Proposal of the Management Board of PGE Polska Grupa Energetyczna S.A. regarding distribution of profit for 2013

The Management Board of PGE Polska Grupa Energetyczna S.A. (the “Company”) discloses that on March 12, 2014 it decided to address the Company’s Annual General Meeting with a motion for approval of proposed distribution of net profit for 2013, proposed dividend date and dividend payment date.

The Management Board of the Company decided to propose a distribution of the net profit for 2013 in amount of PLN 2,337,559,286.34 in following way:

- for a dividend for shareholders - PLN 1.10 per share, i.e. amount of PLN 2,056,736,911.90;

- PLN 237,631,186.48 for the reserve capital,

- PLN 43,191,187.96 for covering the loss from previous years resulting from the merger of the Company with PGE Energia Jądrowa S.A.

The proposed dividend date is September 5, 2014 and the proposed dividend payment date is September 26, 2014.

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).