Enea S.A. — M&A Activity 2022

Jun 20, 2022

Current Report No.: 40/2022

Date of Preparation: 18 June 2022

Issuer's Abbreviated Name: ENEA S.A.

Subject: Signing of a letter of intent on the purchase of shares inLubelski Węgiel _quot;Bogdanka_quot; S.A. by the State Treasury

Legal Basis: Article 17(1) of the Market Abuse Regulation - confidentialinformation

Body of the report:

The Management Board of ENEA S.A. ("Company") hereby reports that on 18June 2022 it signed a letter of intent with the State Treasury regardinga potential purchase by the State Treasury of 21,962,189 shares inLubelski Węgiel "Bogdanka" S.A. ("LWB"), representing 64.57% of LWB'sshare capital ("Transaction").

The Company and the State Treasury ("Parties") have committed themselvesto taking, in good faith, all steps necessary to prepare and execute theTransaction involving the purchase by the State Treasury of all21,962,189 LWB shares ("Shares") from the Company. The letter of intentwill remain in effect until 31 December 2023.

These steps are consistent with the "ENEA Group Development Strategyuntil 2030 with an outlook to 2040" and are in line with thegovernment's plans for the reorganization of conventional power sectorin Poland.

The document serves only as an expression of the Parties' intention toestablish cooperation and lay down the principles for the conduct ofnegotiations between them regarding the subject matter thereof.