The Annual General Shareholders Meeting of Polskie Górnictwo Naftowe i Gazownictwo Spółka Akcyjna also approved the financial statements and management board report on the operations of PGNiG SA for 2008 and consolidated financial statements and management board report on the operations of the PGNiG Capital Group for 2008.

The balance-sheet profit for the financial year 2008 in the amount of PLN 546,235,958.83 was divided in the following manner:

1. Increase supplementary capital of the Company by PLN 1,435,958.83
2. Distribution of divided in the amount of PLN 531,000,000.00 (i.e. PLN 0.09 per share), whereof:  PLN 382,499,999.91 in the form of a non-monetary dividend for the State Treasury. The subject of the dividend and the manner of its valuation will be specified in a respective resolution of the General Shareholders Meeting pursuant to clause 63.7 of the Articles of Association of the Company, subject to the proviso that should the value of the in-kind payment was lower than PLN 382,499,999.91, then the outstanding part of the payment will be made in a monetary form.
3. Increase Social Benefits Fund by PLN 8,800,000.00.
4. Increase supplementary capital by PLN 5,000,000.00.

In addition, the Annual General Shareholders Meeting of PGNiG SA decided to allocate the retained earnings of PLN 42,324,392.36 as follows:

- PLN 39,769,313.34 for employee premiums

- PLN 2,555,079.02 to increase the supplementary capital of the Company.

The date of the right to dividend will be 26 August 2009 and the dividend distribution date will be 2 October 2009.

Joanna Zakrzewska

Spokesperson for PGNiG SA