Proposal of the Management Board of PGE Polska Grupa Energetyczna S.A. regarding distribution of profit for 2011

The Management Board of PGE Polska Grupa Energetyczna S.A. (the “Company”) informs that on March 12, 2012 it decided to address the Company’s Annual General Meeting with a motion for approval of suggested distribution of net profit for 2011, suggested dividend date and dividend payment date.

The Management Board of the Company decided to propose a distribution of the net profit for 2011 in amount of PLN 4,556,115,489.08 in a following way:

1) for a dividend for shareholders - PLN 1.32 per share;

2) for the reserve capital – an amount constituting the remaining amount of the net profit for 2011.

The proposed dividend date is August 22, 2012 and the proposed dividend payment date is September 6, 2012.

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 (tj. Dziennik Ustaw 2009, no 185 item 1439).