C.N.T.E.E. Transelectrica

Related Party Transaction • Feb 26, 2016

Current report as per the provisions of article 225 from Law 297/2004 Date of the report: 26 February 2016 Name of Issuer Company: CNTEE TRANSELECTRICA SA, managed under two tier system Headquarters: Bucharest 1, Blvd. Magheru no. 33 Working location: Bucharest 3, Str. Olteni no. 2-4 Phone / fax numbers: 4021 3035 611 / 4021 3035 610 Single registration code: 13328043 Number in the Commercial Register: J40/8060/2000 Share capital subscribed and paid: 733,031,420 Lei Regulated market where the issued securities are transacted: Bucharest Stock Exchange

Event to report

The National Power Grid Company Transelectrica SA informs the shareholders and investors about its signing a contract amounting to more than 50,000 Euro with subsidiary SMART SA.

No. 3 / 24.02.2016
CNTEE Transelectrica SA, Transmission Branch Sibiu, as purchaser
SC SMART SA, as contractor
Executing the work for the 110 kV connections Codlea - CET and Bartolomeu - Harman into the 400/110 kV substation Brasov, according to the design documents
344,000.00 Lei VAT free, including sundry and overhead expenses
Contractual performance bond amounting to 31,272.73 Lei, constituted by means of successive withholding from the sums the purchaser owes for partial invoices
In case the Contractor fails to carry out its liabilities assumed under contract, the Purchaser will calculate and the Contractor will pay penalty interest, corresponding as percentage to the interest rate owed for default payment of liabilities to the state budget, applicable to the contractual price for each day of delay beginning with that following the due date until payment beings (inclusive). The total amount of penalties cannot exceed the contractual price.
In case the Purchaser does not pay the Contractor-issued invoices upon the dates agreed under contract, the Purchaser owes to the Contractor, besides the invoiced sum, penalty interest to the invoice amount, corresponding as percentage to the interest rate owed for default payment of liabilities to the state budget, applicable to the invoiced sum owed for each day of delay, beginning with that following the due date until payment beings (inclusive). The total amount of penalties will not exceed the sum owed.
None
30 days from fiscal invoice registration at the Purchaser's according to contractual clauses

Ion-Toni TEAU

Executive Director General Directorate Chairman

LANGUAGE DISCLAIMER: This document represents the English version of the original official Romanian document filed with the Financial Supervisory Authority ASF. The English version has been created for English readers' convenience. Reasonable efforts have been made to provide an accurate translation, however, discrepancies may occur. The Romanian version of this document is the original official document. Any discrepancies or differences created in the translation are not binding. If any questions arise related to the accuracy of the information contained in the English version, please refer to the Romanian version of the document which is the official version.