Enea S.A. — Capital/Financing Update 2025

May 21, 2025

Report Content Current Report No.: 18/2025

Date of Preparation: 21 May 2025

Issuer's Abbreviated Name: Enea S.A.

Subject: Signing of a loan agreement from the National Recovery andResilience Plan

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

Body of the report:

The Management Board of Enea S.A. ("Company", "Issuer") hereby reportsthat on 21 May 2025 it entered into a loan agreement with BankGospodarstwa Krajowego ("BGK") in the amount of PLN 9.13 billion ("LoanAgreement"). The loan was granted from the National Recovery andResilience Plan ("NRRP") under Investment G3.1.4 entitled "Support forthe Polish power system (Power Sector Support Fund)" as part ofComponent G (RePowerEU), in compliance with the "Rules for the Call forApplications to receive loans for electricity networks granted by BGK."

The funds from the Loan Agreement may only be spent on refinancingeligible expenses to be incurred by the Issuer's subsidiary, EneaOperator sp. z o.o. ("Enea Operator"), for the development ofelectricity distribution infrastructure in north-western Poland in orderto improve the quality and security of electricity supply and to supportthe energy transition process by increasing the Enea Operatorelectricity network's capacity to cooperate with renewable energysources, including with the use of smart grid technologies.

The financing provided under the Loan Agreement will be transferred infull to Enea Operator under an intra-group loan agreement to be enteredinto between the Issuer and Enea Operator on terms not less favorablethan those specified in the Loan Agreement.

In accordance with the provisions of the Loan Agreement, in the event ofan increase in the pool of funds available under Investment G3.1.4, theamount of financing provided to the Company may be increased, which willrequire the signing of pertinent annexes to the Loan Agreement.

The funds provided under the Loan Agreement bear interest at a fixedannual rate of 0.5% and will be disbursed in tranches in 2025-2036. Theloan principal will be repaid in installments every six months, with thefinal repayment date in 20 May 2050.