Enea S.A. — M&A Activity 2016

Dec 27, 2016

Current Report No.: 47/2016

Date of preparation: 27.12.2016

Short name of issuer: Enea S.A.

Subject: Notice on the execution of a letter of intent relating to apotential investment in Polimex-Mostostal S.A. and lodging a motion withthe Office of Competition and Consumer Protection

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

Content of report:

In relation to the current report No. 41/2016 dated 6 December 2016 theManagement Board of Enea S.A. ("Company") informs that on 27 December2016 the Company and Energa S.A., PGE Polska Grupa Energetyczna S.A.,PGNiG S.A. ("Investors") and Polimex-Mostostal S.A. ("Polimex") signed aletter of intent in which the Investors expressed their intention toconsider a potential investment in Polimex and based on which theycommenced talks with Polimex with the purpose of specifying detailedparameters of the transaction.

At the same time, on the same day, the Company and the Investors, lodgeda motion with the Office for Competition and Consumer Protection("UOKiK") for issuing the approval by the President of UOKiK to performthe concentration being the takeover by the Investors of a joint controlover Polimex.