Issuing a debit note to the consortium constructing unit no. 7 in Turówpower plant

The Management Board of PGE Polska Grupa Energetyczna S.A. ("PGE")discloses that on May 26, 2022 PGE Górnictwo i Energetyka KonwencjonalnaS.A. ("PGE GiEK"), a PGE's subsidiary, issued a debit note in amount ofPLN 561 516 981.74 to the consortium of companies Mitsubishi PowerEurope Gmbh, TECNICAS REUNIDAS S.A. and BUDIMEX S.A. (later jointlyreferred to as the "Consortium"). The Consortium carried out for PGEGiEK the project of designing and turn-key construction of power unit inPGE GiEK S.A. Branch Turów power plant (PGE informed about the signingof the agreement in the current report no. 36/2014 of July 10, 2014).

The unit was commissioned on May 14, 2021. The debit note concernscontractual penalty for failure to meet the availability factor of theunit in the first year of the guarantee period, that in accordance withthe agreement was one of the technical parameters guaranteed by theConsortium.