PGNiG: Closing of the book-building process for the first issue under the Eurobond Issue Programme

The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) hereby reports that the book-building process for the first issue of Eurobonds (“the Issue”) under the Eurobond Issue Programme, details of which were reported in Current Report No. 126/2011 of August 25th 2011 and Current Report No. 127/2011 of August 25th 2011 (“the Programme”), was completed on February 7th 2012.The Issue will be carried out by PGNiG Finance AB of Stockholm, a wholly-owned subsidiary of PGNiG. After the relevant documents are executed, PGNiG Finance will issue Eurobonds on the following terms:1. Issue amount: EUR 500,000,000 (five hundred million euro),2. Issue currency: EUR,3. Maturity: 5 years,4. Proceeds from the bond issue raised by PGNiG Finance AB will be advanced as a loan to PGNiG,5. Yield rate: 4.098% p.a.,6. Interest periods: 1 year,7. Coupon rate: 4.00% p.a.,8. Issue price: 99.565,9. Issue registered on: the Luxembourg Stock Exchange.