With reference to the press release about pricing 10-year benchmark bonds denominated in USD, maturing on April 6th, 2026, which was conducted on March 30th, 2016, Ministry of Finance presents additional information concerning orderbook and structure of investors:

• The bonds were priced at 150 basis points over US Treasury Notes due February 15th, 2026, which gives 3.339% of yield. Semi-annual coupon has been set at 3.250%.
• The orderbook reached USD 3.6bn. The nominal amount of the issue is USD 1.75bn.
• The bonds were allocated to investors from the United States (46%), UK (13%), Poland (11%), Germany (11%), Netherlands (2%), Denmark (2%), Switzerland (2%), other Europe (4%), Asia (6%), Middle East (2%), and other countries (1%).
• In terms of investor type, the buyers group included: asset managers (76%), insurance and pension companies (15%), banks (4%), central banks and public institutions (3%), and other entities (2%).
• The issue was executed under Republic of Poland's SHELF Programme registered under the Securities and Exchange Commission. You may find Prospectus on the SEC website: www.sec.gov.
• The lead managers and bookrunners on the transaction were Barclays, BNP Paribas, Deutsche Bank and J.P. Morgan.