1.1.1. THE GROUP

Parent’s name	Polskie Górnictwo Naftowe i Gazownictwo Spółka Akcyjna
Registered office	ul. Marcina Kasprzaka 25, 01-224 Warsaw, Poland
Court of registration	District Court for the Capital City of Warsaw, 12th Commercial Division of the National Court Register
NATIONAL COURT REGISTER (KRS) NO.	0000059492
Industry Identification Number (REGON)	012216736
Tax Identification Number (NIP)	525-000-80-28
Description of business	The Company’s principal business activity is exploration for and production of natural gas and crude oil, import, storage and sale of gas and liquid fuels, and trade in electricity.

Polskie Górnictwo Naftowe i Gazownictwo Spółka Akcyjna is the parent (“PGNiG”, “Company”, “Parent”) of the PGNiG Group (“PGNiG Group”, “Group”). PGNiG shares are listed on the Warsaw Stock Exchange (“WSE”).

As at the date of issue of these consolidated financial statements for 2019, the State Treasury, represented by the minister competent for energy matters, was the only shareholder holding 5% or more of total voting rights in PGNiG S.A.

The PGNiG Group plays a key role in the Polish gas sector. As the market leader, it is responsible for national energy security, ensuring diversification of gas supplies by developing domestic deposits and sourcing gas from abroad. The Group’s principal business comprises exploration for and production of natural gas and crude oil, as well as import, storage, sale and distribution of gas and liquid fuels, as well as heat and electricity generation and sale.

The PGNiG Group is a leader in all areas of its operations. In Poland, the Group is the largest importer of gas fuel (mainly from Russia and Germany), the main producer of natural gas from Polish deposits, and a significant producer of heat and electricity in Poland. The Group’s upstream business is one of the key factors ensuring PGNiG’s competitive position on the Polish gas market.

For further information on the Group’s operating segments and consolidated entities, see Note 2.