PGNiG: Decision of the President of the Energy Regulatory Authority (URE) concerning the Gaseous Fuel Tariff

The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) hereby reports that on March 16th 2012 PGNiG was notified of Gaseous Fuel Tariff of PGNiG SA approved under Decision No. DTA-4212-53(29)/2011/2012/652/V/AG (“Tariff”) issued by the President of the Energy Regulatory Authority (“the President of URE”) on March 16th 2012. The Tariff was published in Biuletyn Branżowy URE – Paliwa gazowe no. 11 (477) on March 16th 2012.The Tariff will be implemented pursuant to Art. 47.4 of the Polish Energy Law, after 14 days and no later than 45 days from the date of the Tariff’s publication. According to above regulations the date of the Tariff’s implementation was settled to March 31st 2012.The Tariff concerning Gaseous Fuels Tariff No. 5/2012 will remain in effect until December 31th 2012.