Signing of a loan agreement with the European Investment Bank

The Management Board of PGE Polska Grupa Energetyczna S.A. ("PGE")discloses that on July 29, 2024 PGE has signed a term loan agreement(the "Agreement") with the European Investment Bank ("EIB"). The valueof the loan agreement amounts to PLN 1 000 000 000 and the loan will beintended for financing of capital expenditures of PGE EnergetykaKolejowa S.A. (PGE's subsidiary) for the Modernisation of Power SupplySystems implemented in years 2023-2028 which will ensure modernisationof railway network power supply systems throughout Poland.

The loan will be drawn in installments. Each installment may be drawn inPLN or EUR. The final maturity date will be maximum 18 years from thedrawing date of the last installment whereby the last installment may bedrawn no later than 24 months from the Agreement signing date. Theinterest rate will be determined before the payment of the eachinstallment. The Agreement does not provide for tangible collaterals.After signing of the Agreement, total nominal value of the financingfrom the EIB amounts to PLN 6 662 500 000.