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18/01/2017 18:59

Current report 1/2017

The Management Board of Polenergia S.A. (‘Company’) hereby announces that on 18th January 2017 GET EnTra Sp. z o.o. and the Company’s subsidiaries, i.e. Polenergia Elektrociepłownia Nowa Sarzyna Sp. z o.o. (‘ENS’) and Polenergia Obrót S.A. (‘POLO’), contracted transactions relating to electricity sales and trading for 2018 and 2019. It was done through annexes: when it comes to ENS – an annex to the agreement of 21st March 2008 on sales of electricity between ENS and GET EnTra Sp. z o.o. extending the period of its validity until the end of 2019, and – as far as POLO is concerned – an annex to the agreement of 21st April 2011on sales of electricity (‘Sales Agreement’) extending the period of its validity until the end of 2019 as well. Thus, the contracted transactions for electricity sales and trading in the years 2018–2019 between the Company’s subsidiaries and GET EnTra Sp. z o.o. amount to, according to the estimated value, net PLN 480 million. This amount includes both the contracted income pursuant to the sale of electricity to GET EnTra Sp. z o.o. and the contracted costs arising from the purchase of electricity from the selected contractor.

Moreover, the Company announces that the highest-value agreement in terms of commercial transactions contracted for 2018 and 2019 between entities of the Company’s group and GET EnTra Sp. z o.o. is the Sales Agreement. The Sales Agreement was concluded on the basis of the EFET framework agreement of 9th June 2009 (‘Framework Agreement’). The Company informed of the Sales Agreement and Framework Agreement in Current Reports No. 38/2015 of 17th November 2015 and No. 22/2016 of 10th October 2016.

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