Orange Polska S.A.

Report Publication Announcement • Feb 13, 2017

Current report 3/2017Orange Polska S.A. - Warsaw, Poland13February 2017(translation of Polishversion)title: Managementdecisionon recognising asset impairment loss in financialstatements for 2016.

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"),Management Board of Orange Polska informs about a decision onrecognising asset impairment loss.

On 13 February 2017, Orange Polska Management Board has decided torecognise asset impairment loss in the amount of PLN 1,793 million inthe consolidated financial statements.

The asset impairment loss affected 2016 net earnings with no impact onEBITDA and cash.

The impairment loss was driven by lower projected cash flows within thebusiness plan resulting from the reassessment of expected furtherbusiness performance in light of current market conditions andtechnological advancements coupled with an increase in the post-taxdiscount rate.

Moreover, the Company informs that on 7 February 2017, the SupervisoryBoard's Audit Committee of Orange Polska after discussion with theManagement Board issued a positive opinion to make the above describedimpairment. In the view of the Management Board the opinion of the AuditCommittee constituted inside information within the meaning of Article 7of the MAR Regulations. Having in mind that immediate - so before makinga decision by the Management Board - disclosure to the public of thisinformation could prejudice the legitimate interests of Orange Polska,the Company, pursuant to article 17 clause 4 of the MAR Regulations,decided to delay disclosure to the public of the inside information.