The decision taken by the Management Board and the Supervisory Board ofPGE Polska Grupa Energetyczna S.A. on planned announcement of tender forshares of Polenergia S.A. - disclosure of delayed inside information

The Management Board of PGE Polska Grupa Energetyczna S.A. ("PGE"),acting on the basis of the article 17 paragraph 1 and 4 of Regulation ofthe European Parliament and of the Council number 596/2014 of April 16,2014 on market abuse (market abuse regulation) and repealing Directive2003/6/EC of the European Parliament and of the Council and CommissionDirectives 2003/124/EC, 2003/125/EC and 2004/72/EC ("MAR") herebypublicly announces the content of inside information, that have beendelayed on May 22, 2018 on the basis of article 17, paragraph 4 of MAR.

Delayed inside information were:

- information on the decision taken on May 22, 2018 by the ManagementBoard of PGE to approve the acquisition of shares of Polenergia S.A. andto approve the announcement of tender for sale of shares of PolenergiaS.A.

The content of delayed inside information: "The Management Board of PGEPolska Grupa Energetyczna S.A. ("PGE") discloses that on May 22, 2018the Management Board of PGE decided to approve the acquisition of sharesof Polenergia S.A. and to approve the announcement of tender for sale ofshares of Polenergia S.A."

- information on the decision taken on May 22, 2018 by the SupervisoryBoard of PGE, according to the request by the Management Board of PGE,to approve the acquisition of shares of Polenergia S.A. by PGE, inaccordance with § 18 section 2 p. 1. c) and p. 6) of PGE's Statutes

The content of delayed inside information: "The Management Board of PGEPolska Grupa Energetyczna S.A. ("PGE") discloses that on May 22, 2018the Supervisory Board of PGE, according to the request by the ManagementBoard of PGE, decided to approve the acquisition of shares of PolenergiaS.A. by PGE, in accordance with § 18 section 2 p. 1. c) and p. 6) ofPGE's Statutes."

Legal ground: article 17 paragraph 1 and 4 of MAR.