Purchase of own share

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”, the “Company”), in relation to the current report no 58/2010 dated September 4, 2010, informs that on December 7, 2010 it adopted a resolution regarding the amendment of the resolution dated September 2, 2010 concerning the purchase of own shares for redemption. The resolution of September 2, 2010 was adopted in connection with the necessity of purchase of own shares, not taken up by the shareholders of PGE Górnictwo i Energetyka S.A. (PGE GiE) and PGE Energia S.A., which were issued as a result of the merger of August 31, 2010 of PGE with the mentioned companies (merger shares). The initial resolution assumed the purchase of 22,897 own shares (12,593 series C shares and 10,304 series D shares shares) for PLN 579,064.79. As a result of subsequent amendments made to the stockholders' ledgers of PGE GiE S.A. and PGE Energia S.A. the changes were also made in the register of the issue sponsor. After the final records on the shareholders’ accounts of number of due shares, a single share remained, that was not allotted to any of the shareholders as well as not included in the scope of the resolution of the Management Board of the Company dated September 2, 2010. As a result of adoption of the resolution dated December 7, 2010, the Management Board of PGE informs about purchase of the single share for redemption. The share was recorded on the PGE’s account in the register of the issue sponsor on December 15, 2010. In connection with the above, the Management Board of the Company informs that in total PGE owns 22.898 own shares constituting 22.898 votes in the Company. The shares were purchased for PLN 579,090.08 and an average price of a purchased share amounts to PLN 25.29. Purchased shares have nominal value of PLN 10 each and constitute ca. 0.001 per cent of the total capital and total vote in the Company.Legal ground: § 12 in connection with § 5 section 1 point 6 of the Regulation of the Minister of Finance dated February 19, 2009 on current and periodic information published by issuers of securities and on conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state. (Dziennik Ustaw of 2009, No. 33, item 259, as amended).