Supplement to current report 27/2022 dated 11 May 2022 and currentreport 34/2022 dated 1 June 2022 - completion of the subscription of Eseries shares

With reference to current report 27/2022 dated 11 May 2022 ("Report_quot;)and current report 34/2022 dated 1 June 2022, in connection with thereceipt of the statement and acceptance of the costs from the entitiesinvolved in the preparation and conduct of the private subscrption of Eseries shares ("E Series Shares_quot;) as well as registration at the KDPW on6 June 2022 E Series Shares under ISIN code PLPGER000010, the ManagementBoard of PGE Polska Grupa Energetyczna Spółka Akcyjna ("Company") herbyprovides an update of the Report with regard to information in points12) and 13) of the Report regarding the costs of completion of thesubscription.

12. The aggregate amount of all costs counting towards the issue costs,with an indication of the amount of the costs by each title, divided atleast into the costs: a) preparation and conduct of the offer; b)remuneration of the underwriers, for each of them separately; c) drawingup of the prospectus, including consultancy costs; d) the promotion ofthe offer: PLN 7 260 585.62 whereby all these costs relate to point a)the preparation and conduct of the offer, as points b), c) and d) do notapply: E Series Shares were not subject to underwriting commitment, noprospectus was prepared in connection with the public offering of ESeries Shares or the application for their admission to trading on theregulated market and no promotional activites were carried out inconnection with the public offering.

The issue costs incurred by the Company were included in the Company'soperating expenses in 2022.

13. The average cost of conducting the subscription or sale per unit ofthe security which the subscription or sale concerns: approx. PLN 0.02per E Series Share.

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 16 April 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 29 July 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 14 June 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: § 16 sec. 1 the Regulation of the Minister of Finance of 29March 2018 on current and periodic information to be published byissuers of securities and conditions for recognising as equivalentinformation required by the laws of a non-member state (Journal of Laws2018, item 757).