Zespól Elektrocieplowni Wroclawskich KOGENERACJA S A : Changes in composition of the Audit Committee

EBI system

Wrocław, 21.02.2020

Current report 1/2020_EBI

Subject: Changes in composition of the Audit Committee

Acting as persons authorized to represent Zespół Elektrociepłowni Wrocławskich KOGENERACJA S.A. we hereby report that due to delegating Mr. Radosław Woszczyk to temporarily perform the activities of the Member of the Management Board, the Supervisory Board, acting on the basis of §13 (3) of the Regulations of the Supervisory Board, appointed on 21 February 2020, from among its members Mrs. Hanna Mazurkiewicz to the Audit Committee.

Therefore, as of 21 February 2020, the Audit Committee shall include the following:

1. Mr. Maciej Jankiewicz - Chairman of the Audit Committee,
2. Mrs. Hanna Mazurkiewicz - Member of the Audit Committee,
3. Mr. Piotr Szczepiórkowski - Member of the Audit Committee,

4. Mr. Radosław Woszczyk - Member of the Audit Committee delegated to temporarily perform the activities of the President of the Management Board from 21 February 2020

The Members of the Audit Committee that meet the independence criteria in line with art. 129 sec. 3 of the Act of 11 May 2017 on statutory auditors, audit firms and public oversight are the Chairman of the Audit Committee Mr. Maciej Jankiewicz and the member of Audit Committee Mr. Piotr Szczepiórkowski.

The members of the Audit Committee have the knowledge and experience in the field of accountancy and the sector in which the Company operates.

Legal basis: other regulations, §29 section 3 of the Regulations of the Warsaw Stock Exchange