Termination of the agreement for the sale of shares of ENERGA S.A. between PGE and State Treasury

The Management Board of PGE Polska Grupa Energetyczna S.A. ("PGE") discloses that due to validation of the judgement of the Regional Court in Warsaw – the Court of Competition and Consumer Protection, dated 14 May 2012, on which PGE informed in current report no. 17/2012, the decision of the President of the Office of Competition and Consumer Protection of 13 January 2011, prohibiting the execution of the concentration involving the taking control over Energa S.A. by PGE Polska Grupa Energetyczna S.A., became final and binding.

In connection with the above, the agreement between the State Treasury and PGE regarding purchase of shares of Energa S.A., dated September 29, 2010, has terminated owing to circumstances beyond the parties control effective as at 12 June 2012.

Legal ground: § 5 section 1 p. 5 and § 11 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).