UNIPETROL GROUP

Integrated downstream player with petrochemical focus

March 2010 DISCLAIMER

The following types of statements: Projections of revenues, income, earnings per share, capital expenditures, dividends, capital structure or other financial items;Statements of plans or objectives for future operations; Expectations or plans of future economic performance; and Statements of assumptions underlying the foregoing types of statements are "forward-looking statements", and words such as "anticipate", "believe", "estimate", "intend", "may", "will", "expect", "plan“, “target” and "project" and similar expressions as they relate to Unipetrol, its business segments, brands, or the management of each are intended to identify such forward looking statements. Although Unipetrol believes the expectations contained in such forward-looking statements are reasonable at the time of this presentation, the Company can give no assurance that such expectations will prove correct. Any forward-looking statements in this presentation are based only on the current beliefs and assumptions of our management and information available to us. A variety of factors, many of which are beyond Unipetrol’s control, affect our operations, performance, business strategy and results and could cause the actual results, performance or achievements of Unipetrol to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For us, particular uncertainties arise, among others, from: (a) changes in general economic and business conditions (including margin developments in major business areas); (b) price fluctuations in crude oil and refinery products; (c) changes in demand for the Unipetrol’s products and services; (d) currency fluctuations; (e) loss of market and industry competition; (f) environmental and physical risks; (g) the introduction of competing products or technologies by other companies; (h) lack of acceptance of new products or services by customers targeted by Unipetrol; (i) changes in business strategy; (j) as well as various other factors. Unipetrol does not intend or assume any obligation to update or revise these forward-looking statements in light of developments which differ from those anticipated. Readers of this presentation and related materials on our website should not place undue reliance on forward-looking statements.

2 AGENDA

• Intro and main financial highlights

Unipetrol in the light of macro development

The 2009 optimization plan achievements

The 2010 targets

Supporting slides

3 UNIPETROL AS A PART OF PKN ORLEN GROUP

Basic Data

Unipetrol Group • 3 refineries with a total annual capacity of ca 5.5 mil. tonnes and integrated petrochemical plant • More than 335 filling stations • About 4,000 employees • Part of the PKN Orlen Group since 2005

PKN Orlen Group • 7 refineries in Poland, the Czech Republic and Lithuania with a total annual processing capacity of ca 30 mil. tonnes • 2,700 filling stations in Poland, the Czech Republic, Germany and Lithuania 4 • More than 20,000 employees QUICK OVERVIEW OF UNIPETROL GROUP

Key Financial Data Ownership Structure of UNIPETROL, a.s.

4Q08 3Q09 4Q09 Other 19,015 18,732 18,347 30.23% Revenues PKN ORLEN CZK m 62.99% 5 J&T1) -260 6.78% EBIT CZK m -1,261 Main subsidiaries

-35 -262

Net result CZK m -1,200 Unipetrol RPA - 100% Ceska Rafinerska - 51%

1,387

810 CAPEX 550 CZK m Paramo - 100% Benzina - 100% 5 1) According to regulatory announcement no. 26/2009 as of 7 September 2009 DIVERSIFIED CRUDE OIL SUPPLY ROUTES

ČESKÁ RAFINÉRSKÁ in Litvínov ČESKÁ RAFINÉRSKÁ in Kralupy Crude type: sour Crude type: sweet Nameplate capacity: 5,492 kt¹) Nameplate capacity: 3,206 kt¹) Nelson complexity index: 7.0 Nelson complexity index: 8.1 PARAMO in Pardubice e Crude type: sour UNIPETROL RPA in thylene Litvínov Nameplate capacity: 985 kt Nelson complexity index: 6.0 Integrated Litvínov petrochemical plant

Kralupy IKL Pardubice pipeline

Transport capacity: 10mt/y

Druzhba Mero Crude oil pipelines pipeline CEPRO production pipelines Transport CEPRO depots capacity: 9mt/y 6 1) 100% of capacity of ČESKA RAFINÉRSKÁ IMPORTANT PLAYER FROM REGIONAL AS WELL AS EUROPEAN PERSPECTIVE

Refining – market share in the Czech Republic Retail – market share in the Czech Republic

Unipetrol, 14% Unipetrol, 34%

Others, 66% Others, 86%

Petrochemical – market share in Europe • Refining: In addition to Czech market, Unipetrol has ca 15% market share in

Unipetrol, 4% Slovakia

• Retail: steadily growing market share from below 10% in 2005

Others, 96% • Petrochemical: currently higher market share in HDPE market ca 5% than PP 7 market ca 2% AGENDA

Intro and main financial highlights

• Unipetrol in the light of macro development

The 2009 Optimization plan achievements

The 2010 targets

Supporting slides

8 MACROECONOMIC INDICATORS SUGGESTS IMPROVING ENVIRONMENT

2009 2010 • Czech Republic’s GDP 2008 growth is expected to show (estimate) (forecast) slightly positive development GDP growth 2.5% -4.0% 1.3% in 2010 Inflation rate (average) 6.3% 1.0% 2.0% Unemployment rate 5.4% 9.2% 10.1% • Declines in industrial activity reversed and highway tolls Government deficit (bn CZK) -77 -240 -196 also shows constant % of GDP -2.1% -5.9% -5.3% improvement in the trend CZK/EUR (end of period) 24.9 26.4 25.8

Czech industrial production (y/y) Collected Czech highway tolls (y/y)

5% 5.0% 5% 1.8% 3%

0.0% Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 0% -0.1% Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 -2% -1% -5.0%

-5% -7.2% -6% -10.0% -8.8% -7% -11.5% -12.4% -12.2% -10% -9% -15.0% -10%

-12% -17.7% -13% -20.0% -15%

-22.0% -21.6% -21.6% -23.0% -25.0% -19% -19% 9 -20% Source: MF CR, Czech Statistical Office, CTK REFINING MARGIN SLIGHTLY IMPROVING

Unipetrol model refining margin 1) Brent-Ural price differential 2) Brent-Ural price differential1) 9.3 4.7 USD/bbl 4.6 USD/bbl 4.1 2008 7.7 7.6 2008 3.7 2009 3.5 2009 6.5 2010 2010 5.7 5.6 5.3 2.9 5.3 5.1 2.3 2.4 4.6 4.5 4.2 2.2 4.0 4.0 3.7 1.8 1.9 1.7 1.7 1.4 2.0 2.1 1.1 1.9 0.8 1.6 0.8 1.3 0.7 0.6 1.1 1.0 1.3 1.0 0.6 0.5 0.4 0.5 0.4 0.7 0.3

Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Brent crude price (feedstock) CZK/USD 123 132 133 22.3 2008 113 USD/bbl 109 20.8 2009 104 2008 20.5 20.3 98 19.8 19.6 2010 19.5 92 95 2009 18.9 18.5 18.3 18.3 2010 18.0 17.8 76 73 77 17.7 73 74 17.4 17.4 17.3 72 69 67 17.2 17.0 65 16.2 16.2 15.9 16.1 57 15.6 53 50 14.9 47 43 44 40

Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 10 1) Unipetrol model refining margin = revenues from products sold (97% Products = Gasoline 17%, Petchem feedstock 20%, JET 2%, Diesel 40%, Sulphur Fuel Oils 9%, LPG 3%, Sulphur 1%, Other feedstock 5%) minus costs (100% input = Brent Dated); product prices according to quotations. 2) Spread fwd Brent Dtd v Ural Rdam = Med Strip - Ural Rdam (Ural CIF Rotterdam) Source: REUTERS, FERTWEEK, CNB DIESEL UNDER PRESSURE LATELY BUT EXPECTED TO RECOVER

Brent-Ural price differential1)

Gasoline Diesel 1200 1200 USD/t USD/t 1000 1000 800 800 600 600

400 400 272 221 218 158 167 197 200 117 144 116 106 134 125 139 127 110 130 200 109 111 116 101 45 74 59 55 59 61 0 0 1) 1) 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Crude Oil Gasoline Average spread (Gasoline-Crude Oil) Crude Oil Diesel Average spread (Diesel-Crude Oil)

11 1) January 2010 Source: REUTERS PRODUCT MIX CONTINUES TO BE BIASED TOWARDS MIDDLE DISTILLATES…

2005 2006 2007 2008 2009

Crude oil throughput (kt) 4,152 4,281 4,137 4,533 4,110

Utilisation ratio (%) 75 77 75 82 75

Light distillates1) yield (%) 30 32 31 31 31

Middle distillates2) yield (%) 38 40 43 44 44

Heavy distillates3) yield (%) 14 11 10 10 10

Refinery products sales4) (kt) 3,025 2,818 3,123 3,324 2,915

Petrochemical products sales4) (kt) 1,560 1,480 1,660 1,830 1,824

Retail sales4) (kt) 368 443 498 501 494

1) LPG, gasoline, naphtha 2) JET, diesel 12 3) Fuel oils, bitumen 4) Sales outside Unipetrol Group All data refers to Unipetrol RPA, i.e., 51.225% of Ceska Rafinerska and 100% of Paramo …AS DIESELATION TREND IS CLEARLY VISIBLE AND EXPECTED TO CONTINUE

Total deliveries of diesel and gasoline on the Czech market 4,500 CAGR +6.7% 4,000

3,500

3,000 CAGR +0.9% 2,500

2,000 th tonnes

1,500

1,000

500

0 2000 2001 2002 2003 2004 2005 2006 2007 2008

Diesel Gasoline 13 Source: CAPPO, Czech Statistical Office COMBINED PETCHEM MARGIN ENJOYS SLIGHTLY UPWARD TREND

Unipetrol model olefin margin 1) Unipetrol model polyolefin margin 2)

524 298 512 289 294 279 EUR/t 273 275 265 484 280 257 260 276 247 241 255 242 257 245 2008 251 245 229 230 230 233

2009 399 2010 366

312 315 291 296 293 295 262 259 259 248 246 8 231 229 213 180 190 189 178 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 138 120 EUR/t 2008 2009 2010 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec -258 Naphtha price (feedstock) CZK/EUR

699 684 EUR/t 28.5 2008 631 635 2008 2009 586 27.2 559 571 27.2 562 554 2009 26.8 2010 26.7 26.5 498 2010 26.126.1 26.1 464 25.8 25.8 25.8 26.1 447 450 25.6 420 25.2 25.3 403 407 25.4 25.1 25.1 25.2 392 393 24.8 24.5 346 24.3 24.3 320 308 302 23.5 263 237 190

Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 14 1) Unipetrol model petrochemical olefin margin = revenues from products sold (100% Products = 40% Ethylene + 20% Propylene + 20% Benzene + 20% Naphtha) minus costs (100% Naphtha); product prices according to quotations. 2) Unipetrol model petrochemical polyolefin margin = revenues from products sold (100% Products = 60% HDPE + 40% Polypropylene) minus costs (100% input = 60% Ethylene + 40% Propylene); product prices according to quotations. Source: REUTERS, ICIS, CNB MID-TERM DYNAMICS DUE TO INCREASING CAPACITIES IN THE MIDDLE EAST

Global ethylene capacity tracking1) 40,000 28%

30,000 21%

20,000 14% Capacity kt/quarter % of global capacity 10,000 7%

0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2006 2007 2008 2009 2010 2011 2012

Global capacity Middle East capacity European capacity Middle East capacity as % of global capacity European capacity as % of global capacity 15 1) Data excludes Russia and CIS Source: ICIS, 2010 Reed Business Information Ltd. NEW MIDDLE EAST AND ASIAN PETCHEM CAPACITIES TO BE LAUNCHED IN 2010…

COMPANY LOCATION PRODUCT CAPACITY (kt/y) START-UP

Sharq Saudi Arabia PE 800 1Q2010

Qatofin/Q-Chem Qatar PE 800 1Q2010

PE 540 Borouge Abu Dabi mid-2010 PP 800

COMPANY LOCATION PRODUCT CAPACITY (kt/y) START-UP PE 600 Tianjin PC China 1Q2010 PP 450 Zhenhai PE 450 China 1Q2010 Ethylelne PP 300 PE 200 Baotou Shenhua China 3Q2010 PP 300

Ningxia Shenhua China PP 500 mid-2010

PE 600 Indian Oil Corp India mid-2010 PP 600 16 Source: ICIS, CBI …BUT OPERATIONAL HICK-UPS AND MORE MAINTENANCE COULD BE EXPECTED

• Launch of larger new units is expected to bring operational hick-ups in 2010, thus 2010 production should not be materially impacted by new additions

• More units on stream bode for more maintenance in 2010, in Asia 22 crackers versus 15 crackers in 2009, which favors other producers, e.g. short-term exports from European producers

• Revival of demand in 2010 is fuelling some optimism to polyolefins, with continuous substitution of traditional materials by plastics

• Gaining additional time for smaller players like Unipetrol, to further focus on speciality grades and tailor made products to fend off competition from potential reshuffling of supply/demand balances towards European market

17 TAILOR MADE AND SPECIAL PETROCHEMICAL GRADES IN UNIPETROL’S FOCUS

Share of tailor made/special PE grades • Shifting focus towards products with a 20%

x. 17% higher added value - products requiring pro Ap ear 15% a y the observance of stringent European 2 pp

standards confirmed by independent 10% certification (e.g. civil engineering sector – 10% geomembranes/landfills, health sector – 5% bicomponent fibres for non-woven textiles)

0% • Our main markets for petrochemical 2005 2009 production: Czech Republic, Germany, Share of tailor made/special PP grades Slovakia, Austria, The Baltic countries, and Ukraine 20% • Main sectors: packaging (58%), building (16%), textile (12%), smaller exposure to automotive (4%), electro (4%), agro (3%) 80% and other (3%)

18 Tailor made/special Other AGENDA

Intro and main financial highlights

Unipetrol in the light of macro development

• The 2009 optimization plan achievements

The 2010 targets

Supporting slides

19 FIXED COST REDUCTION CAME WAY AHEAD OF OUR OBJECTIVES

Achieved fixed cost reduction (2008 base) Segmental breakdown of y/y reduction 100 over CZK 800m 0% Petrochemical Refinery Retail Other

75 -4% (2009 plan: over CZK 600m)

50 -8% -9%

25 -12% -13% -14% -15% 0 2008 2009 -16%

MAIN CONTRIBUTIONS

• Cost reduction in all segments better than planned (together over CZK 200m y/y in 4Q09).

• Staff costs, Promotion, Overhead material, Fuel, Consultancy and Travel costs. 20 HR RESTRUCTURING1) SLIGHTLY BETTER THAN PLANNED

FTE staffing level at the end of period

CAGR -2.6% planned ≈ -7.6% 4,563 328 people achieved 4,489 ≈ -8.0% 4,325 345 people

3,997 3,980

2006 2007 2008 2009 Plan 1/1/2010 Actual 21 1) Net of outsourcing and sold companies VARIABLE COST AND CAPEX REDUCTION REACHED OUR TARGETS

Updated status of variable cost savings CAPEX1) cuts (2008 base)

100 over -40% 5% (over CZK 1.6bn)

75

50 (2009 plan: over -30%, 95% over CZK 1bn) 25

0 Successful Failed 2008 2009 VARIABLE COST SAVINGS CAPEX DEVELOPMENT

• 95% of our negotiations successfully • 2009 CAPEX1) was lower than 2009 plan completed and reached materially higher-than- planned reduction • Target range of CZK 200m – 300m savings of full year impact reached • 73% of CAPEX on ongoing projects, mainly development and refurbishment

22 • 27% of CAPEX on newly launched projects, mainly refurbishment 1) Invoiced CAPEX based on Czech Accounting Standards (CAS) AGENDA

Intro and main financial highlights

Unipetrol in the light of macro development

The 2009 optimization plan achievements

• The 2010 targets

Supporting slides

23 TARGETS FOR 2010

• Ongoing strict cost control. • Positive free cash flow (excluding potential acquisitions). Financial plans • Similar level of CAPEX as in 2009 (excluding potential acquisitions). • Continuation of the long-term trend in staffing reduction. • Disposal of Celio to be completed in 1H2010.

• Over 5% y/y higher crude oil throughput than in 2009. • Increase in refining and petrochemical sales volumes from 2009 level. Operational plans • Increase of retail market share above 14%. • 3 new additions to Benzina’s portfolio of filling stations and over 20 facelifts or rebrandings. • Launch of Butadiene unit with 120 kt/y production capacity in 1Q2010. • Refining • Two older small hydrocrack units (1st in 2Q and 2nd in 3Q for 1 month). • Two visbreaker units (1st in 2Q and 2nd in 3Q/4Q for 2 weeks). Maintenance plans • Paramo’s Diesel Oil Desulphurisation (3 weeks in 1Q). • HDS in Kralupy (2 weeks in 3Q). 24 • Petrochemical • Polyolefin units (2 weeks in 2Q). PETCHEM CONTINUES TO ACCOUNT FOR MAJORITY OF PLANNED CAPEX

Segment share of 2010 planned CAPEX

5% 9%

Petrochemical Refining 26% Retail 60% Other

• Sulphur Recovery Unit Tail Gas: environmental investment to meet the new legislation on sulphur recovery efficiency • Refurbishment of steam cracker furnaces: continuous modernisation of strategic assets in petrochemical production • Processing of waste water: environmental investment to ensure sufficient capacity and quality of waste water treatment • Completion of the butadiene unit: strategic investment to offtake C4 fraction from the steam cracker in exchange for raffinate 1 for MTBE production 25 • Replacement of the retail information system: better monitoring and optimisation of fuel filling stations CALENDAR OF UPCOMING EVENTS

IR events

• 22 April 2010 1Q10 trading statement

• 13 May 2010 1Q10 consolidated financial results

26 THANK YOU FOR YOUR ATTENTION

For more information about UNIPETROL, please contact:

Investor Relations Department tel.: +420 225 001 417 fax.: +420 225 001 447 e-mail: [email protected] www.unipetrol.cz

27 AGENDA

Intro and main financial highlights

Unipetrol in the light of macro development

The 2009 optimization plan achievements

The 2010 targets

• Supporting slides

28 LOWER REVENUES WITH RESILIENT EBITDA MARGIN

FY09 4Q08 3Q09 4Q09 Q/Q Y/Y FY08 FY09 /FY08 CZKm 1 2 3 4=3/2 5=3/1 6 7 8=7/6

Revenues 19,015 18,732 18,347 -2% -4% 98,144 67,387 -31%

EBITDA -351 866 620 -28% n/a 4,481 2,778 -38%

EBIT -1,261 5 -260 n/a n/a 1,003 -654 n/a

Net result attributable to shareholders of the parent -1,200 -35 -262 n/a n/a 65 -840 n/a company

EPS (CZK) 1) -6.62 -0.19 -1.44 n/a n/a 0.36 -4.63 n/a

EBITDA margin 2) -1.8% 4.6% 3.4% -1.2pp +5.2pp 4.6% 4.1% -0.5pp

EBIT margin 3) -6.6% 0.0% -1.4% -1.4pp +5.2pp 1.0% -1.0% -2.0pp

• Lower quotations of refining and petchem products clearly visible in lower revenues.

• Our cost reduction helped to keep EBITDA margin resilient at above 4% level in 2009.

1) Earnings per share = net profit attributable to shareholders of the parent company / number of issued shares 29 2) EBITDA margin = Operating profit before depreciation and amortisation / Revenues 3) EBIT margin = Operating profit / Revenues IMPROVED CASH FLOW, FURTHER DECREASED INDEBTEDNESS

FY09 4Q08 3Q09 4Q09 Q/Q Y/Y FY08 FY09 /FY08 CZKm 1 2 3 4=3/2 5=3/1 6 7 8=7/6

Operating cash flow (OCF) 3,634 2,432 698 -71% -81% 4,213 3,741 -11%

Capital expenditure 1,387 550 810 +47% -42% 4,170 3,187 -24% (CAPEX) Free cash flow 2,277 1,759 1,206 -31% -47% 1,065 1,922 +80% (Operating - Investment CF)

Net Working Capital 1) 4,388 4,337 4,973 +15% +13% 4,388 4,973 +13%

Net finance costs -331 -107 -182 +70% -45% -981 -564 -43%

Gearing 2) 8.4% 7.2% 3.2% -4.0pp -5.2pp 8.4% 3.2% -5.2pp

Net debt / EBITDA 3) 0.73 1.52 0.44 -71% -40% 0.73 0.44 -40%

ROACE 4) -2.4% 0.0% -0.5% -0.5pp +1.9pp 1.9% -1.4% -3.3pp

1) Net Working Capital = current assets – current liabilities, at the end of the period (excl. derivatives, provisions and income tax) 30 2) Gearing = net debt / equity, both at the end of period 3) Interest-bearing borrowings less cash / EBITDA (rolling over last four quarters) 4) Return on average capital employed = Operating profit after taxes in the period / average capital employed in the period RETAIL CONTINUED TO BE STRONG, PETCHEM WEAKER BUT STILL IN THE BLACK

FY09 4Q081) 3Q09 4Q09 Q/Q Y/Y FY081) FY09 /FY08 CZKm 1 2 3 4=3/2 5=3/1 6 7 8=7/6 EBIT, of which -1,261 5 -2602) n/a n/a 1,003 -654 n/a • Refining -957 -465 -320 n/a n/a 244 -1,177 n/a • Petrochemical -364 219 33 -85% n/a 385 -95 n/a • Retail distribution 101 241 208 -14% +106% 510 693 +36% • Others, Non-attributable, -41 10 -180 n/a n/a -136 -75 n/a Eliminations REFINING PETROCHEMICAL RETAIL DISTRIBUTION • Depressed refining margin, • Lower combined petchem • Higher y/y unit margins, with ongoing low diesel- model margin. broadly stable q/q on above- crude oil spread. • Higher y/y sales volumes in average level. • Low B-U differential, despite 4Q09. • Slightly lower demand for improving q/q dynamics. • Positive contribution due to gasoline, with stable demand • Positive y/y inventory effect sale of unused CO2 for diesel. • Lower crude oil throughput allowances. • End of year y/y improvement and lower sales volumes. • Positive y/y inventory effect in transit transportation and FX effect of USD/EUR. based on collected tolls.

31 • Ongoing signs of cost reduction 1) Restated based on new segment classification valid as of 1Q09 2) Minor mathematical discrepancy between segments and total due to rounding. COMBINED FACTORS OF CONSOLIDATED EBIT

CZK +1,140m Macro effect Internal factors CZK +171m CZK +969m -80

-180*

-1,220 +1,038 +1,625 +154

-41* -810

-2,665 (m CZK) +1,798 Forex policy Pricing effect Volumes and B-U and discount Inventory Quotation fee, others fee, processing Overheads,

32 depreciation, 4Q 2008 EBIT 4Q 4Q 2009 EBIT 4Q * Non-attributable, Eliminations SEGMENTAL REVENUE AND EBITDA

FY09 4Q081) 3Q09 4Q09 Q/Q Y/Y FY081) FY09 /FY08 CZK bn 1 2 3 5=3/2 6=3/1 7 8 9=8/7

Revenues, of which 19.0 18.72) 18.42) +2% -4% 98.1 67.42) -31%

• Refining 13.2 14.0 13.8 -1% +5% 74.0 49.8 -33% • Petrochemicals 7.8 6.6 7.2 +9% -9% 37.8 25.3 -33% • Retail distribution 2.1 2.2 2.0 -9% -6% 10.1 7.6 -25% • Others, Non-attributable, -4.1 -4.0 -4.5 n/a n/a -23.8 -15.4 n/a Eliminations FY09 4Q081) 3Q09 4Q09 Q/Q Y/Y FY081) FY09 /FY08 CZK m 1 2 3 5=3/2 6=3/1 7 8 9=8/7

EBITDA, of which -351 866 6202) -28% n/a 4,481 2,778 -38%

• Refining -651 -187 -41 n/a n/a 1,406 -66 n/a • Petrochemicals 111 686 528 -23% +376% 2,289 1,772 -23% • Retail distribution 194 334 300 -10% +55% 871 1,065 +22% • Others, Non-attributable, -5 33 -168 n/a n/a -85 7 n/a 33Eliminations 1) Restated based on new segment classification valid as of 1Q09 2) Minor mathematical discrepancy between segments and total due to rounding CYCLICAL EBITDA DEVELOPMENT

2000-2008 EBITDA and EBITDA growth (m CZK)

11,919 EBITDA

+160% 9,508 8,823 8,298 -20% 7,826 7,014 -18% +6% -21% 4,577 4,481 4,063 -46% -42% +13% 2,778 -38%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 34 CONDENSED BALANCE SHEET

CZK m 31 Dec 2009 31 Dec 2008 TOTAL ASSETS 58,249 57,742 Non-current assets 38,061 38,890 Current assets 20,188 18,852 Inventories 8,598 7,212 Trade Receivables 9,310 9,234 Cash and cash equivalents 1,186 952 TOTAL EQUITY AND LIABILITIES 58,249 57,742 Total equity 37,871 38,913 Total liabilities 20,378 18,829 Non-current liabilities 4,267 4,830 Loans and borrowings 2,012 2,084 Current liabilities 16,111 14,999 Trade and other payables and accruals 14,595 11,660 Current portion of loans and borrowings 209 243 Short-term bank loans 140 1,750 35 NET DEBT 1,212 3,253 CONDENSED P&L AND CASH FLOW STATEMENT

CZK m 31 Dec 2009 31 Dec 2008

Revenue 67,387 98,144 Gross profit 2,157 4,673 Gross profit margin 3.2% 4.8% Operating profit before finance cost -654 1,003 Operating profit margin -1.0% 1.0% Net finance cost -564 -981 Profit before tax -1,218 21 Income tax expense 377 45 Net profit for the period -840 65 Net profit margin -1.2% 0.0%

CZK m 31 Dec 2009 31 Dec 2008 Net cash provided by operating activities 3,741 4,213 Net cash provided by investing activities -1,819 -3,148 36 Net cash provided by financing activities -1,689 -3,197 UNIPETROL SALES VOLUMES BREAKDOWN - REFINING

FY08/ 4Q08 3Q09 4Q09 Q/Q Y/Y FY08 FY09 FY 09 kt 1 2 3 4=3/2 5=3/1 6 7 8=7/6 Fuels and other refinery 784 824 746 -10% -5% 3,324 2,915 -12% products Diesel 382 422 358 -15% -6% 1,700 1,482 -13% Gasoline 179 179 176 -2% -2% 685 659 -4% JET 21 28 21 -24% 0% 88 75 -15% LPG 33 35 30 -14% -9% 126 115 -9% Fuel oils 60 28 34 +21% -43% 210 141 -33% Naphtha 1 1 0 -100% -100% 6 7 +16% Bitumen 59 84 61 -28% +3% 258 239 -7% Lubes 10 10 10 -7% -5% 42 38 -9% Rest of refinery products 38 38 56 +49% 48% 209 159 -24%

Retail distribution - Benzina 124 134 122 -9% -2% 501 494 -1%

37 UNIPETROL SALES VOLUME BREAKDOWN - PETROCHEMICAL

FY08/ 4Q08 3Q09 4Q09 Q/Q Y/Y FY08 FY09 FY 09 kt 1 2 3 5=3/2 6=3/1 7 8 9=8/7 Petrochemicals 366 464 444 -4% +21% 1,830 1,824 0% Ethylene 26 37 32 -13% +25% 148 143 -4% Benzene 35 49 48 -1% +38% 179 182 +2% Propylene 5 14 9 -37% +75% 27 36 +34% Urea 39 41 44 +7% +11% 182 169 -7% Ammonia 47 61 59 -5% +24% 192 232 +21% C4 fraction 30 37 39 +5% +31% 165 144 -13% Oxo-alcohols 10 1 0 -49% -96% 56 18 -68% Polyethylene (HDPE) 57 61 70 +13% +22% 286 286 0% Polypropylene 39 52 50 -4% +27% 196 214 +9% Rest of petrochemical 78 110 93 -16% +20% 399 402 +1% products

38 STEADY INCREASE IN DIESEL CONSUMPTION

Development of gasoline and diesel supplies to Benzina filling stations 100%

32% 32% 33% 34% 35% 33% 80% 37% 41% 42% 43% 45% 46% 50% 53% 55% 57%

60%

40% 68% 68% 67% 67% 65% 67% 63% 59% 58% 57% 55% 54% 50% 47% 45% 20% 43%

0% 1994199519961997199819992000200120022003200420052006200720082009

Gasoline+LPG Diesel+Biodiesel 39 Source: Unipetrol CEE PER CAPITA CONSUMPTION OF PLASTICS LAGS BEHIND WESTERN EUROPE

Per capita consumption of plastics 150 CAGR +3%

120

90

kg/year CAGR +7% 60

30

0 1980 2005 2010F 2015F

CEE (incl. Russia and CIS) Western Europe 40 Source: PlasticsEurope SIMPLIFIED STRUCTURE OF UNIPETROL GROUP AFTER RESTRUCTURING MEASURES

UNIPETROL

100% 100% 100% 51.22%

UNIPETROL ČESKÁ PARAMO BENZINA 1) RPA RAFINÉRSKÁ

100% 99% 99.4% 100% MOGUL POLYMER PETROTRANS SLOVAKIA INSTITUTE BRNO VÚAnCH

99.88% 51% UNIPETROL DOPRAVA Butadien 2) 87% Kralupy UNIPETROL SLOVENSKO

100%

UNIPETROL SERVICES

1) ČESKÁ RAFINÉRSKÁ, a.s. (51.22%), a joint venture of UNIPETROL, a.s., ENI INTERNATIONAL, B.V., and Shell Overseas Investment B.V., the largest processing refinery in the Czech Republic, with a wide range of products and total annual capacity 41 of 8.8 million tonnes 2) Butadien Kralupy, a.s. (51%), a joint venture of UNIPETROL, a.s., and SYNTHOS Kraplupy, a.s.