C.N.T.E.E. Transelectrica

Board/Management Information • May 31, 2017

To the: Bucharest Stock Exchange – Department of Operations Issuers Regulated Markets

Financial Supervision Authority - General Directorate Supervision - Issuers Division

Current report according to the provisions of Law 24/2017, Regulation 1/2006 of CNVM and BVB Code Date of the report: 31 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

Important event to report: Changes in the Company's governance team

The National Power Grid Company Transelectrica SA informs the shareholders and investors that in accordance with its attributions as per statutory and legal provisions the Supervisory Board decided at the meeting of 31 May 2017, by Decisions 48/2017 and 51/2017, as follows:

• Mr Cristian-Eugen RADU is elected Supervisory Board Chairman;
• Taking into account that Mr Ion-Toni TEAU's capacity of Directorate member and Chairman ends on 31.05.2017, and by 31 May 2017 Mr Luca-Nicolae IACOBICI has not expressly accepted the mandate of Directorate member, in order to ensure the Company's activity continuity, beginning June 1 st 2017 Mrs Georgeta-Corina POPESCU is appointed Directorate Chairwoman, (alternatively called Executive Director General or Chief Executive Officer – CEO) of the National Power Grid Company Transelectrica SA.

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