EXECUTION OF THE FACILITIES AGRREEMENT FOR THE PV RAJKOWY PROJECT

The Management Board of the company Polenergia S.A. (“Issuer“) hereby informs that on 19 December 2025 the Issuer’s subsidiary — Polenergia Farma Fotowoltaiczna 2 sp. z o.o., developing the Rajkowy photovoltaic farm project with a total installed capacity of up to 35 MWp, as borrower (“Borrower“) and mBank S.A. as lender (“Lender“), entered into a facilities agreement (“Facilities Agreement“).

Under the Facilities Agreement, the Lender will provide the Borrower with:

• a term facility up to a total of EUR 11,217,867.00 to finance the construction of the Rajkowy photovoltaic farm;
• a VAT facility up to a maximum total amount of PLN 10,000,000.00 and
• a DSR facility up to a maximum total amount of EUR 800,000.00.

The Facilities Agreement provides for the establishment of a standard security package used in project finance transactions, which includes, without limitation, a statement of submission to enforcement and a registered pledge on a collection of movables and rights established by the Borrower and a registered and financial pledge on shares of the Borrower, as well as statements of submission to enforcement established by the Issuer.

The Facilities Agreement provides for the repayment of the term facility and the DSR facility no later than 15 years from the date of project completion or by 16 December 2041 (whichever is earlier), and the VAT facility within six months from the date of final construction settlement, but no later than 31 May 2027. The interest rate on the facilities has been determined based on the EURIBOR reference rate for the term facility and the DSR facility and WIBOR for the VAT facility, plus the Lender’s margin.

The terms and conditions of the Facilities Agreement, including those relating to security for the drawdowns and termination of the Facilities Agreement are in line with those applied in this type of transaction.

legal basis: Article 17(1) of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council dated 16 April 2014 on market abuse (the Market Abuse Regulation) 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, as amended.

Issuer’s Management Board