Publication of preliminary results of main capacity market auction forthe year 2022With reference to the current report no. 39/2018,the Management Board of PGE Polska Grupa Energetyczna S.A. ("PGE")notifies that on December 7, 2018 PSE S.A. published preliminary resultsof the main capacity auction for year 2022, including the clearing priceof 198,00 PLN/kW/year.

At the same time, the Management Board of PGE discloses that totalcapacity obligation of 7 397 MW has been ultimately contracted forgeneration units owned by PGE Group. Capacity contracts have beenconcluded for one year.

The above clearing price is not a final result of power market auction.Final results are to be published by the President of Energy RegulatoryOffice on its website (in the section Biuletyn Informacji Publicznej) onthe first business day following 21st day after the close of capacityauction. Until then all capacity obligation contracts are conditional.PGE will update this current report only if the final results ofcapacity market turn out substantially different from preliminaryresults.

Total capacity obligation contracted for generation units owned by PGEGroup for the year 2022, including long-term obligations contracted inthe auction for the year 2021, amounts to 12 040 MW.