The adoption of a resolution of the Management Board related to the execution of the Baltica 2 Project – disclosure of delayed information

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”), acting pursuant to Article 17(1) and Article 17(4) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of April 16, 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (the “MAR”), hereby discloses to the public inside information the disclosure of which was delayed on January 28, 2025 pursuant to Article 17(4) of the MAR. The inside information the disclosure of which was delayed was information about the adoption, on January 28, 2025, of a resolution of the Management Board of PGE related to the execution the Baltica 2 Project.

The wording of the delayed inside information

“The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) informs that, on January 28, 2025, it adopted a resolution regarding cofinancing and securing of the investment undertaking comprising the construction of an offshore wind farm with a planned total capacity of 1 498 MW (the “Baltica 2 Project”) that is being developed by Elektrownia Wiatrowa Baltica – 2 sp. z o.o. (“Baltica 2”) and the conclusion and performance of certain agreements related to the execution of Baltica 2 Project.

The resolution of the Management Board constitutes a key corporate decision in the PGE capital group leading to the adoption by the shareholders of Baltica 2 of a resolution regarding the adoption of the Final Investment Decision (FID) that will commence the stage of construction of the scope of the Baltica 2 Project.

In the resolution, the Management Board has also included a request addressed to the Supervisory Board for it to grant consent to the execution of the investment undertaking comprising the construction of the Baltica 2 Project and for the conclusion of certain agreements related therewith.”

The disclosure of the above-mentioned inside information was delayed until the moment of the adoption by the shareholders of Elektrownia Wiatrowa Baltica – 2 sp. z o.o. of the resolution regarding the Final Investment Decision, FID, which was adopted on January 29, 2025, and of which PGE informed in current report no. 5/2025 of January 29, 2025.