Auditor

On September 3, 2024, the Supervisory Board of PGE appointed KPMG Audyt Spółka z ograniczona odpowiedzialnością sp. k. (later "KPMG Audyt Sp. z o.o. sp. k.””) as an entity entitled to audit financial statements, with which on February 24, 2025 PGE signed the agreement for audit of financial statements. The scope of the agreement includes audit of stand-alone financial statements and consolidated financial statements of the PGE Capital Group for periods ended December 31 in years 2025-2027 and review of interim condensed stand-alone financial statements and consolidated financial statements of the PGE Capital Group for periods ended June 30, 2025, June 30, 2026 and June 30, 2027.

The Supervisory Board has taken its decision concerning selection of the entity entitled to audit financial statements, in accordance with binding regulations and professional standards.

KPMG Audyt Sp. z o.o. sp. k. is entered in the register of entities authorised to audit financial statements under number 3546.

When selecting an auditor, the Audit Committee acts on the basis of "Policy and Procedure for selecting an audit company to perform the audit" and "Policy for the audit company, related parties to that auditing company, and a member of the audit company's network to provide authorized non-audit services". Procedure for selecting an audit company implements the regulations contained inter alia in the Statutory Auditors Act, the Accounting Act, the Regulation No. 537/2014  of the European Parliament and of the Council and takes into consideration the ministerial guidelines concerning the rules and procedures for the selection of statutory auditors.

The first audit engagement will be with an audit firm for a period of not less than 2 years, renewable for successive periods of at least 2 years. The maximum duration of uninterrupted audit engagements with the same audit firm or an audit firm affiliated with that audit firm or any Member of a network operating in countries of the European Union to which those audit firms belong will not exceed 10 years, with the proviso that the key Auditor may not audit for more than 5 years and that the key Auditor may re-perform an audit after a period of at least 3 years has elapsed since the completion of the last audit.