The adoption of a resolution of the Management Board related to theexecution of the Baltica 2 Project - disclosure of delayed information

The Management Board of PGE Polska Grupa Energetyczna S.A. ("PGE"),acting pursuant to Article 17(1) and Article 17(4) of Regulation (EU)No. 596/2014 of the European Parliament and of the Council of April 16,2014 on market abuse (market abuse regulation) and repealing Directive2003/6/EC of the European Parliament and of the Council and CommissionDirectives 2003/124/EC, 2003/125/EC and 2004/72/EC (the "MAR"), herebydiscloses to the public inside information the disclosure of which wasdelayed on January 28, 2025 pursuant to Article 17(4) of the MAR. Theinside information the disclosure of which was delayed was informationabout the adoption, on January 28, 2025, of a resolution of theManagement Board of PGE related to the execution the Baltica 2 Project.

The wording of the delayed inside information

"The Management Board of PGE Polska Grupa Energetyczna S.A. ("PGE")informs that, on January 28, 2025, it adopted a resolution regardingcofinancing and securing of the investment undertaking comprising theconstruction of an offshore wind farm with a planned total capacity of 1498 MW (the "Baltica 2 Project") that is being developed by ElektrowniaWiatrowa Baltica - 2 sp. z o.o. ("Baltica 2") and the conclusion andperformance of certain agreements related to the execution of Baltica 2Project.

The resolution of the Management Board constitutes a key corporatedecision in the PGE capital group leading to the adoption by theshareholders of Baltica 2 of a resolution regarding the adoption of theFinal Investment Decision (FID) that will commence the stage ofconstruction of the scope of the Baltica 2 Project.

In the resolution, the Management Board has also included a requestaddressed to the Supervisory Board for it to grant consent to theexecution of the investment undertaking comprising the construction ofthe Baltica 2 Project and for the conclusion of certain agreementsrelated therewith."

The disclosure of the above-mentioned inside information was delayeduntil the moment of the adoption by the shareholders of ElektrowniaWiatrowa Baltica - 2 sp. z o.o. of the resolution regarding the FinalInvestment Decision, FID, which was adopted on January 29, 2025, and ofwhich PGE informed in current report no. 5/2025 of January 29, 2025.