C.N.T.E.E. Transelectrica

Regulatory Filings • Dec 19, 2019

To the: Bucharest Stock Exchange – Department of Operations Issuers Regulated Markets Financial Supervisory Authority - General Directorate Supervision – Issuers Division

Current report according to the provisions of Law 24/2017, Regulation 5/2018 of ASF and the BVB Code Date of the report: December 19, 2019 Name of Issuer Company: CNTEE TRANSELECTRICA SA, managed under two-tier system Headquarters: Boulevard Gheorghe Magheru 33, Bucharest 1 Working location: Str. Olteni 2-4, Bucharest 3 Phone / fax numbers: 021 30 35 611 / 021 30 35 610 Single registration Code: 13328043 LEI code: 254900OLXCOUQC90M036 Number in the Trade Register: J40/8060/2000 Share capital subscribed and paid: 733.031.420 RON Regulated market where the issued securities are transacted: Bucharest Stock Exchange

Communiqué: Fitch reconfirms the BBB rating, stable outlook and simultaneously withdraws the rating for commercial considerations

The National Power Grid Company Transelectrica SA informs the shareholders and stakeholders the international credit rating agency Fitch Ratings reconfirmed the Company's long-term rating on 19 December 2019, at the level of the one awarded in 2018, namely 'BBB', stable outlook.

This credit rating opinion conveys the sound business profile of Transelectrica as transmission & system operator with revenues supported by the regulated asset base (RAB), and by the prudent responsible approach in performing operational activities.

Such qualification is a notch above the sovereign one (BBB-/stable).

At the same time Fitch Ratings withdraws the long-term rating awarded to Transelectrica for commercial considerations.

The full report can be consulted on Fitch Ratings' official site: https://www.fitchratings.com/site/pr/10105794

For the time being the Company is assessed and monitored by the rating agency Moody's Investors Service.

Claudia – Gina ANASTASE Andreea - Georgiana FLOREA

Executive Director General Directorate Chairperson

Directorate Member

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.