Current Report No. 2/2026

Date: 22 January 2026

Subject: Moody's affirmed Energa SA's rating

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

The Management Board of Energa SA ("Company", "Issuer") informs that, onJanuary 22, 2026 the rating agency Moody's ("Agency", "Moody's")maintained the Company's Long-Term Issuer Ratings - Domestic Currency atthe level "Baa1" with a stable outlook and other ratings that areassociated with the Issuer.

The Agency pointed out that the Company's ratings are supported by theirlow business risk profile, given that the majority of Energa Group'searnings stems from regulated electricity distribution grid activities.It is further supported by the revenues from capacity payments and theIssuer's close integration with its higher rated parent company ORLENS.A. (A3 stable).

Simultaneously Moody's adds that the Company's ratings are constrainedby, among others, the higher business risk profile of the Group's powergeneration and energy supply businesses as well as execution risksrelated to its sizeable investment program over the next few years,including CCGTs.

The Agency's full report is available on Moody's website. The rating wasawarded at the request of the Issuer.