Mnchen, 06.06.2008 PKP PLK S.A. - IWM Modernization of railways in Poland Updating our infrastructure for long-term success

THE POSITION OF PKP POLSKIE LINIE KOLEJOWE AMONG OTHER PKP-OWNED COMPANIESRailway line maintenance and repair companiesEngineering facility maintenance and repair companiesRailway services market Maintenance and repairs

PKP CARGO

Providing access to railway linesPKP IntercityPKP Przewozy Regionalneother companies operating within PKP holdingcompanies operating outside PKP holding

PKP POLSKIE LINIE KOLEJOWE S.A. PKP Polskie Linie Kolejowe manages the railways.Basic functions and the scope of business of the Company cover the following:Railways managementrail traffic controlrail lines administrationMaintaining the rail lines ensuring:efficient and safe transport of passengers and freightprovision of services on a regular and timely basisfire protection and protection of property within the rail-owned areameeting of health, sanitary, veterinary, and environmental requirements

PKP POLSKIE LINIE KOLEJOWE S.A. Organizational structureHead OfficeManagement BoardOrganizational Units (Technical Offices, Financial-Economic Offices, and various Teams)8 Regional Branches27 Local BranchesandTraffic Control CentreRailway Security Guard HeadquartersTrack Machines DepartmentDiagnostics and Measurements Centre.Employment Total average annual employment in all Organizational Units in 2006 amounted to 43 372 persons.

Currently, the length of the railway network amounts to 23,500km

PKP PLK S.A. manages approx. 20,500 km of which almost 19,000 km of lines are under operation. Managed infrastructure:including:17 800 km main railway lines 1 200 km local railway lines 1 500 km railway lines with suspended traffic

Railway lines under operation are subject to different traffic load from 0 to over 200 trains per 24 hrs which has an impact on their importance for PKP PLK S.A.

Railway network in Poland

Managed infrastructure(main elements)18,964 km of railway lines (27,548 km of tracks) 9,268 km of station tracks44,261 turnouts16,512 rail-road crossings (including 2,962 category A crossings)25,470 engineering structures 7,077 buildings11,117 other structures

PKP POLSKIE LINIE KOLEJOWE S.A.

The results of implementation of the railway projects planned for 2007-2013 will be as follows: modernization of 2000 km of linesimplementation of new technical solutions with interoperability principles and gradual activation of ERTMS/ETCS, ERTMS/GSM-R installationsspeed increase up to 200 or 160 km/h for passenger traffic at the basic lines

PKP POLSKIE LINIE KOLEJOWE S.A.

Modernization of railway lines will also be conducted under the Operational Programs of 16 Regions, with co-participation of PKP PLK S.A. Implementation of these projects will be financed from the structural funds. The works planned include modernization of lines of great importance to agglomeration traffic. The anticipated costs of these projects will be around EUR 200 million.

Investment process in PKP PLK S.A.

Financing sources of basic rail investments 2007-2013Infrastructure and Environment Operational ProgramPriority VII: Environmental-friendly transport is financed from the Cohesion Fund

Priority VII budgetEUR millionRailway lines 450.1Railway lines (TEN-T) 3,600.9Rolling stock (TEN-T) 450.1National roads 128.6Inter-modal transport 128.6Ports 385.8Inland waterways (TEN-T) 64.3Promotion of clean urban public transport 1,221.7Total 6,430.1

Financing sources of basic rail investments 2007-2013PRIORITY RAILWAY PROJECTS of total value equal EUR 6 288,5 millionincluding TEN-R network 80%beyond TEN-R network 20%

RESERVE PROJECTS of total value of EUR 3 985 millionincluding TEN-R network 80%beyond TEN-R network 20%

Wykres2

0.66

0.16

0.13

0.05

Railway Projects - Cohesion Fund 2007-13

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6430.1

PRIORYTETOWEREZERWOWE

Linie kolejowe7%450.11270380

PKP POLSKIE LINIE KOLEJOWE S.A.

Wykres1

17600

10760

1923200

1778.41061.9236107135

955.53537.4564622749

4685077.687809437

05360.209072259

04942.6269645544

03194.3874105311

01454.2639405288

2000-2006

2007-13

mn PLN

Annual investment expenditures within infrastructural programs for the period of 2000-2014(investment expenditures financed from PKP PLK own resources and Polish Railway Fund are excluded)

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2002-20052006200720082009201020112012201320142015

2000-20061760107619231778956468000007960.9

2007-13002001062353750785360494331941454024828.5552702986

Razem1760107621232840449355465360494331941454032789.455270298632789.4552702986

2002-20052006200720082009201020112012201320142015

2000-2006262208413456245120000001704

2007-13002927290713021374126781937306344.5001531798

Razem262208442728115214221374126781937308048.50015317988048.5001531798

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00

00

00

00

00

00

00

00

00

00

2000-2006

2007-13

mln. z

Planowana warto inwestycji realizowanych w ramach Programw Infrastrukturalnych w latach 2000-2014

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Lp.Nazwa projektu / zakres inwestycjiNr projektuDugo linii (km) lub obiekty inynieryjne (szt/m)Cakowita warto projektu (mln EUR)Suma wydatkw w latach 2007-2015Wydatki w poszczeglnych latach

2006200720082009201020112012201320142015

12345678910111213141516

3. Przebudowa linii kolejowych w ramach funduszy okresu 2007-2013 w mln EUR

3.A. Lista przedsiwzi priorytetowych

3.1.1Modernizacja linii E 65/C-E 65 odcinek Warszawa - Gdynia, III Etap202 km797.000797.0000.0000.00015.000145.000244.000224.000139.00030.0000.0000.000

3.1.2Modernizacja linii E 65/C-E 65 odcinek Katowice - Czechowice Dziedzice - Zebrzydowice74 km308.000308.0000.0000.0000.00018.87934.19234.19272.74792.22755.7630.000

3.1.3Modernizacja linii E 65/C-E 65 odcinka Czechowice Dziedzice - Bielsko Biaa - Zwardo69 km280.000280.0000.0000.0000.00029.25935.33244.45068.38456.98745.5890.000

3.2.1Modernizacja linii E59 Wrocaw-Pozna-Szczecin -winoujcie II etap: odcinek Rawicz-Pozna102 km370.000370.0000.0000.0000.00020.00090.000109.000111.00040.0000.0000.000

3.2.2Modernizacja linii E59 Wrocaw-Pozna-Szczecin -winoujcie II etap: odcinek Pozna - Krzy84 km350.000350.0000.0000.0004.55930.00065.44190.00090.00070.0000.0000.000

3.2.3Modernizacja linii E59 Wrocaw-Pozna-Szczecin -winoujcie II etap: odcinek Krzy - Szczecin80 km530.000530.0000.0000.00040.43465.40171.738112.38489.58989.58960.8650.000

3.3.1Modernizacja linii E20/CE20 Rzepin - Pozna - Warszawa - Siedlce - Terespol - Gr.Pastwa z Biaorusi, odcinek Warszawa -Pozna - pozostae roboty305 km520.000520.0000.0000.0004.55965.441104.411113.973101.61690.00040.0000.000

3.3.2Modernizacja linii E20/CE20 Rzepin - Pozna - Warszawa - Siedlce - Terespol - Gr.Pastwa z Biaorusi, odcinek owicz- Skierniewice22 km140.000140.0000.0000.00010.00030.00040.00037.20522.7950.0000.0000.000

3.3.4Modernizacja linii E20/CE20 Rzepin - Pozna - Warszawa - Siedlce - Terespol - Gr.Pastwa z Biaorusi - wdroenie ERTMS na odcinku granica pastwa - Rzepin6.9006.9000.0000.0000.0000.0000.0000.0003.0003.9000.0000.000

3.4.1Modernizacja linii E30/CE30 Zgorzelec/Bielawa Dolna-Wrocaw-Katowice-Krakw-Przemyl-Medyka, odcinek Opole- Kdzierzyn Kole- Gliwice - Zabrze88 km408.400408.4000.0000.0000.00060.000120.400128.000100.0000.0000.0000.000

3.4.2Modernizacja linii E30/CE30 Zgorzelec/Bielawa Dolna-Wrocaw-Katowice-Krakw-Przemyl-Medyka II etap: odcinek Bielawa Dolna - Horka: budowa mostu przez Nys uyck oraz elektryfikacja8 km linii, 1 szt/103 m37.00037.0000.0000.0000.00015.00022.0000.0000.0000.0000.0000.000

3.4.3Modernizacja linii E30/CE30 Zgorzelec/Bielawa Dolna-Wrocaw-Katowice-Krakw-Przemyl-Medyka II etap: pilotaowe wdroenie ERTMS w Polsce - na odcinku Legnica - Wgliniec - Bielawa Dolna54 km40.00040.0000.0000.0004.55918.00017.4410.0000.0000.0000.0000.000

3.4.4Modernizacja linii E30/CE30 Zgorzelec/Bielawa Dolna-Wrocaw-Katowice-Krakw-Przemyl-Medyka II etap - wdroenie ERTMS na odcinku granica Legnica - Wrocaw - Opole52.20052.2000.0000.0000.0000.0000.0000.00010.00025.00017.2000.000

3.5.1Modernizacja linii CE 59 Wrocaw - Zielona Gra - Rzepin - Szczecin I etap (linia dedykowana dla ruchu towarowego)350 km170.000170.0000.0000.0000.0000.00040.00070.00060.0000.0000.0000.000

3.6.1Modernizacja linii Warszawa-d, II etap67 km260.000260.0000.0000.0000.0000.00010.00060.00070.00060.00060.0000.000

3.7.1Modernizacja pocze kolejowych Psary - Kozw - Krakw93 km380.000380.0000.0000.0000.00010.00095.000105.00080.00075.00015.0000.000

3.8.1Modernizacja linii nr 8 budowa cznicy do lotniska Okcie2 km49.00049.0000.00024.48624.5140.0000.0000.0000.0000.0000.0000.000

3.8.2Modernizacja linii nr 8, odcinek Warszawa Okcie - Radom - Kielce179 km681.000681.0000.0000.00074.66382.06198.017132.209132.209125.37036.4720.000

3.10.1Modernizacja linii E75 Warszawa-Biaystok-granica z Litw I etap, odcinek Warszawa Rembertw - Zielonka - Tuszcz32 km135.000135.0000.0000.0000.00015.00040.00040.00040.0000.0000.0000.000

3.13.1Dojazd do lotnisk odcinek Krakw - Mydlniki - Balice30.00030.0000.0000.0000.0000.0000.0000.0008.00012.00010.0000.000

3.13.2Dojazd do lotnisk odcinek Katowice - Pyzowice30.00030.0000.0000.0000.0000.0000.0000.0006.00016.0008.0000.000

4.1.Przygotowanie budowy linii duych prdkoci80.00080.0000.0000.0008.00013.00013.00013.00013.00013.0007.0000.000

4.2.Pomoc techniczna: przygotowanie projektw kolejowych oraz wsparcie restrukturyzacji PKP, w tym:300.000300.0000.0003.00020.00060.00070.00060.00050.00020.00017.0000.000

Wrocaw - Rawicz - etap II390.000390.000266230911

6,344.5006,344.5000.00029.486272.288907.0401,301.9711,374.4131,267.340819.074372.8880.000

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*MAP OF RAILWAY LINESaccording to indicative list of big projects forOperational Programme Infrastructure and Environment

*EURO 2012 Championship in Poland

*Investment plans PKP Polskie Linie Kolejowe S.A. concerning Euro 2012 organizationModernization will include all together 1200 km of railway lines.

Trains speed on the level of 160 km/h with journey comfort on the sections Warsaw Gdynia - modernization 349 km of line

Warsaw Pozna - modernization 123 km of line

Pozna Wrocaw - modernization 162 km of line

Wrocaw Krakw - modernization 203 km of line

Psary Krakw - modernization 48 km of line

Warsaw Kielce - modernization 177 km of line

Warsaw d - modernization 129 km of line

*Reconstruction of Warsaw Gdaska station with connection to platforms and underground passage linking the underground station Dworzec Gdaski with PKP Warsaw Gdaska station and to oliborz district.Modernization of railway lines no. 19, 507 and 509 with the adjustment to passenger traffic. Performance of direct connections f.ex. Bonie Warsaw Gdaska Legionowo or Grodzisk Mazowiecki Warsaw Gdaska Legionowo.Reconstruction of passenger stop Warsaw Stadion link with planned underground station. Creation of comfortable transfer junction near National Stadium.Modernization of the Cross City Line tracks and stations: Warsaw East, Central and West as well as passenger stops: Stadion, Powile and Ochota. Modernization of the Warsaw Railway Node

*Modernization of the Warsaw Railway NodeModernization of the Cross City LineReconstruction Warsaw Gdaska stationModernization of lines no 19, 507 and 509 with adjustment to passanger trafficReconstructionof passanger stop Warsaw Stadion connection with underground station

*Modernization Warsaw d railway line stage II, sections: Warsaw West Skierniewice and d Widzew d FabrycznaModernization of the railway line Warsaw d, stage I on the section Skierniewice d Widzew is being performed within Sectoral Operational Program Transport for 2004 2006 within design and built system.

Value 932 257 000 PLNStage I fulfilment period for 2006 - 2008Lenght of modernized section - 62,8 km

Stage II fulfilment period for 2009 - 2012Lenght of modernized section around 65,0 km

*Modernization WARSZAWA - D railway linestage I, section: Skierniewice - d WidzewThe following task are being modernized: stations: Skierniewice, Pywia, Rogw, passanger stops, track with adjustment of the distanse between running lines to 4.0 m, traction substations, railway crossing, bridges, footbridge viaducts, ducts, underground passage for pedestrians in Rogw.Heater for turnoutsNew track no. 1 on the section d Widzew - Gakwek

*Modernization of E30 railway linesection: Legnica Wgliniec Objects after their reconstruction

BolesawiecPeriod of fulfillment: 2000 2010Total value of the project: 194804259 Financing: ISPA/FS, state budget, PKP PLK S.A. own financial means

*E30 railway line modernizationsections: Wgliniec- Zgorzelec/state border and Wgliniec Bielawa Dolna/state borderBridge over Bielawka river, section Wgliniec Piesk, in 10,330 km (adapted to animal migration) UOZ-1 system for animal deterring will be applied within Natura 2000 areas

The system reduces to minimum level the loss of animal population caused by quickly approaching trains allowing the animals to move more freely.

*Reconstruction and modernization of E30 and C-E30 railway lines section: Opole Wrocaw Legnica31 contracts have been executed on this section.95.5 km of railway line have been modernized, including 6 stations and 7 passenger stops

passenger stop Dbrowa Niemodlika acoustic screens

passenger stop Przedmocie Swite after its renovation

PKP POLSKIE LINIE KOLEJOWE S.A.Planned system of HS lines in Poland with the surrounding conventional lines (forecast foryear 2030)

www.plk-sa.plTHANK YOU FOR YOUR ATTENTION

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