Obtaining corporate approvals for accepting the proposal of the terms and conditions for the acquisition of 100% of shares in PGE GiEK by the State Treasury

With reference to the current report no. 24/2021 of July 23, 2021 on Agreement regarding co-operation in spin-off of coal assets to National Energy Security Agency (“NABE”) and to the current report no. 24/2023 of July 15, 2023 on receipt of the proposal of the terms and conditions for the acquisition of 100% of shares in PGE Górnictwo i Energetyka Konwencjonalna S.A. by the State Treasury (the “Transaction”), the Management Board of PGE Polska Grupa Energetyczna S.A. (the “Company”, “PGE”) discloses that on August XX, 2023 the Management Board of the Company adopted the resolution on giving consent to sigh document „NABE project – summary of the terms and conditions of the transaction” on terms described in the above mentioned current report no. 24/2023. The Management Board of PGE indicates that the Transaction is in line with the PGE Group’s strategy until 2030 with 2050 perspective which assumes carve-out of coal assets from the PGE Capital Group.

PGE will inform about the further significant stages of the Transaction in separate current reports.