Disclosure of delayed inside information regarding start the process of gaining a branch investor to the realization of off-shore wind power plants by Baltic Power sp. z o.o.

• 9 June 2020:

“PKN ORLEN S.A. (“Company") announces that on 9 June 2020 it approved the selection of Northland Power Inc. headquartered in Toronto as the sole entity with which the Company will be negotiating acquisition by Northland Power Inc. 49% of shares in Baltic Power sp. z o.o. and determining the terms of further cooperation with PKN ORLEN in investment project consisting of project, build and operate by Baltic Power sp. z o.o. an offshore wind farm located in the Polish Exclusive Economic Zone on the Baltic Sea with planned power of 1200 MW (“Project”).

The Company’s Management Board gave also consent on conclusion with Northland Power Inc. of term sheet determining basic principles of cooperation of the parties in the Project.

PKN ORLEN S.A. holds 100% of the shares in Baltic Power sp. z o.o.”

• 19 January 2021:

“PKN ORLEN S.A. (“Company") announces that on 19 January 2021 the Company’s Management Board has decided to conclude by PKN ORLEN a joint venture agreement with NP BALTIC WIND B.V. headquartered in Amsterdam, the Netherlands (“NP BALTIC WIND B.V.”), a company from the Northland Power Inc capital group, to gain a branch investor to the realization of the common investment consisting of project, build and operate by Baltic Power sp. z o.o., headquartered in Warsaw (“Baltic Power”) an offshore wind farm located in the Polish Exclusive Economic Zone on the Baltic Sea with maximum power up to 1200 MW (“Agreement”).

The Company’s Management Board applied for the consent of the Supervisory Board for concluding the Agreement by the Company.

PKN ORLEN S.A. holds 100% of the shares in Baltic Power.”

• 28 January 2021:

“PKN ORLEN S.A. (“Company") announces that on 28 January 2021 the Company’s Supervisory Board gave consent to conclude by PKN ORLEN a joint venture agreement with NP BALTIC WIND B.V. headquartered in Amsterdam, the Netherlands (“NP BALTIC WIND B.V.”), a company from the Northland Power Inc capital group, to gain a branch investor to the realization of the common investment consisting of project, build and operate by Baltic Power sp. z o.o., headquartered in Warsaw (“Baltic Power”) an offshore wind farm located in the Polish Exclusive Economic Zone on the Baltic Sea with maximum power up to 1200 MW (“Agreement”).

Before signing the Agreement the consent of Baltic Power shareholders meeting is required.

PKN ORLEN S.A. holds 100% of the shares in Baltic Power.”

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