Orange Polska S.A.

Report Publication Announcement • Feb 13, 2017

Current report 5/2017Orange Polska S.A. - Warsaw, Poland13February 2017

(translation of Polish version)title:Management resolution regarding dividend.

Pursuant to Art. 17 clause 1 of the Regulations (eu) no 596/2014 of theEuropean Parliament and of the Council of 16 April 2014 on market abuse(market abuse regulation) and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC (hereinafter "MAR Regulations")the Management Board of Orange Polska S.A. ("Orange Polska", "theCompany") hereby informs about a decision regarding the dividend paymentdeclaration.

On 13 February 2017, the Management Board of Orange Polska adopted aresolution on dividend recommendation to be paid in 2017.

Management has decided to maximise cash allocation to strategicinvestment projects (including fibre network rollout and 4G/LTE network)and therefore will recommend not paying any dividend in 2017 for theyear ended 31.12.2016. This decision is responsible and for the good ofthe Company and its shareholders as market repair is progressing slowerthan previously anticipated and more offensive actions are needed.

The ultimate decision concerning dividend will be made by the GeneralMeeting of Shareholders of Orange Polska.