Enea S.A. — Earnings Release 2017

Aug 1, 2017

Current Report No.: 28/2017

Date of publication: 1.08.2017

Short name of issuer: Enea S.A.

Subject: Information on preliminary financial results for H1 2017

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. (the Company) on 1 September 2017 on preliminary financial resultsof Enea Capital Group for H1 2017, the Company decided to publish thepreliminary financial results for H1 2017 which are presented below.

Consolidated financial results of Enea Capital Group for H1 2017:

Net sales revenue: PLN 5,567 million

EBITDA: PLN 1,341 million

EBIT: PLN 764 million

Net profit: PLN 606 million

EBITDA in individual areas of operations:

Trade: PLN 105 million

Distribution: PLN 517 million

Generation: PLN 420 million

Mining: PLN 321 million*

Non-consolidated financial results of Enea S.A. for H1 2017:

Net sales revenue: PLN 2,826 million

EBITDA: PLN 80 million

EBIT: PLN 79 million

Net profit: PLN 900 million

The presented results are only estimates, and the final results may beaffected by e.g. works currently in progress over the determination offair values of key items of the acquired assets and liabilities for EneaElektrownia Połaniec S.A. and Polimex-Mostostal S.A. (purchase priceallocation).

The final financial results will be published in the extendedconsolidated semi-annual report of Enea Capital Group for H1 2017 whichis to be published on 7 September 2017.

* The difference in the method of recognising EBITDA of LW Bogdanka CGand the area of mining in Enea CG stems from the method of recognisingamortisation and depreciation and presentation adjustments.