According to a Fitch Ratings definition, national rating AA determinates that an issuer or bond issue represent very low risk in comparison with other issuers or bond issues in Poland. Risk is only insignificantly higher than risk represented by issuers or bond issues with the highest rankings. Bonds were issued within bond issue program of up to PLN 5,000,000,000 established on August 29, 2011. Bonds were offered in the private placement.

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