PGNiG SA - PGNiG Notes Placed with the Group Subsidiaries

Warsaw, June 5th 2014

PGNiG Notes Placed with the Group Subsidiaries

Current Report No. 76 /2014

The Management Board of Polskie GórnictwoNaftowe i Gazownictwo SA ("PGNiG") reports on the acquisition of PGNiG debt securities by the Group subsidiaries.

On June 5th 2014, PGNiG issued notes (the"Notes") under the Short-Term Note Issue Programme dated May 6th 2014 (the "Programme"). The aggregate par value of the Notes is PLN 70,000,000.00 (seventy million złoty), including:

a) 500 Notes with the total value of PLN50,000,000.00 (fifty million złoty), maturing on July 7th 2014 and yielding 2.77% per annum, which have been acquired by Polska Spółka Gazowictwa Sp. z o.o., in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting;

b) 200 Notes with the total value of PLN20,000,000.00 (twenty million złoty), maturing on August 4th 2014 and yielding 2.82% per annum, which have been acquired by Polska Spółka Gazowictwa Sp. z o.o., in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting;

The par value of one Note is PLN 100,000.00(one hundred thousand złoty).

All the Notes are denominated in the Polishzłoty and have been offered in a private placement exclusively in the territory of Poland.

The Notes are unsecured discount bearernotes in book-entry form, and will be redeemed at par value.

PGNiG has no plans to introduce the Notesto public trading.

The Programme is a tool designed toeffectively manage short-term liquidity within the PGNiG Group.

Following the Note issue discussed above,the total par value of notes issued under the Programme and outstanding as at June 5th 2014 is PLN 525,500,000.00 (five hundred twenty five million five hundred thousand złoty).

More information on page: biznes.pap.pl

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