Enel

M&A Activity • May 23, 2025

Informazione Regolamentata n. 0116-38-2025	Data/Ora Inizio Diffusione 23 Maggio 2025 21:16:51		Euronext Milan
Societa'	:	ENEL
Identificativo Informazione Regolamentata	:	206153
Utenza - referente	:	ENELN07 - Giannetti Davide
Tipologia	:	2.2
Data/Ora Ricezione	: 23 Maggio 2025 21:16:51
Data/Ora Inizio Diffusione	:	23 Maggio 2025 21:16:51
Oggetto	:	Closing of the sale to EPH of the residual interest in the stake held by Enel Produzione in Slovenské Elektrárne in execution of the early call option foreseen by the 2020 contract

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CLOSING OF THE SALE TO EPH OF THE RESIDUAL INTEREST IN THE STAKE HELD BY ENEL PRODUZIONE IN SLOVENSKÉ ELEKTRÁRNE IN EXECUTION OF THE EARLY CALL OPTION FORESEEN BY THE 2020 CONTRACT. OVER 1.1 BILLION EUROS OF LOANS GRANTED BY ENEL GROUP COMPANIES HAVE ALREADY BEEN COLLECTED WITH A POSITIVE EFFECT ON DEBT ACCORDING TO THE RATING AGENCIES' FRAMEWORKS

Rome, May 23rd, 2025 – Enel S.p.A. informs that its subsidiary Enel Produzione S.p.A. has closed the sale to EPH¹ of 50% of the share capital held in Slovak Power Holding BV, a company which owns 66% of the share capital of Slovenské elektrárne, a.s.

The disposal was completed in execution of the agreement signed on December 18th, 2024 following the exercise of the early call option by EPH, foreseen by the agreements signed between 2015 and 2020, under which the total consideration for the sale of 100% of Slovak Power Holding, equal to 150 million euros, was set and paid. This amount was already paid by EPH to Enel Produzione at the time of completion of the first phase of the sale.

The second phase of the transaction foresaw the repayment by EPH of the credit facilities provided by the Enel Group in favor of Slovenské elektrárne, for a total amount of 1,144 million euros, including the accrued interests. Furthermore, any financial commitment as well as guarantees upon the Enel Group towards Slovak Power Holding and Slovenské elektrárne have expired.

The agreements signed in December 2024 allowed the collection of the total amount of over 1.1 billion euros relating to the financing provided by the Enel Group, including the capitalized interests. These proceeds allow the reduction of the financial debt of the Enel Group in line with the frameworks adopted by the rating agencies.

The transaction had a negative accounting, non-cash impact on 2025 Group reported net income of 341 million euros, which relates to the release of equity reserves. The transaction will have no impact on the Group's ordinary economic results.

The transaction was closed following the fulfillment of the conditions precedent set out, including the authorization by the competent Antitrust Authority and the European Commission under Regulation (EU) 2022/2560 (Foreign Subsidies Regulation).

¹ Through EP Slovakia BV, a subsidiary of Energetický a průmyslový holding a.s. ("EPH").