POLICY OF REMUNERATION OF MANAGING AND SUPERVISING PERSONEL

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The key internal document governing the remuneration policy at PGNiG is the Collective Bargaining Agreement concluded with the trade unions on July 15th 2009. The remuneration system is additionally governed by internal rules implemented at individual organisational units and agreements with trade unions.

In line with the adopted remuneration policy, base pay rates are based on job grading. The rate depends on the qualifications required for a given job, type of work performed and professional experience.

The policy also provides for additional components of remuneration, the most important of them being: awards and bonuses, St. Barbara’s Day awards, jubilee awards, retirement severance payments and annual bonuses.

Incentive scheme

At PGNiG, a bonus scheme is in place whose key components include:

MBO (Management By Objectives) bonus, which applies to management positions responsible for achieving PGNiG’s key objectives. The amount of an MBO bonus depends on the quality and progress in the achievement of allocated objectives;
Discretionary periodic bonus, which covers the remaining employees and is granted on a quarterly basis, based on discretionary assessment of an employee’s performance by their superior;
Discretionary task bonus, earmarked for employees excelling in their work for the Company (a special account placed at the disposal of the PGNiG Management Board);
Discretionary project bonus, earmarked for employees who have been involved in the execution of project work; the bonus amount depends on the quality and progress in the execution of specific projects.

Employee benefits

PGNiG has in place an Employee Pension Plan within the meaning of the Act on Employee Pension Plans of April 20th 2004 (Dz.U. No. 116, item 1207). Every employee who has continuously worked for the Company for at least three months is eligible for the plan.

Remuneration policy for members of the management and supervisory bodies of PGNiG

On September 9th 2016, the Company’s General Meeting passed Resolution No. 9/VIII/2016 on the rules of remuneration for members of the Supervisory Board of PGNiG. Pursuant to the resolution, the monthly remuneration of Supervisory Board members equals the average monthly remuneration in the business sector (net of bonuses paid from profit) in the fourth quarter of the previous year.

Remuneration of members of the management and supervisory bodies of PGNiG in 2019

January 1st 2019–December 31st 2019
Full name	Total remuneration, additional benefits and bonuses paid and due in 2019 for holding key positions at PGNiG, including VAT			Total remuneration for holding key positions at subordinated entities in 2019, including VAT	Total remuneration in 2019
(PLN ‘000)
Total remuneration of Management Board members, including:		9,503		291	9,794
Piotr Woźniak − President of the Management Board		1,984		154	2,138
Łukasz Kroplewski – Vice President of the Management Board		1,846		-	1,846
Michał Pietrzyk – Vice President of the Management Board		1,843		137	1,980
Maciej Woźniak – Vice President of the Management Board		1,848		-	1,848
Robert Perkowski – Vice President of the Management Board		698		-	698
Magdalena Zegarska – Vice President of the Management Board		1,284		-	1,284
Persons no longer in office as at December 31st 2019:		965		14	979
Radosław Bartosik − Vice President of the Management Board¹⁾		965		14	979
Commercial Proxy		620		54	674
Violetta Jasińska-Jaśkowiak – Commercial Proxy		620		54	674

Total remuneration of Supervisory Board members, including:			695	-	695
Sławomir Borowiec		86		-	86
Piotr Broda	81			-	81
Andrzej Gonet	82			-	82
Mieczysław Kawecki	79			-	79
Bartłomiej Nowak	92			-	92
Stanisław Sieradzki	81			-	81
Piotr Sprzączak	86			-	86
Grzegorz Tchorek	79			-	79
Gabrowski Roman	29			-	29
Total remuneration of members of the management and supervisory bodies	11,783			359	12,142
^{1) Served as member of the Management Board until January 16th 2019}

Remuneration of members of the management and supervisory bodies of PGNiG in 2018

January 1st–December 31st 2018
Full name	Total remuneration, additional benefits and bonuses paid and due in 2018 for holding key positions at PGNiG, including VAT		Total remuneration for holding key positions at subordinated entities in 2018, including VAT	Total remuneration in 2018
(PLN ‘000)
Total remuneration of Management Board members, including:	5,410		428	5,838
Piotr Woźniak − President of the Management Board		955	154¹⁾	1,109
Radosław Bartosik − Vice President of the Management Board		894	137¹⁾	1,031
Łukasz Kroplewski – Vice President of the Management Board		896	-	896
Michał Pietrzyk – Vice President of the Management Board		891	137¹⁾	1,028
Maciej Woźniak – Vice President of the Management Board		887	-	887
Magdalena Zegarska – Vice President of the Management Board		887	-	887
Persons no longer in office as at December 31st 2018:		86	-	86
Waldemar Wójcik ²⁾		86	-	86
Commercial Proxy		576	34	610
Violetta Jasińska-Jaśkowiak – Commercial Proxy		576	34	610

Total remuneration of Supervisory Board members, including:	662		-	662
Sławomir Borowiec	86		-	86
Piotr Broda	79		-	79
Andrzej Gonet	81		-	81
Mieczysław Kawecki	80		-	80
Bartłomiej Nowak	91		-	91
Stanisław Sieradzki	80		-	80
Piotr Sprzączak	85		-	85
Grzegorz Tchorek	81		-	81
Total remuneration of members of the management and supervisory bodies	6,734		462	7,196
^{1) All remuneration for service on the Supervisory Board of EUROPOL GAZ S.A. will be paid to the bank account of a non-profit organisation entered in the list approved by the PGNiG Supervisory Board. 2) Served as Member of the Management Board until March 6th 2017.}

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