PGNiG SA, aware of the difficult situation in the chemical sector, used all the possibilities to resolve the situation amicably, having extended the payment of liabilities several times. However, as Zakłady Chemiczne "Police" SA failed to observe another deadline for payment which, as mutually agreed by the parties on the basis of the settlement reached on 3 September 2009, was to be 15 November of the current year, PGNiG SA was forced to take decisions aimed at protecting the interests of the Company and all of its shareholders. The balance of liabilities of Zakłady Chemiczne "Police" SA towards PGNiG SA as at 17 November 2009 exceeds significantly the value of three months' gas fuel deliveries provided to that undertaking. Under the Agreement, such circumstances are deemed as failure of Zakłady Chemiczne "Police" SA to perform its material obligations towards PGNiG SA. Joanna Zakrzewska Spokeseman for PGNiG SA