Further, the Annual General Meeting of PGNiG SA approved the Company's financial statements and the Directors' Report on the operations of PGNiG SA in 2012, as well as the consolidated financial statements of the PGNiG Group and the Directors' Report on the operations of the PGNiG Group in 2012.

The General Meeting resolved to allocate PLN 1.15bn of the 2012 net profit to the Company's statutory reserve funds, following the need to finance projects launched under the approved investment plan for 2013. The PGNiG Group's plans for 2013 provide for investment expenditure of approximately PLN 5.5bn.

The dividend for 2012 will be paid out to the shareholders from PGNiG's net profit, which last year amounted to PLN 1,918.5m. PLN 767m was allocated for dividend payment (PLN 0.13 per share).

In addition, the Annual General Meeting resolved to allocate retained earnings of PLN 625.93m for contribution to the Company's statutory reserve funds.

The dividend record date and the dividend payment date were set for July 20th 2013 and October 3rd 2013 respectively.

The Annual General Meeting also agreed on the consolidation of six distribution system operators within the PGNiG Group.

Joanna Zakrzewska

Press Officer