Signing of a loan agreement with Bank Gospodarstwa Krajowego within National Recovery and Resilience Plan – financing of equity for Baltica 2 offshore wind farm project, disclosure of delayed information

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”), acting pursuant to Article 17(1) and Article 17(4) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of April 16, 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (the “MAR”), hereby discloses to the public inside information the disclosure of which was delayed on January 29, 2025 pursuant to Article 17(4) of the MAR. The inside information the disclosure of which was delayed was signing of a loan agreement with Bank Gospodarstwa Krajowego within National Recovery and Resilience Plan – financing of equity for Baltica 2 offshore wind farm project.

The wording of the delayed inside information

“The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”, the “Company”) discloses that on January 29, 2025 the Company and Bank Gospodarstwa Krajowego (“BGK”) have signed a loan agreement for funds from National Recovery and Resilience Plan (the “NRRP”) under Investment G3.1.5 “Construction of Offshore Wind Farms (Offshore Wind Fund)” (the “Agreement”) on basis of which BGK has granted to the Company a loan up to a limit of PLN 3 900 million (the “Loan”).

The Loan, in accordance with the NRRP regulations, will be allocated for financing or refinancing of eligible costs of Baltica 2 offshore wind farm project through equity contribution to the project.

The Loan will be released for use from the date of fulfillment of the standard conditions precedent for bank financing determined in the Agreement. The final maturity date of the Loan has been set for December 20, 2036.

The interest rate of the Loan will be calculated on the floating interest rate based on the relevant WIBOR 6M rate (reference rate) plus margin.

The Loan will be granted on market terms and will not constitute a public aid.

In addition, the Management Board of PGE informs that the Loan is not secured on any of the assets of PGE or of the PGE capital group.”

The disclosure of the above-mentioned inside information was delayed until the moment of the adoption by the shareholders of Elektrownia Wiatrowa Baltica – 2 sp. z o.o. of the resolution regarding the Final Investment Decision, FID, which was adopted on January 29, 2025 and of which PGE informed in current report No. 5/2025 of January 29, 2025.