DISPOSAL OF THE COMPANY SHARES

Polish Energy Partners Spółka Akcyjna (‘Company’) hereby informs that on 5th October 2012 the Company received a notification from Pioneer Pekao Investment Management S.A. (‘PPIM’), in accordance with which, as a result of disposal of the Company shares on 1st October 2012: 1) the total number of the Company shares held by all PPIM customers decreased and now amounts to 1 066 505 shares of the Company, i.e. 5.004% of the Company share capital and of the total number of votes at the Company General Assembly. Before the said transaction those entities held a total of 2 301 160 shares of the Company, i.e. 10.80% of the Company share capital and of the total number of votes at the Company General Assembly; 2) the total number of the Company shares held by (i) Pioneer Fundusz Inwestycyjny Otwarty (‘Pioneer FIO’) and (ii) Specjalistyczny Fundusz Inwestycyjny Otwarty Telekomunikacji Polskiej decreased and now amounts to 1 040 451 shares of the Company, i.e. 4.88% of the Company share capital and of the total number of votes at the Company General Assembly. Before the said transaction those entities held a total of 2 245 451 shares of the Company, i.e. 10.54% of the Company share capital and of the total number of votes at the Company General Assembly; 3) the number of the Company shares held by Pioneer FIO decreased and now amounts to 982 154 shares of the Company, i.e. 4.61% of the Company share capital and of the total number of votes at the Company General Assembly. Before the said transaction Pioneer FIO held 2 137 154 shares of the Company, i.e. 10.03% of the Company share capital and of the total number of votes at the Company General Assembly.