SUPPLEMENT TO GENERAL ASSEMBLY AGENDA DUE TO SHAREHOLDER’S REQUEST

Polish Energy Partners S.A. (hereinafter the “Company”) hereby informs that until 23 February 2001, the Company received by e-mail the following requests to supplement the agenda of the Annual General Shareholders Meeting convened for 16 March 2011 (the “General Shareholders Meeting”):

1) The request made by Pioneer Fundusz Inwestycyjny Otwarty managed by Pioneer Pekao Investment Management S.A. (“Pioneer”) to supplement the agenda of the General Shareholders Meeting with an additional item reading as follows: “Adoption of resolutions regarding changes in the composition of the Company’s Supervisory Board”;

2) The request made by Investment Funds managed and represented pursuant to the Law of 27 May 2004 on Investment Funds (Journal of Laws No. 146, Item 1546, as amended) by PKO Towarzystwo Funduszy Inwestycyjnych S.A., with its registered office in Warsaw (“PKO TFI”) to supplement the agenda of the General Shareholders Meeting with the following items (1) adoption of a resolution regarding the appointment of a member of the Supervisory Board, and (2) adoption of a resolution regarding the determination of the remuneration of a member of the Supervisory Board.

In view of the foregoing , the agenda of the Meeting was supplemented with additional items marked as Item 14, 15 and 16 and, as a consequence, the entire agenda of the Meeting shall now read as follows:

1. Opening of the General Shareholders Meeting;
2. Appointment of the Chairman of the General Shareholders Meeting;
3. Confirmation that the General Shareholders Meeting was duly convened and is capable of adopting valid resolutions, and adoption of the Meeting’s agenda;
4. Consideration and endorsement of the Management Board’s Report on the Company’s Activity in the financial year 2010;
5. Consideration and endorsement of the Company’s financial statements for the financial year 2010;
6. Adoption of a resolution regarding the endorsement of the Management Board’s report on the activity of the Capital Group in 2010;
7. Adoption of a resolution regarding the endorsement of the 2010 consolidated financial statements;
8. Adoption of a resolution regarding the endorsement of the record of performance of the Management Board members in the fulfillment of their duties in the financial year 2010;
9. Adoption of a resolution regarding the endorsement of the record of performance of the Supervisory Board members in the fulfillment of their duties in the financial year 2010;
10. Adoption of a resolution regarding the distribution of profits generated in the financial year 2010;
11. Adoption of a resolution regarding the appointment of the Chairman of the Supervisory Board;
12. Adoption of a resolution regarding the remuneration of the Chairman of the Supervisory Board;
13. Adoption of a resolution regarding the following:

13. • Share capital increase by way of issuing Y Series Shares in a public offering with the exclusion of the pre-emptive rights;
    • Admission and introduction of the Y Series Shares and the rights to the Y Series Shares to trading on the regulated market and depositing them in a dematerialized form;
    • Amendments to the Corporate Charter of the Company related to the share capital increase;
    • Authorization of the Supervisory Board to adopt the amended and restated Corporate Charter of the Company.
14. Adoption of resolutions regarding changes in the composition of the Company’s Supervisory Board;
15. Adoption of a resolution regarding the appointment of a member of the Supervisory Board;
16. Adoption of a resolution regarding the determination of the remuneration for a member of the Supervisory Board;
17. Closing of the Meeting.

Additionally, Pioneer presented the Company with draft resolutions related to the newly-added item of the agenda and its own draft of Item 12 of the agenda of the general Shareholders Meeting. PKO TFI also submitted draft resolutions regarding the newly-added items of the agenda. The contents of the draft resolutions submitted by Pioneer and PKO TFI was published by the Company on its website at www.pepsa.com.pl, and, additionally, appended to the present report.