News Column

PGNiG Notes Placed with the Group Subsidiaries

July 1, 2014



ENP Newswire - 01 July 2014

Release date- 27062014 - The Management Board of Polskie Gornictwo Naftowe i Gazownictwo SA reports on the acquisition of PGNiG debt securities by the Group subsidiaries.

On June 27th 2014, PGNiG issued notes (the 'Notes') under the Short-Term Note Issue Programme dated May 6th 2014 (the 'Programme'). The aggregate par value of the Notes is PLN 10,000,000.00 (ten million zloty), including:

100 Notes with the total value of PLN 10,000,000.00 (ten million zloty), maturing on August 28th 2014 and yielding 2.80% per annum, which have been acquired by Geofizyka Toru S.A. in which PGNiG holds a 100% stake and has the right to 100% of the total vote at the General Meeting;

The par value of one Note is PLN 100,000.00 (one hundred thousand zloty).

All the Notes are denominated in the Polish zloty and have been offered in a private placement exclusively in the territory of Poland.

The Notes are unsecured discount bearer notes in book-entry form, and will be redeemed at par value.

PGNiG has no plans to introduce the Notes to public trading.

The Programme is a tool designed to effectively manage short-term liquidity within the PGNiG Group.

Following the Note issue discussed above, the total par value of notes issued under the Programme and outstanding as at June 27th 2014 is PLN 585,800,000.00 (five hundred eighty five million eight hundred thousand zloty).

Investor Contact:

Aleksandra Dobosiewicz

Tel: +48 22 589 46 71

Email: aleksandra.dobosiewicz@pgnig.pl

Adam Kucza

Tel: +48 22 691 82 56

Email: adam.kucza@pgnig.pl


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Source: ENP Newswire


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