Supervisory Board delegates its members to the Management Board

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”, “Company”) discloses that on November 14, 2013 the Supervisory Board has temporarily delegated its members - Mr. Jacek Drozd and Mr. Grzegorz Krystek – to the Management Board of the Company.

Mr. Jacek Drozd has been delegated to temporarily perform the duties of the Member of the Management Board - Vice-President for Financial Affairs from November 21, 2013 till February 21, 2014.

Mr. Grzegorz Krystek has been delegated to temporarily perform the duties of the Member of the Management Board - Vice-President for Strategy and Development from November 18, 2013 till February 18, 2014.

Mr. Jacek Drozd graduated from Maria Curie-Skłodowska University in Lublin (Economics) and postgraduate studies at Wroclaw University of Economics (Accounting). Licensed Stockbroker (licence no. 23). As of 2010 a Vicepresident of the Management Board at Interbud Lublin S.A. For many years he held Od wielu lat zajmuje higher management positions in joint stock companies and financial institutions, among others: Vicepresident of the Management Board - OPF S.A., Branch Director in Bank Gospodarstwa Krajowego in Lublin Branch, Financial Director in Zakłady Azotowe w Puławach S.A., President of the Management Board in Wschodni Bank Cukrownictwa, Regional Office Director in Centralny Dom Maklerski Pekao S.A. Member of the supervisory boards: Lubelskie Przedsiębiorstwo Energetyki Cieplnej (Chairman), Renoma Sp. z o.o., and in past: PGE Dystrybucja S.A., Mewa S.A., Bałtycka baza masowa Sp. z o.o., Navitrans Sp. z o.o., Montex S.A., Bank Depozytowo-Kredytowy Ltd (Łuck/Ukraine), Centralna Tabela Ofert S.A. Mr. Jacek Drozd has performed duties of the member of the Supervisory Board of PGE since June 27, 2013.

Mr. Jacek Drozd has stated that his activities outside PGE are not competitive in relation to activities of the Company and that he is not participating in a competitive company as a partner in a partnership, in a civil partnership or as a member of body of a capital association, and he is not participating in other competitive legal person as a member of its body.

Mr. Jacek Drozd has also stated that he is not registered in Register of Insolvent Debtors, being kept on the ground of Act on National Court Register dated August 20, 1997 (Dziennik Ustaw of 2007 No. 168, item 1186 as amended).

Grzegorz Krystek graduated from the Warsaw University of Technology, Faculty of Electrical Engineering as well as from leading European Universities: London Business School, HEC in Paris, Norwegian School of Economics and Business Administration in Bergen (MBA). Participated in privatization and restructuring projects in the energy sector in Poland and abroad. Cooperated with New York State Electric & Gas Corporation, Westinghouse, Apache Corporation and market regulators in USA. At Arthur Andersen led projects in energy sector. Advised to a number of foreign investors. Advised to the Ministry of State Treasury in privatization processes in the sector. As a Head of Strategy and Energy Department at Elektrim S.A. responsible for financing arrangements and construction of Pątnów II power plant as well as restructuring of the Elektrim Group and energy assets portfolio management. Co-author of the National Emission Reduction Plan in 2003-2004. At Vertis Environmental Finance introduced and developed secondary market for emission allowances in Europe. Expert in the Council of European Energy Regulators (CEER). Consultant to a number of entities from the energy sector in the fields of electricity trading model, restructuring, strategy and common practices in operational management. As of 2004 Vice-President at Hasbrouck Sp. z o.o. Member of the supervisory boards at: ZE PAK S.A., Elektrim Megadex S.A., Elektrim – Volt S.A., EM Yachts Sp. z o.o. Current main place of employment – “Partner” enterprise. Mr. Grzegorz Krystek has performed duties of the member of the Supervisory Board of PGE since March 30, 2010.

Mr. Grzegorz Krystek has stated that his activities outside PGE are not competitive in relation to activities of the Company and that he is not participating in a competitive company as a partner in a partnership, in a civil partnership or as a member of body of a capital association, and he is not participating in other competitive legal person as a member of its body.

Mr. Grzegorz Krystek has also stated that he is not registered in Register of Insolvent Debtors, being kept on the ground of Act on National Court Register dated August 20, 1997 (Dziennik Ustaw of 2007 No. 168, item 1186 as amended).

Legal ground: § 5 section 1 p. 22 and § 28 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).