CR no 2/2021 on 14.01.2021 20:09 Appointment of the Supervisory Board member

The Management Board of PGE Polska Grupa Energetyczna S.A. ('PGE', the 'Company') discloses that on January 14, 2021 the Company received a statement in which the Minister of State Assets (representative of the State Treasury) appoints Mr. Marcin Kowalczyk as a member of the Supervisory Board of the Company as of January 14, 2021. The statement was submitted pursuant to § 20 section 5 of the Company's Statutes, that entitles the State Treasury to appoint and dismiss one member of the Supervisory Board by way of a written declaration submitted to the Management Board of the Company.

Mr. Marcin Kowalczyk is a graduate of the Faculty of Law and Administration at the University of Warmia and Mazury in Olsztyn. He completed post-graduate studies at the National Defense University in Warsaw. He holds an MBA from the Warsaw Management University. He started his professional career as an assistant in the political office of the Minister of National Defense and a representative for the protection of classified information in the Chancellery of the President of the Republic of Poland. He was also the deputy president of the Military Property Agency and sat on the Supervisory Board of the Military Property Agency. He worked in a managerial position at PGE Energia Odnawialna S.A. In 2018-2020 he was the vice-president of Wojskowe Przedsiębiorstwo Handlowe Sp. z o.o. From May 2020, he has been associated with PGE Dystrybucja S.A., first as the Vice-President of the Management Board, and from September 2020 as the President of the Management Board. Currently, he is the Head of the Political Cabinet of the Minister of State Assets.

Mr. Marcin Kowalczyk has stated that his activities outside PGE are not competitive in relation to activities of the Company and that he is not participating in a competitive company as a partner in a partnership, in a civil partnership or as a member of body of a capital association, and he is not participating in other competitive legal person as a member of its body.

Mr. Marcin Kowalczyk has also stated that he is not registered in Register of Insolvent Debtors, being kept on the ground of Act on National Court Register dated August 20, 1997 (Dziennik Ustaw of 2019, item 1500 as amended).

Legal ground: § 5 p. 5 and § 10 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).