PGNiG: Fulfilment of conditions precedent under agreements related to the “Construction of a CCGT Unit in Stalowa Wola” project

The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) reports that on April 25th 2013 the last conditions precedent were fulfilled under significant agreements related to the “Construction of a CCGT Unit in Stalowa Wola” project, executed on March 11th 2011, i.e. the electricity sale agreement (“Electricity Sale Agreement”) and the gas supply agreement (“Gas Supply Agreement”), consisting in:1) execution of agreements securing financing for the construction, start-up and launch of operations of the CCGT unit until April 30th 2013 (Electricity Sale Agreement);2) delivery by Elektrociepłownia Stalowa Wola SA of Stalowa Wola to PGNiG of a representation confirming that financing has been obtained for the “Construction of a CCGT Unit in Stalowa Wola” project until April 30th 2013 (Gas Supply Agreement).See also:1. Electricity Sale Agreement: Current Report No. 35/2011 of March 11th 2011, Current Report No. 40/2012 of March 14th 2012, and Current Report No. 191/2012 of December 28th 2012,2. Gas Supply Agreement: Current Report No. 34/2011 of March 11th 2011, Current Report No. 97/2011 of July 8th 2011, and Current Report No. 191/2012 of December 28th 2012.