Recognition of a deferred tax asset in PGE GiEK S.A.

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) discloses that in the course of work on the financial statements for the year 2025, PGE Górnictwo i Energetyka Konwencjonalna S.A. (“PGE GiEK” – a subsidiary of PGE) has identified the necessity to recognise a deferred tax asset of approx. PLN 2.0 bn. The recognition of the asset results from the update of financial projections and the possibility of utilizing tax losses, among other things, as part of participation of PGE GiEK in the PGE tax capital group for the years 2026-2028. After consolidation adjustments the creation of this asset will positively impact the consolidated net financial result of the PGE Capital Group by approx. PLN 3.9 bn. Recognition of a deferred tax asset is a non-cash item and its final value will be presented in the periodic report of the PGE Capital Group for 2025, which is subject to audit by the Statutory Auditor.