The Management Board of PGE Polska Grupa Energetyczna S.A. (the “PGE”) advises that it has received information that on February 02, 2010 the Meeting of Shareholders of Elektrownia Turów B.V with its registered office in Amsterdam, the Netherlands (the “Subsidiary”) decided to dissolve and liquidate the Subsidiary. Ms. Danuta Zienowicz became a liquidator. It is assumed that liquidation and removal of Subsidiary from proper registers shall take place in April 2010.

The Subsidiary is PGE's dependent entity under the accounting regulations binding on the Issuer, however in view of the insignificance of its balance sheet total and revenues, the Subsidiary is not consolidated in the PGE’s financial statements. The shareholder of the Subsidiary is PGE Elektrownia Turów S.A., which is subsidiary of PGE (PGE Elektrownia Turów S.A. has 100% of Subsidiary's shares and 100% of the total votes).

Legal ground: § 5 section 1 p. 24 and § 30 p. 18 of the Regulation of the Polish Minister of Finance of February 19, 2009 on current and periodic information published by issuers of securities and on conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state. (Dziennik Ustaw of 2009 No. 33, item 259 as amended).

Signatures of PGE representatives