No. 160/2013  |  08-10-2013

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 October 8th 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 92,000,000.00 (ninety two million złoty), including:
• 800 Notes with the total value of PLN 80,000,000.00 (eighty million złoty), maturing on November 5th 2013 and yielding 2.89% per annum, which have been acquired by Polska Spółka Gazowictwa Sp. z o.o. Branch in Poznań, in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting;
• 120 Notes with the total value of PLN 12,000,000.00 (twelve million złoty), maturing on October 22nd 2013 and yielding 2.88% per annum, which have been acquired by Polska Spółka Gazowictwa Sp. z o.o. Branch in Zabrze, 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 October 8th 2013 is PLN 512,300,000.00 (five hundred twelve million three hundred thousand złoty).