Publication of preliminary results of main capacity market auction forthe year 2026

With reference to the current report no. 35/2021, the Management Boardof PGE Polska Grupa Energetyczna S.A. ("PGE") notifies that on December20, 2021 PSE S.A. published preliminary results of the main capacityauction for year 2026, including the clearing price of 400.39PLN/kW/year. The price of capacity obligation in multi-year contractswill be adjusted every year with the annual average consumer price index.

At the same time, the Management Board of PGE discloses that totalcapacity obligation of 1 739.51 MW has been ultimately contracted forunits owned by PGE Group, including:

- 329.01 MW for new units with 17-years capacity contract,

- 536.24 MW for modernized units with 7-years capacity contract,

- 824.27 MW for existing units with 1-year capacity contract, and

- 50.00 MW for DSR units with 1-year capacity contract.

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 units owned by PGE Group forthe year 2026, including long-term obligations contracted in theauctions for the years 2021-2025, amounts to 9 155 MW.