The Management Board of PGE Polska Grupa Energetyczna S.A. publishesinitial selected consolidated financial and operating data for 2018.

According to the initial estimates net electricity production at PGEGroup generating units in 2018 amounted to 65.9 TWh (including 39.0 TWhfrom lignite), distribution volume reached 36.4 TWh and sales to finaloff-takers came out at 42.6 TWh.

Consolidated EBITDA for 2018 amounted to approximately PLN 6,364million; including:

EBITDA of Conventional Generation segment PLN 2,938 million,

EBITDA of Distribution segment PLN 2,463 million,

EBITDA of Supply segment PLN 263 million,

EBITDA of Renewables segment PLN 463 million.

Consolidated net profit attributable to equity holders of the parentcompany amounted to approximately PLN 1,498 million (i.e. earnings pershare of PLN 0.80).

CAPEX amounted to approximately PLN 6,856 million.

Estimated net debt as at December 31, 2018 was approximately PLN 9,600million.

Average electricity wholesale price realized by Conventional Generationsegment in 2018 amounted to PLN 176.3 per MWh (on comparable basis).

Disclaimer: Presented values are estimated and may change. Consolidatedfinancial statements of the PGE Group are still being audited by theprofessional auditor. The annual consolidated report for 2018 will bepublished on March 12, 2019.