AGREEMENT TERMINATION NOTICES

Polenergia SA (‘Company’) hereby announces that on 23rd March 2015 the Company’s subsidiaries: Amon Spółka z ograniczoną odpowiedzialnością (‘Amon’) and Talia Spółka z ograniczoną odpowiedzialnością (‘Talia’) (hereinafter collectively referred to as the ‘Companies’) received from Polska Energia – Polska Kompania Handlowa Spółka z ograniczoną odpowiedzialnością w likwidacji (‘PKH’) a notice of termination by PKH of the following:

–    Agreement of Sale of Property Rights Resulting from the Certificates of Origin for Electricity Generated from the Renewable Energy Source – Łukaszów Wind Farm of 23rd December 2009 and Agreement of Sale of Electricity Generated in the Renewable Energy Source – Łukaszów Wind Farm of 23rd December 2009, as regards Amon,

–    Agreement of Sale of Property Rights Resulting from the Certificates of Origin for Electricity Generated from the Renewable Energy Source – Modlikowice Wind Farm of 23rd December 2009 and Agreement of Sale of Electricity Generated in the Renewable Energy Source – Modlikowice Wind Farm of 23rd December 2009, as regards Talia.

PKH statements of termination of the above-mentioned agreements are devoid of any factual support or basis in law and, as such, ineffective. The Companies shall take any steps stipulated by law in order to protect their interests against unlawful actions of PKH.

The current activities of PKH are aimed at evading the implementation of the commitments entered into by PKH under the agreements, which builds further on the actions taken up to date by PKH and Tauron to achieve the same goal.