CONCLUSION OF ANNEX TO MULTI-PURPOSE CREDIT LIMIT AGREEMENT

The Management Board of the company operating under the business name of Polenergia S.A. (“Issuer”), in reference to current report No. 42/2021 of 10 November 2021, hereby reports that on 18 January 2023, the Issuer’s subsidiary – Polenergia Obrót S.A. (“POLO”) entered into, with Deutsche Bank Polska S.A. with its registered office in Warsaw, an annex to the agreement on multi-purpose credit limit of 10 November 2021 (“Annex”). The Annex stipulates an increase in the credit limit up to the total amount of PLN 200 million as part of which an overdraft facility was made available and a guarantee limit. The Annex was entered into for a fixed term of 12 months with a possibility of extension onto subsequent crediting periods. In relation to the above, the Issuer increased the guarantee up to the amount of PLN 100 million.

Originally, the credit agreement stipulated granting a multi-purpose credit agreement to POLO in the amount of PLN 100 million, while the Issuer’s guarantee was PLN 30 million.

Legal basis: Art. 17(1) of Regulation of the European Parliament and Council (EU) No. 596/2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Journal of Laws of the European Union L of 2014, No. 173, p. 1 as amended).