Energa S.A.

Regulatory Filings • Jan 19, 2024

Current Report No. 1/2024

Date: 19 January 2024

Subject: Information on the necessity to create a provision forelectricity sale agreements for the G tariff groups not covered by thePresident of ERO tariff

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

Management Board of Energa SA ("Issuer") informs that on 19 January 2024it received the information from the subsidiary Energa Obrót SA("Company") on the necessity to create a provision for the electricitysale agreements for the G tariff groups not covered by the President ofEnergy Regulatory Office tariff ("Customers"), which results from theentry into force of the Act of 7 December 2023 amending acts to supportconsumers of electricity, gas fuels and heat (_quot;Act_quot;). The main goal ofthe Act is to limit the impact of increases in electricity, gas and heatprices on the most sensitive recipients of these products in the firsthalf of 2024.

The Company evaluated the impact of the Act and identified a potentialloss due to the performance of contracts with Customers in the firsthalf of 2024, which as at 19 January 2024 is estimated at PLN 252.1million, and results in the creation of a provision in the financialstatements for 2023. The above event will translate directly into adecrease by the above-mentioned amount in the consolidated EBITDA(operating profit before amortization and impairment of non-financialnon-current assets) of the Issuer's Capital Group. From the perspectiveof 2023, the above event is of a non-cash nature.

The Issuer stipulates that the amount of the provision will be auditedby the auditor and may be subject to change, and its final amount willbe included in the consolidated financial statements of the Energa Groupfor 2023.