PGNiG: Recommendation of the PGNiG Management Board concerning dividend from the 2013 non-consolidated net profit

The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) resolved on 1st April 2014 to recommend that the General Meeting of PGNiG allocates PLN 885,000,000 from the 2013 non-consolidated net profit to shareholders as dividend. It means payout at the level of PLN 0.15 per share.The Management Board of PGNiG also proposed:a. to set the dividend record date at 14th August 2014,b. to set the dividend payment date at 4th September 2014.
After a relevant opinion is received from the PGNiG Supervisory Board, the Management Board will make a recommendation to the General Meeting to adopt a resolution on the proposed profit distribution.