On 30 December 2009, an agreement on the sale of crude oil was concluded between PGNiG S.A. and TOTAL TOTSA OIL TRADING S.A.

On 8 December 2009, an understanding was signed on extending the payment deadline for liabilities of Zakłady Chemiczne Police SA towards Polskie Górnictwo Naftowe i Gazownictwo SA.

November 19th 2009 marked the day when Polskie Górnictwo Naftowe i Gazownictwo S.A. ("PGNiG") joined the élite group of companies listed in the RESPECT Index of the Warsaw Stock Exchange, which includes issuers recognised for their corporate social responsibility efforts.

On 25 November 2009, Polskie Górnictwo Naftowe i Gazownictwo SA and Petrolinvest SA signed a framework cooperation agreement covering exploration and extraction operations and the performance of geological works.

The new website of Polskie Górnictwo Naftowe i Gazownictwo has been customised to accommodate the needs of users with disabilities. It also includes a new feature that allows for online replacement of contracts. This change constitutes yet another stage in implementing the Sustainable Development and Corporate Responsibility Strategy adopted by the PGNiG Capital Group.

On 19 November 2009 the General Meeting of the Shareholders of PGNiG SA made a decision to establish a new company, PGNiG Energia SA. The goal of the new company is to implement plans of transforming the Group into a modern, diversified energy corporation. PGNiG Energia SA will engage in projects related to the construction of power units, investments in gas-fired cogeneration plants and pilot biogas projects.

On 18 November 2009, Polskie Górnictwo Naftowe i Gazownictwa SA addressed to Zakłady Chemiczne "Police" SA a letter containing its decision to withdraw from the natural gas sale agreement. The reason for the decision is the steadily growing debt of Zakłady Chemiczne "Police" SA towards PGNiG SA due to the unsettled bills for delivery of natural gas. Pursuant to the provisions of the agreement, the withdrawal will take place after 30 days from the date of receiving today's letter by Zakłady Chemiczne "Police" SA.

In the third quarter of 2009, the PGNiG Capital Group attained a net profit of PLN 408 million, which is PLN 228 million (127 per cent) more than in Q3 of 2008 when the net result was only PLN 180 million. The results achieved confirm earlier statements on the systematic improvement of PGNiG Group's financial situation, and remain in line with market expectations - revenues from sales meet expectations, while net profit is seven per cent higher than the market consensus.

On 3 November 2009 the management board of PGNiG SA adopted a set of agreements concluded as part of the "Joint declaration between OAO Gazprom and PGNiG SA on cooperation with regard to gas". The understanding concluded by PGNiG SA and OAO Gazprom regarding gas supplies ensures the security of supplies to all clients in Poland and provides a basis for growth on the domestic gas market. Also, it does not jeopardise plans to diversify supplies of gas, which remain a priority. The understanding extends the life of the current long-term contract from 2022 to 2037 and sets gas supply levels at 10.27 billion cubic metres. The long-standing pricing formula remains unchanged. The agreements between PGNiG and Gazprom will come into force after appropriate documents are signed by the Republic of Poland and the Russian Federation at government level.

During the talks closed on October 29th 2009 in Moscow, PGNiG SA and OAO Gazprom settled the terms of cooperation regarding natural gas supplies to Poland. The Parties reached agreement on increasing the supplies and extending the term of the existing contract until 2037. Additionally, PGNiG SA and OAO Gazprom adopted compromise solutions regarding the manner of managing EuRoPol GAZ SA and the tariff policies applied by the company.

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.