Conclusion of the agreement by the subsidiary company of KOGENERACJAS.A. with ORLEN S.A. for the supply of gas fuel

The Management Board of PGE Polska Grupa Energetyczna S.A. ("PGE")discloses that the Management Board of Zespół ElektrociepłowniWrocławskich KOGENERACJA S.A. informed that on July 1, 2024 itssubsidiary - Elektrociepłownia "Zielona Góra" S.A. concluded a frameworkagreement with ORLEN S.A. for the comprehensive sale of gas fuel in thedistribution system (the "Agreement") together with an individualcontract to the Agreement.

The framework agreement was concluded for an indefinite period, whilethe individual contract provides for gas fuel deliveries from July 2,2024 to January 1, 2037.

The estimated value of the individual contract during its validityperiod, determined on the basis of gas market prices and distributionrates, amounts to a total of PLN 6.3 billion net. The basis forcalculating the price formula in the individual contract will bevariable components based on quotation of gas price indexes, taking intoaccount the conditions of gas supplies from local deposits.

The agreement is secured by a bank guarantee for the amount of PLN 33million and a surety provided by PGE in the amount of PLN 40 million.