PGE Polska Grupa Energetyczna S A : Presentation from the Management Board conference of September 29, 2021

Q2 & H1 2021

Financial and Operating Results

September 29, 2021

2

Wojciech Dąbrowski

President and CEO

PGE Polska Grupa Energetyczna

3 PGE and non-financial disclosures

• Growing importance of non-financial reporting in the PGE Group
• • Publication of the PGE Group's Integrated Report for 2020;
  • First reporting in Carbon Disclosure Project - information provided in the field of "Climate change" and "Protection of water resources";
  • Initiating works on the precise calculation of the PGE Group's carbon footprint - results in the non-financial report for 2021.

4 Summary of activities

• PGE first effects of the restructuring of the PGE Group;
• PGE Group's good financial results for 1H2021;
• Year after the publication of the Strategy, its implementation takes shape.

5 Offshore wind energy

• Offshore wind farms are the key investment project of the PGE Group
• • assumptions implemented in 2021 by PGE:
  • Transaction with Ørsted completed;
  • Decision of the President of the ERO on support for the Baltica Offshore Wind Farm obtained;
  • Notification to the European Commission submitted;
  • Preparation of applications for new location permits - finalization process;
  • Selection of Société Générale as financial advisor for arrangement of financing;
  • Launch of a tender for wind turbine generators;
  • Launch of cooperation with Tauron and Enea in the area of further offshore wind projects and with three research centers in the area of education;
  • Signing of Polish Offshore Sector Deal.