ARRANGEMENT OF DATE OF CONCLUSION OF FINAL AGREEMENT TRANSFERRING 50% OF SHARES IN COMPANIES CONDUCTING OFFSHORE WIND FARM PROJECTS TO STATOIL HOLDING NETHERLANDS B.V

With reference to Current Reports No. 4/2018 of 5th March 2018, No. 7/2018 of 21st April 2018 and No. 11/2018 of 27th April 2018, the Management Board of Polenergia S.A. (‘Company’ or ‘Polenergia’), acting pursuant to Art. 17 (1) of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (OJ L 173, 2014, p. 1, as amended, hereinafter referred to as ‘MAR’), hereby informs that on 2nd May 2018, the Company and Statoil Holding Netherlands B.V. (‘Statoil Holding Netherlands’) agreed on a date of concluding the final agreement transferring the ownership of 50% of shares (‘Shares’) held by the Company in each of the following companies: (i) Polenergia Bałtyk II sp. z o.o. and (ii) Polenergia Bałtyk III sp. z o.o. (jointly ‘SPV’), which carry out projects of the construction of offshore wind farms in the Baltic Sea.

In accordance with the previously provided information, the Company and Statoil Holding Netherlands concluded a preliminary conditional SPV Share sale agreement (‘Preliminary Agreement’). The conclusion of the final agreement transferring the ownership of the Shares was subject to satisfaction of conditions precedent, including (i) obtaining by each party of an unconditional consent of the President of the Office of Competition and Consumer Protection for realization of the transaction and (ii) obtaining by Polenergia and the SPV of a legally binding registration of resolutions on an increase of the share capital by amending the articles of association of each of the SPV that were made prior to the conclusion of the Preliminary Agreement.

In face of fulfillment of both of the conditions precedent, the Company and Statoil Holding Netherlands agreed on the date of concluding the final agreement as at 22nd May 2018.