Current report 16/2016OrangePolska S.A. - Warsaw, Poland26February 2016

(translation of Polishversion)title: Orange Polska bond issue within the Group

Pursuant to art. 5, clause1, item 6 of the Decree of the Minister of Finance of 19 February 2009on current and periodic information disclosed by issuers of securitiesand conditions for recognising as equivalent information required by thelaws of a non-member state (Journal of Laws of 2009 No. 33, item 259,with amendments) the Management Board of Orange Polska S.A. announcesthat Orange Polska S.A. has received information about the acquisitionby a subsidiary of securities issued by Orange Polska S.A.1.On25 February 2016 Orange Polska S.A. issued Orange Polska S.A. Bondsunder the Orange Polska S.A. Bond Issuance Programme of 6 July 2015. Theaggregate par value of the Bonds is PLN 55,000,000 namely:a)Theissue of PLN 30,000,000 with the redemption date of 10 March 2016 andissue rate of 1.28% per annum, which has been acquired by TP Teltech Sp.z o.o., in which Orange Polska S.A. holds 100% interest, correspondingto 100% of the total number of votes at the General Meeting ofShareholders;b)Theissue of PLN 25,000,000 with the redemption date of 3 March 2016 andissue rate of 1.24% per annum, which has been acquired by TP Teltech Sp.z o.o.2.On26 February 2016 Orange Polska S.A. issued Orange Polska S.A. Bondsunder the Orange Polska S.A. Bond Issuance Programme of 6 July 2015. Theaggregate par value of the Bonds is PLN 10,500,000 with the redemptiondate of 4 March 2016 and issue rate of 1.23% per annum. The issue hasbeen acquired by Orange Customer Service Sp. z o.o., in which OrangePolska S.A. holds 100% interest, corresponding to 100% of the totalnumber of votes at the General Meeting of Shareholders.TheBonds are denominated in PLN and have been offered by private placement,exclusively within the territory of the Republic of Poland. The Bondshave been issued as non-material unsecured bearer discount bonds(zero-coupon bonds). The Bonds will be redeemed per their par value. Thepar value of one bond equals PLN 10,000. Orange Polska S.A. does notanticipate introducing the Bonds into public trading. The bonds are usedfor the management of Orange Polska Group working capital.As a result ofthe issue, the aggregate par value of the outstanding Bonds issued underthe programme is PLN 236,300,000 (as of 26 February 2016).