Enea S.A. — Capital/Financing Update 2019

May 31, 2019

Current Report No.: 22/2019

Date of preparation: 31 May 2019

Short name of issuer: ENEA S.A.

Subject: Notification on the decision to issue bonds under the bondissue programme of ENEA S.A.

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

Content of report:

In relation to Current Report No. 27/2014 on conclusion by ENEA S.A.("Company", "Issuer") of an agreement relating to a bond issue programmeup to the maximum amount of PLN 5 billion ("Programme"), the ManagementBoard of the Company hereby informs that on 31 May 2019 it resolved onits intention to issue bonds up to the amount of PLN 1 billion under theProgramme. It is the intention of the Company to conduct theaforementioned issue in Q2 2019.

The bond offer shall be conducted exclusively on the territory ofPoland. The Company plans to offer the bonds pursuant to Article 33 item2 of the Act on bonds of 15 January 2015 to no more than 149individually specified recipients. The bonds will bear a floatinginterest rate. The assumed maturity of the bonds will be 5 years fromthe date of issue and the purpose of the issue is to refinance theCompany's debt.

Detailed terms and conditions of the issue and the final amount of thebond issue will be determined at a later date, inter alia, after takinginto account the results of the book-building process among theinvestors and the situation on the domestic bond market. The finalinformation on the margin and other parameters of the bonds will bepublished in a separate current report.

Until the date of this current report, the Issuer has issued under theProgramme bonds with a total value of PLN 1.5 billion.