Enea S.A. — Earnings Release 2022

Dec 10, 2018

Current Report No.: 65/2018

Date of preparation: 10 December 2018

Short name of issuer: ENEA S.A.

Subject: Notification on the preliminary results of the capacity marketauction for the year 2022 published by PSE S.A.

Legal basis: Article 17(1) MAR - confidential information

Content of report:

With reference to Current Report No. 64/2018, the Management Board ofENEA S.A. ("Issuer", "Company") hereby informs that on 10 December 2018the Company gained knowledge of publication by PSE S.A. of thepreliminary results of the capacity market main auction for the year2022, including the clearing price for the capacity auction of 198.00PLN/kW/year.

Taking into account the results of the above auction, as well as theresults of the auction held on 15 November 2018 the Issuer estimatesthat the revenue of the ENEA Capital Group from the capacity market mayreach in the year 2022:

1) for Unit No. 11 in Kozienice Power Plant (under a 15-year capacitycontract) and for the contracted capacity of 915 MW- approx. PLN 220million;

2) for modernised units (under a 5-year capacity contract) and for thecontracted capacity of 2,711 MW - approx. PLN 651 million;

3) for existing units (under a 1-year capacity contract) and for thecontracted capacity of 37 MW - approx. PLN 7 million.

The above capacity obligations for 1-year contracts are not the finalresults of the capacity auction. The final results of the capacityauction shall be published by the President of the Energy RegulatoryOffice in the Public Information Bulletin on its website, on the firstworking day following the 21st day after the end of the capacityauction. Until then all capacity obligation sale contracts areconditional.

At the same time, the Issuer hereby informs that should the finalresults of the capacity auction differ materially from the preliminaryresults published herein, the Company will publish a relevant update inthe form of a current report.