Current report no. 4/2018

Update of the information on the cooperation in the implementation ofthe 910 MW power generation unit construction project in Jaworzno

In reference to current reports no. 25/2017 of June 1, 2017 and no.43/2017 of December 29, 2017 related to the agreement on potentialcooperation in the implementation of the 910 MW power generation unitconstruction project in Jaworzno ("Unit"), the Management Board ofTAURON Polska Energia S.A. ("Issuer") announces that the Issuer, NoweJaworzno Grupa Tauron sp. z o.o. ("Special Purpose Vehicle") and FunduszInwestycji Infrastrukturalnych - Kapitałowy Fundusz InwestycyjnyZamknięty Aktywów Niepublicznych (Infrastructure Investments Fund -Non-public Assets Closed-end Equity Investment Fund) and FunduszInwestycji Infrastrukturalnych - Dłużny Fundusz Inwestycyjny ZamkniętyAktywów Niepublicznych (Infrastructure Investments Fund - Non-publicAssets Closed-end Debt (Fixed Income) Investment Fund) (collectively the"Funds"), a part of whose investment portfolio is managed by PolskiFundusz Rozwoju S.A. (Polish Development Fund), are continuingactivities aimed at signing agreements that will define the terms of theFunds' equity investment in the Special Purpose Vehicle. Such activitiesare conducted in spite of the expiration of the agreement mentionedabove.

The intention of the parties is to have the Funds join the SpecialPurpose Vehicle and participate in the successive recapitalizations ofthe Special Purpose Vehicle, by taking up the newly created shares inexchange for financial contributions up to the total maximum amount ofPLN 880 mln. The Funds' share in the Special Purpose Vehicle's sharecapital, as of the day the Unit is commissioned, should reach approx. 14per cent, while the Issuer's share should reach at least 50 per cent + 1share. Joining the Special Purpose Vehicle by the Funds will becontingent on the fulfillment of the conditions that will be defined inthe agreements.

In the Issuer's opinion the agreements between the parties will besigned in the coming weeks, of which the Issuer will inform in aseparate current report.

Legal basis:Art. 17 clause 1 of MAR - inside information