PGNiG: PGNiG Notes Placed with the Group Subsidiaries

Current Report No. 31/2015The Management Board of Polskie Górnictwo Naftowe i Gazownictwo S.A. (“PGNiG”, the “Company”) reports that the Annual General Meeting of the Company, held on April 16th 2015, adopted Resolution No. 26/IV/2015 whereby it amended the Company's Articles of Association.
The amendment shall become effective upon their registration by the Registry Court.
In Article 35, item 1 shall read as follows: "The Supervisory Board shall have from five to nine members, appointed by the General Meeting, subject to Article 36.1 below. Notwithstanding the foregoing, as long as the State Treasury remains a shareholder of the Company, the State Treasury, represented by the minister competent for matters pertaining to the State Treasury shall have the right to appoint and remove one member of the Supervisory Board."
Current wording:
"The Supervisory Board shall have from five to nine members, appointed by the General Meeting, subject to Article 36.1 below. Notwithstanding the foregoing, as long as the State Treasury remains a shareholder of the Company, the State Treasury, represented by the minister competent for matters pertaining to the State Treasury, acting in consultation with the minister competent for economy, shall have the right to appoint and remove one member of the Supervisory Board.”