PGNiG: Change of the date for launch of production from the Skarv field in Norway

The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) reports that production from the Skarv field in Norway has been postponed from Q2 2012 to Q4 2012. Although the licence operator has kept the riser installation vessel on standby at the field throughout the winter, there have been no suitable breaks in the weather from November to March which would be sufficiently long to allow the risers to be installed.Therefore the forecasts of oil and gas production from Norwegian fields, published in Current Report No. 16/2012 of January 30th 2012 will be revised as soon as PGNiG receives relevant data from the Skarv field operator.