5. Holders of any securities conferring special control rights, along with a description of those rights
Pursuant to the Articles of Association, as long as the State Treasury remains a shareholder of the Issuer, the State Treasury, represented by the minister competent for matters pertaining to the State Treasury, acting in this respect in agreement with the minister competent for economy, has the right to appoint and remove one member of the Supervisory Board.
Additionally, pursuant to the Articles of Association, the State Treasury (as a shareholder) approves in writing: (i) any changes to material provisions of the existing trade agreements for import of natural gas to Poland, as well as execution of such agreements, and (ii) the implementation of any strategic investment projects or the Company’s involvement in investment projects which, permanently or temporarily, impair the economic efficiency of the Company’s business activities, but which are necessary to ensure Poland’s energy security.
Irrespective of the State Treasury’s percentage share in the Issuer’s share capital, the State Treasury has the right to demand that the General Meeting be convened and that particular matters be placed on the agenda.
As a shareholder in PGNiG S.A., the State Treasury also enjoys other rights under other relevant laws and regulations.
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