PGNiG: Execution of Notes Issuance Programme documentation

Execution of Notes Issuance Programme documentationCurrent Report No. 82/2012The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) hereby reports that on May 22nd 2012 it executed the documentation for a PLN 4,500,000,000 (four billion five hundred million złoty) Notes Issuance Programme (the “Programme”) with ING Bank Śląski SA and Bank Polska Kasa Opieki SA, acting as the issue arrangers.Under the five-year Programme, PGNiG will be able to issue for private placement fixed or floating rate notes with maturities of up to 10 years. The notes may be introduced to the Catalyst multilateral trading facility.The notes will be issued with a view to raising financing for PGNiG's day-to-day needs related to the implementation of PGNiG Group’s strategy.