Enea S.A. — Capital/Financing Update 2022

Nov 24, 2022

Current Report No.: 70/2022

Date of Preparation: 24 November 2022

Issuer's Abbreviated Name: ENEA S.A.

Subject: Granting of a corporate guarantee for ENEA Trading's liabilities

Legal Basis: Article 17(1) of the Market Abuse Regulation - insideinformation

Body of the report:

The Management Board of ENEA S.A. ("Issuer") hereby reports that on 24November 2022 it granted a corporate guarantee to J.P. Morgan SE ("J.P.Morgan") for the liabilities of its subsidiary, ENEA Trading sp. z o.o.("Subsidiary") up to the amount of USD 300,000,000. The liabilitiesinclude cash to be provided by J.P. Morgan to the Subsidiary due toforward transactions related to CO2 emission allowances executed by theSubsidiary.

The corporate guarantee covers the Subsidiary's liabilities towards J.P.Morgan existing as at the date of the corporate guarantee. The Issuermay terminate the corporate guarantee with immediate effect bydelivering J.P. Morgan a notice of termination at least 30 business daysin advance.

In parallel, in connection with the granting of the corporate guarantee,the Issuer and the Subsidiary, on the same date, entered into anagreement governing in particular the form of securing the Subsidiary'scommitments towards the Issuer and the fee payable to the Issuer forgranting the guarantee, which was determined on an arm's length basis.