Affirmation of the rating granted by Fitch

Statement re TAURON's ratings

5 October 2023

TAURON Polska Energia S.A.

LEI No: 259400NAPDFBOTNCRL54

Affirmation of the ratings granted by Fitch Ratings agency

TAURON Polska Energia S.A. ("Issuer") informs that on October 5, 2023, Fitch Ratings agency ("Fitch") affirmed Company's long-term foreign and local currency ratings at "BBB-" with stable outlook.

The full list of rating actions includes:

- long-term local and foreign currency IDRs (Issuer Default Ratings) affirmed at "BBB-", stable outlook,

- short-term local and foreign currency IDRs affirmed at "F3",

- national long-term rating affirmed at "A(pol)", stable outlook,

- EUR 500 million Eurobonds foreign currency senior unsecured unsubordinated rating affirmed at "BBB-",

- EUR 190 million hybrid bonds (European Investment Bank - "EIB") rating affirmed at "BB",

- PLN 750 million hybrid bonds (EIB) rating affirmed at "BB",

- PLN 400 million hybrid bonds and hybrid bond issue program (Bank Gospodarstwa Krajowego) rating affirmed at "BB", while the national rating of the same program and bonds affirmed at "BBB(pol)".

Fitch report is available on the website: www.fitchratings.com 

Legal basis:

Art. 17, section 1 of the MAR Regulation - inside information.