Enea S.A. — Regulatory Filings 2021

Jul 9, 2021

Current Report No.: 23/2021

Date of Preparation: 9 July 2021

Issuer's Abbreviated Name: ENEA S.A.

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

Subject: Information on the intention to include a non-recurringoperation of an accounting nature in the financial statements for H1 2021

Body of the report:

The Management Board of ENEA S.A. ("Company", "Issuer") hereby reportsthat in connection with the preparation of financial statements(standalone and consolidated) for the first half of 2021, thepermissibility was identified on 9 July 2021 of a partial reversal ofthe provision established in the amount of PLN 222.2 million (initially:PLN 219.4 million), as disclosed by the Issuer in Current Report No.36/2020 and in subsequent interim reports.

The partial reversal of the provision in the amount of approx. PLN 114million will be effected in connection with the scheduled settlement ofthe investment project executed by Elektrownia Ostrołęka sp. z o.o. inaccordance with the terms disclosed in Current Report Nos. 20/2021 and21/2021. Following the said partial reversal, the value of the provisionwill be approx. PLN 108 million.

This event will affect the standalone financial statements of ENEA S.A.by increasing the Company's pre-tax profit and net profit for thereporting period by approx. PLN 114 million.

This event will affect the consolidated financial statements of the ENEAGroup by increasing its pre-tax profit and net profit for the reportingperiod by approx. PLN 114 million.

The event described above is a non-cash event that increases net profitfor the reporting period without affecting the consolidated orstandalone EBITDA for the reporting period.

Please be advised that the foregoing figures are estimates and as suchare subject to change, and that the final amount of the partial reversalwill be presented in the periodic reports of the Company and the ENEAGroup for H1 2021.

Please note that the term EBITDA is defined as the value of operatingprofit (loss) + depreciation and amortization + impairment losses onnon-financial non-current assets (values for the reporting period).EBITDA is a standard measure of efficiency of a business activity, inparticular for the industry in which the Issuer's Group operates. Theabove definition and methodology for its calculation are the same asthose used to calculate this indicator in the Issuer's periodic reports.The definition above is also included in the glossary of terms andabbreviations available on the Company's website(https://ir.enea.pl/slownik).