PGE Polska Grupa Energetyczna S.A.

Regulatory Filings • Oct 10, 2018

Annex to the construction agreement regarding units 5 and 6 in OpolePower Plant.With reference to the current reportsnumber 5/2018 and 47/2017, the Management Board of PGE Polska GrupaEnergetyczna S.A. ("PGE", the "Company") notifies that on October 10,2018 PGE Górnictwo i Energetyka Konwencjonalna S.A. (the "OrderingParty"), the subsidiary of PGE, signed with the consortium formed bycompanies: Polimex-Mostostal S.A., Mostostal Warszawa S.A. and RafakoS.A. (the "General Contractor") the annex (the "Annex") to the agreementfor construction of units 5 and 6 in Opole Power Plant (the "Agreement")being realized by the General Contractor and GE Power, which is thegeneral designer and consortium leader managing the contract execution.

The Annex stipulates, inter alia:1. Amendment of the commissioningdate of unit 5 to June 15, 2019 from May 31, 2019 previously envisagedin current report number 5/2018. The commissioning date of unit 6remains intact, i.e. September 30, 2019 - in line with earlier estimates.2.Other technical and contractual amendments in favor of the OrderingParty.As a result of negotiations with the General Contractor,force majeure events occurred during over 4 years construction worksperiod have been taken into account, so as additional works carried byGeneral Contractor for the Ordering Party.

Parties of Agreement confirmed the amount of remuneration for theGeneral Contractor on condition that dates of units commissioning agreedin the Annex are met.

Alignments involved in the Annex satisfies claims of both sides raisedduring the realization of the Agreement until the Annex date. TheOrdering Party shall not raise claims against the General Contractorregarding exceeding the delivery date envisaged in the original versionof the Agreement, before the Annex.