Current Report No. 81/2007
2007.10.19 09:31
Resolution passed by the Extraordinary General Shareholders Meeting of PGNiG on October 18th 2007Current Report No. 81/2007 dated October 18th 2007The Management Board of Polskie Górnictwo Naftowe i Gazownictwo S.A. (“PGNiG") hereby publishes the resolution passed by the Extraordinary General Shareholders Meeting on October 18th 2007:Resolution No. 1of the Extraordinary General Shareholders Meeting of:Polskie Górnictwo Naftowe i Gazownictwo Spółka Akcyjna, registered office in Warsaw,of 18 October 2007on: approval of the acquisition of the newly issued shares in PGNiG Norway ASActing pursuant to Art. 56.6 of the Company’s Articles of Association, and based on the positive opinion of the PGNiG Supervisory Board, expressed in Resolution No. 102/IV/07 of October 9th 2007 concerning the PGNiG Management Board’s motion contained in Resolution No. 643/2007 of September 18th 2007 the Extraordinary General Shareholders Meeting of PGNiG hereby resolves as follows:Par. 1The Extraordinary General Shareholders Meeting grants its approval for PGNiG’s acquisition of all newly issued shares in the increased share capital of PGNiG Norway AS, with the aggregate value of the Norwegian krone (NOK) equivalent of the amount not exceeding USD 200,000,000 (two hundred million dollars), which will be used by PGNIG Norway AS to acquire an interest in the Norwegian continental shelf designated as PL 212, PL 212B and PL 262 from PGNIG S.A. or Mobil Development Norway A/S and ExxonMobil Production Norway Inc., and to meet other obligations relating to the acquisition of these shares. It is assumed that the share capital of PGNiG Norway AS may be increased several times, up to the abovementioned amount and until all the newly issued shares are covered with a cash contribution.Par. 2This Resolution shall take effect as of its adoption date.
