PGE Polska Grupa Energetyczna S.A. („parent company”, „the Company”, „PGE S.A.”) was founded on the basis of the Notary Deed of August 2, 1990 and registered in the District Court in Warsaw, XVI Commercial Department on September 28, 1990. The Company was registered in the National Court Register of the District Court for the capital city of Warsaw, XII Commercial Department, under no. KRS 0000059307. The parent company is seated in Warsaw, 2 Mysia Street.

As at January 1, 2016 the composition of the Company’s Management Board was as follows::

• Marek Woszczyk – the President of the Management Board
• Jacek Drozd – the Vice-President of the Management Board,
• Grzegorz Krystek – the Vice-President of the Management Board,
• Dariusz Marzec – the Vice-President of the Management Board.

From January 1, 2016 till December 31, 2016 the following changes occurred in the composition of the Management Board:

• On January 29, 2016 the Supervisory Board recalled Mr. Jacek Drozd and Mr. Dariusz Marzec from the Management Board and delegated its member – Mr. Marek Pastuszko – to temporarily perform the duties of Vice-President of the Management Board for the 3-month period.
• On February 25, 2016 the Supervisory Board cancelled delegation of Mr. Marek Pastuszko to temporarily perform the duties of Member of the Management Board and appointed him to the position of Vice-President of the Management Board.
• On February 26,2016 the Supervisory Board appointed Mr. Emil Wojtowicz to the Management Board as from March 15,2016 entrusting him the position of Vice-President of the Management Board and appointed Mr. Ryszard Wasiłek to the Management Board as from March 7,2016 entrusting him the position of Vice-President of the Management Board.
• On March 2, 2016 Mr. Marek Woszczyk and Mr. Grzegorz Krystek submitted resignations from their positions in the Management Board as from March 30, 2016.
• On March 22, 2016 Mr. Paweł Śliwa submitted his resignation from the Supervisory Board and the Supervisory Board appointed four members of the Management Board as from March 31, 2016: Mr. Henryk Baranowski, entrusting him the position of President of the Management Boad and Ms. Marta Gajęcka, Mr. Bolesław Jankowski and Mr. Paweł Śliwa to the positions of Vice-Presidents of the Management Board.

As at December 31,2016 the composition of the Company’s Management Board was as follows:

• Henryk Baranowski – the President of the Management Board,
• Marta Gajęcka – the Vice-President of the Management Board,
• Bolesław Jankowski – the Vice-President of the Management Board,
• Marek Pastuszko – the Vice-President of the Management Board,
• Paweł Śliwa – the Vice-President of the Management Board,
• Ryszard Wasiłek – the Vice-President of the Management Board,
• Emil Wojtowicz – the Vice-President of the Management Board.

After the reporting date, on February 13, 2017, the Supervisory Board recalled all Members of Management Board effective from February 13, 2017. At the same time, the Supervisory Board appointed the following individuals to the 10th term of the Management Board effective from February 14, 2017: Mr. Henryk Baranowski, entrusting him the position of President of the Management Board, Mr. Bolesław Jankowski, Mr. Wojciech Kowalczyk, Mr. Marek Pastuszko, Mr. Paweł Śliwa, Mr. Ryszard Wasiłek and Mr. Emil Wojtowicz to the positions of Vice-Presidents of the Management Board.

As at the date of publication of these financial statements the composition of the Company’s Management Board is as follows:

• Henryk Baranowski – the President of the Management Board,
• Bolesław Jankowski – the Vice-President of the Management Board,
• Wojciech Kowalczyk – the Vice-President of the Management Board,
• Marek Pastuszko – the Vice-President of the Management Board,
• Paweł Śliwa – the Vice-President of the Management Board,
• Ryszard Wasiłek – the Vice-President of the Management Board,
• Emil Wojtowicz – the Vice-President of the Management Board.   

Ownership structure

As at December 31, 2016 the ownership structure of the parent company is as follows:

Ownership structure for particular reporting dates was presented in accordance with all information obtained and available for the Company.

As of March 30, 2016 the State Treasury transferred 18,697,608 shares, constituting 1% of the share capital of the Company. According to information received from the Ministry of the State Treasury, after the transaction the State Treasury holds 57.39% in the share capital of the Company. According to information available in the Company as at the date of publication of these financial statements the sole shareholder who holds at least 5% of votes at the General Meeting of PGE S.A. is the State Treasury.