Current Report No. 92/2006

2006.12.28 17:00 Current Report No. 92/2006

Share Capital Increase at Górnośląska Spółka Gazownictwa Sp. z o.o. Current Report No. 92/2005 of December 28th 2006The Management Board of Polskie Górnictwo Naftowe i Gazownictwo S.A. (“PGNiG") hereby reports that on December 28th 2006 it was notified that on December 18th 2006 the District Court of Gliwice, X Commercial Division of the National Court Register, registered a share capital increase at Górnośląska Spółka Gazownictwa Sp. z o.o. (“GSG") of Zabrze. The share capital was increased by PLN 4,148,000.00 – from PLN 1,288,403,000.00 to PLN 1,292,551,000.00. The shares in the increased share capital were covered with a cash and non-cash contribution by the company’s sole shareholder - PGNiG. The book value of the assets transferred by PGNiG to GSG as a non-cash contribution stands at PLN 2,190,785.26, whereas the value of the cash contribution is PLN 399.00. Following the registration of the share capital increase, the total number of votes in the company amounts to 1,292,551. PGNiG holds 100% of shares in GSG conferring the right to 100% of votes at its shareholders meeting.GSG’s business scope includes trade and distribution of natural gas.

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