Warsaw, January 30th 2012

Natural Gas and Crude Oil Production Forecast for 2012 - 2013

Current Report No. 16/2012
The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA ("PGNiG")
hereby reports the natural gas and crude oil production forecast for 2012 - 2013.

Natural gas production forecast (in billion cubic metres)*

2012

2013

Poland

4.4

4.4

Abroad

0.3

0.5

herein: Norway

0.2

0.4

Total

4.7

4.9

* measured as high-methane gas equivalent

Crude oil production forecast (in thousand tons)

2012

2013

Poland

480

750

Abroad

180

490

herein: Norway

180

490

Total

660

1,240

Domestically, the gas production capacity in 2012 will remain at a level similar to that recorded in 2011, but there will be more options regarding potential uses of developed reserves. Starting from July 2012, once extension of the Ko