The Management Board of PGE Polska Grupa Energetyczna S.A. (PGE) discloses that on April 7, 2021 it has taken information, that the President of the Energy Regulatory Office has awarded right to cover negative balance of electricity (the “Contract for Difference”, “CfD”) to the Baltica 3 and Baltica 2 offshore wind farms with a total capacity of up to 2.5 GW. The right to the CfD guarantees a price at a maximum of PLN 319.60/MWh in accordance with the Decree of the Minister of Climate and Environment of Poland and the Act of December 17, 2020 on promoting electricity generation in offshore wind farms. The CfD award is subject to final approval from the European Commission. Baltica 2 and Baltica 3 projects are being developed by PGE as two parts of the larger project Baltica offshore wind farm in co-operation with Ørsted on the ground of the investment agreement, about which PGE informed in its current report no. 3/2021 dated February 10, 2021.