CONCLUSION OF TURBINE SUPPLY AGREEMENT AND MAINTENANCE AGREEMENT FOR THE DĘBSK WIND FARM

In reference to current reports No. 14/2020 of 29 May 2020 and 15/2020 of 4 June 2020, the Management Board of Polenergia S.A. (“Issuer”) hereby reports that on 19 June 2020, Polenergia Farma Wiatrowa 3 Spółka z ograniczoną odpowiedzialnością (“Farma Wiatrowa”) concluded with Vestas Poland Sp. z o.o.:

1. an agreement for supply, installation and start-up of 55 V110 2.2 wind turbines with the capacity of 2.2 MW each (in total, 121 MW). Performance of the agreement is foreseen in the period from October 2020 to June 2022.

2.  an agreement for maintenance and availability of wind turbines (“AOM)” for Farma Wiatrowa. The AOM refers to the provision of maintenance services for the above-mentioned wind turbines for a period of 30 years from the start-up date, including performance of planned inspections, repairs, delivery of means of support and spare parts, remote supervision and other associated activities.

Vestas Polans Sp. Z o.o. also guarantees a proper level of turbine availability as part of the maintenance agreement and in case of failure to fulfil such requirements, will be forced to pay compensation to Farma Wiatrowa.