Closing of the acquisition of wind farms with a total capacity of 84.2 MW

37/2022

21.06.2022 13:20

Art. 17 sect. 1 of MAR – inside information.

Contents of the report

With regard to the current reports no. 14/2022 dated April 1, 2022 and no. 36/2022 dated June 10, 2022, the Management Board of PGE Polska Grupa Energetyczna S.A. ("PGE") discloses that on June 21, 2022 the closing of the transaction with respect to the acquisition by PGE Energia Odnawialna S.A. (a subsidiary of PGE) of 100% of the shares of Collfield Investments sp. z. o.o., a company itself holding 100% of the shares in three special purpose vehicles owning three wind farms with a total capacity of 84.2 MW (the "Transaction") took place. The Transaction value amounts to approximately PLN 939 million as at the Transaction's closing date based on certain mechanisms set out in the agreement. The Transaction value also includes cash in amount of approximately PLN 180 million in the accounts of Collfield and its subsidiaries.

The transaction is part of the implementation of PGE’s strategy until 2030, announced on 19 October 2020, which provides, inter alia, over 1 GW of new capacity in onshore wind farms by 2030, including through acquisitions.

Signatures of persons representing the company

Date Name Position and function
2022-06-21 Lechosław Rojewski Vice-President of the Management Board
2022-06-21 Paweł Cioch Vice-President of the Management Board