Soecietatea Energetica Electrica S.A.

Related Party Transaction • Nov 2, 2022

National Storage Mechanism | Additional information

RNS Number : 1212F

Societatea Energetica Electrica SA

02 November 2022

To:                              Romanian Financial Supervisory Authority (FSA)

Bucharest Stock Exchange (BSE)

London Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, FSA Regulation no. 5/2018 on issuers of financial instruments and market operations, and the Bucharest Stock Exchange Code

Report date: 2 November 2022

Company name: Societatea Energetica Electrica S.A. (Electrica)

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no.: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BSE) and London Stock Exchange (LSE)

Significant events to be reported: Transactions with related parties according to Art. 108 of Law No. 24/2017 concluded by Distributie Energie Electrica Romania SA (DEER), subsidiary of Societatea Energetica Electrica SA (Electrica) and OPCOM

Electrica informs its shareholders and investors about the conclusion, on 31 October 2022, of one transaction between DEER and OPCOM, that have a value that, cumulated with the rest of the transactions concluded/executed in the period 1 June- 31 October 2022 exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2021, respectively exceeds the value of RON 199,059,726.

Details regarding the transaction concluded on 31 October 2022, together with the rest of the transactions already concluded in the period 1 June - 31 October 2022, which led to exceeding the threshold, containing information about the date of execution, type of transaction, description of its scope, total value of the transaction, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex.

CEO                                                                                                   

Alexandru - Aurelian Chirita                                                                                   

Annex: Details regarding the transactions concluded by DEER and OPCOM between 1 June - 31 October 2022 of the kind listed in Art. 108 of Law No. 24/2017

Agreement Type and No., execution date	Scope of transactions	Amount (RON th.)	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
Provider: OPCOM Beneficiary: DEER
DEER no.124/T/10/ 6 Jan 2021 OPCOM no. 07/ 4 Jan 2021	Purchase of electricity - DAM	202,585.60	4 Jan 2021	undetermined	40,000	N/A	Daily payment by direct debiting of the DEER account.
Trading tariffs - DAM	33.28	N/A	Payment by bank transfer, with payment order, within a maximum of 5 working days from the date of receipt of the invoice. The invoice is considered paid on the date of registration of the payment in the bank statement of OPCOM.
DEER no.107/S/10/6Jan2021 OPCOM no.08/4Jan2021	Purchase of electricity on PCCB NC	0.07	4 Jan 2021	undetermined	N/A	N/A	Payment by bank transfer, with payment order, in max. 5 working days from the date of receipt of the invoice. The invoice is considered paid on the date of registration of the payment in the bank statement of OPCOM.
DEER no.4078/03Aug2022 OCOM no. 27525/21Jun2022	Agreement to participate in the electricity market for large final customers	7.70	21 Jun 2022	undetermined	N/A	N/A	By direct debiting the DEER account

Agreement Type and No., execution date	Scope of transactions	Amount (RON th.)	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
Provider: DEER Beneficiary: OPCOM
DEER no.124/T/10/ 6 Jan 2021 OPCOM no. 07/ 4 Jan 2021	Sell of electricity - DAM	19,349.07	4 Jan 2021	undetermined	40,000	N/A	Daily collection by direct debiting of the DEER account

Total executed amount during 1 June - 31 October 2022: RON 221,975.73 th

Due and not due mutual receivables of DEER to OPCOM at 28 Oct 2022: RON 0 th.

Due and not due mutual debts of DEER to OPCOM at 28 Oct 2022: RON 0 th.

Note: According to the document "SUMMARY of the procedure regarding the invoicing and payment of the regulated tariff practiced by the electricity market operator for the services provided to the participants in the centralized electricity and green certificate markets", available on the OPCOM website here, whose provisions are also taken over in EFSA's internal procedures /DEER, invoices are issued by OPCOM, as well as by the OPCOM market participant, respectively the ELSA branch, and sent electronically in the first three working days of the month following the month in which the sale/purchase transactions were carried out, and the date of the invoice must be the last day of the month in which the transactions were made and must reach the partner within the first 10 calendar days of the following month. Thus, although the transactions and invoices are dated the last day of the previous month, ELSA reporting is carried out within a maximum of 24 hours from the date of actual receipt/transmission by electronic means of the invoices from/to OPCOM.

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