Approval of information memorandum of PGE Polska Grupa Energetyczna S.A.

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”, the “Company”) announces that on 27 August 2010 the Polish Financial Supervision Authority (the “PFSA”) has confirmed the equivalence, with regard to the form and content, between the information included in the Information Memorandum of PGE (the “Information Memorandum”) and the information required to be included in a prospectus. The Information memorandum was prepared in connection with a public offering of 139,693,727 series C and D shares in the Company for the shareholders of PGE Energia S.A. and PGE Górnictwo i Energetyka S.A. in connection with a merger of PGE (the acquiring company) with the aforementioned companies under Article 492 § 1.1 of the Polish Commercial Companies Code, and admission of series C and D shares in the Company to trading on the Warsaw Stock Exchange.The Company published the Information Memorandum on its website www.pgesa.pl. This document was prepared exclusively in Polish.At the same time, the Management Board of the Company informs that the PFSA confirmed the equivalence, with regard to the form and content, between the information included in the Information Memorandum of PGE Obrót S.A. (a subsidiary of PGE) and the Information Memorandum of PGE PGE Elektrownia Bełchatów S.A. (a subsidiary of PGE) and the information required to be included in a prospectus. The said memoranda have been prepared in connection with: (i) a public offering of 4,148,626 series B, C, D, E, F, G and H bearer shares in PGE Obrót S.A. for the shareholders of PGE Lubelskie Zakłady Energetyczne S.A., PGE Łódzki Zakład Energetyczny S.A., PGE Zamojska Korporacja Energetyczna S.A., PGE Zakład Energetyczny Warszawa-Teren S.A., PGE Zakład Energetyczny Białystok S.A., PGE ZEŁT Obrót Sp. z o.o. and PGE Zakłady Energetyczne Okręgu Radomsko – Kieleckiego S.A.; and (ii) a public offering of 396,438,224 series B, C, D, E, F, G, H, I, J, K and L registered shares in PGE Elektrownia Bełchatów S.A. for the shareholders of PGE Elektrownia Turów S.A., PGE Elektrownia Opole S.A., PGE Kopalnia Węgla Brunatnego Bełchatów S.A., PGE Kopalnia Węgla Brunatnego Turów S.A., PGE Zespół Elektrowni Dolna Odra S.A., PGE Elektrociepłownia Lublin-Wrotków Sp. z o.o., PGE Elektrociepłownia Kielce S.A., PGE Elektrociepłownia Rzeszów S.A., PGE Elektrociepłownia Gorzów S.A., PGE Zespół Elektrociepłowni Bydgoszcz S.A. and Energetyka Boruta Sp. z o.o, respectively. The above described mergers are performed under Article 492 § 1.1 the Polish Commercial Companies Code, and PGE Obrót S.A. and PGE Elektrownia Bełchatów S.A. are the acquiring companies.Legal ground: Art. 56 section 1 point 1 of the Act on public offering, conditions governing the introduction of financial instruments to organised trading, and public companies (Dziennik Ustaw of 2009, no 185 item 1439).