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RECEIPT BY A SUBSIDIARY COMPANY OF...

RECEIPT BY A SUBSIDIARY COMPANY OF A CALL FOR PAYMENT

15/06/2022 20:31

The Management Board of Polenergia S.A. (“Issuer“) informs that on 15 June 2022 it became aware of the receipt by a subsidiary company of the Issuer – Polenergia Obrót S.A. (“POLO“) from Jeronimo Martins Polska S.A. (“JMP“) a call for payment of PLN 3,501,380.00 and PLN 36,027,198.00, i.e. a total of PLN 39,528,578.00 (“Call for payment“), within 7 days of the date of delivery of the Call for payment.

The Call for payment is laconic and does not clearly indicate the legal and factual grounds for the claims.

The Call for payment is based on two electricity sales agreements of 23 September 2021 (both agreements collectively referred to as “Agreements“), which are analogous in terms of content, and which concern the supply of electricity by POLO to JMP commercial facilities indicated in the Agreements. The Agreements have been terminated by POLO and will be terminated on 30 June 2022.

The Issuer considers that the claims made are without merit.

To the extent required by applicable law, the Issuer will publish further information on the Call for payment.

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 (OJ EU. L. 2014, No. 173, p. 1, as further amended)

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