Changes in the Management Board of Energa SA

Current Report No. 33/2021

Date: 27 October 2021

Subject: Changes in the Management Board of Energa SA

Legal basis: Art. 56 section 1 point 2 of the Act on Offerings – current and periodic information

The Management Board of Energa SA (“Company”) informs that on 27 October 2021 the Supervisory Board of the Company appointed Ms. Iwona Waksmundzka-Olejniczak to hold as of 27 October 2021 the position of the President of the Company’s Management Board of the 6th term of office, in place of the position of the Vice-President of the Management Board for Corporate Affairs held so far.

The Company below provides information on Ms. Iwona Waksmundzka-Olejniczak.

Ms. Iwona Waksmundzka-Olejniczak – President of the Management Board of Energa SA

Ms. Iwona Waksmundzka-Olejniczak is a professional manager with long-standing experience in implementing business activities as well as managing large teams and corporate structures, in particular in the oil & gas and banking sectors. She has an in-depth knowledge of the rules of the financial and capital markets, corporate governance, management of large projects as well as building and implementing company strategies.

She has been a Member of the Energa SA’s Management Board since 7 May 2020. She joined PKN ORLEN S.A. in February 2018, first as director of the Investor Relations Office, and since February 2019 as Executive Director for Strategy, Innovation and Investor Relations. Her responsibilities in this position include, among others, the development and implementation of the PKN ORLEN strategy (including R&D strategy), supervision over the implementation of strategic projects, preparation and execution of integration projects, co-creation and implementation of the company's strategy in the field of capital investments as well as the design and execution of the information policy and relations with capital market participants.

Ms. Iwona Waksmundzka-Olejniczak has also an extensive experience in the banking sector. In 2016-2017, in managerial positions at Bank Ochrony Środowiska S.A., she supervised the bank’s private banking and subsequently corporate banking business. From 2013 to 2016, as manager at Plus Bank S.A., she was responsible for the creation, design and execution of the marketing strategy and external communication policy. In 2002-2012, she worked for Invest Bank S.A., where she managed the retail banking and was responsible for the development of the product offer as well as design and execution of the bank’s strategy. From 2001 to 2002 she was the key account manager at ComputerLand. Earlier she worked for Bank Współpracy Europejskiej, where she was responsible for key account relationships.

She is a graduate of the Cracow University of Economics (Management and Marketing) and the University of Insurance and Banking in Warsaw (Finance and Banking). She holds an Executive MBA diploma awarded by the University of Commerce and Services in Poznań. She also completed a postgraduate Project Management programme at the Warsaw School of Economics. She is certified as a Financial Adviser by the European Financial Planning Association. She completed a wide range of courses and trainings in the field of financial market, project management and managerial skills.

She serves on the supervisory boards of UNIPETROL, a.s., ORLEN Upstream Sp. z o.o. and is the Vice Chairperson of the Supervisory Board at Baltic Power sp. z o.o.

Ms. Iwona Waksmundzka-Olejniczak is not engaged in any form of business activity competitive to Energa SA, does not participate in a competitive company or partnership, as a partner of a civil law partnership, a partnership or as a member of a company body and does not participate in any other competitive legal person as a member of its body as well as she is not listed in the Register of Insolvent Debtors maintained under the National Register Court Act.