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137/2013 Social agreement

Telekomunikacja Polska S.A. (TP S.A.) – Warsaw, Poland

Pursuant to art. 56, clause 1, item 1 of the Law of 29 July 2005 on public offering and the conditions for introducing financial instruments to the organised trading system and on public companies (Journal of Laws of 2005, No. 184, item 1539, with amendments), the Management Board of Telekomunikacja Polska S.A. (“TP S.A.”,“the Company” or “Orange Polska”) informs that it has concluded a settlement with TP S.A. and OCS trade unions.

Orange Polska (TP Group) signed a Social Agreement with trade unions for 2014-2015, under which up to 2,950 employees may benefit from voluntary departures

December 9, 2013: TP S.A. Management Board signed a new Social Agreement with the trade unions for 2014-2015, which will come in force from January 1, 2014. The Social Agreement concerns, amongst other, investment in friendly work environment, outplacement support focused on 50+ employees, pay rises (2.5% in 2014 and 2015), and allowing employees unable to adjust their professional profile to changing market needs to leave the Company with compensation.

Between 2014 and 2015, up to 2,950 employees of TP S.A. and Orange Customer Service sp. z o.o. (100% subsidiary) will be entitled to take advantage of the voluntary departure package, providing that their seniority exceeds 10 years. Moreover, the Parties signed separate settlements with trade unions, specifying that up to 1,150 employees of TP S.A. and 380 employees of Orange Customer Service may take advantage of the above mentioned package in 2014. The voluntary departure offer is addressed to employees covered by the Corporate Collective Labour Agreement for TP S.A. This does not concern 413 employees that will leave the Group upon successful conclusion of the disposal of the Wirtualna Polska portal.

The value of compensation package per departing employee will depend on their seniority in TP S.A. ranging from 4 to 15 times of monthly remuneration, and in 2014 it will be additionally enlarged (per employee) by PLN 5,000 for employees with 10-15 years of seniority, PLN 9,000 for employees with more than 15 but less than 20 years of seniority and PLN 26,000 for employees with more than 20 years of seniority

TP S.A. Management Board will conduct the appropriate analysis and the financial impact resulting from the above-mentioned agreement will be recorded in the accounts for the fourth quarter of 2013.

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