CONCLUSION OF A LOAN AGREEMENT BY THE ISSUER, CANCELLATION AND PREPAYMENT OF AN EARLIER LOAN

The Management Board of the company under the name of Polenergia S.A. (the “Issuer”) hereby announces that on 18 February 2025 the Issuer:

• concluded with Bank Polska Kasa Opieki S.A. and BNP Paribas Bank Polska S.A. (the “Lenders”) a revolving credit agreement for up to PLN 300,000,000 for the period ending on 5 June 2026 (the “RCF 2025 Agreement”); and
• submitted a declaration of cancellation and prepayment of the loan granted under the revolving credit agreement for up to PLN 300,000,000 dated 5 June 2023 concluded with Santander Bank Polska S.A. and Bank Polska Kasa Opieki S.A. (the “RCF 2023 Agreement”), the conclusion of which was announced by the Issuer in stock exchange report No. 22/2023 of 5 June 2023.

The RCF 2025 Agreement provides that the loan granted under it may be used to repay the debt under the RCF 2023 Agreement and finance the Issuer’s current operations.

The contractual provisions do not differ from the market terms commonly used for this type of agreement. The RCF 2025 Agreement provides for the obligation to meet standard conditions precedent for the payment of the loan in this type of transaction.

The interest rate on the loan granted under the RCF 2025 Agreement will be calculated on the basis of a variable interest rate based on the appropriate WIBOR rate increased by a margin. The loan margin may be adjusted depending on the average level of loan use in the previous interest period, in accordance with the table specified in the agreement.

In connection with the RCF 2025 Agreement, the Issuer will submit to the Lenders declarations of submission to enforcement and will establish registered and financial pledges on its bank accounts.

legal basis: art. 17 sec. 1 of the 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 (Journal of Laws of the EU, L. of 2014, No. 173, p. 1, as amended).

Management Board of the Company