No. 139/2013  |  22-08-2013

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 August 22nd 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 70,000,000.00 (seventy million złoty), including:
• 500 Notes with the total value of PLN 50,000,000.00 (fifty million złoty), maturing on September 23rd 2013 and yielding 2.92% per annum, which have been acquired by PGNIG SPV4 Sp. z o.o. Branch in Tarnów, in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting;
• 200 Notes with the total value of PLN 20,000,000.00 (twenty million złoty), maturing on September 12th 2013 and yielding 2.91% per annum, which have been acquired by PGNIG SPV4 Sp. z o.o. Branch in Warsaw, 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 August 22nd 2013 is PLN 400,600,000.00 (four hundred million six hundred thousand złoty).