POLENERGIA SA (10/2018) Ineffective termination of mediation between subsidiaries Polenergia S.A. and Eolos Polska sp. z o. o.

The Management Board of Polenergia S.A. ("Issuer"), acting pursuant to art. 17 sec. 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directives 2003/124 / EC, 2003/125 / EC and 2004/72 / EC (Journal of Laws of the EU, No. 1 of 2014, No. 173, page 1, as amended), informs that on April 26, 2018, the Issuer's subsidiaries, ie Certificates sp. Z oo, Polenergia Obrót ARE and Polenergia Usługi sp. z o.o. ("Subsidiaries") a letter was submitted to the mediator conducting mediation between Subsidiaries and Eolos Polska sp. O.o. ( "Eolos"). Mediation turned out to be ineffective and was completed, and the dispute will be continued in court proceedings before the District Court in Warsaw. In the context of the above dispute, Eolos demands jointly and severally payable amounts of PLN 27,895.009 by the Subsidiary Undertakings with statutory interest in connection with the alleged non-performance of contracts that expired on January 5, 2016. The Issuer reported on the expiration of contracts current report no. 1/2016 of January 5, 2016. In response to a claim, the Subsidiaries claim that the claim is totally unfounded, and Polenergia Obrót SA and Polenergia Usługi sp. z o.o question the basis of their alleged joint and several liability for the liabilities of Certificates sp. o.o. indicated by Eolos.

Source: company website, investor relations, current and periodic reports.

Company information
Company name:Polenergia SA
Adress: ul. Krucza 24/26 00-526 Warszawa
Phone:+48 22 5223900

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