Dismissal and appointment of the Supervisory Board members

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”, “Company”) discloses that on March 1, 2016 the Extraordinary General Meeting of the Company adopted resolutions on:

- dismissal of Mr. Jacek Barylski from the Supervisory Board,

- dismissal of Ms. Małgorzata Molas from the Supervisory Board,

- dismissal of Mr. Jarosław Gołębiewski from the Supervisory Board,

- dismissal of Mr. Jacek Fotek from the Supervisory Board,

- dismissal of Mr. Marek Ściążko from the Supervisory Board,

- appointment of Ms. Janina Goss to the Supervisory Board,

- appointment of Mr. Mieczysław Sawaryn to the Supervisory Board,

- appointment of Mr. Mateusz Gramza to the Supervisory Board,

- appointment of Mr. Grzegorz Kuczyński to the Supervisory Board,

- appointment of Mr. Jarosław Głowacki to the Supervisory Board,

- appointment of Mr. Artur Składanek to the Supervisory Board.

Ms. Janina Goss is a graduate of Law Faculty at the University of Łódź. A legal counsel.

Since 2012 Ms. Janina Goss has held a position of Management Board member in Srebrna Sp. z o.o. In years 2009-2010 she was a Supervisory Board member in Polskie Radio S.A. In years 2006-2009 she was a Supervisory Board member in TVP S.A., including approx. 2 years at the position of the Chairman of the Supervisory Board. In years 1990-2003 Member of the Local Government Appeal Council in Łódź, in years 1991-2003 she was employed as legal counsel in Provincial Inspectorate of Environmental Protection in Łódź.

Ms. Janina Goss has stated that her activities outside PGE are not competitive in relation to activities of the Company and that she is not participating in a competitive company as a partner in a partnership, in a civil partnership or as a member of body of a capital association, and she is not participating in other competitive legal person as a member of its body.

Ms. Janina Goss has also stated that she is not registered in Register of Insolvent Debtors, being kept on the ground of Act on National Court Register dated August 20, 1997 (Dziennik Ustaw of 2007 No. 168, item 1186 as amended).

Mr. Mieczysław Sawaryn is a graduate of history and a graduate of law studies, having finished legal practice in Bar Association of Szczecin. Since 2014 he has been the Mayor of Town and Community Gryfino. In years 2011-2014 and 1999-2007 he run his own Legal Office. In years 2006-2011 Mr. Mieczysław Sawaryn was employed in ZEDO S.A., at first as the CEO and then as the Director of Human Resources and Law, being responsible for consolidation of ZEDO S.A. within PGE Capital Group.

In years 1998-2014 Mr. Mieczysław Sawaryn was a Councillor of the Gryfino Town Council, in years 2006-20014 being the President of the Council. In years 2006-2007 Mr. Mieczysław Sawaryn served as as a Board Member of ZEDO S.A. in Nowe Czarnowo. In years 2002-2004 he was a Member of the Regional Bar Council in Szczecin at the Bar Association of Szczecin, in years 1998-1999 Management Board Member of Gryfino Commune and in years 1996-1998 a Member of the Supervisory Board of a heating company Przedsiębiorstwo Energetyki Cieplnej sp. z .o.o in Gryfino. Member of the Supervisory Board of Regional Hospital in Gryfino in years 2012-2014.

Mr. Mieczysław Sawaryn has stated that his activities outside PGE are not competitive in relation to activities of the Company and that he is not participating in a competitive company as a partner in a partnership, in a civil partnership or as a member of body of a capital association, and he is not participating in other competitive legal person as a member of its body.

Mr. Mieczysław Sawaryn has also stated that he is not registered in Register of Insolvent Debtors, being kept on the ground of Act on National Court Register dated August 20, 1997 (Dziennik Ustaw of 2007 No. 168, item 1186 as amended).

Mr. Mateusz Gramza is a graduate of the Faculty of Agriculture of the Wrocław University of Environmental and Life Sciences and the Faculty of Management and Informatics of Wrocław University of Economics.

Ph.D. studies launched in 2013 at the Faculty of Life Sciences and Technology of the Wrocław University of Environmental and Life Sciences.

Since 2005 Managing Director and Board Member of BIOTEK Agriculture Poland, a company operating in the field of chemistry, he holds practical experience in realisation of research of chemical substances used in process of biomass production for the energy needs. Since 2012 President of the Board and co-owner of AgreCo Sp. z o.o., company operating in the field of the agricultural research. He is involved in investments in biogas and biomass power plants.

In 2009-2012 Member of the Supervisory Board of a Municipal Waterworks and Sewage systems in Wrocław. In 2007-2008 Chairman of the Supervisory Board of EnergiaPro Gigawat Sp. z o.o. in Wrocław. In 2006-2008 Vice-chairman of the Supervisory Board of POLMOZBYT Jelcz S.A.

In 2006 he passed the examination of the Ministry of the Treasury for candidates for members of supervisory boards of state-owned companies.

Mr. Mateusz Gramza has stated that his activities outside PGE are not competitive in relation to activities of the Company and that he is not participating in a competitive company as a partner in a partnership, in a civil partnership or as a member of body of a capital association, and he is not participating in other competitive legal person as a member of its body.

Mr. Mateusz Gramza has also stated that he is not registered in Register of Insolvent Debtors, being kept on the ground of Act on National Court Register dated August 20, 1997 (Dziennik Ustaw of 2007 No. 168, item 1186 as amended).

Mr. Grzegorz Kuczyński Ph. D. - a graduate of the Faculty of Law and Administration at the University of Gdańsk. PhD in civil law. Before training as a lawyer he trained as a judge.

Since 2007 a partner of Gotkowicz Kosmus Kuczyński & Partners Law Firm.

He was an assistant professor of the Chair of Civil Law at the Department of Law and Administration of the University of Gdańsk in years 2005-2013 and an assistant in years 1997-2005.

Mr. Grzegorz Kuczyński Ph. D. has stated that his activities outside PGE are not competitive in relation to activities of the Company and that he is not participating in a competitive company as a partner in a partnership, in a civil partnership or as a member of body of a capital association, and he is not participating in other competitive legal person as a member of its body.

Mr. Grzegorz Kuczyński Ph. D. has also stated that he is not registered in Register of Insolvent Debtors, being kept on the ground of Act on National Court Register dated August 20, 1997 (Dziennik Ustaw of 2007 No. 168, item 1186 as amended).

Mr. Jarosław Głowacki holds Master Engineer degree obtained from the Faculty of Power and Aeronautical Engineering at the Warsaw University of Technology. He completed postgraduate Study on Territorial Government and Local Development. He also completed postgraduate studies named Academy for Leaders of Local Government at the University of Warsaw. Furthermore, Mr. Jarosław Głowacki completed postgraduate studies on Public Administration at the Collegium Mazovia – Innovative University in Siedlce.

Since 2005, Mr. Jarosław Głowacki has been Deputy President of Siedlce, responsible for initiating activities, obtaining European funds and realization of projects. Mr. Jarosław Głowacki has experience in evaluation of projects co-funded by the EU. Employed in City Hall of Siedlce since 1990.

Mr. Jarosław Głowacki has stated that his activities outside PGE are not competitive in relation to activities of the Company and that he is not participating in a competitive company as a partner in a partnership, in a civil partnership or as a member of body of a capital association, and he is not participating in other competitive legal person as a member of its body.

Mr. Jarosław Głowacki has also stated that he is not registered in Register of Insolvent Debtors, being kept on the ground of Act on National Court Register dated August 20, 1997 (Dziennik Ustaw of 2007 No. 168, item 1186 as amended).

Mr. Artur Składanek holds Master Engineer degree obtained from Institute of Chemistry at the Warsaw University of Technology in 1983. During years 1983 – 1985 he was taking individual studies at the Faculty of Power and Aeronautical Engineering at the Warsaw University of Technology. In 2008 Mr. Artur Składanek took course and passed the national exam for candidates to supervisory boards of the State Treasury companies.

Since January 2008 Mr. Artur Składanek held a position of Director of Production at Finpol Rohr sp. z o. o., where he started to work in June 2007 as a Production Specialist. During years from 1994 to 2007 Mr. Artur Składanek was running his own business activity - AWI – Przedsiębiorstwo Wielobranżowe.

Mr. Artur Składanek has stated that his activities outside PGE are not competitive in relation to activities of the Company and that he is not participating in a competitive company as a partner in a partnership, in a civil partnership or as a member of body of a capital association, and he is not participating in other competitive legal person as a member of its body.

Mr. Artur Składanek has also stated that he is not registered in Register of Insolvent Debtors, being kept on the ground of Act on National Court Register dated August 20, 1997 (Dziennik Ustaw of 2007 No. 168, item 1186 as amended).

Legal ground: § 5 section 1 p. 22 and § 27 and 28 of the Regulation of the Polish Minister of Finance of 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 2014 item 133).