The notes are five-year bearer notes. All the notes are denominated in the Polish złoty and were offered in a private placement exclusively in the territory of Poland. They mature on June 19th 2017.

Following the note issue discussed above, the total nominal value of all notes issued under the Programme and outstanding as at June 19th 2012 was PLN 2.5bn.

The notes are issued with a view to raising financing for PGNiG's day-to-day needs related to the implementation of the Group's strategy. The proceeds are to be applied towards conventional oil and gas exploration, shale gas exploration, construction and expansion of production facilities, underground storage capacities and the distribution network, including new gas service lines, and projects in the power sector.

On May 22nd 2012, PGNiG SA executed an agreement on its PLN 4.5bn five-year domestic notes programme with ING Bank Śląski SA and Bank Polska Kasa Opieki SA.

Press Team of PGNiG SA