Ignitis Grupe - Capital/Financing Update 2023

National Storage Mechanism | Additional information

AB “Ignitis grupė” (hereinafter – the Group) informs that its subsidiary Silesia2 Wind Farm S.A. (hereinafter – Silesia WF II), managed by UAB “Ignitis renewables” (hereinafter – Ignitis Renewables), and Umicore Poland Sp. z o.o. (hereinafter – Umicore Poland), the Polish entity of leading circular materials technology company Umicore have entered into a 10-year corporate renewable power purchase agreement (hereinafter – PPA).

The PPA, concluded for the period of 1 January 2025 to 31 December 2034, covers a substantial part of the expected electricity production of Silesia WF II, currently under construction in southwestern Poland, which will have a total capacity of 137 MW.

This PPA marks an important milestone as it is the largest external corporate green PPA concluded by the Group. According to the Group, the PPA will ensure a stable income stream.

The information provided in this notification does not change the Group’s Adjusted EBITDA guidance.

For more information, please contact:

Paulius Kalmantas

Communications Partner at Ignitis Renewables

Phone: +370 617 51616

Email: [email protected]