The resolution of PGE’s Management Board on the signing of a preliminary share sale agreement with Edison Holdings S.à r.l. regarding 100% of the shares in PKPE Holding sp. z o.o. – disclosure of delayed information

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”), acting on the grounds of article 17 sections 1 and 4 of regulation No. 596/2014 of the European Parliament and of the Council of April 16, 2014 on market abuse 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 Regulation") discloses to the public the content of inside information the disclosure of which was delayed on December 28, 2022, pursuant to article 17(4) of the MAR Regulation. The inside information, the disclosure of which was delayed, is information about the resolution of the Management Board of PGE adopted on December 28, 2022, on the signing with Edison Holdings S.à r.l. of a preliminary share sale agreement regarding 100% of the shares in PKPE Holding sp. z o.o.

The content of the delayed inside information:

“The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) discloses that on December 28, 2022, the Management Board of PGE adopted a resolution on granting consent to the acquisition by PGE of 100% of the shares in PKPE Holding sp. z o.o. from Edison Holdings S.à r.l., and to signing a preliminary share sale agreement regarding the shares in PKPE Holding sp. z o.o. for the price of approximately PLN 1 913.5 million, determined on the base of the enterprise value as at March 31, 2022, in the amount of approximately PLN 5 944.5 million (the “Transaction”). PKPE Holding Sp. z o.o. is a holding company controlling a number of entities the activities of which are concentrated around PKP Energetyka S.A. (the “PKPE Group”). The PKPE Group is an energy distributor and seller of energy to the traction grid, and additionally provides traction grid maintenance.”

Disclosure of the aforementioned inside information was delayed until the Supervisory Board adopted a resolution granting consent to the signing of an agreement by PGE with Edison Holdings S.à r.l., which took place on December 28, 2022 and was disclosed by PGE in current report no. 59/2022 of December 28, 2022.