Enea S.A. — Earnings Release 2016

Aug 9, 2016

Current Report No.: 23/2016

Date of preparation: 09.08.2016

Short name of issuer: Enea S.A.

Subject: Information on preliminary financial results for H1 2016

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

Content of report:

In relation to the information obtained by the Management Board of EneaS.A. (Company, Issuer) on 9 August 2016 on preliminary financial resultsof Enea Capital Group for the first half of 2016 (H1 2016), the Companydecided to publish the financial results for the above mentioned period.

Consolidated financial results of Enea Capital Group for H1 2016:

Net sales revenue: PLN 5,599 mln

EBITDA: PLN 1,207 mln

EBIT: PLN 611 mln

Net profit: PLN 471 mln

Non-consolidated financial results of Enea S.A. for H1 2016:

Net sales revenue: PLN 2,736 mln

EBITDA: PLN 23 mln

EBIT: PLN 22 mln

Net profit: PLN 539 mln

The above mentioned results were negatively affected by e.g. a one-offevent related to the establishment of a write-down of the carrying valueof assets from the area dealing with energy generation from renewablesources (Segment of Generation, Renewable Energy Sources, Area of Wind).The write-down mentioned above was established in relation to the entryinto force of the act of 20 May 2016 on investments within wind powerplants.

Impact on the consolidated financial statements of Enea Capital Group

The test results in the Segment of Generation indicate the assetscarrying value impairment that will be included in the consolidatedfinancial statements of Enea Capital Group in the total amount of PLN 42mln.

Impact on the non-consolidated financial statements of Enea S.A.

In the non-consolidated financial statements of Enea S.A. for H1 2016the performed tests demonstrate the necessity of recognising assetcarrying value impairment write-down in Enea Wytwarzanie Sp. z o.o.totalling to PLN 42 mln.

At the same time, the Issuer informs that the final financial resultsfor the above mentioned period will be published in the extendedconsolidated semi-annual report of Enea Capital Group for H1 2016 whichis to be published on 26 August 2016.