Result of main capacity market auction for the year 2026

The Management of PGE Polska Grupa Energetyczna S.A. ("PGE") disclosesthat on December 16, 2021, as a result of capacity market auction forthe year 2026 (the main auction), total capacity obligation of not lessthan 1 534.51 MW has been contracted for units owned by PGE Group.

Auction clearing price has been set within the range between 367.05 and400.40 PLN/kW/year and on the basis of article 38 par. 1 of the CapacityMarket Act of December 8, 2017 - the price will be disclosed by PSE S.A.within 3 business days.

Including long-term contracts form previous auctions, PGE Groupcontracted not less than 8 950 MW of capacity obligations for 2026delivery.

The above capacity obligations are not final results of capacity 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.