CR no 2/2017 on 20.01.2017 06:35PM. Information about the conclusion of a subscription agreement for shares of Polimex-Mostostal S.A., issued for the increase of the share capital and about conclusion of a purchase of shares of Polimex-Mostostal S.A. from SPV Operator sp. z o.o.

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• No. of the report:2/2017
• Report date:20.01.2017 06:35PM CEST
• Report legal ground:Art. 17 ust. 1 MAR - informacje poufne.

In connection with the current report no 1/2017 dated January 18, 2017 (the 'Report'), the Management Board of PGE Polska Grupa Energetyczna S.A. (the 'Company') discloses that on January 20, 2017, in connection with fulfilment of conditions precedent from the investment agreement concluded on January 18, 2017 (the 'Investment Agreement'), the Company accepted the offer submitted by the management board of Polimex-Mostostal S.A. ('Polimex') for acquisition in private placement of 37,500,000 series T ordinary bearer shares with a nominal value of PLN 2 each issued by Polimex with the issue price amounting to PLN 2 for one share and with the total issue price of PLN 75,000,000.

In addition, the Company discloses that in result of the execution of the agreement with SPV Operator sp. z o.o. ('SPV Operator'), on January 20, 2017, in connection with fulfilment of conditions precedent indicated in the Investment Agreement, the Company acquired 1,500,001 shares of Polimex from SPV Operator.

Date	Name	Position and function
20.01.2017	Ryszard Wasiłek	Vice-President of the Management Board
20.01.2017	Marta Gajęcka	Vice-President of the Management Board