PGNiG: Receipt of copy of Gazprom’s petition for setting aside final award issued in arbitration proceedings concerning reduction of contract price for gas supplied under Yamal Contract

In reference to Current Report No. 25/2020 of June 2nd 2020, the Management Board of Polskie Górnictwo Naftowe i Gazownictwo S.A. (“PGNiG” or the “Company”) announces that on July 15th 2020 the Court of Appeals in Stockholm served on the Company a copy of the petition filed by PAO Gazprom and OOO Gazprom Export (“Gazprom”) for setting aside the final award of March 30th 2020 (the “Final Award”), issued by the Arbitration Court of Stockholm in arbitration proceedings initiated by PGNiG against Gazprom to reduce the contract price for the gas supplied by Gazprom under the contract for the sale of natural gas to the Republic of Poland of September 25th 1996 (the “Yamal Contract”). The Company announced the issue of the Final Award in Current Report No. 13/2020 of March 30th 2020.
The Company upholds its position expressed in Current Report No. 25/2020 that there are no grounds for setting aside the Final Award. In the proceedings before the Court of Appeals in Stockholm, the Company will seek to have Gazprom’s petition dismissed on the grounds that it is unfounded.