Energa S.A.

AGM Information • Mar 27, 2018

Current Report No.: 13/2018

Date of preparation: 27 March 2018

Short name of Issuer: ENERGA SA

Legal basis: Art. 17 section 1 of MAR - confidential information

Subject:The approval by the Management Board of ENERGA SA and by thegeneral meeting of shareholders of Elektrownia Ostrołęka sp. z o.o. forthe conclusion of the public contract awarding procedure under the name"Construction of Ostrołęka Power Plant C with approx. 1,000 MW poweroutput"

Content of report:

In relation to the Current Report No. 11/2018, the Management Board ofENERGA SA ("Issuer") hereby informs that on 27 March 2018 it decided tovote at the general meeting of the company Elektrownia Ostrołęka sp. zo.o. ("Ordering party", "Company") in favour of granting the approvalfor the conclusion of the public contract awarding procedure under thename "Construction of Ostrołęka Power Plant C with approx. 1,000 MWpower output" ("Procedure", "Contract") by selecting the Consortium ofGE Power Sp. z o.o. and Alstom Power System S.A.S as the GeneralContractor, whose bid was to execute the subject matter of the Contractin compliance with the parameters set out in the offer for the amount ofPLN 5,049,729,000.00 net, PLN 6,023,034,950.00 gross. The approval ofthe Company's general meeting of shareholders shall be granted subjectto effective (i.e. indicating the absence of any premises justifying theexclusion of the contractor or the rejection of the tender thereof)submission by Consortium of GE Power Sp. z o.o. and Alstom Power SystemS.A.S of all the documents and representations required, pursuant toArt. 26 section 1 of 29 January 2004 Public Procurement Law (Journal ofLaws of 2017, item 1579, as amended).

Moreover, the Issuer also informs that it gained knowledge of theadoption by the Company's general meeting of shareholders on 27 March2018 of a resolution on granting the approval for the conclusion of theprocedure, in accordance with the Issuer's decision referred tohereinabove.

The adoption by the Company's general meeting of shareholder of the saidresolution is not equivalent to:

-the decision being taken by the Company's Management Board to selectthe General Contractor, hence it does not mean the conclusion of theProcedure by the Ordering Party;

-the consent given to enter into a contract with the General Contractor- in order to give such a consent it is necessary to obtain the requiredcorporate approvals, including the consent of the Issuer's SupervisoryBoard;

-the agreement to issue a notice to proceed (NTP) - the issue of NTPrequires, among others, prior consent of the Issuer's Supervisory Boardand prior qualified consent of the Issuer's General Meeting to join theConstruction Stage.

It is estimated that the capital expenditure related to the conclusionof the agreement between the Ordering party and the General Contractoruntil the NTP is issued will not exceed the equivalent of 4% of theprice under the contract.

The Issuer will provide further information on the Procedure in separatecurrent reports.