Lease Executed

Following the competitive Phase II adjudication, the Orlen Group received a final decision from Poland’s Minister of Infrastructure in October 2023 granting five new seabed licences for offshore wind farms with a total capacity of about 5.2 GW. These licences cover four locations on the Odra Bank, including area 14.E.4, and one site near Choczewo (46.E.1). Orlen Neptun’s corporate materials state that all four Odra Bank locations, including Orlen Neptun IV’s 14.E.4 plot of roughly 150 km² and about 1,200 MW potential capacity, "have already obtained the location permit (PSzW) and terms of connection". This Ministry decision constitutes execution of the PSzW seabed siting permit for Orlen Neptun IV, formally allocating the 14.E.4 area to the project SPV and securing long‑term rights to construct and operate artificial islands and structures there.