On September 16, 2016 PGE Polska Grupa Energetyczna S.A., together with Energa S.A., Enea S.A., and PGNiG Termika S.A. (“Business Partners”) jointly submitted to EDF an initial, non-binding offer for purchase of conventional generation and heat and power plant assets.

Due to the fact that initial offer was applicable until December 2016, PGE Polska Grupa Energetyczna S.A., together with Energa S.A., Enea S.A. and PGNiG Termika S.A. submitted on November 30, 2016 a conditional offer concerning a purchase of EDF’s assets to maintain a willingness of further participation in the sale process.

On January 27, 2017 PGE Polska Grupa Energetyczna S.A. together with ENEA S.A., Energa S.A. and PGNiG Termika S.A. signed a Memorandum of Understanding with EDF concerning conducting negotiations to purchase EDF’s assets located in Poland and related due diligence procedures.