RECEIVING LETTER FROM FUNDS REGARDING INVITATION TO SELL POLENERGIA S.A. SHARES ANNOUNCED ON 27 AUGUST 2018 BY MS. DOMINIKA KULCZYK AND MANSA INVESTMENTS SP. Z O.O.

The Management Board of Polenergia S.A. (‘Issuer’), 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 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), hereby announces that on 10th October 2018 it received a letter addressed to Ms. Dominika Kulczyk and Mansa Investments sp. z o.o. (jointly ‘Inviting Entities’), with a carbon copy to the Issuer, from: (i) Otwarty Fundusz Emerytalny Generali OFE, represented by Generali Powszechne Towarzystwo Emerytalne S.A. seated in Warsaw, (ii) Nationale-Nederlanden Otwarty Fundusz Emerytalny, represented by Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. seated in Warsaw, (iii) Aviva Otwarty Fundusz Emerytalny Aviva BZ WBK, represented by AVIVA Powszechne Towarzystwo Emerytalne AVIVA BZ WBK seated in Warsaw (jointly ‘Funds’).

In the letter the Funds stated that the price proposed in the invitation to sell the Issuer’s shares, announced by the Inviting Entities on 27th August 2018 (‘Invitation’), does not reflect the fair value of the Issuer’s shares. Therefore, each of the Funds separately declared to the Inviting Entities, and committed itself before other Funds to not selling the Issuer’s shares in the Invitation at PLN 20.50 per share. At the same time, the Funds stated that they had not made any other commitments to one another.