Enea S.A. — Capital/Financing Update 2024

May 10, 2024

• I. The value of the Issuer's financial liabilities, including overdue liabilities, as at the last day of the quarter preceding by no more than 4 months the submission of the proposal to purchase the Bonds, i.e. as at 31 March 2024, is PLN 7.40 billion. There are no overdue liabilities.
• II. Estimated value of the Issuer's financial liabilities and estimated structure of the Issuer's financing (construed as the value and percentage of liabilities from loans and borrowings, issuance of debt securities and leases in total liabilities and equity of the Issuer's balance sheet):
  • (i) as at the last day of the financial year in which the Bonds are to be issued, i.e. 31 December 2024:

Liabilities by virtue of:	Value in PLN billion	% share in total liabilities and equity
Loans and borrowings	5.89	24.2
Bonds	2.64	10.9
Financial leases	0.04	0.2
Total	8.57	35.3

(ii) as at the date ending twelve months after the scheduled date of the Bond issue, i.e. as at 21 May 2025:

Liabilities by virtue of:	Value in PLN billion	% share in total liabilities and equity
Loans and borrowings	5.25	21.7
Bonds	2.62	10.9
Financial leases	0.04	0.2
Total	7.91	32.8

• III. The value of financial liabilities of the Issuer's group, i.e. the ENEA Group, including overdue liabilities, as at the last day of the quarter preceding by no more than 4 months the submission of the proposal to purchase the Bonds, i.e. as at 31 March 2024, is PLN 8.15 billion. There are no overdue liabilities.
• IV. Estimated value of the ENEA Group's financial liabilities and estimated structure of the ENEA Group's financing (construed as the value and percentage of liabilities from loans and borrowings, issuance of debt securities and leases in total liabilities and equity of the ENEA Group's balance sheet):
  • (i) as at the last day of the financial year in which the Bonds are to be issued, i.e. 31 December 2024:

Liabilities by virtue of:	Value in PLN billion	% share in total liabilities and equity
Loans and borrowings	5.97	14.1
Bonds	2.64	6.2
Financial leases	0.66	1.5
Total	9.27	21.8

(ii) as at the date ending twelve months after the scheduled date of the Bond issue, i.e. as at 21 May 2025:

Liabilities by virtue of:	Value in PLN billion	% share in total liabilities and equity
Loans and borrowings	5.33	12.6
Bonds	2.62	6.2
Financial leases	0.66	1.5
Total	8.61	20.3