Tauron Polska Energia S.A.

Major Shareholding Notification • Dec 5, 2023

Date:22 October 2015 ESMA/2015/1597

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

TAURON POLSKA ENERGIA

2. Reason for the notification (please tick the appropriate box or boxes):

[] An acquisition or disposal of voting rights

[] An acquisition or disposal of financial instruments

[ ] An event changing the breakdown of voting rights

[ ] Other (please specify)iii:

3. Details of person subject to the notification obligationiv :

Name:

City and country of registered office (if applicable):

Helikon Investments Limited

London, United Kingdom

4. Full name of shareholder(s) (if different from 3.)v : Helikon Long Short Equity Fund Master ICAV

5. Date on which the threshold was crossed or reachedvi:

30th November 2023

6. Total positions of person(s) subject to the notification obligation:

	% of voting rights at tached to shares (to tal of 7.A)	% of voting rights through financial instru ments (total of 7.B.1 + 7.B.2)	Total of both in % (7.A + 7.B)	Total number of voting rights of is suervii
Resulting situation on the date on which threshold was crossed or reached	1.7538%	3.281%	5.0348%	1,752,549,394
Position of previous notification (if appli cable)	N/A	N/A	N/A

7. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares

Class/type of shares ISIN code (if possi ble)	Number of voting rightsix		% of voting rights
	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)
PLTAURN00011		30,736,871		1.7538%
SUBTOTAL A	30,736,871		1.7538%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
Type of financial in strument	Expiration datex	Exercise/ Conversion Periodxi	Number of voting rights that may be acquired if the instrument is exer cised/ converted.	% of voting rights
		SUBTOTAL B.1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC
Type of financial instrument	Expiration datex	Exercise/ Conversion Pe riod x i	Physical or cash settlementxii	Number of voting rights	% of voting rights
CFD	13/06/2024	13/06/2024	CASH	19,178,676	1.0943%
CFD	26/05/2026	26/05/2026	CASH	15,642,847	0.8926%
CFD	04/08/2026	04/08/2026	CASH	22,678,964	1.2941%
			SUBTOTAL B.2	57,500,487	3.281%

8. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:

Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial in struments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Helikon Long Short Equity Fund Master ICAV	1.7538%	3.281%	5.0348%

9. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

10. Additional informationxvi:

Done at London on 4th December 2023.

Paul McLernon, Director