This analysts’ consensus estimates has been prepared on of PGE Polska Grupa Energetyczna S.A. based on Bloomberg data and analytical reports received by the Company and is presented for the informational purposes only.

This consensus estimates does not constitute or form part of and should not be constructed as, an offer to sell, or the solicitation or invitation of any offer to buy or subscribe for Company’s securities. PGE Polska Grupa Energetyczna S.A. is not responsible for the consequences of decisions taken based on information contained in this consensus.