Signing of a loan agreement with the European Investment Bank

The Management Board of PGE Polska Grupa Energetyczna S.A. ("PGE")discloses that on April 25, 2025 PGE has signed a term loan agreement(the "Agreement") with the European Investment Bank ("EIB"). The valueof the loan agreement amounts to PLN 2 250 000 000 and the loan will beintended for financing of capital expenditures of PGE Energia OdnawialnaS.A. (PGE's subsidiary) for the modernisation project of Porąbka-Żarpumped storage power plant and for construction of PV farms togetherwith the grid connection infrastructure. The financing is provided aspart of supporting REPowerEU plan in Poland.

The loan will be drawn in tranches. Each tranche may be drawn in PLN orEUR. The final maturity date will be maximum 18 years from the drawingdate of the last tranche whereby the last tranche may be drawn no laterthan 24 months from the Agreement signing date. The interest rate willbe determined before the payment of the each tranche. The Agreement doesnot provide for tangible collaterals. After signing of the Agreement,total nominal value of the financing from the EIB amounts to PLN 8 912500 000.