PEPSA Wind Portfolio

repaying

Translated version of this PSD: Polish The Project’s transition impact stems from three factors: (i) the demonstration effect of new replicable behaviour and activities by helping to build the Project during the continuing regulatory uncertainty period in Poland and sending a strong demonstration signal of bankability of such projects, (ii) setting standards for corporate governance and business conduct, through promoting progress towards meeting the EU’s green energy targets and the use of best environmental practices; and (iii) expansion of a competitive market, through a market based approach to the sale of electricity and green certificates, and therefore contributing to increased liquidity and transparency of the Polish energy market. “Grupa PEP – Farma Wiatrowa 1 Sp. z o.o.”, “Grupa PEP – Farma Wiatrowa 4 Sp. z o.o.” and “Grupa PEP – Farma Wiatrowa 6 Sp. z o.o.” private limited liability partnerships (together the “Borrowers” are special purpose companies incorporated in Poland and fully owned by the Polenergia S.A. (formerly Polish Energy Partners S.A.), a leading local renewable energy player and an independent energy producer, listed on the Warsaw Stock Exchange, approx. 66% indirectly owned by Kulczyk Investments Group. Provision of a limited-recourse long-term financing denominated in Polish Zloty, in the amount of up to PLN 325 million (EUR 77 million equivalent), including PLN 33 million (EUR 8 million) for the extension, representing up to 35% of the total Project cost that will be used for the financing of construction and operation of the Project (incl. the extension). The remaining funding for the Project is provided by a co-lender and the Sponsor. Approx. PLN 930 million (EUR 221 million, incl. VAT). Environmental classification and rationale None. For project and financial matters, Mr Michal Kozlowski, Polish Energy Partners S.A., Tel: +48 22 390 81 00