NOTIFICATION ON RECEIPT OF SHAREHOLDERS’ DECLARATION

The Management Board of Polenergia S.A. with its registered office in Warsaw (“Issuer”) hereby reports that on 28 December, the Issuer received a copy of the following declaration:

1. Aviva Otwarty Fundusz Emerytalny Aviva Santander represented by AVIVA Powszechne Towarzystwo Emerytalne AVIVA Santander S.A.

2. Generali Otwarty Fundusz Emerytalny represented by Generali Powszechne Towarzystwo Emerytalne S.A.

3. Nationale-Nederlanden Otwarty Fundusz Emerytalny represented by Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. (hereinafter jointly the “Funds”), pursuant to which the Funds indicated that the price proposed in the summons announced on 6 November 2020 for sale of Issuer’s shares (“Summons”) does not reflect the Issuer’s fair value. In relation to the above, each of the Funds separately declared with respect to BIF IV Europe Holdings Limited and Mansa Investments Sp. z o.o. and became liable towards other Funds not to sell the Issuer’s shares in the Summons at the price of PLN 47.00 per share.

Legal basis: Art. 17(1) of Regulation of the European Parliament and Council (EU) No. 596/2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Journal of Laws of the European Union L of 2014, No. 173, p. 1 as amended).