Signing of a loan agreement with the European Investment Bank

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) discloses that on July 29, 2024 PGE has signed a term loan agreement (the “Agreement”) with the European Investment Bank (“EIB”). The value of the loan agreement amounts to PLN 1 000 000 000 and the loan will be intended for financing of capital expenditures of PGE Energetyka Kolejowa S.A. (PGE’s subsidiary) for the Modernisation of Power Supply Systems implemented in years 2023-2028 which will ensure modernisation of railway network power supply systems throughout Poland.

The loan will be drawn in installments. Each installment may be drawn in PLN or EUR. The final maturity date will be maximum 18 years from the drawing date of the last installment whereby the last installment may be drawn no later than 24 months from the Agreement signing date. The interest rate will be determined before the payment of the each installment. The Agreement does not provide for tangible collaterals. After signing of the Agreement, total nominal value of the financing from the EIB amounts to PLN 6 662 500 000.