Mutual consent to terminate the agreement with auditor

Current report No. 25/2023

Date: 28 September 2023

Subject: Mutual consent to terminate the agreement with auditor

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

The Management Board of Energa SA (_quot;Company_quot;) informs that on 28 September 2023 the Company and Deloitte Audyt sp. z o.o. sp.k. headquartered in Warsaw ("Auditor") signed a mutual consent to terminate the agreement for auditing and reviewing financial statements (_quot;Agreement_quot;) concluded on 12 July 2022.

The Agreement was entered into for the duration of the Auditor's performance of work covered by the subject matter of the Agreement for years 2022 and 2023.

On the base of the Agreement, the Auditor, among others, audited and reviewed the following financial statements prepared in accordance with the International Financial Reporting Standards approved by the European Union and other applicable laws:

- the annual separate financial statements of the Company and the annual consolidated financial statements of the Energa Capital Group (_quot;Group_quot;) for the years 2022 and 2023,

- interim separate financial statements of the Company and interim consolidated financial statements of the Group for the first half of 2022 and 2023.

The decision to terminate the Agreement was made by both parties of the Agreement. The Agreement has been terminated due to the Auditor's inability to perform the Agreement for reasons attributable to the Auditor, which resulted from the decision of the Polish Agency for Audit Oversight, imposing on the Auditor a temporary prohibition of the provision of services covered by national professional standards.

A the same time the Company informs that there were no instances of expressing in the reports on the audit of financial statements or consolidated financial statements, either opinions with disclaimer, nor negative opinions, nor refusal to express opinions. There were also no cases of expressing in the reports on the review of condensed financial statements or condensed consolidated financial statements, either conclusions with disclaimer, nor subject to negative conclusions, nor refusal to express conclusions.

During the term of the Agreement, there were no discrepancies regarding the interpretation and application of the law or the provisions of the Company's Articles of Association regarding the subject matter and scope of the audit, review or other services between the Company's Management Board and the Auditor who performed the audit, review or other services regarding the Company's financial statements or the Group's consolidated financial statements.

The Auditor's letter (Polish version) addressed to the Polish Financial Supervision Authority, containing an explanation of the reasons for termination of the Agreement is attached to this current report herein.