PGE Polska Grupa Energetyczna S.A.

Share Issue/Capital Change • Apr 29, 2022

Announcement of the Department of Operations of KDPW on the registrationof the rights to the E series shares

The Management Board of PGE Polska Grupa Energetyczna Spółka Akcyjna("Company") hereby informs that it has received an Announcement of theDepartment of Operations of Krajowy Depozyt Papierów Wartościowych S.A.(_quot;KDPW_quot;) no. ONP/2022/038, informing that in accordance with decision(statement) of KDPW of 27 April 2022 no. 375/2022 on 2 May 2022 KDPWshall register 373,952,165 (in words: three hundred seventy-threemillion nine hundred fifty-two thousand one hundred sixty-five) rightsto the E series shares with a nominal value of PLN 8.55 (in words: eightzloty 55/100) each.

Legal disclaimers:

This current report has been prepared in accordance with therequirements of Article 17(1) of the Regulation (EU) No 596/2014 of theEuropean Parliament and of the Council of 16 April 2014 on market abuse(Market Abuse Regulation) and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC and Article 56(1)(2) of the Actof 29 July 2005 on Public Offering, Conditions Governing theIntroduction of Financial Instruments to Organised Trading, and PublicCompanies (_quot;Public Offering Act_quot;).

This current report is of an informative nature only, it constitutes thefulfilment of information obligations of PGE Polska Grupa EnergetycznaS.A. as a public company whose shares are admitted and introduced totrading on the regulated market run by the Warsaw Stock Exchange S.A and(i) is not made available for the purpose of promoting, directly orindirectly, the acquisition of securities of PGE Polska GrupaEnergetyczna S.A. with its registered office in Warsaw or ofencouraging, directly or indirectly, to purchase or subscribe for suchsecurities and (ii) does not constitute an advertisement or promotionalmaterial prepared or published by the Company for the purpose ofpromoting the securities of PGE Polska Grupa Energetyczna S.A., theirsubscription, purchase or offering, or to encourage investors, directlyor indirectly, to purchase or subscribe for such securities.

This current report is not an advertisement within the meaning ofArticle 22 of Regulation (EU) 2017/1129 of the European Parliament andof the Council of 14 June 2017 on the prospectus to be published whensecurities are offered to the public or admitted to trading on aregulated market and repealing Directive 2003/71/EC.

This current report and the information contained herein is not intendedfor publication, announcement or dissemination, directly or indirectly,in or into the United States, or in other countries where publicdissemination of the information contained herein may be restricted orprohibited by law. The securities referred to herein have not been andwill not be registered under the U.S. Securities Act of 1933, asamended, and may not be offered or sold in the United States except fortransactions not being subject to registration obligation under the U.S.Securities Act or pursuant to an exemption from such registrationobligation.

Legal basis: § 17 sec. 1 point 3 the Regulation of the Minister ofFinance of 29 March 2018 on current and periodic information to bepublished by issuers of securities and conditions for recognising asequivalent information required by the laws of a non-member state(Journal of Laws 2018, item 757).