APPROVAL OF THE POLENERGIA S.A. PROSPECTUS

The Management Board of the company, under its business name Polenergia S.A. (the “Company“), hereby announces that on September 11, 2023, the Polish Financial Supervision Authority approved the Company’s prospectus drawn up in connection with the public offering of 10,416,667 newly issued ordinary bearer shares of series AB with a nominal value of PLN 2 each (the “Offered Shares“) (the “Offer“) along with the Company’s application for the admission and introduction of the Offered Shares to trading on the regulated market (primary market) operated by the Warsaw Stock Exchange, for no more than 10,416,667 rights to the Offered Shares and 66,802,246 individual preemptive rights to the Offered Shares (the “Prospectus“).

The Prospectus will be published on September 11, 2023 in electronic form on the Company’s website (https://www.polenergia.pl/) and additionally, for information purposes only, on the website of the investment company acting as a broker in the Offer (Santander Bank Polska S.A. – Santander Brokerage House).

Legal Disclaimer:

This current report and the information contained herein are for informational purposes only, and cannot constitute a basis for making a decision to invest in the Company’s shares, and therefore do not constitute and should not be construed as an offer, solicitation or invitation to sell or issue, or an offer, an attempt to solicit or an invitation to underwrite, purchase or otherwise acquire the Company’s securities or an encouragement/recommendation to undertake investment activities.

Once approved by the Polish Financial Supervision Authority, the Prospectus, together with all published supplements and updates to the Prospectus, constitutes the only legally-binding document containing information about the Company and the Offer.

This current report and the information contained herein are not intended for publication, advertising or dissemination, directly or indirectly, in or into the United States of America or any other country where public dissemination of the information contained herein 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 and may not be offered or sold in the United States of America except in a transaction not subject to the registration requirements of the Securities Act or pursuant to an exemption from such registration requirements.

legal basis: Art. 17 (1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.