Signing of annexes to the loan agreements with Bank Gospodarstwa Krajowego within National Recovery and Resilience Plan

35/2025

02.10.2025 12:38

Art. 17 ust. 1 Rozporządzenia MAR – informacje poufne

Contents of the report

With reference to the current report no. 13/2025 of March 31, 2025 the Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”, the “Company”) discloses that on October 2, 2025 the Company and Bank Gospodarstwa Krajowego have signed annexes to two loan agreements (the “Loan Agreements”) for funds from National Recovery and Resilience Plan (the “NRRP”) which increase value of the Loan Agreements by total amount of approx. PLN 1.12 bn (increased total loans amount: approx. PLN 13.2 bn), including respectively:

– approx. PLN 884 million for financing of projects pursued by PGE Dystrybucja S.A. (increased loan amount: approx. PLN 10 405 million), and

– approx. PLN 238 million for financing of projects pursued by PGE Energetyka Kolejowa S.A. (increased loan amount: approx. PLN 2 804 million).

Other conditions of the Loan Agreements remain unchanged, including fixed interest rate of 0.5% per annum and the repayment in semi-annual instalments in the period 2034-2049 (the final maturity date is December 20, 2049).

The Company reminds that the funds from the Loan Agreements are used solely for financing of eligible expenditures within the meaning of the Loan Agreements in their availability period incurred by subsidiaries of PGE related to implementation of the following projects:

- PGE Dystrybucja S.A.: improving the capacity to integrate renewable energy sources and improving the security of electricity supplies through construction and modernisation of the electricity grid,

- PGE Energetyka Kolejowa S.A.: strengthening of security, improving the energy quality and improving the capacity to connect larger number of RES to the distribution grid feeding the Polish railways and the accompanying ecosystem.

The use of funds from Loan Agreements will support the pursue of strategic aspirations in energy distribution area determined in PGE Group 2035 Strategy which assumes cumulative capital expenditures amounting to PLN 75 billion for projects of PGE Dystrybucja S.A. and PGE Energetyka Kolejowa S.A.

Releasing of funds under the increased amount of the Loan Agreements requires an increase of the amount of the intra-group loan agreements concluded by PGE with its subsidiaries i.e. PGE Dystrybucja S.A. and PGE Energetyka Kolejowa S.A. respectively.

Signatures of persons representing the company

Date Name Position and function
2025-10-02 Przemysław Jastrzębski Vice-President of the Management Board
2025-10-02 Maciej Górski Vice-President of the Management Board