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12/15/2019 5:51:12 AM
 
 
 

Current Report No. 3/2018

26.02.2018 15:30

Selection of the certified auditor

Management Board of TAURON Polska Energia S.A. (”Company”) announces that on February 26, 2018 the Company’s Supervisory Board, taking into account the recommendation of the Audit Committee, selected the audit company Ernst & Young Audyt Polska Limited Liability Company Limited Joint-Stock Partnership (”Ernst & Young”) to conduct an audit of the standalone and consolidated financial statements of TAURON Polska Energia S.A. for the financial year 2018 and a review of the interim standalone and consolidated financial statements of TAURON Polska Energia S.A. for the six months ending on June 30, 2018.

The seat of Ernst & Young is located in Warsaw at the address: Rondo ONZ 1, 00-124 Warsaw. Ernst & Young was placed on the list of entities authorized to audit financial statements at number 130. The services provided by Ernst & Young so far for the Company included audits of the standalone and consolidated financial statements of the Company for the years from 2008 to 2012 and for 2017, and reviews of the interim standalone and consolidated financial statements of the Company for the six-month periods ending on June 30 in the individual years from 2010 to 2012 and in 2017. The Company also used advisory and training services provided by Ernst & Young, to the extent in line with the applicable legal regulations in force and not causing the limiting of the level of impartiality and independence of the auditor.

The selection of the audit company was made in accordance with the applicable regulations in force and professional standards.

The selection of Ernst & Young to conduct an audit of the standalone and consolidated financial statements of the Company took place in conjunction with the need to bring the agreement concluded with Ernst & Young on auditing the financial statements for the financial year 2017 in line with the requirements of the regulations of art. 66 clause 5 of the law of September 29, 1994 on accounting in the version given by the law of May 11, 2017 on certified auditors, audit companies and public supervision, including with respect to the period for which the first audit agreement should be concluded (i.e. for a period not shorter than 2 years).

An amendment to the agreement with Ernst & Young will be concluded for the period required to complete the entrusted activities.

Legal basis: § 5 clause 1 item 19 of the Ordinance of the Minister of Finance of February 19, 2009 on the current and periodic information disclosed by issuers of securities and the conditions of deeming as equivalent the information required by the legal regulations of a non-member state.
 

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