15.04.2015 13:20

​In reference to current reports No. 38/2014 dated 3 September 2014 on signing Shareholders' Agreement as part of nuclear power plant preparation and construction project and 39/2014 dated 9 October 2014 concerning consent to concentrate business given by the President of the Office for Competition and Consumer Protection, the Management Board of TAURON Polska Energia S.A. ("TAURON", "Company") informs that on 15 April 2015 the Company and Polska Grupa Energetyczna S.A. ("PGE"), KGHM Polska Miedź S.A. ("KGHM") and ENEA S.A. ("ENEA") signed agreement for purchase of shares in PGE EJ 1 sp. z o.o. ("PGE EJ 1") ("Agreement") - a special purpose vehicle responsible for development and execution of investment covering construction and operation of the first Polish nuclear power plant of approx. 3,000 MWe capacity ("Project"). TAURON, KGHM and ENEA purchased from PGE 10% of shares each (30% of shares in total) in PGE EJ 1. TAURON will pay for the shares the amount of PLN 16 million.

Pursuant to Shareholders' Agreement dated 3 September 2014 parties will jointly, proportionally to the amount of shares held, finance operations under the preliminary stage of the Project ("Preliminary Stage"). The purpose of the Preliminary Stage is to define such elements as prospective partners, including strategic partner, technology supplier, EPC (Engineering, Procurement, Construction) contractor, nuclear fuel supplier and obtaining funds for the Project, as well as organizational and competence related preparation of PGE EJ 1 to the role of future operator of nuclear power plant responsible for its safe and efficient operation ("Integrated Procedure").

Parties to the Shareholders' Agreement estimate that further decisions concerning the Project, including decisions on declaring participation of individual parties in further stages of the Project should be taken after completion of the Preliminary Stage, directly before completion of the Integrated Procedure.

Article 56 section 5 of the Act on Public Offering - update of information

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