NOTICE OF CHANGE IN SHAREHOLDING

Polenergia S.A. (‘Company’) hereby informs that on 26th May 2015 the Company received the undermentioned notifications concerning changes in the Company’s shareholding as a result of disposing by Mansa Investments Sp. z o.o. (‘Mansa’) of 7 000 000 shares of the Company, entitling to 7 000 000 votes at the Company’s General Meeting, representing 15.40% of the total number of the Company’s shares and 15.40% of the total number of votes at the Company’s General Meeting:

1)    a notification from Mansa, in accordance with which, following the above-mentioned disposal of the Company’s shares, Mansa holds 22 811 757 shares of the Company, entitling to 22 811 757 votes at the Company’s General Meeting, representing 50.20% of the total number of the Company’s shares and 50.20% of the total number of votes at the Company’s General Meeting;

2)    a notification from Polenergia Holding S.a.r.l. with its seat in Luxembourg (‘PH’), in accordance with which, following the above-mentioned disposal of the Company’s shares, PH indirectly, via Mansa, holds 22 811 757 shares of the Company, entitling to 22 811 757 votes at the Company’s General Meeting, representing 50.20% of the total number of the Company’s shares and 50.20% of the total number of votes at the Company’s General Meeting;

3)    a notification from Kulczyk Investments S.A. with its seat in Luxembourg (‘KI’) in accordance with which, following the above-mentioned disposal of the Company’s shares, KI indirectly, via Mansa, holds 22 811 757 shares of the Company, entitling to 22 811 757 votes at the Company’s General Meeting, representing 50.20% of the total number of the Company’s shares and 50.20% of the total number of votes at the Company’s General Meeting.

According to the notification submitted to the Company, prior to the above-mentioned event:

1)    Mansa held 29 811 757 shares of the Company, entitling to 29 811 757 votes at the Company’s General Meeting, representing 65.6% of the total number of the Company’s shares and 65.6% of the total number of votes at the Company’s General Meeting;

2)    KI and PH held indirectly, via Mansa, 29 811 757 shares of the Company, entitling to 29 811 757 votes at the Company’s General Meeting, representing 65.6% of the total number of the Company’s shares and 65.6% of the total number of votes at the Company’s General Meeting.

The Company was also notified that neither Mansa nor PH nor KI has intention to further increase its share in the total number of votes, but still does not exclude such possibility.