Energa S.A.

Capital/Financing Update • Feb 19, 2025

Current report No. 10/2025

Date: 19 February 2025

Subject: Signing a loan agreement with Bank Gospodarstwa Krajowegowithin the National Recovery and Resilience Plan

Legal basis: Article 17 (1) of MAR - inside information

The Management Board of Energa SA ("Issuer") informs that on 19 February2025, the Issuer's subsidiary Energa-Operator SA ("Company") signed withBank Gospodarstwa Krajowego ("BGK") a loan agreement for funds from theNational Recovery and Resilience Plan as part of Investment G3.1.4Support for the national energy system (Energy Support Fund) undercomponent G ("Agreement") for the development of smart power grids bythe Company in the years 2022-2036, supporting the energy transformationof Poland ("Project").

The object of the Agreement is for the Company to incur a long-termliability up to the amount of PLN 7,661,757,198.22 ("Loan") in order torefinance qualified expenditures incurred by the Company for theimplementation of the Project. According to the terms of the Agreement,the amount of the Loan may be increased, which requires the conclusionof an appropriate annex to the Agreement.

The funds disbursed under the Agreement will bear fixed interest rate of0.5% per annum. The Company is obliged to repay the Loan within 300months from the date of signing the Agreement. The first disbursementunder the Agreement will be made after fulfilment of the conditionsprecedent specified in the Agreement, standard for bank financing.

At the same time, the Issuer informs that on 19 February 2025 it signeda surety agreement with BGK for the Company's obligations resulting fromthe Agreement.