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

Management Board of PGE Polska Grupa Energetyczna S.A. (the “Company”) announced that on March 1, 2012, it received a notification from the Minister of the State Treasury, representing the State Treasury of the Republic of Poland (the “State Treasury”), pursuant to Art. 69 section 2 p. 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 (Dziennik Ustaw 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 by the State Treasury, on February 29, 2012, of 131,000,000 ordinary shares with a nominal value of PLN 10 each, in the Company (the “Sale”), representing 7.01% of the Company’s share capital and entitling to 131,000,000 votes at general meetings of the Company, constituting 7.01% of the total number of votes.

According to the notification, prior to the Sale, the State Treasury held 1,288,124,546 ordinary shares with a nominal value of PLN 10 each, in the Company, representing 68.89% of the Company’s share capital and entitling to 1,288,124,546 votes at general meeting of the Company, representing 68.89% of the total number of votes at general meeting of the Company. Following the Sale, the State Treasury holds 1,157,124,546 ordinary shares with a nominal value of PLN 10 each, in the Company, representing 61.89% of the Company’s share capital and entitling to 1,157,124,546 votes at general meeting of the Company, constituting 61.89% of the total number of votes.

Legal ground: Art. 70 p. 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 (Dziennik Ustaw of 2009, No. 185 item 1439).