Energa S.A.

Report Publication Announcement • May 31, 2021

Current Report No. 21/2021

Date: 31 May 2021

Subject: Adoption of the Strategic Development Plan of the Energa Groupfor 2021-2030

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

The Management Board of Energa SA ("Company") hereby announces that on31 May 2021 the Company's Supervisory Board adopted a resolution toapprove the "Strategic Development Plan of the Energa Group for2021-2030" ("Strategic Development Plan").

The Strategic Development Plan replaces the "Strategy of the ENERGAGroup for 2016-2025", setting the framework for the operation anddevelopment of the Energa Group until 2030, in line with the "ORLENCapital Group strategy by 2030" announced by PKN ORLEN S.A., theCompany's strategic shareholder.

The Strategic Development Plan describes the contribution of the EnergaGroup to the implementation of the above-mentioned Strategy of the ORLENCapital Group. Furthermore, it takes into account the implementation ofthe most important initiatives related to the integration of both groupsand key trends affecting the shape and functioning of the domesticenergy market.

The main strategic goals of the Energa Group for 2021-2030:

a) in the area of distribution: building and implementation of along-term development plan for the HV, MV, LV grids and improving thequality of customer service,

b) in the area of generation: development of new RES capacities -photovoltaic, offshore wind farms, and in the case of easing theregulations, also onshore wind farms. In the area of system powerplants, the strategic goal is to participate in the implementation ofnew capacities in gas installations and the modernization ofcogeneration installations,

c) in the area of sales: carrying out an in-depth digitization programand cost reduction.

Within the Strategic Development Plan, the Energa Group plans to achieve:

• approx. 1.1 GWe of installed capacity in onshore renewable energysources and participation in offshore wind farm projects with a capacityof approx. 1.3 GWe,

• participation in the implementation of investments in gasinstallations (CCGT) with a capacity of approx. 1.3 GWe,

• reduction of CO2/MWh emissions by 33% in comparison to 2019,

• increasing the share of remote reading meters (AMI) installed atcustomers to 100% in 2026.

It is planned that the realisation of the above-mentioned StrategicDevelopment Plan's goals will translate into an increase in theconsolidated EBITDA result (operating profit before amortization andimpairment of non-financial non-current assets) in 2030 by over 60%compared to 2020.

The Strategic Development Plan's forecast document, which reflects thecurrent assumptions regarding investments in the Energa Group, is the"Long-Term Strategic Investments Plan of the Energa Group for 2021-2030"("Investment Plan"). It was approved by the Supervisory Board of EnergaSA on April 27 this year, about which the Company informed in thecurrent report No. 10/2021 of 27 April 2021. According to the InvestmentPlan, the total investment outlays of the Energa Group in 2021-2030 areto amount to approx. PLN 29.7 billion.