Enea S.A. — M&A Activity 2017

Dec 22, 2017

Current Report No.: 43/2017

Date: 22.12.2017

Short name of issuer: Enea S.A.

Subject: Information on the approval by thePresident of the Office of Competition and Consumer Protection for jointcontrol over Polska Grupa Górnicza sp. z o.o.

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

Contents:

In connection with current report No.14/2017, dated 31 March 2017, concerning the terms for Enea S.A.'s (the"Company", the "Issuer") involvement in Polska Grupa Górnicza sp. z.o.o.(PGG), the Management Board of the Company would like to announce thaton 22 December 2017 the President of the Office of Competition andConsumer Protection has agreed to a concentration consisting of thetaking of control over PGG by the Issuer, to be exercised jointly withENERGA Kogeneracja sp. z o.o., PGE Górnictwo i Energetyka KonwencjonalnaS.A., PGNiG TERMIKA S.A. and Fundusz Inwestycji Polskich PrzedsiębiorstwFundusz Inwestycyjny Zamknięty Aktywów Niepublicznych (ControllingStakeholders). Joint control will be exercised at terms set forth in theInvestors' Agreement, which governs the principles for the establishmentof a common position by the Controlling Shareholders with respect todecisions concerning PGG, referred to in the current report in question.

At the same time, the Issuer would like torecall that as part of the declared involvement of PLN 300 mln, as ofthe date of this current report, the Company has taken up new shares inPGG for a total value of PLN 210 mln, corresponding to 5.81% stake inPGG's initial capital, with another financing round totaling PLN 90 mlnplanned for Q1 2018.