C.N.T.E.E. Transelectrica

Legal Proceedings Report • May 18, 2017

Current report as per the provisions of article 82 from Law 24/2017 Date of the report: 15 May 2017 Name of Issuer Company: CNTEE TRANSELECTRICA SA, company managed in 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 Euros with subsidiary SMART Sibiu SA.

Penalties:	In case the Provider fails to comply with his obligations assumed under Contract according to the clause(s) regarding the provision term(s), the Purchaser will calculate and the Provider will pay penalties amounting to 0.1% equivalent for each day of delay from the value of non-provided
	services. The maximum amount of such penalties will not exceed 15% of the Contractual value.
	In the immediately following day after the contractual term the Provider is in full delay right without being necessary a notification to him thereof.
	The Provider owes delay penalties even if he executes the main obligation.
	The calculated penalties will be paid based on an invoice from the Purchaser. The Provider will
	pay the penalty invoice(s) within maximum 30 days from notification. In case the Provider fails to pay the penalty invoice(s) within the term provided above the Purchaser is entitled to issue claims
	on the performance bond and/or to withhold the sum representing the penalty value from the monetary liabilities of the Purchaser to the Provider;
Mutual liabilities:	None;
Terms of payment:	30 days from the registration date with the Purchaser.

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.