DISPOSAL OF THE COMPANY SHARES

Polish Energy Partners Spółka Akcyjna (‘Company’) hereby informs that on 30th January 2012 the Company received a notification from Quercus Towarzystwo Funduszy Inwestycyjnych S.A., in accordance with which Quercus Parasolowy SFIO, Quercus Absolute Return FIZ and Quercus Absolutnego Zwrotu FIZ (‘Quercus Funds’) disposed of the Company shares as a result of which Quercus Funds hold, as at 30th January 2012, a total of 1 020 842 shares of the Company, representing 4.79% of the Company share capital, and 1 020 842 votes at the Company General Assembly, i.e. 4.79% of the total number of votes. Before the said transaction of 27th January 2012, which resulted in Quercus Funds achieving the above-mentioned share in the Company, Quercus Funds held a total of 1 070 842 shares of the Company, representing 5.02% of the Company share capital, and 1 070 842 votes at the Company General Assembly, i.e. 5.02% of the total number of votes.