Enea S.A. — AGM Information 2019

Apr 8, 2019

Current Report No.: 7/2019

Date of preparation: 5 April 2019

Short name of issuer: ENEA S.A.

Subject: Recommendation of the Company's Management Board on 2018 netprofit distribution

Legal basis: Article 17 item 1 of MAR - confidential information

Content of report:

The Management Board of ENEA S.A. ("Company", "Issuer") hereby informsthat on 5 April 2019 it adopted a resolution regarding the distributionof the Company's net profit for the 2018 financial year, in accordancewith which the Management Board recommends the distribution of theIssuer's net profit of PLN 727,136 thousand generated in the period from1 January 2018 to 31 December 2018 to be effected in such a manner that100% of the net profit be allocated to increase reserve capitals for thepurposes of financing investments.

The recommendation of the Company's Management Board to allocate 100% ofthe net profit generated in the 2018 financial year to the reservecapitals is motivated by the Group's significant investment needsresulting from, inter alia, the plans specified in "ENEA Capital Group'sDevelopment Strategy until 2030", on which the Company informed inCurrent Report No. 29/2016.

At the same time, the guiding principle of ENEA S.A.'s dividend policyshall remain that in the future any dividend payments be made dependingon the amount of the profit generated by the Company and the Company'sfinancial capacities.

The Company informs that along with the adoption of the aforementionedresolution the Issuer's Management Board resolved to apply to theCompany's Supervisory Board for issuing an assessment of the adoptedrecommendation. At the same time, the Company explains that the finaldecision on the distribution of the net profit for the 2018 financialyear will be made by the Ordinary General Meeting of ENEA S.A.