CR no 3/2019 on 16.01.2019 13:46 Registration of the change to the Statutes

The Management Board of PGE Polska Grupa Energetyczna S.A. ('PGE', the 'Company') has taken information that on January 11, 2019, the District Court of the City of Warsaw in Warsaw, XII Commercial Division of the National Court Register registered the change to the Company's Statutes, made on the ground of resolution no. 4 of the Extraordinary General Meeting of the Company of November 14, 2018.

According to the above mentioned resolution in § 37, clause 3 is added with the following wording:

'3. The consent of the General Meeting is required for the following:

1) the Company's disposal of shares/interests in a company with respect to which frequencies from the ranges 452.5-457.5 MHz and 462.5-467.5 MHz have been reserved pursuant to a decision on frequency reservation to be issued, after consultations with the minister competent for energy-related matters, by the President of the Electronic Communication Office,

2) the determination of the manner of voting at the General Meeting of a company with respect to which frequencies from the ranges 452.5-457.5 MHz and 462.5-467.5 MHz have been reserved pursuant to a decision on frequency reservation to be issued, after consultations with the minister competent for energy-related matters, by the President of the Electronic Communication Office, on matters concerning amendments to such a company's statutes / articles of association.'

The Management Board of PGE attaches to this report a consolidated text of the Statutes including the above change.

Legal ground: § 5 point 1 and § 6 of the Regulation of the Minister of Finance dated March 29, 2018 on current and periodic information published by issuers of securities and on conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state. (Dziennik Ustaw of 2018, item 757).