G Energy Spolka Akcyjna

Regulatory Filings • May 18, 2020

Selecting the jointly controlled companyoffer as the most advantageous in proceedingsconducted in an open private tender.

TheManagement Board of G-Energy S.A. with its registered office in Warsaw(GENERGY, the Issuer) publicly announces that the joint venture ZPBPoliterm Sp. z o.o. with its registered office in Katowice (Politerm)received information on the settlement of non-public proceedingsconducted in an open tender procedure for the award of the contract forthe task: Comprehensive performance of works related to the constructionof connections for new customers along with the development of gas.(excluding contracts below 10 nm3 / h from existing gas) in the area of​​OZG operations in Krakow Gas plant in TARNOW - area XV organized byPolska Spółka Gazownictwa sp. z o.o.

PSG- Polska Spółka Gazownictwa sp. z o.o. Branch in Krakow - notifiedPoliterm on May 15, 2020 about the outcome of the procedure in whichPoliterm's offer was chosen as the best, most advantageous.

Thesubject of the contract is the comprehensive performance of worksrelated to the construction of connections for new customers along withthe development of gas. (excluding contracts below 10 nm3 / h fromexisting gas) in the area of ​​operation at the area of ​​operation ofPolska Spółka Gazownictwa sp.z o.o. Branch Gas Plant in Krakow, area XV- Gasworks TARNÓW.

Theframework agreement concluded between the parties will be valid for aperiod of 24 months from the date of its signature, with the provisothat: 1) within the indicated period, PSG has the right to place Ordersand Politerm is obliged to accept them, while the Parties agree that theduration of the Agreement will completion at the end of the workscarried out under all orders submitted, i.e. also after the date onwhich, according to the rule for calculating time limits expressed inmonths, resulting from the Civil Code, 18 months elapse from the date ofsigning the contract. 2) Upon reaching the maximum amount ofremuneration, PSG will not be entitled to submit further Orders. PSG hasreserved the inability to protest and appeal, and the parties arepreparing documents for the conclusion of the Agreement.

Politermwill be entitled to remuneration, the amount of which will be specifiedin the Agreement received from PSG, its expected value is approximatelyPLN 7,700,000.00 NET (in words: seven million seven hundred thousandzlotys). This amount will be increased by the VAT due.

Politermand GENERGY started negotiations on the Subcontract Agreement, in whichthe Issuer would act as a subcontractor in part of the task. The valueof the Subcontracting Agreement as at the date of this report has notbeen determined.

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