Assimilation of series C and D with series A and B shares of PGE Polska Grupa Energetyczna S.A.

The Management Board of PGE Polska Grupa Energetyczna S.A. (the “Company”), in connection with the current report no 64/2010 dated October 11, 2010, informs that on October 12, 2010, the Management Board of Krajowy Depozyt Papierów Wartościowych (National Depository for Securities, “KDPW”) adopted a resolution no 630/10, pursuant to which it decided to assimilate 139,693,727 ordinary bearer shares of the Company, registered under ISIN code PLPGER000044 (series C and D shares), with 1,730,090,000 ordinary bearer shares of the Company, registered under ISIN code PLPGER000010 (series A and B shares), which are in the stock exchange trading.The assimilated shares obtain ISIN code PLPGER000010. The Management Board of KDPW stated that 1,869,783,727 ordinary bearer shares of the Company will be registered under ISIN code PLPGER000010 as of October 18, 2010.As a result of above-mentioned resolution of the Management Board of KDPW, the condition precedent for introduction of series C and D to trading on October 18, 2010, indicated in resolution of the Warsaw Stock Exchange Management Board no 1020/2010 dated October 11, 2010 (see the above-mentioned current report), was fulfilled.Legal ground: § 34 section 1 point 4 of the Regulation of the Minister of Finance dated 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 2009, No. 33, item 259, as amended).