Setting new commissioning dates of CCGT units in PGE Gryfino 2050 sp. zo.o.

With reference to the current reports no. 3/2020 of January 30, 2020 andno. 25/2023 of July 20, 2023, the Management Board of PGE Polska GrupaEnergetyczna S.A. ("PGE", the "Company") discloses that on July 23, 2024PGE Gryfino 2050 and the syndicate of General Electric Global ServicesGmbH (leader of syndicate), Polimex Mostostal S.A. and GE Vernova LLC(the "Contractor") concluded before the mediator of the arbitrationcourt at the Solicitor's Office of the Republic of Poland a settlementregarding the realisation of the contract for construction of two CCGTunits with a capacity of 683 MWe each in PGE Gryfino 2050 (the"Settlement").

As a consequence of the Settlement, the commissioning date of unit no. 9was set at August 15, 2024 and of unit no. 10 at September 30, 2024.There will be a 35-days joint grace period for both units fornon-compliance with the mentioned commissioning dates that may beprolonged (by a relevant number of days) in the event of earlycommissioning of Unit no. 9. As part of the Settlement the Contractorhas committed to pursue additional works and parties agreed that theContractor's valorisation request does not merit consideration. TheManagement Board of the Company points out that the change of completiondate of the contract does not cause a change of the Contractor'sremuneration.

At the same time, the Management Board of PGE informs that operationalmilestones' requirements have been met for both units, enabling revenuesto be received from the Capacity Market.