The Audit Committee has operated as a standing body of the Supervisory Board since 27 November 2008. It is composed of at least three members of the Supervisory Board, including at least one member independent from PGNiG or any entity significantly affiliated with PGNiG and appointed by the General Meeting pursuant to PGNiG’s Articles of Association. This person must be competent in accounting and finance matters. Members of the Audit Committee are appointed by the Supervisory Board.

The powers and the manner of operation of the Company’s governing bodies are described in detail in the Articles of Association and the Rules of Procedure for the General Meeting, the Supervisory Board (including the Rules of Procedure for the Audit Committee) and the Management Board. The documents are available at www.pgnig.pl in the ‘Corporate Governance’ section.