Information about approval of a settlement at a subsidiary of PGE Energia Odnawialna S.A.

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”, “Company”) informs that on October 19, 2011 the Regional Court in Rzeszów, 5th Commercial Division - Bankruptcy and Reparation Section, issued a decision on approval of a settlement at Mega Sp. z o.o. in consequence of approval of the arrangement proposals by the Meeting of Creditors of Mega Sp. z o.o. The court’s decision will become final after 7 days. The court called Mr Adam Sadecki as a Court Supervisor - the Company informed about that in the current report no 23/2011 dated June 15, 2011.

PGE Energia Odnawialna S.A., a subsidiary of PGE, is a minority shareholder of Mega Sp. z o.o., holding 14.72% of shares, however has a right to appoint and recall the majority of the management board of Mega Sp. z o.o.

Legal ground: § 5 section 1 point 24 and § 30 point 13 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).