PGE Polska Grupa Energetyczna S.A.

Notice of Dividend Amount • Sep 12, 2016

Information regarding estimated tax due resulting from the increase ofshare capital.The Management Board of PGE PolskaGrupa Energetyczna S.A. ("Company"), discloses that the Company receivedtax interpretations issued by the Director of Tax Chamber in Warsawacting on behalf of the Minister of Finance, regarding Company'squestions on appropriate application of tax regulations in case of theallocation of part of the reserve capital to cover the flat-rate incometax related to the increase of the share capital from Company's ownfunds (reserve capital).

Questions regarding appropriate understanding of tax regulations wereasked on the occasion of projects of resolutions for ExtraordinaryGeneral Meeting (EGM) convened for September 5, 2016, following theshareholder's (i.e. the State Treasury's) proposal of share capitalincrease and allocation of part of the reserve capital to cover theflat-rate income tax related to the increase of the share capital fromCompany's own funds (the Company notified about those events in currentreports 42-44/2016).The analysis of received tax interpretationslead to the conclusion that the tax due which Company is supposed to payto the Tax Office due to the increase of share capital amounts to PLN109,646,468.The computation of the tax due is based on theamount of share capital increase finally adopted on EGM i.e. PLN467,440,207.25 which corresponds to the increase of nominal value of PLN0.25 per share (the Company notified about this event in the currentreport 49/2016).