Information on the selection of the entity authorized to audit financial statements

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) discloses that on September 9, 2014, the Supervisory Board of PGE, acting pursuant to § 18 section 1 point 4 of the Company’s Statutes, appointed KPMG Audyt spółka z ograniczoną odpowiedzialnością sp. k. with its registered office in Warsaw, 51 Chłodna St., as an entity entitled to audit financial statements, with which PGE intends to sign the agreement for audit of financial statements. KPMG Audyt spółka z ograniczoną odpowiedzialnością sp. k. is entered into the register of entities authorized to audit financial statements under number 3546. The Supervisory Board made its decision on selection of the entity entitled to audit financial statements, in accordance with binding regulations and professional standards.

The scope of the agreement includes audit of stand-alone financial statements and consolidated financial statements of the capital group for periods ended December 31, 2014-2016 and review of interim condensed stand-alone financial statements and consolidated financial statements of the capital group for periods ended June 30, 2015-2017.

KPMG Audyt sp. z o.o. (a company, which is a working partner of KPMG Audyt spółka z ograniczoną odpowiedzialnością sp. k.) provided its services to PGE with regard to audit of stand-alone financial statements and consolidated financial statements of the capital group for periods ended December 31, 2010-2013, review of interim condensed stand-alone financial statements and consolidated financial statements of the capital group for periods ended June 30, 2011-2014 as well as with regard to review of interim consolidated financial statements for the period from January 1, 2014 to March 31, 2014.

Legal ground: § 5 section 1 point 19 and § 25 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 2014, item 133).