Notification from a shareholder about a change of his stake in the total number of votes in PGE Polska Grupa Energetyczna S.A.

The Management Board of PGE Polska Grupa Energetyczna S.A. (the “Company”) announced that on October 12, 2010, it received a notification from the Minister of the State Treasury (Warsaw, ul. Krucza 36/Wspólna 6, 00-522 Warsaw, Poland), representing the State Treasury of the Republic of Poland (the “State Treasury”), pursuant to Art. 69 section 1.2 and 2.2, of the Act dated 29 July 2005, on Public Offerings, the Conditions Governing the Introduction of Financial Instruments to Organised Trading and on Public Companies (Journal of Laws of 2009, No. 185, item 1439), informing about a change in the number of shares held by the State Treasury in the Company, as a result of the disposal, on October 8, 2010, by the State Treasury, of 186,978,000 (one hundred and eighty-six million, nine hundred and seventy-eight thousand) ordinary shares with a nominal value of PLN 10 each, in the Company (the “Sale”), representing 9.99% of the Company’s share capital and entitling to 186,978,000 votes at general meetings of the Company, constituting 9.99% of the total number of votes.According to the notification, prior to the Sale, the State Treasury held 1,482,618,538 ordinary shares with a nominal value of PLN 10 each, in the Company, representing 79.29% of the Company’s share capital and entitling to 1,482,618,538 votes at general meetings of the Company, representing 79.29% of the total number of votes at general meetings of the Company. Following the Sale, the State Treasury holds 1,295,640,538 ordinary shares with a nominal value of PLN 10 each, in the Company, representing 69.29% of the Company’s share capital and entitling to 1,295,640,538 votes at general meetings of the Company, constituting 69.29% of the total number of votes.Legal grounds:Art. 70 section 1 of the Act dated 29 July 2005, on Public Offerings, the Conditions Governing the Introduction of Financial Instruments to Organised Trading and on Public Companies (Journal of Laws of 2009, No. 185 item 1439).