Subsidiary of PGE Dystrybucja S.A. filed a statement of initiation of the recovery proceeding

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) discloses that on July 9, 2012 PPH EKTO Sp. z o.o. with its registered office in Białystok (the „Subsidiary”) filed a statement of initiation of the recovery proceeding with the District Court in Białystok - Commercial Court, 8th Commercial Division.

The Subsidiary is PGE's dependent entity under the accounting regulations obeyed by PGE, and is consolidated in the PGE's financial statements. The sole shareholder of the Subsidiary is PGE Dystrybucja S.A., which is a subsidiary of PGE. As at March 31, 2012 the balance sheet total of the Subsidiary amounted to approximately PLN 12.1 million.

Legal ground: § 5 section 1 p. 24 and § 30 p. 10 of the Regulation of the Polish Minister of Finance of February 19, 2009 on current and periodic information published by issuers of securities and on conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state. (Dziennik Ustaw of 2009 No. 33, item 259 as amended).