Amendment to the half-year report for the first half of 2016

The Management Board of PGE Polska Grupa Energetyczna S.A. (the “Company”) informs about the amendment to the condensed interim consolidated financial statements of the Company for the 6-month period ended June 30, 2016 (the “Consolidated financial statements”), constituting part of the consolidated periodic report for the first half of 2016. As a consequence of the amendment to the Consolidated financial statements, the same amendment was made in the Management Board’s report on activities of the Capital Group of PGE Polska Grupa Energetyczna S.A. for the 6-month period ended June 30, 2016 (the “Management Board’s report”).

The amendment concerns the obvious typographical error in chapter 3.2 The analysis of impairment of the power generating assets of Renewables segment in the Consolidated financial statements. Changes made in the Consolidated financial statements and in the Management Board’s report are presented in the appendix to this current report. Amended half-year report will be published by the Company in a separate report.

The Management Board of the Company informs that the amendments have no impact on consolidated statement of comprehensive income, consolidated statement of financial position, consolidated statement of changes in equity and consolidated statement of cash flows for the first half of 2016.

Legal ground: § 6 section 4 of the Regulation of the Polish Minister of Finance of February 19, 2009 on current and periodic information published by issuers of securities and on conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state. (Dziennik Ustaw of 2014 item 133).