Communication of PSE S.A. on November 12th, 2015 on results of unilateral monthly auction of transmission capacities on Polish-Ukrainian interconnection (line 220kV Zamość-Dobrotwór) for DECEMBER 2015

PSE S.A., acting as Auction Office conducted between 23th October 2015 – 13th November 2015 unilateral monthly auction of transmission capacities on Polish-Ukrainian interconnection (line 220kV Zamość-Dobrotwór) for Reservation Period since 1st December 2015 till 31st December 2015.

PSE S.A. offered on auction for December 2015 on Polish-Ukrainian interconnection transmission capacities in direction UKRENERGO->PSE, in the amount of 220 MW for Reservation Period, with the exception that for Reservation Subperiod from 0:00 21st December 2015 to 24:00 23rd December 2015 Offered Capacities were reduced to 150 MW and for Reservation Subperiod from 0:00 25sh December 2015 to 06:00 28th December 2015 Offered Capacities were reduced to 0 MW.

On 12th November 2015 at 12:00 the deadline for placing Bids has expired. Two Auction Participants were registered and one bid was submitted during the auction for transmission capacities on Polish-Ukrainian interconnection for December 2015.

As a result of the auction PSE S.A. allocated transmission capacities in auction for December 2015 (for Reservation Period since 1st December 2015 till 31st December 2015) on PSE S.A. - NEK UKRENERGO interconnection, in direction NEK UKRENERGO->PSE, in the amount of 220 with the exception that for Reservation Subperiod from 0:00 21st December 2015 to 24:00 23rd December 2015 Allocated Capacities were reduced to 150 MW and for Reservation Subperiod from 0:00 25sh December 2015 to 06:00 28th December 2015 Allocated Capacities were reduced to 0 MW.

Auction Price was 0,02 PLN/MWh.

PSE S.A. informs, that the Results of unilateral monthly auction of transmission capacities on PSE S.A. - NEK UKRENERGO interconnection for December 2015 are published on its website (www.pse.pl).