Current Report No. 3/2015

Date of preparation: 13 March 2015

Topic: Resolutions of ENERGA SA Management Board and Supervisory Board on the proposal of 2014 net profit appropriation

Legal grounds: Art. 56 section 1 item 1 of the Act on Offerings – confidential information

The ENERGA SA Management Board ("Company") hereby announces that on 12 March it adopted a resolution on the motion of the net profit distribution for the 2014 financial year and the Supervisory Board under its resolution of 12 March 2015 positively assessed the Management Board motion.

According to the long–term dividend policy presented to investors and announced in the prospectus approved by the Polish Financial Supervision Authority on 15 November 2013 prepared in connection with the initial public offering and the application for admission to trading on the regulated market of ENERGA SA, the Management Board declared that intends to recommend a dividend payout to the Shareholder Meeting in the amount of PLN 500 m for 2014.

After analyzing the Company’s financial results and market conditions, the Management Board resolved to propose a higher dividend payout to shareholders than indicated by the dividend policy, and the Supervisory Board positively assessed the motion to the ENERGA SA Shareholder Meeting to distribute the net profit for 2014 in the amount of PLN 650 538 620.29, as follows:

1) to allocate PLN 596 256 644.16, i.e. PLN 1.44 per share, representing 91.7% of net profit as a dividend payout to the Company’s shareholders;

2) to allocate the remaining amount of PLN 54 281 976.13, i.e. 8.3% of net profit to statutory reserve capital.

The proposed dividend payout will not result in delays of the investment plans execution and will not affect the ENERGA Group’s ability to pursue its growth strategy and to maintain investment credit rating by the rating agencies.

Legal grounds:

§ 38 section 1 item 11 of the Finance Minister’s Regulation of 19 February 2009 on the current and periodic information conveyed by securities issuers and the conditions for recognizing the information required by the regulations of a non-member state as being equivalent.