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PGE Polska Grupa Energetyczna S.A.

M&A Activity • Feb 10, 2021

5758_rns_2021-02-10_b500013c-df10-4986-bbdb-257e7ebc13b4.html

M&A Activity

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Updated information about non-binding offer for acquisition of Polishassets of CEZ Group, submitted jointly with PGNiG

With reference to the current report no. 34/2020 dated December 11,2020, the Management Board of PGE Polska Grupa Energetyczna S.A. ("PGE",the "Company") discloses that today PGE has received a statement ofPolskie Górnictwo Naftowe i Gazownictwo S.A. (PGNiG) on withdrawal fromparticipation in acquisition of Polish assets of ČEZ Group and fromco-operation with PGE conducted for the purposes of the transactionprocess.

The Management Board of PGE informs that the Company is still interestedin acquiring selected Polish generation assets of ČEZ Group and willanalyse possibility of further participation in the sale process.