Management Board of the Polish Oil and Gas Company would like to inform that we are negotiating with Gazprom and OOO Gazprom Export the additional natural gas deliveries to Poland. Until the negotiations are completed, PGNiG SA will not comment the details of the contract.

On 28 September 2009 the Supervisory Board of PGNiG SA gave a positive opinion of the Company Management Board's request to the General Meeting of Shareholders concerning the creation of the company PGNiG Energia SA. In accordance with the assumptions accepted in the Company Strategy, electrical energy activities in the PGNiG Capital Group will constitute a new business segment.  PGNiG Energia will be involved in projects connected with the construction of energy blocks, investments in co-generative installations powered by natural gas, and pilot biogas projects. It will also conduct commercial activities on the wholesale electricity market, and will ensure that electricity purchases are optimised for the whole Capital Group.

In connection with the Standard & Poor's ("S&P") rating agency's 24 September 2009 revision of PGNiG's rating outlook from "stable" to "negative" while retaining a BBB+ rating, PGNiG SA would like to note that even though "the outlook revision reflects the firm's weak performance in the year-to-date", the structure of its results clearly shows that the unfavourable trend is gradually changing (reversing). This is shown by results achieved in the second quarter of 2009, which are clearly better than those from the first quarter of 2009. It appears that the achievement of goals set in the PGNiG Capital Group's annual operating plans is not under threat.

In H1 2009, the PGNiG Group generated sales revenue of PLN 10.25bn, that is nearly 1bn more, year on year. PGNiG recorded a PLN 493m loss, against a 1bn net profit a year earlier. Nonetheless, there is no threat that the targets assumed in the Group's  annual plans would not be achieved.

Mid-September, PGNiG SA is to start seismic works in Denmark. The aim of the works is to explore oil & gas deposits on the license situated in southern Denmark, near German border. Geofizyka Toruń has been contracted to perform the works.

Mid-September, PGNiG SA is to start seismic works in Denmark. The aim of the works is to explore oil & gas deposits on the license situated in southern Denmark, near German border. Geofizyka Toruń has been contracted to perform the works.

The Moscow International Oil & Gas Exhibition was held on 22-26 June 2009. As on previous occasions, PGNiG Capital Group companies were present. Apart from PGNiG SA, the Group was represented by a number of its most important companies, such as: PNiG Kraków sp. z o.o., PNiG Jasło sp. z o.o., ZUN Naftomet sp. z o.o., ZRG Krosno sp. z o.o., BUG Gazobudowa sp. z o.o., BSiPG Gazoprojekt sp. z o.o.

DOHA, QATAR, June 29, 2009: Qatargas and PGNiG today jointly announced the signing of a Sales and Purchase Agreement ("SPA") for LNG supply from Qatar to Poland. Under the terms of the SPA Qatargas will supply one million tonnes per annum ("mtpa") of liquefied natural gas ("LNG") to Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) under a 20 year long term agreement.

On 23 June 2009, the Annual General Shareholders Meeting of PGNiG SA made decision concerning distribution of the balance-sheet profit for the financial year 2008 and discharged from liability all members of the management board and supervisory board of the company for 2008.

On 22 June 2009 Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) and PKN ORLEN SA (ORLEN) concluded an agreement on the join completion of an exploratory and extraction project, located in northwest Poland.