The fulfillment of the condition precedent of a conditional agreement for acquisition of wind farms with a total capacity of 84.2 MW

With regard to the current report no. 14/2022 dated April 1, 2022, the Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) discloses that PGE has been notified that it has obtained the consent of the Office of Competition and Consumer Protection for the acquisition by PGE Energia Odnawialna S.A. (subsidiary of PGE) of 100% of the shares of Collfield Investments sp. z.o.o., a company holding of 100% of the shares in three SPVs operating three wind farms with a total capacity of 84.2 MW (the “Transaction”). The condition precedent to the Transaction was to obtain consent of the Office of Competition and Consumer Protection.

Pursuant to the provisions of the conditional sale agreement, the closing of the Transaction is to take place within five business days of receiving information about the fulfillment of the condition precedent, unless both parties agree otherwise.

The Transaction is part of the implementation of the PGE Group's Strategy to 2030, announced on October 19, 2020, which assumes, inter alia, over 1 GW of new capacity in onshore wind farms by 2030, including through acquisitions.