Estimated selected financial data for the first quarter of 2016 andinformation on non-cash one-off items affecting the consolidated resultsof PGE Group for the first quarter of 2016

The Management Board of PGE Polska Grupa Energetyczna S.A. ("PGE")discloses initial consolidated financial results for the first quarterof 2016.

According to preliminary estimates, consolidated EBITDA in the firstquarter of 2016 will amount to approx. PLN 1.8 billion while net profitattributable to equity holders of the parent company will amount toapprox. PLN 0.9 billion.

The above estimates include significant non-cash one-off items that wererecognized in the first quarter of 2016:

- Revenues due to termination of long term contracts for sale ofcapacity and electricity (so-called "LTC compensations") in amount ofapprox. PLN 278 million (including PLN 148 million resulting from courtverdicts in cases relating to stranded costs and costs arising ingas-fired units), accordingly increasing reported EBITDA.

Disclaimer: The data presented above are estimated and may change.

The quarterly consolidated report for the first quarter of 2016 shall bepublished on May 11, 2016.

Legal ground: Art. 56 section 1 point 1 of the Act on public offering,conditions governing the introduction of financial instruments toorganised trading, and public companies (Dziennik Ustaw 2013, item 1382,as amended).