C.N.T.E.E. Transelectrica

Related Party Transaction • Jul 12, 2016

Current report as per the provisions of article 225 from Law 297/2004 Date of the report: 11 July 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 signign a contract amounting to more than 50,000 Euro with subsidiary SMART SA.

No. 18 / 08.07.2016.
CNTEE Transelectrica SA, Transmission Branch Sibiu as purchaser
SC SMART SA as provider
Work execution to replace the 110/20 kV, 10 MVA transformer from Fantanele substation according to the design documentation
1,156,853.05 Lei VAT free, including sundry and unforeseen expenses
Performance bond of the contract amounting to 110,931.45 Lei, constituted by successive withholding from the amounts the purchaser owes for partial invoices
In case the Provider fails to comply with his contractual obligations the Purchaser will calculate and the Provider will pay penalty interest, corresponding as percentage to the interest rate owed for default of payment to the state budget, valid on the date when the penalty interest is calculated, applied to the contractual price for each day of delay beginning with the day following the liability date until payment date (inclusive). The total amount of penalties cannot exceed the contractual price.
In case the Purchaser fails to pay the Provider's invoices on the terms agreed under contract, the Purchaser owes to the Provider, besides the outstanding sum, penalty interest to such sum corresponding as percentage to the interest rate owed for default of payment to the state budget, valid on the date when the penalty interest is calculated for each day of delay beginning with the day following the due date until payment date (inclusive). The total amount of penalties cannot exceed the contractual price.
None.
30 days from the Purchaser's registration date of the fiscal invoice under observance of 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