CR no 55/2016 on 16.09.2016 03:47PM. Submission of an initial offer with partners for EDF assets in Poland.

• No. of the report:55/2016
• Report date:16.09.2016 03:47PM CEST
• Report legal ground:Art. 17 ust. 1 MAR - informacje poufne.

The Management Board of PGE Polska Grupa Energetyczna S.A. ('PGE') discloses that on September 16, 2016 PGE together with Enea S.A., Energa S.A. and PGNiG Termika S.A. (the 'Business Partners') jointly submitted to EDF International SAS ('EDF') an initial, non-binding offer for purchase of shares and stakes in EDF subsidiaries in Poland, possessing conventional generation assets and operating a service business.

These assets encompass in particular:

- Rybnik power plant;

- CHP in Kraków, CHP in Gdańsk, CHP in Gdynia, CHP and district heating network in Toruń;

- CHPs and district heating network in Wrocław metropolitan area; CHP and district heating network in Zielona Góra (belonging to the company Zespół Elektrociepłowni Wrocławskich Kogeneracja S.A. and its subsidiary Elektrociepłownia Zielona Góra S.A.);

- Investment in gas-fired unit in Toruń (as a part of EDF Gaz Toruń sp. z o.o.).

In case of admission to the next stage of the transaction, the Business Partners will conduct a detailed due-diligence which will be the basis for the decision about further steps in the transaction, including submitting of the potential binding offer, after obtaining required corporate approvals.

Legal ground: art. 17 section 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse 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.