Enea S.A. — Audit Report / Information 2017

Sep 7, 2017

KPMG Audyt Spółka z ograniczona odpowiedzialnościa sp.k. Biuro w Poznaniu ul. Roosevelta 22 60-829 Poznań, Polska Tel. +48 (61) 845 46 00 Faks +48 (61) 845 46 01 poznan@kpmg.pl

This document is a free translation of the Polish original. Terminology current in Anglo-Saxon countries has been used where practicable for the purposes of this translation in order to aid understanding. The binding Polish original should be referred to in matters of interpretation.

INDEPENDENT AUDITOR'S REPORT ON REVIEW OF THE CONDENSED INTERIM SEPARATE FINANCIAL STATEMENTS OF ENEA S.A. FOR THE PERIOD FROM 1 JANUARY TO 30 JUNE 2017

To the Shareholders of ENEA S.A.

Introduction

We have reviewed the accompanying 30 June 2017 condensed interim separate financial statements of ENEA S.A., with its registered office in Poznań, 1 Górecka Street ("the condensed interim separate financial statements"), which comprise:

• the condensed interim separate statement of financial position as at 30 June 2017,
• the condensed interim separate statements of profit or loss and other comprehensive income $\bullet$ for the three-month and six-month periods ended 30 June 2017,
• the condensed interim separate statement of changes in equity for the six-month period ended $\bullet$ 30 June 2017,
• the condensed interim separate statement of cash flows for the six month period ended 30 June 2017, and
• notes to the interim financial statements. $\bullet$

Management of ENEA S.A. is responsible for the preparation and presentation of these condensed interim separate financial statements in accordance with International Accounting Standard 34 Interim Financial Reporting as adopted by the European Union. Our responsibility is to express a conclusion on these condensed interim separate financial statements based on our review.

KPMG Audyt Spółka z ograniczoną odpowiedzialnością
sp.k., a Polish limited llability partnership and
a member firm of the KPMG notwork of Independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.
All rights reserved Printed in Poland

Siedziba spółki:
ul. Inflancka 4A, 00-189 Warszawa tel +48.22.528.11.00

Spółka zarejestrowana w Sądzie
Rejonowym dla m. st. Warszawy,
XII Wydział Gospodarczy Krajowego Rejestru Sądowego.

KRS 0000339379 NIP 527-26-15 362 REGON 142078130

Scope of Review

We conducted our review in accordance with the International Standard on Review Engagements 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity as adopted by the resolution dated 10 February 2015 of the National Council of Certified Auditors as the National Standard on Assurance 2410. A review of interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with National Standards on Assurance or International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed interim separate financial statements are not prepared, in all material respects, in accordance with International Accounting Standard 34 Interim Financial Reporting as adopted by the European Union.

On behalf of KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k. registration number 3546 ul. Inflancka 4A 00-189 Warsaw

Signed on the Polish original

....................................... Marek Gajdziński Key Certified Auditor Registration No. 90061 Limited Liability Partner with power of attorney

Poznań, 5 September 2017