Soecietatea Energetica Electrica S.A.

Capital/Financing Update • Mar 21, 2023

National Storage Mechanism | Additional information

RNS Number : 7549T

Societatea Energetica Electrica SA

21 March 2023

ANNOUNCEMENT

The Electrica Group, through its subsidiary Distributie Energie Electrica Romania SA (DEER), has concluded a loan agreement with the European Bank for Reconstruction and Development (EBRD).

The loan of RON 180 million, guaranteed by the parent company Electrica S.A., will support the financing of the operator's liquidity needs. DEER will continue its electricity distribution activity to Romanian consumers without interruptions and will also continue investments in the electricity network to ensure the integration of additional renewable energy production.

Alexandru Chiriță, CEO Electrica S.A.: "Given the strategy of diversifying the financing sources at the level of Electrica Group in the context of financing its current activity, pre-financing of the support scheme, but also the financing of the opportunities for business development and of the plans for further investment in the distribution network, the continuation of the partnership with EBRD allows us, through this new term loan with a maturity of 5 years, to refinance a part of the price difference  of electricity for covering network losses, aligned with the recovery of this difference through tariffs as provided by GEO 153/2022. EBRD remains one of the strategic partners of Electrica Group, being with us since the listing".

Contact details:

Electrica Investor Relations

E-mail: ir@electrica.ro

Phone: +40 731 796 111

Chief Executive Officer                                                         

Alexandru-Aurelian Chirita    

Director Financiar

Stefan Alexandru Frangulea

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