AB Mazeikiu Nafta announces that on June 27, 2007, the Company's Board has approved the mid-term business strategy of AB Mazeikiu Nafta for 2007-2012. Based on this strategy, it is intended to invest into the Company USD 1.6 billion (i.e. LTL 4.2 billion, EUR 1.2 billion) within five years and to reach EBITDA of about USD 0.7 billion (i.e. LTL 1.9 billion, EUR 0.5 billion) in 2012 - assuming the following variable macro scenario: a) Brent-Ural differential (in USD/bbl): 2007E: 3.5, 2008E: 3.3, 2009E: 3.3, 2010E-12E: 3.0 b) PKN ORLEN benchmark refining margin (in USD/bbl): 2007E 5.26, 2008E: 4.86, 2009E: 4.92, 2010E: 5.03, 2011E: 4.97, 2012E: 5.21 c) LTL/USD: 2007E 2.60, 2008E: 2.63, 2009E: 2.64, 2010E: 2.66, 2011E: 2.67, 2012E: 2.67 Head of Communication Department of AB Mazeikiu Nafta Rosvaldas Gorbačiovas tel. +370 443 92608