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

Mar 18, 2016

Current report 21/2016Orange Polska S.A. - Warsaw, Poland18March 2016

(translation of Polishversion)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.1. On 17 March 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 25,000,000 with the redemption date of 31 March 2016 andissue rate of 1.28% per annum. The issue has been acquired by TP TeltechSp. z o.o., in which Orange Polska S.A. holds 100% interest,corresponding to 100% of the total number of votes at the GeneralMeeting of Shareholders.2. On 18 March 2016 Orange Polska S.A.issued Orange Polska S.A. Bonds under the Orange Polska S.A. BondIssuance Programme of 6 July 2015. The aggregate par value of the Bondsis PLN 51,900,000 namely:a) The issue of PLN 27,900,000 with theredemption date of 18 April 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 PLN24,000,000 with the redemption date of 25 March 2016 and issue rate of1.29% 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 offeredby private placement, exclusively within the territory of the Republicof Poland. The Bonds have been issued as non-material unsecured bearerdiscount bonds (zero-coupon bonds). The Bonds will be redeemed per theirpar value. The par value of one bond equals PLN 10,000. Orange PolskaS.A. does not anticipate introducing the Bonds into public trading. Thebonds are used for the management of Orange Polska Group workingcapital. As a result of the issue, the aggregate par value of theoutstanding Bonds issued under the programme is PLN 237,500,000 (as of18 March 2016).