ISSUER’S SUBSIDIARY ENTERS INTO A vPPA AGREEMENT

The Management Board of the company Polenergia S.A. (“Issuer“) announces that on 29 January  2026, as part of the implementation of the Development Program, the Issuer’s subsidiary, i.e. Polenergia Farma Fotowoltaiczna 2 sp. z o.o. (PV farm) (“RES-Originating Energy Producer”) entered into a 15-year virtual power purchase agreement (“vPPA” or “Agreement”) with a global company.

The vPPA agreement is a financial contract covering 100% of the energy generated by the RES-Originating Energy Producer,  a PV farm with an installed capacity of 34.65 MWac (“Facility“). The agreement also covers the sale by the Facility  to the Buyer of environmental attributes, understood as any environmental benefits resulting from renewable electrical energy, currently being Guarantees of Origin. The RES-Originating Energy Producer plans to start generating energy in the beginning of the second  quarter of 2027 at the latest.

The Issuer estimates that the vPPA agreement secures the total revenue of the project from the sale of electricity and Guarantees of Origin throughout the entire term of the Agreement at the anticipated level of approximately PLN 130,000,000 – 180 000 000 net.

The vPPA agreement contains provisions consistent with industry standards.

The signing of a long-term energy sales agreement with a reputable customer is in line with the Polenergia Group’s Strategy for the years 2025-2030, as announced by the Issuer in its current report No. 15/2025 of 25 March 2025.

Legal basis: Article 17(1) of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council on market abuse 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