Conditional registration of E series shares with KDPW

The Management Board of PGE Polska Grupa Energetyczna Spółka Akcyjna („Company”) informs about the statement of the Krajowy Depozyt Papierów Wartościowych S.A. („KDPW") dated 31 May 2022 („Statement") regarding the conclusion of an agreement with the Company on the registration in the depository of securities of 373.952.165 (in words: three hundred and seventy-three million nine hundred and fifty-two thousand one hundred and sixty-five) E series shares with a nominal value of PLN 8.55 (in words: eight zloty 85/100) each („E Series Shares") under ISIN PLPGER000010 code, on the condition of introduction to trading on a regulated market to which other shares of the Issuer bearing the aforementioned ISIN code have been introduced.

Registration of Series E Shares in the depository of securities will take place in connection with closing of accounts conducted for transferable rights to shares marked with the PLPGER000085 code, within 3 days from receiving by KDPW of the decision on introduction of the aforementioned shares to trading on the regulated market to which other shares of the Issuer marked with the aforementioned ISIN code were introduced, not earlier, however, than on the date indicated in this decision as the date of introduction of these shares to trading on this regulated market

Disclaimer: this current report and the information contained herein is restricted and is not intended for publication, announcement, distribution or transmission, directly or indirectly, in whole or in any part, in the territory of the United States of America, Australia, Canada, Japan or any other countries where such publication, announcement, distribution or transmission would be unlawful.

This report is published for the purpose of fulfilling information obligations of PGE Polska Grupa Energetyczna S.A. as an issuer of securities admitted to trading on a regulated market, and does not constitute securities offering in any jurisdiction.

Please read legal disclaimers at the end of this current report.

Legal disclaimers:

This current report has been prepared in accordance with the requirements of Article 17(1) of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Article 56(1)(2) of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies ("Public Offering Act").

This current report is of an informative nature only, it constitutes the fulfilment of information obligations of PGE Polska Grupa Energetyczna S.A. as a public company whose shares are admitted and introduced to trading on the regulated market run by the Warsaw Stock Exchange S.A and (i) is not made available for the purpose of promoting, directly or indirectly, the acquisition of securities of PGE Polska Grupa Energetyczna S.A. with its registered office in Warsaw or of encouraging, directly or indirectly, to purchase or subscribe for such securities and (ii) does not constitute an advertisement or promotional material prepared or published by the Company for the purpose of promoting the securities of PGE Polska Grupa Energetyczna S.A., their subscription, purchase or offering, or to encourage investors, directly or indirectly, to purchase or subscribe for such securities.

This current report is not an advertisement within the meaning of Article 22 of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market and repealing Directive 2003/71/EC.

This current report and the information contained herein is not intended for publication, announcement or dissemination, directly or indirectly, in or into the United States, or in other countries where public dissemination of the information contained herein may be restricted or prohibited by law. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States except for transactions not being subject to registration obligation under the U.S. Securities Act or pursuant to an exemption from such registration obligation.

Legal basis: § 17 sec. 1 point. 1 the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information to be published by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws 2018, item 757).