Petrolinvest S.A.

The Management Board of PETROLINVEST S.A. (the “Company”) announces that on 18 November 2010 the Company and the Morgan Stanley Capital Group, Inc. (“Morgan Stanley”) concluded an agreement concerning the final settlement between the parties in connection with the termination by Morgan Stanley of the LPG supply agreement of 4 November 2009 concluded between the Company and Morgan Stanley (the Company announced the conclusion of this agreement in current report No 99/2009 of 5 November 2009) (the “Agreement”). The subject matter of the Agreement was the purchase of 140,000 tons of LPG in total by the Company in the years 2010–2011. The estimated value of the contracted deliveries was to be in excess of USD 90,000,000. The Agreement was terminated on 13 October 2010. The reason provided by Morgan Stanley for terminating the Agreement was the failure of the Company to establish, pursuant to the terms of the Agreement, collateral on behalf of Morgan Stanley for the Company’s payment for LPG deliveries under the Agreement in the form of documentary credit.

The Management Board of PETROLINVEST S.A. publishes the list of shareholders who had 5% or more votes at the Extraordinary General Shareholders Meeting of PETROLINVEST S.A. held on 30 October 2010:
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Appointing a New member of the Supervisory Board

Pursuant to § 5 section 1 item 22 of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information to be published by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws No 33 of 28 February 2009, item 259),
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Resolutions of the EGM of PETROLINVEST S.A. held on 30 October 2010

The Management Board of PETROLINVEST S.A., acting pursuant to § 38 section 1 (7) of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic reports published by issuers of securities as well as on conditions for recognition of information required by the non-Member State regulations as equivalent, the Management Board of PETROLINVEST S.A. publishes the wording of Resolutions of the Extraordinary General Meeting of PETROLINVEST S.A. held on 30 October 2010.