Registration of share capital increase and amendments to the Company'sArticles of Association

The Management Board of PGE Polska Grupa Energetyczna Spółka Akcyjna("Company") informs that on May 18, 2022 the District Court for theCapital City of Warsaw in Warsaw, 12th Commercial Division of NationalCourt Register registered the amendment of the Company's Articles ofAssociation pursuant to Resolution no. 7 of the Extraordinary GeneralMeeting of the Company dated April 6, 2022 convened on March 7, 2022 andresumed on April 6, 2022.

Currently, the share capital of the Company amounts to PLN19,183,746,098.70 (in words: nineteen billion one hundred eighty-threemillion seven hundred forty-six thousand and ninety-eight zloty 70/100)and is divided into 2,243,712,994 (in words: two billion two hundred andforty-three million seven hundred and twelve thousand nine hundred andninety-four) shares with nominal value of PLN 8.55 (in words: eightzloty 55/100) each, including:

1) 1,470,576,500 ordinary A series shares,

2) 259,513,500 ordinary B series shares,

3) 73,228,888 ordinary C series shares,

4) 66,441,941 ordinary D series shares,

5) 373,952,165 ordinary E series shares.

The total number of votes attached to all the issued E series shares is373,952,165 (in words: three hundred and seventy-three million ninehundred and fifty-two thousand one hundred and sixty-five), i.e. one Eseries share entitles to one vote at the Company's General Meeting.

The Management Board of the Company herby informs about the amendmentsin the the Company's Articles of Association: § 7 of the Company'sArticles of Association pursuant to Resolution no. 7 of theExtraordinary General Meeting of the Company dated April 6, 2022convened on March 7, 2022 and resumed on April 6, 2022 was amended toread as follows:

_quot;The share capital of the Company amounts to PLN 19,183,746,098.70 (inwords: nineteen billion one hundred and eighty-three million sevenhundred and forty-six thousand and ninety-eight zlotys and seventygroszy) and shall be divided into 2,243,712,994 (in words: two billiontwo hundred and forty three million seven hundred and twelve thousandnine hundred and ninety four) shares with a nominal value of PLN 8.55(in words: eight zloty 85/100) each, including:

1) 1,470,576,500 ordinary A series shares,

2) 259,513,500 ordinary B series shares,

3) 73,228,888 ordinary C series shares,

4) 66,441,941 ordinary D series shares,

5) 373,952,165 ordinary E series shares._quot;

Disclaimer: this current report and the information contained herein isrestricted and is not intended for publication, announcement,distribution or transmission, directly or indirectly, in whole or in anypart, in the territory of the United States of America, Australia,Canada, Japan or any other countries where such publication,announcement, distribution or transmission would be unlawful.

This report is published for the purpose of fulfilling informationobligations of PGE Polska Grupa Energetyczna S.A. as an issuer ofsecurities admitted to trading on a regulated market, and does notconstitute securities offering in any jurisdiction.

Please read legal disclaimers at the end of this current report.

Legal disclaimers:

This current report has been prepared in accordance with therequirements of Article 17(1) of the Regulation (EU) No 596/2014 of theEuropean Parliament and of the Council of April 16, 2014 on market abuse(Market Abuse Regulation) and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC and Article 56(1)(2) of the Actof July 29, 2005 on Public Offering, Conditions Governing theIntroduction of Financial Instruments to Organised Trading, and PublicCompanies (_quot;Public Offering Act_quot;).

This current report is of an informative nature only, it constitutes thefulfilment of information obligations of PGE Polska Grupa EnergetycznaS.A. as a public company whose shares are admitted and introduced totrading on the regulated market run by the Warsaw Stock Exchange S.A and(i) is not made available for the purpose of promoting, directly orindirectly, the acquisition of securities of PGE Polska GrupaEnergetyczna S.A. with its registered office in Warsaw or ofencouraging, directly or indirectly, to purchase or subscribe for suchsecurities and (ii) does not constitute an advertisement or promotionalmaterial prepared or published by the Company for the purpose ofpromoting the securities of PGE Polska Grupa Energetyczna S.A., theirsubscription, purchase or offering, or to encourage investors, directlyor indirectly, to purchase or subscribe for such securities.

This current report is not an advertisement within the meaning ofArticle 22 of Regulation (EU) 2017/1129 of the European Parliament andof the Council of June 14, 2017 on the prospectus to be published whensecurities are offered to the public or admitted to trading on aregulated market and repealing Directive 2003/71/EC.

This current report and the information contained herein is not intendedfor publication, announcement or dissemination, directly or indirectly,in or into the United States, or in other countries where publicdissemination of the information contained herein may be restricted orprohibited by law. The securities referred to herein have not been andwill not be registered under the U.S. Securities Act of 1933, asamended, and may not be offered or sold in the United States except fortransactions not being subject to registration obligation under the U.S.Securities Act or pursuant to an exemption from such registrationobligation.

Legal basis: § 5 point 1 and § 6 the Regulation of the Minister ofFinance of March 29, 2018 on current and periodic information to bepublished by issuers of securities and conditions for recognising asequivalent information required by the laws of a non-member state(Journal of Laws 2018, item 757).