil completes deal covering Consumer Services portfolio expansion in Poland

Zenith Pure Oil Plc. (“Zenith Pure Oil”) hereby notifies market participants of the following:

Zenith Pure Oil has successfully closed a transaction with PKN Orlen and Grupa Lotos in line with the announcements made on the 12 January 2022.

The agreement signed between Zenith Pure Oil, PKN Orlen and Grupa Lotos resulted in the purchase of over 410 stations in Poland. The agreed purchase price amounted to USD 610mn, it consists of cash consideration of USD 464mn and assumes taking over a financial lease liability of USD 146mn. The agreed purchase price is subject to customary adjustments.