Current Report No. 52/2018

Date: 19/12/2018

Legal basis: Article 17 section 1 MAR - confidential information

With reference to current report no. 41/2018 of 3 September 2018, the Management Board of Energa S.A. hereby informs you that on 19th of December 2018, the Supervisory Board of Energa S.A. adopted a resolution on expressing consent for Elektrownia Ostrołęka Sp. z o.o. (‘Company') to issue a notice to proceed for the general contractor, a Consortium of GE Power Sp. z o.o. as the leader and ALSTOM Power Systems S.A.S., and resolution determining the manner of exercising voting rights at the Extraordinary General Meeting of Shareholders of Elektrownia Ostrołęka Sp. z o.o. to be as follows: Energa S.A. will vote in favor of adopting a resolution on expressing consent for the Company to issue an NTP for the general contractor. Both resolutions taken under provided that during a power capacity auction with the delivery period beginning in 2023, the price obtained by ‘Ostrołęka C' Project for the power stated in the conditional certificate, i.e. 852,603 MW, for a period of 15 years is not lower than defined in the auction strategy.

Adopting the aforementioned resolution does not automatically mean that the notice to proceed will be issued. NTP shall be issued by Elektrownia Ostrołęka sp. z o.o. only following consent of the General Meeting of Shareholders of Elektrownia Ostrołęka sp. z o.o.