Notification from a shareholder about a change of his stake in the totalnumber of votes in PGE Polska Grupa Energetyczna S.A.

Management Board of PGE Polska Grupa Energetyczna S.A. ("PGE", the_quot;Company_quot;) discloses that on May 20, 2022, it received a notificationfrom the Minister of the State Assets, representing the State Treasuryof the Republic of Poland (the _quot;State Treasury_quot;), pursuant to Art. 69section 2 p. 2 of the Act dated July 29, 2005 on Public Offerings, theconditions governing the introduction of financial instruments toorganised trading and on public companies (Dziennik Ustaw of 2021, item1983, as amended) (_quot;Act on Public Offerings_quot;), informing about a changein the number of shares and the in the total number of votes held by theState Treasury in the Company.

The change took place on May 18, 2022 as a result of registering by theDistrict Court for the Capital City of Warsaw in Warsaw, 12th CommercialDivision of National Court Register of the amendment of the Company'sStatutes pursuant to Resolution no. 7 of the Extraordinary GeneralMeeting of the Company on April 6, 2022 regarding the reduction of theshare capital by decreasing the nominal value of shares and increasingthe share capital by means of an issuance of E series shares in aprivate subscription, depriving the existing shareholders of entirepre-emptive right to all E series shares, applying for admission andintroduction of E series shares or rights to E series shares to tradingon the regulated market of the Giełda Papierów Wartościowych w WarszawieS.A., dematerialisation of E series shares or rights to E series sharesand amendment of the Company's Statutes (PGE's current report no.29/2022 of May 19, 2022). As a result of the above, an issue of 373 952165 series E shares with a nominal value of PLN 8.55 each wasregistered, and the State Treasury, represented by the Prime Minister,acquired 292 617 395 series E shares.

Before the change, the State Treasury held 1 072 984 098 shares of PGE,representing 57.39% of the Company's share capital and was entitled to 1072 984 098 votes at the general meeting of PGE, what represented 57.39%of the total number of votes at the general meeting of the Company.

Currently the State Treasury holds 1 365 601 493 shares representing60.86% of the Company's share capital and entitling to 1 365 601 493votes representing 60.86% of the total number of votes.

In addition, The State Treasury informed about the subsidiary holdingPGE shares and the total number of votes by both entities and itspercentage share in the total number of votes. According to thenotification, taking into account the number of shares (18 697 608) heldby a subsidiary of the State Treasury, i.e. Towarzystwo FinansoweSilesia Sp. z o.o. based in Katowice, the State Treasury holds a totalof 1 384 299 101 shares constituting 61.70% of the share capital of theCompany and entitling to exercise 1 384 299 101 votes, which constitutes61.70% of the total number of votes.

The State Treasury also informed that it had not concluded anyagreements with a third party regarding the transfer of voting rights(art. 87 section 1 p. 3 letter c of the Act on Public Offerings), doesnot have the financial instruments referred to in art. 69b section 1 p.1 and art. 69b section 1 p. 2 of the Act on Public Offering and does nothave such financial instruments as to which votes should be indicatedpursuant to art. 69b section 3 of the Act on Public Offering.

Legal ground: Art. 70 p. 1 of the Act dated July 29, 2005 on on PublicOfferings, the conditions governing the introduction of financialinstruments to organised trading and on public companies (Dziennik Ustawof 2021, item 1983, as amended).