Updated information about non-binding offer for acquisition of Polish assets of CEZ Group, submitted jointly with PGNiG

With reference to the current report no. 34/2020 dated December 11, 2020, the Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”, the “Company”) discloses that today PGE has received a statement of Polskie Górnictwo Naftowe i Gazownictwo S.A. (PGNiG) on withdrawal from participation in acquisition of Polish assets of ČEZ Group and from co-operation with PGE conducted for the purposes of the transaction process.

The Management Board of PGE informs that the Company is still interested in acquiring selected Polish generation assets of ČEZ Group and will analyse possibility of further participation in the sale process.