Energa S.A.

Report Publication Announcement • Sep 17, 2019

Current Report No. 28/2019

Date: 17 September 2019

Subject: Agreement for a ESG-linked revolving credit facility

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

The Management Board of ENERGA SA ("the Company") reports that today theCompany has entered into a ESG-linked revolving credit facilityagreement ("the Agreement") with a consortium of the banks: SantanderBank Polska S.A. with registered office in Warsaw (Credit Coordinator,Agent, Agent ESG), Bank Gospodarstwa Krajowego with registered office inWarsaw, Powszechna Kasa Oszczędności Bank Polski SA with registeredoffice in Warsaw, Caixabank SA (Spółka Akcyjna) Oddział w Polsce withregistered office in Warsaw, MUFG Bank (Europe) N.V. with registeredoffice in Amsterdam. The purpose of the Agreement is to grant theCompany a PLN 2 billion ESG-linked revolving credit facility ("theFacility"). The facility is intended, among others, for the developmentof renewable generation capacity and further modernisation of powerlines, and will also be partially used to repay previous debts relatedto these purposes. The Facility has been granted on the condition thatthe funds must be used for purposes not related to coal-fired powergeneration. The Facility has been made available for 5 years startingfrom the signing date, with two possible extensions of 1 year each. Theinterest rate for the Facility has been set on market terms based on theWIBOR rate plus margin. The Company has committed to achieve an ESG(Environmental, Social, Governance) rating, whose level may determinethe margin. The Facility is unsecured.

The Agreement contains conditions precedent that are typical for suchfinancing and have to be satisfied in order to disburse the Facility.

The remaining provisions of the Agreement do not depart from thosecommonly used in agreements of this type.