Court registered the redemption of treasury shares and change in share capital value and structure

The Management Board of PGE Polska Grupa Energetyczna S.A. (the „Company”) has received information that on June 23, 2012 the District Court of the City of Warsaw, XII Commercial Division of the National Court Register (the “Register Court”) registered the reduction of Company’s share capital from PLN 18,697,837,270 to PLN 18,697,608,290 i.e. by PLN 228,980, by the redemption of the 22,898 treasury shares with a par value of PLN 10 each (12,594 series C shares and 10,304 series D shares), representing 22,898 votes in the total votes of the Company. The redemption of shares took place with the shareholders’ consent pursuant to resolution no 34 of the Ordinary General Meeting of the Company of May 30, 2012. Due to the fact that the redeemed shares were treasury shares, the redemption took place without any payments made.

After the redemption of shares and registration of change in share capital value and structure, total votes resulting from all issued shares amount to 1,869,760,829 and the share capital of the Company amounts to PLN 18,697,608,290.

After the registration of the share capital reduction, the structure of the share capital is as follows:

- 1,470,576,500 series A bearer shares with a par value of PLN 10 each;

- 259,513,500 series B bearer shares with a par value of PLN 10 each;

- 73,228,888 series C bearer shares with a par value of PLN 10 each;

- 66,441,941 series A bearer shares with a par value of PLN 10 each.

Legal ground: § 5 section 1 point 9 and 12 and § 15 and 18 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).