Letter of intent related to Opole Power Plant

The Management Board of Polska Grupa Energetyczna S.A. (“PGE”), discloses that on June 27, 2013 PGE together with Kompania Węglowa S.A., bearing in mind possibility of re-launching of the investment project of building two units of 900 MW installed capacity each at Opole Power Plant, concluded a letter of intent which stipulates mutual obligation to analyze economical and legal aspects of a long term agreement on hard coal supplies for Opole Power Plant by Kompania Węglowa S.A., primarily including units within investment project (after construction) and potential engagement of Kompania Weglowa S.A. in the Opole Project II, in particular capital engagement.

Companies assume that their cooperation shall result in establishing a model assuring construction of units within investment project and securing off-take of hard coal from Kompania Weglowa S.A.

Legal ground: Art. 56 section 1 point 1 of the Act on public offering, conditions governing the introduction of financial instruments to organised trading, and public companies (Dziennik Ustaw of 2009, no 185 item 1439).