Energa S.A.

Report Publication Announcement • Feb 1, 2018

Current Report No. 5/2018/K

Date of Preparation: 1 February 2018

Subject: ENERGA Group's estimated financial results for Q4 2017 and for2017 - correction

Legal Basis: Article 17 Section 1 of the Market Abuse Regulation -confidential information

The Management Board of ENERGA SA hereby issues a correction of CurrentReport No. 5/2018 of 22 January 2018 regarding publication ofpreliminary estimates of the Company's selected financial and operatingdata for Q4 2017 and for 2017.

The reason for the correction is the typing error regarding explanationfor the partial reversal of previously recognized impairment losses fordisputable receivables in the Distribution Segment and in the SalesSegment.

The wording of the updated fragment of the report before the correction:

Earlier application of the provisions of IFRS 9, introducing amendmentsto the impairment loss recognition methodology for disputablereceivables, necessitated partial reversal of earlier losses, whichimproved the EBITDA in the Distribution Segment by PLN 16.1 m and in theDistribution Segment by PLN 43.8 m.

The wording of the updated fragment of the report after the correction:

As a result of analysis of the provisions of IFRS 9, introducingamendments to the impairment loss recognition methodology for disputablereceivables, earlier losses were partially reversed, which improved theEBITDA in the Distribution Segment by PLN 16.1 m and in the SalesSegment by PLN 43.8 m.

The remaining part of the report remains unchanged.