Initial interest in buying all shares in the company PGE EJ1.

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) notifies that on November 28, 2018 the Management Board of PGE expressed initial interest in purchasing all shares in the company PGE EJ1 sp. z o.o.

PGE EJ1 sp. z o.o. is a company responsible for preparation and realization of investment involving construction and exploitation of Poland’s first nuclear power plant.

PGE aims at operational and costs restructuring of the target company so as the integration of its activities within the PGE Group.

The execution of transaction will be possible after the preparation of valuation by the independent adviser and after obtaining corporate approvals from all concerned parties.

Currently PGE holds 70% of shares in PGE EJ1 sp. z o.o.