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The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE) informs that on July 16, 2010 signed an agreement with labor unions of power plants and heat distribution companies. Thereby Social Partners representing the employees of these companies have accepted the Consolidation Program presented by the PGE Management Board.

40/2010

16.07.2010 12:02

Art. 56 section 1 p. 1 of Act on Public Offering – confidential information

Contents of the report

The agreement guarantees already vested rights and other compensations without changes in their objective or subjective scope.

On June 9, 2010 similar agreement was signed with miners' trade unions and on June 21-22, 2010 with trade unions of distribution and retail companies.In the course of the Consolidation Program, consultation process with employees’ representatives in all PGE Group business lines is taking place in order to reach an agreement in labor-related issues.

Legal ground: Art. 56 section 1 point 1 of the Act on public offering, conditions governing the introduction of financial instruments to organised trading, and public companies (Dziennik Ustaw 2009, no 185 item 1439).

Signatures of persons representing the company

Date Name Position and function
2010-07-16 14:02:17 Tomasz Zadroga President of the Management Board