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Redemption of own shares


04.09.2010 17:40

Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bieŅĻce i okresowe

Contents of the report

The Management Board of PGE Polska Grupa Energetyczna S.A. („PGE”, „Company”,) informs that on September 3, 2010, according to resolution of the PGE Management Board of September 2, 2010, PGE purchased 22,897 of own shares in order to cancel them pursuant to article 362 § 1 item 5) of Polish Commercial Companies Code („CCC”) for PLN 579,064.79, including 12,593 shares series C and 10,304 shares series D with are togehter called Remaining Minority Shares (according to a definition below), which were issued in connection with registration of the merger of August 31, 2010 between the Company and PGE Energia S.A. and PGE GiE S.A. („Acquired Companies”) pursuant to article 492 § 1 item 1 of the CCC (“Merger”).Remaining Minority Shares are shares of the Companies that will not be given to shareholders of the Acquired Companies due to a merger pursuant to a merger plan (“Merger Plan”) which constitutes Attachment no. 3 of the PGE General Meeting resulution of August 3, 2010 regarding the Merger. Pursuant to the Merger Plan the number of shares given to entitled shareholders of the Acquired Companies shall be round down to the nearest integer. As a result of such operations, there are shares not given to shareholders of the Acquired Companies.Average price of a purchased share amounts to PLN 25.29. Purchased shares have face value of PLN 10 each and constitute ca. 0.001 per cent of the Total Capital and Total Vote in the Company. In total PGE owns 22.897 own shares constituting 22.897 shares in the Company.

Signatures of persons representing the company

Date Name Position and function
2010-09-04 19:40:18 Wojciech Topolnicki Vice-President of the Management Board