Orange Polska S.A. — Capital/Financing Update 2016

Apr 19, 2016

Current report 29/2016Orange Polska S.A. - Warsaw, Poland19April 2016(translationof Polish version)title:Orange Polska bond issue within the Group

Pursuant to art. 5, clause 1, item 6 of the Decree of the Minister ofFinance of 19 February 2009 on current and periodic informationdisclosed by issuers of securities and conditions for recognising asequivalent information required by the laws of a non-member state(Journal of Laws of 2009 No. 33, item 259, with amendments) theManagement Board of Orange Polska S.A. announces that Orange Polska S.A.has received information about the acquisition by a subsidiary ofsecurities issued by Orange Polska S.A.On 18 April 2016 OrangePolska S.A. issued Orange Polska S.A. Bonds under the Orange Polska S.A.Bond Issuance Programme of 6 July 2015. The aggregate par value of theBonds is PLN 37,000,000 namely:a) The issue of PLN 27,000,000 withthe redemption date of 18 May 2016 and issue rate of 1.29% per annum,which has been acquired by TP Invest Sp. z o.o., in which Orange PolskaS.A. holds 100% interest, corresponding to 100% of the total number ofvotes at the General Meeting of Shareholders;b) The issue of PLN10,000,000 with the redemption date of 25 April 2016 and issue rate of1.30% per annum, which has been acquired by Orange Customer Service Sp.z o.o., in which Orange Polska S.A. holds 100% interest, correspondingto 100% of the total number of votes at the General Meeting ofShareholders.

The Bonds are denominated in PLN and have been offered by privateplacement, exclusively within the territory of the Republic of Poland.The Bonds have been issued as non-material unsecured bearer discountbonds (zero-coupon bonds). The Bonds will be redeemed per their parvalue. The par value of one bond equals PLN 10,000. Orange Polska S.A.does not anticipate introducing the Bonds into public trading. The bondsare used for the management of Orange Polska Group working capital. As aresult of the issue, the aggregate par value of the outstanding Bondsissued under the programme is PLN 229,500,000 (as of 18 April 2016).