Conclusion of Framework Agreement with PolskaSpółka Gazownictwa sp.z o.o. with its registered office in Tarnów, theGas Distribution Branch in Opole by a jointly controlled Company.

TheManagement Board of G-Energy S.A. with its registered office in Warsaw(GENERGY, the Issuer) publicly announces that today it received from theco-subsidiary ZPB Politerm Sp. z o.o. with its registered office inKatowice (Politerm) information on receipt of the signed FrameworkAgreement by Politerm - Design and construction of gas pipelinestogether with gas connections and gas points up to 60 m3 / h for PolskaSpółka Gazownictwa Sp. z o.o. Branch Gas Plant in Opole, area No. 4:Kluczbork,aboutthe expected signing of which, GENERGY informed in the current ESPIreport 20/2020 on May 17, 2020.

Politermfor the implementation of the Subjects of the Agreements will receive atotal remuneration not exceeding the amount of PLN 3,300,000.00 NET (inwords: three million three hundred thousand PLN 00/100). This amountwill be increased by the VAT due.

PSGentrusts and Politerm will carry out Orders consisting in preparingproject documentation, hereinafter referred to as the Project,exercising author supervision, and then building and commissioning: agas network together with gas connections on the premises of theGasworks (Works), in accordance with the abovementioned The project,according to the rates (prices) accepted in accordance with thesubmitted Offer, in accordance with the conditions contained in theSpecification of the Essential Terms of the Order (hereinafter referredto as SIWZ), on the principles set out in the Agreement. The subject ofthe Agreement includes, in particular, Tasks that can be orderedindividually or jointly (as part of a given Order) involvingcomprehensive implementation of linear facilities, i.e.

1)implementation of the Project:

2)implementation of Construction and assembly works:

Politermmay entrust the performance of the Agreement in whole or in part tothird parties on the principles set out in art. 6471 of the Civil Code.

Theframework agreement between the parties will be valid for a period of 24(say: twenty-four) months counting from the day of its signing until21.05.2022. Settlement will take place after the implementation of agiven Task. Remuneration for performing a given Task will be specifiedin the Order and will be calculated on the basis of prices indicated inthe Contractor's offer. VAT will be added to the above prices accordingto the rate applicable on the day of completing the given Task.

Thedetailed conditions of the above Agreements do not differ from thosecommonly used in this type of agreements.

CurrentlyPoliterm and GENERGY are negotiating a subcontract agreement in whichthe Issuer would act as a subcontractor in part of the task. The valueof the Subcontracting Agreement as at the date of this report has notbeen determined, however, it has been provisionally established that theAgreement will cover at least 50% of the executive works worth at leastPLN 1,700,000 (one million, seven hundred thousand zlotys).

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