ADDITIONAL INFORMATION ON THE COMPLETED PUBLIC OFFERING (OFFERING COST)

The Management Board of the company under the name Polenergia S.A. (hereinafter: the “Issuer” or the “Company”) announces supplementary information on the completed public offering (hereinafter: the “Offering”) of 10,416,667 Series AB ordinary bearer shares with a nominal value of PLN 2.00 each (the “Offered Shares”) communicated in current report No. 43/2023 dated 19 October 2023.

All capitalised terms not defined in this current report shall have the meaning given to them in the Company’s prospectus approved by the Polish Financial Supervision Authority on 11 September 2023 together with published supplements and update announcements (hereinafter: the “Prospectus”).

12. Amount of total costs which were included in the costs of issue

The total cost of the issue of the Offer Shares amounted to KPLN 3,761 net, including the costs of:

• preparation and conduct of the Offering – KPLN 2,882 net
• remuneration of the underwriters, for each separately – not applicable
• preparation of the Prospectus, including costs of advisory services – KPLN 821 net
• promotion of the Offering – KPLN 58 net

The total cost of conducting the Offering indicated above has been settled through equity.

13. Average cost of subscription per Offer Share

The average cost of conducting the subscription was PLN 0.36 net per each Offered Share.

Legal disclaimer:

This current report and the information contained herein is for informational purposes only and  shall not be relied upon as a basis for a decision to invest in the shares of the Company and therefore does not constitute, nor should it be construed as, an offer, solicitation or invitation to sell or issue, or an offer, solicitation or invitation to underwrite, purchase or otherwise acquire securities of the Company or an inducement / recommendation to undertake investment activities.

The Prospectus of the Company approved by the Polish Financial Supervision Authority on 11 September 2023 constitutes, together with all published supplements and update communications  to the Prospectus, the only legally binding document containing information about  the Company and the public offering of the Company’s Series AB ordinary bearer shares. The Prospectus was made available to the public on 11 September 2023 in electronic form on the Company’s website (https://www.polenergia.pl/dla-inwestorow/oferta-publiczna-shares/public-offering-share-2023/) and, for information purposes only, on the website of the investment company intermediating in the Offering (Santander Bank Polska S.A. Santander Biuro Maklerskie).

This current report and the information contained herein is not intended to be published, announced or distributed, directly or indirectly, in or into the United States of America or any other country in which the public dissemination of the information contained in this material may be restricted or prohibited by law.

The securities referred to in this material have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended [Name of the legal basis given  in English, according to the US legal bases]  and may not be offered or sold in the United States except in transactions not subject to the registration requirements of the U.S. Securities Act or pursuant to an exemption from such registration requirements.

Legal basis: § 16(1) of the Regulation of the Polish Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and conditions for recognising as equivalent information required by  the laws applicable in a non-member state.