Result of impairment tests on property, plant and equipment inConventional Generation segment and Renewables segment

With reference to the current report no. 28/2025 dated July 7, 2025 theManagement Board of PGE Polska Grupa Energetyczna S.A. ("PGE") disclosesthat the works regarding tests for impairment of property, plant andequipment in accordance with the IAS 36 have been completed with regardto the Conventional Generation and Renewables segments' assets.

Results of conducted tests indicate the impairment loss of balance sheetvalue of selected property, plant and equipment in the PGE Capital Groupcompanies amounting to approx. PLN 9.1 billion, including: approx. PLN8.7 billion in the Conventional Generation segment and approx. PLN 0.4billion in the Renewables segment.

At the same time, in the course of the work, a necessity to lower valueof deferred tax asset (in accordance with IAS 12) in amount of approx.PLN 2.5 billion has been identified.

Accordingly, appropriate adjustments updating value of property, plantand equipment and the write-down related to deferred tax asset will berecognised in the consolidated financial statements of PGE Capital Groupfor the first half of 2025. The above adjustments are of non-cashnature. They will lower the PGE Capital Group's gross result for thefirst half of 2025 by approx. PLN 9.1 billion and net result by approx.PLN 11.6 billion.

Presented values are estimated and may change. Final value of theimpairment will be presented in the consolidated financial statements ofthe PGE Capital Group for the first half of 2025 which will be reviewedby the professional auditor.