Nr 89/2013  |  24-05-2013 

PGNiG: PGNiG Notes Placed with the Group Subsidiaries

The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) reports on the acquisition of PGNiG debt securities by the Group subsidiaries.
On May 24nd 2013, PGNiG issued notes (the “Notes”) under the Short-Term Note Issue Programme dated December 1st 2010 (the “Programme”). The aggregate par value of the Notes is PLN 99,000,000.00 (fifty million złoty), including:
- 300 Notes with the total value of PLN 30,000,000.00 (thirty million złoty), maturing on Juny 07th 2013 and yielding 3.35% per annum, which have been acquired by Górnośląska Spółka Gazownictwa Sp. z o.o., in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting.
- 690 Notes with the total value of PLN 69,000,000.00 (sixty nine million złoty), maturing on Juny 21th 2013 and yielding 3.35% per annum, which have been acquired by Mazowiecka Spółka Gazownictwa Sp. z o.o., in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting
The par value of one Note is PLN 100,000.00 (one hundred thousand złoty).
All the Notes are denominated in the Polish złoty and have been offered in a private placement exclusively in the territory of Poland.
The Notes are unsecured discount bearer notes in book-entry form, and will be redeemed at par value.
PGNiG has no plans to introduce the Notes to public trading.
The Programme is a tool designed to effectively manage short-term liquidity within the PGNiG Group.
Following the Note issue discussed above, the total par value of notes issued under the Programme and outstanding as at May 24th 2013 is PLN 843,300,000.00 (eight hundred forty three million three hundred thousand złoty).