Appointment of the Management Board of Energa SA for the new common term of office

Current Report No. 10/2022

Date: 30 March 2022

Subject: Appointment of the Management Board of Energa SA for the new common term of office

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 30 March 2022 the Supervisory Board of the Company appointed the following persons to the Company's Management Board for the new common 7th term of office:

- Ms. Iwona Waksmundzka-Olejniczak to the position of the President of the Management Board,

- Mr. Michał Perlik to the position of the Vice-President of the Management Board for Finance,

- Ms. Adrianna Sikorska to the position of the Vice-President of the Management Board for Communication,

- Mr. Janusz Szurski to the position of the Vice-President of the Management Board for Corporate Affairs,

- Mr. Dominik Wadecki to the position of the Vice-President of the Management Board for Operations.

The appointment of the above mentioned persons to the Management Board of the Company of the 7th term of office will become effective on the day following the day the General Meeting of the Company approving the Company's financial statements for the financial year 2021.

The Company below provides information on Members of the Company's Management Board of the 7th term of office:

Ms. Iwona Waksmundzka-Olejniczak - President of the Management Board

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 _amp; 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_amp;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.

Mr. Michał Perlik to the position of the Vice-President of the Management Board for Finance

He has 20 years of experience in management of accounting, reporting, controlling, treasury, strategy, M_amp;A and investor relations areas.

He joined the ORLEN Group in March 2018. From February 2019 to April 2020, he held the position of Director of the Strategy Office at PKN ORLEN S.A., where he coordinated strategic projects implemented in the Group. Since 2020, he has held the position of Executive Director of Financial Management at PKN ORLEN S.A., and he is responsible for managing accounting and reporting, treasury, market risk and compliance in relation to financial regulations such as AML and sanctions. In addition, he is responsible for coordinating the process of integrating the finance areas of the Energa Group and the ORLEN Group.

Prior to joining the ORLEN Group, he held managerial positions in many companies and financial institutions. From 2016 to 2018, as Director of Finance and Business Development at Cosmedica Sp. z o.o., he was responsible for, among others, the financial management of the group and the coordination and implementation of strategic projects. Being a director at PKO Bank Hipoteczny S.A. between 2015 and 2016, he managed the areas of controlling and investor relations. From 2008 to 2015, he worked at CEPD N.V. Holding, where he was responsible, inter alia, for the management of the holding's finances, coordination and active participation in M_amp;A processes and carrying out projects in the field of sales efficiency growth. He was the head of investor relations teams in PZU S.A. (in 2002-2007) and ING Bank Śląski S.A. (in 2007-2008).

He is a graduate of the University of Warsaw (Accounting and Finance and Postgraduate Studies in Insurance) and Łazarski University.

Ms. Adrianna Sikorska to the position of the Vice-President of the Management Board for Communication

Vice-President of the Management Board of Energa since 17 December 2019. In charge of communication, corporate social responsibility, sponsorship and marketing activities.

Ms. Adrianna Sikorska is a manager with about a dozen years' professional experience in the areas of information, analysis and security. She has hands-on knowledge of building communication strategies, and knowledge of the financial mechanisms of businesses. Adrianna has experience in the key areas of operational business management, i.e. communication, security, finance, logistics and human resources.

In the years 2016 to 2019, she held board and managerial positions in the energy sector, being professionally associated with PKN ORLEN Capital Group entities. In the years 2013 to 2016, she provided consulting services in the areas of risk detection, business irregularities and their elimination. In the years 2007 to 2013, she was an economic analysis expert with the Central Anti-Corruption Bureau (CBA). From 1993 to 2007, she held specialist and expert positions with the Police.

She completed her postgraduate Executive MBA studies at the University of Commerce and Services in Poznań. She graduated from the School of Entrepreneurship in Warsaw, the Lublin University of Technology, and the Police Academy in Szczytno.

Mr. Janusz Szurski to the position of the Vice-President of the Management Board for Corporate Affairs

He has been a Member of the Energa SA's Management Board since 15 November 2021. Manager responsible for handling complex projects and teams, and attorney-at-law with over 20 years' professional experience in providing professional legal, corporate, and regulatory services to major commercial law entities and public institutions.

Professionally associated with PKN ORLEN S.A. since February 2018 as Director of the Legal Office, with responsibilities including the provision of legal services to over 30 ORLEN Capital Group companies operating in Europe, Asia and North America. Chairman of the Supervisory Board of ANWIL S.A. and ENERGA-OPERATOR S.A. as well as Deputy Chairman of the Supervisory Board of ORLEN Unipetrol a.s. Director of the Legal Office at Energa SA between July 2017 and February 2018.

From 2004 to 2017, he held the position of attorney-at-law, Deputy Director, and Director of the Legal Department at the Agency for Restructuring and Modernization of Agriculture, where he was responsible for providing comprehensive legal and litigation services to Europe's largest accredited paying agency implementing transformation processes and pursuing activities oriented towards the development of Polish agriculture and rural areas. Between 1999 and 2003, employed as a legal advisor in the area of organization, investment and operation at PTC Sp. z o.o. (currently T-Mobile Polska S.A).

Graduate of the Faculty of Law and Administration, University of Warsaw; completed his attorney-at-law training at the District Bar Association of Attorneys-at-Law in Warsaw. Holder of an Executive MBA diploma awarded by the Gdańsk Foundation for Management Development in cooperation with the University of Gdańsk; validated by IAE Aix-en-Provence Graduate School of Management. In December 2019, he was recognized among the best lawyers in Central and Eastern Europe (Legal 500/GC Powerlist ranking) in the _quot;Energy _amp; Utilities in Poland_quot; category.

Mr. Dominik Wadecki to the position of the Vice-President of the Management Board for Operations

He has been a Member of the Energa SA's Management Board since 31 May 2019. Graduate of the Faculty of Law of the Catholic University of Lublin. Completed controller apprenticeship at the Supreme Audit Office with honours and postgraduate studies at the Collegium of Business Administration of the SGH Warsaw School of Economics. Holder of an Executive MBA diploma awarded by Collegium Humanum.

He began his professional career in 1997 in the banking sector, working for Pierwszy Komercyjny Bank S.A. in Lublin. From 1999 to 2007, he worked for the Supreme Audit Office, where he was responsible for examining the implementation of the state budget and monetary policy, privatization of banks, operation of capital market supervision authorities, the investment operations of banks, and the effectiveness of the tax relief and exemptions system. Has been involved in the energy sector since 2008. As an internal auditor at Polska Grupa Energetyczna, he examined the full range of operations of the companies belonging to the group, and participated in the development of the PGE operating model. In 2010, he was a member of the Supervisory Board and of the Management Board of PGE Zamojska Korporacja Energetyczna S.A. He gained executive experience at PGE Polska Grupa Energetyczna, as well as at Polska Spółka Gazownictwa sp. z o.o. and the National Fund for Environmental Protection and Water Management. Has worked for the Energa Group since 2017. He worked at Energa Logistyka Sp. z o.o. as the managing director, a management board member and, most recently, as the president of the management board.

None of the above mentioned persons is engaged in any activities competitive to the business of the Company, participates in any competitive company as a partner of a partnership or as a member of a body of a corporation, or participates in any other competitive legal person as a member of its corporate bodies, neither is any of them listed in the Registry of Insolvent Debtors maintained pursuant to the Act on the National Court Register.