Current Report No. 38/2020

Date: 7 May 2020

Subject: Extension of the analyses period within the Ostrołęka "C"Project

Legal basis: Article 17 (1) of MAR - inside information

With reference to the current report No. 8/2020 of 13 February 2020 andthe current report No. 11/2020 of 23 February 2020, the Management Boardof Energa SA informs that on 7 May 2020 companies Energa SA and EneaS.A. (hereinafter jointly "Sponsors"), decided to extend the analyticalperiod regarding further actions of the Ostrołęka "C" Power Plantconstruction project with a capacity of approx. 1,000 MW, whichaccording to the original assumptions of the Sponsors, were to becompleted by 7 May 2020. The Sponsors assume that analysis will lastabout a month.