Current Report No. 14/2025

Date: 30 April 2025

Subject: Energa SA Management Board's recommendation on distribution ofthe Company's net profit for 2024

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

The Management Board of Energa SA ("Company") informs that on 30 April2025 it decided to recommend to the General Meeting of Energa SA totransfer the Company's net profit for 2024 in the amount of PLN306,117,805.86 to increase the supplementary capital, which will resultin no dividend payment.

Retaining profit in the Company is necessary to achieve the goals set inthe "Strategic Development Plan of the Energa Group for 2024-2030"("SDP") and to implement the investments described in the "Long-TermStrategic Investment Plan of the Energa Group for 2024-2030 " ("LTSIP").

In accordance with the current version of the LTSIP, the Energa Groupplans to spend significant outlays on the construction of CCGT powerplants in Ostrołęka and Grudziądz, the construction of new renewableenergy sources ("RES") as well as the modernization and expansion of thedistribution grid. Total outlays planned for the years 2024-2030 willamount to approx. PLN 47.9 billion.

The capital expenditures included in the LTSIP are necessary to adaptthe Energa Group to the current and expected changes in the market andregulatory environment and to strengthen its market position.Considerable funds are necessary to effectively implement this ambitiousinvestment plan. To acquire such funds, the Company, among others, hasconcluded agreements with ORLEN S.A., its strategic shareholder, for thefinancing of LTSIP projects, namely construction of gas-steam powerstations in Ostrołęka and Grudziądz, as well as the construction orpurchase of RES projects. However, in order to provide funds to financethe investments included in the LTSIP, it is also necessary that the netprofit for 2024 is retained in the Company.

The existing and planned investments will bring measurable results, suchas an increase in the EBITDA: it is assumed that achievement of theLTSIP targets will result in a significant increase in the consolidatedEBITDA in 2030 as compared to 2024. Consequently, this should translateto measurable benefits for the Company's shareholders in connection withan increase in its value.

Retaining profit in the Company will allow for maintaining the costeffectiveness of debt service and maintaining a safe level of debtratios, both in the context of the current situation and future demandfor financial resources.

Thanks to the transferring the net profit to increase the Company'ssupplementary capital, there will be lower demand for external financing.