Soecietatea Energetica Electrica S.A.

M&A Activity • May 28, 2021

To: Romanian Financial Supervisory Authority (ASF)

Bucharest Stock Exchange (BVB)

London Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code

Report date: 28 May 2021

Company name: Societatea Energetica Electrica S.A. (Electrica)

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no.: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB) and London Stock Exchange (LSE)

Significant events to be reported: Transactions with related parties according to Art. 92³para (12) of Law No. 24/2017 concluded by Distributie Energie Electrica Romania SA (DEER) and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)

Electrica informs its shareholders and investors about the conclusion, on 27 May 2021, of a transaction between DEER and EFSA, Electrica's subsidiaries, that has a value that, cumulated with the rest of the transactions concluded/executed in the period 9 April – 27 May 2021 (respectively after the previous current report issued on 12 April 2021 on BSE – IRIS Code 5BF34 and on LSE – RNS code 1089V), exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2020, respectively exceeds the value of RON 202,466,778.

Details regarding the transaction concluded on 27 May 2021which led to exceeding the aforementioned threshold, containing information about the date of execution, type of transaction, description of its scope, total value of the transaction, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.

Details regarding the rest of the transactions already concluded in the period 9 April – 27 May 2021, which, individually or cumulatively, did not meet the requirement provided in art. 92³ para. (3) of Law no. 24/2017, but which cumulated with the transaction presented in Annex 1 lead to exceeding the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2020, are presented in Annex 2.

Chief Executive Officer Georgeta Corina Popescu

Annex 1: Details regarding the transactions concluded by DEER and EFSA on 27 May 2021 of the kind listed in Art. 92³ of Law No. 24/2017 Services provider: EFSA Beneficiary: DEER-TN

Agreement Type and No., execution date	Scope of transactions	Amount of transactions (RON th.)	Invoice Number / Date	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
22/15 Feb 2018; AD 4/16 Dec 2019; AD 5/31 Dec 2020	Providing the representation service as Balancing Responsible Party	4,148.60	7034 / 27.05.2021	1 January 2018	31 December 2021 with automatic extension for periods of 12 months according to AD 4/16 Dec 2019	N/A	If, through his sole fault, the Provider fails to fulfill its obligations under the contract, the Buyer has the right to deduct from the tariff established by the contract, as penalties, an amount equivalent to a percentage of 1.5% of the monthly tariff established.	Payment is made within 3 working days from the date of receipt of the invoice
Transactions total amount (RON th.):		4,148.60

Due and not due mutual debts of EFSA to DEER at 26.05.2021: RON 134,410.62 th. Due and not due mutual debts of DEER to EFSA at 26.05.2021: RON 8,307.59 th.

Annex 2:

Details regarding the transactions concluded by DEER and EFSA in the period 9 April – 27 May 2021 of the kind listed in Art. 92³ of Law No. 24/2017

Agreement Type and No., execution date	Scope of transactions	Amount between 9 April – 27 May 2021 (RON th.)	Date of entry into force	Expiry date	Guarante es (RON th.)	Penalties	Payment due dates and payment methods
				Services provider: Beneficiary: EFSA	DEER-TN
30275/30 Sept 2015			1 October 2015			In case of not fulfilling the payment	Issuance of the invoice with
33802/1 Jul 2015	Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator		1 July 2015	indefinite	N/A	obligations within 30 days from invoice's due date, the supplier will	the payment amount for the concluded contractual month
43670/17 Nov 2015		141.14	1 December 2015			pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.	is made in the first 10 working days of the month following each contractual month.
426/SM/30 Dec 2015			1 January 2016				Payment is made within 10 working days from the date of issuing the invoice, in case of
10019 BN/1 Oct 2015			1 October 2015				its communication by e-mail, or within 10 days from the
71107/11 Aug 2015			1 September 2015				date of sending the invoice, otherwise.
32476/9 Dec 2015			1 January 2016			In case of not fulfilling the payment obligations within 30 days from	Issuance of the invoice with the payment amount for the
33799/1 Jul 2015	Providing electricity distribution service by the		1 July 2015			invoice's due date, the supplier will pay, in addition to the amount due, a	concluded contractual month is made in the first 10 working
43264/20 Oct 2015	distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator	682.82	1 November 2015		N/A	penalty interest corresponding as a percentage of interest due for not	days of the month following each contractual month. Payment is made within 10
425/SM/23 Dec 2015			1 January 2016	indefinite		paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total	working days from the date of issuing the invoice, in case of
10018 BN/1 Jul 2015			1 July 2015				its communication by e-mail, or within 10 days from the
70866 /1 Jul 2015			1 July 2015			value of the penalty interest may not exceed the value of the amount due.	date of sending the invoice, otherwise.

103 / 10 Mar 2016	Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator	72,258.17	1 April 2016	indefinite	N/A	In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.	Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.
	Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator - other services as DO	7.06				If the supplier does not pay the invoices related to the EDN intervention services within 30 days from the due date, the distribution operator will claim delay penalties of 0.01% for each day of delay, calculated at the unpaid amount, starting with the first day after the due date, until the day of payment (exclusively). The value of the penalties may not exceed the amount due.	Payment is made within 30 calendar days from the date of issuing the invoice

Convention 50277/22 Feb 2016; AD 53229 A/20 Oct 2020 – Bistrita Convention 30728/22 Feb 2016, AD. 4/56021/7 Oct 2020 – Oradea		13.36 11.51	1 January 2016 1 January 2016			For delays in the payment of the invoice of more than 30 days from the due date, the lessor has the right to charge, and the lessee has the obligation to pay late payment penalties of 0.03% applied to the amount due for each calendar day of delay, starting with the first day after due date. The value of the penalties will not exceed the value of the
Convention E12.2.59/8 Mar 2011 – Oradea – utilities breakdown FEE Oradea building - headquarters	Re-invoicing utilities expenses	11.37	1 February 2011	31 decembrie 2023	N/A	outstanding debt Non-payment of the invoice within 30 days from the due date authorizes the lessor to request late-payment penalties equal to the late-payment penalties due for not paying the tax obligations to the state budget in due time, applied to the amount due for each day of delay, starting with day following the due date and until the date of settlement of the amount due, to the tenant exclusively. The value of the penalties may not exceed the value of the outstanding debt.	Payment is made within 10 calendar days from the date of registration of the invoice
Convention 60380/22 Feb 2016, AD SM 63761A/ 16 Dec 2020 - Satu Mare		16.67	1 January 2016			For delays in the payment of the invoice of more than 30 days from the
Convention 1193/9 Jan 2017, AD3/21 Sept 2019 - Baia Mare		6.48	1 January 2017			due date, the lessor has the right to charge, and the lessee has the obligation to pay late payment penalties of 0.03% applied to the
Convention 17/ 28 Feb 2019 - Cluj		13.94	1 March 2019			amount due for each calendar day of delay, starting with the first day after
Convention 70022/5 Jan 2017, AD 71117A/1267/18 Jul 2018 – Zalau		2.71	1 January 2017			due date. The value of the penalties will not exceed the value of the outstanding debt

487/29 Aug 2007; AD 45/29 Dec 2020	Communications services Re-invoicing communications services	33.11 0.85	1 August 2007	30 June 2021 Services provider:	N/A DEER-TS	In case of not fulfilling the payment obligations, the beneficiary will pay in addition to the amount due a penalty to this amount, corresponding as percentage to the interest due for not paying the obligations to the state budget in due time, for each day of delay until the payment date (exclusive). The total value of the penalties may not exceed the value of the amount due.	Payment is made within 30 working days from the date of registration of the invoice by the beneficiary. Payment of invoices can also be made by compensation in compliance with the legislation in force.
				Beneficiary: EFSA
C-3831/D/700/15 Mar 2016 and AD 8/18 Jun 2020	Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator	33,451.52	1 April 2016	indefinite	N/A	In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.	Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.
C-3831/D/700/ 15 Mar 2016 and AD 2/1 Aug 2016	Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator - other services as distribution operator	4.35				If the supplier does not pay the invoices related to the EDN intervention services within 30 days from the due date, the distribution operator will claim delay penalties of 0.01% for each day of delay, calculated at the unpaid amount, starting with the first day after the due date, until the day of payment (exclusively). The value of the penalties may not exceed the amount due.	Payment is made within 30 calendar days from the date of issuing the invoice.

C-12310/D/700/29 Jul 2015			1 August 2015			In case of not fulfilling the payment obligations within 30 days from	Issuance of the invoice with the payment amount for the
C-12445/D/700/30 Jul 2015	Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator		1 August 2015			invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a days of the month following percentage of interest due for not each contractual paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the its communication by e-mail, day of payment (exclusive). The total value of the penalty interest may not	concluded contractual month is made in the first 10 working
C-16355/D/700/30 Sept 2015		46.58	1 October 2015	indefinite	N/A		month. Payment is made within 10
C-22054/D/700/21 Dec 2015			1 January 2016				working days from the date of issuing the invoice, in case of
C-22271/D/700/23 Dec 2015			1 January 2016				or within 10 days from the date of sending the invoice,
C-22578/D/700/29 Dec 2015			1 January 2016			exceed the value of the amount due.	otherwise.
C-14893/D/700/9 Sept 2015			10 September 2015			In case of not fulfilling the payment obligations within 30 days from	Issuance of the invoice with the payment amount for the
C-16091/D/700/28 Sept 2015	Providing electricity distribution service by the		28 September 2015		N/A	invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a days of the month following percentage of interest due for not each contractual paying the obligations to the state	concluded contractual month is made in the first 10 working
C-22046/D/700/21 Dec 2015	distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator	382.14	1 January 2016	indefinite			month. Payment is made within 10
C-22050/D/700/21 Dec 2015			1 January 2016			budget in due time, calculated for each day of delay starting with the	working days from the date of issuing the invoice, in case of
C-22255/D/700/22 Dec 2015			1 January 2016			first day after the due date until the day of payment (exclusive). The total	its communication by e-mail, or within 10 days from the
C-22562/D/700/29 Dec 2015			1 January 2016			value of the penalty interest may not exceed the value of the amount due. otherwise.	date of sending the invoice,

C 22/15 Feb 2018; AA4 /15 Feb 2018 C 61/4 Apr 2018 C 1466/27 Mar 2018	Providing the representation service as Balancing Responsible Party	1,454.10	15 February 2018	indefinite	N/A	If due to his sole fault the Provider fails to fulfill its obligations under the contract, the Purchaser has the right to deduct from the tariff established by the contract an amount equal to a percentage of 1.5% of the tariff established according to Annex 2. If the Purchaser does not fulfill any payment obligation arising under the Contract, he has the obligation to pay as penalties an amount equivalent to a percentage of the unpaid payment. The percentage for each day of delay is that of the interest due for not paying on time the obligations for the state budget. The same penalties will be charged for any amounts due by the Purchaser based on the contract.	The invoice will be paid by the provider / purchaser within 3 financial days from the date of its receipt
C-1345/I/7000/23 Jan 2019; AD2/18 Dec 2020	Re-invoicing buildings rental services	68.04	1 January 2019	31 December 2023	N/A	In case of not fulfilling the payment obligations on the due date, the tenant has the obligation to pay, as penalties, an amount equivalent to 0.02% of the unpaid amount on time, for each day of delay, starting with the next day after the due date until actual payments.	Payment is made within 10 working days from the date of registration of the invoice by the tenant.
C-320/14 Sept 2007; AD54/30 Dec 2020	Telecommunications services	14.05	14 September 2007	30 June 2021	N/A	If the beneficiary does not pay the invoices until the due date, he has the obligation to pay, as penalties, an amount equivalent to the percentage of interest due for not paying the obligations to the state budget in due time, to the amount not paid on time for each day of delay starting with the	Payment is made within 10 working days from the date of registration of the invoice by the Beneficiary
	Re-invoicing telecommunications services	8.91				next day of the due date until the date of the actual payment, inclusive. The amount of the penalties may not exceed the amount on which it is calculated.

C-319/14 Sept 2007; AD52/23 Dec 2020	IT services	95.75	1 August 2007	30 June 2021	N/A	If the beneficiary does not pay the invoices until the due date, he has the obligation to pay, as penalties, an amount equivalent to the percentage of interest due for not paying the obligations to the state budget in due time, from the unpaid amount for each day of delay starting with the next day of the due date until the date of the actual payment. The amount of the penalties may not exceed the amount on which it is calculated.	Payment is made within 10 working days from the date of registration of the invoice by the Beneficiary
				Services provider:	DEER-MN
				Beneficiary: EFSA
R102263/30 Mar 2016	Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator	89,620.72	1 April 2016	indefinite	N/A	In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.	Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.
	Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator - interventions in the distribution network (EDN)	12.24				If the supplier does not pay the invoices issued by the distribution operator within 30 days from the due date, the distribution operator will claim delay penalties of 0.01% for each day of delay, calculated at the unpaid amount, starting with the first day after the due date, until the day of payment (exclusively). The value of the penalties may not exceed the amount due.	Payment is made within 30 days from the date of issuing the invoice.

R107203/28 Jul 2015	Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator	374.98	1 August 2015	indefinite	N/A	In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.	Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.
R112651/16 Dec 2015	Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator	114.14	1 January 2016	indefinite	N/A	In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.	Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.
2630/01 Mar 2018	Re-invoicing common expenses (security services)	2.51	1 March 2018	indefinite	N/A	0.001% of the amount not paid on time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The value of the penalties may not exceed the amount due	Payment is made within 60 calendar days from the date of registration of the invoice by the beneficiary
17831/17 Feb 2020	Re-invoicing common	2.72	1 March 2019	31 December	N/A	N/A	Payment is made within 30 days from the date of
26497/10 Mar 2020	expenses		1 February 2020	2021			issuance of the invoice

10335/01 Aug 2007	Re-invoicing common expenses	32.03	1 August 2007	31 July 2021	N/A	For delays in paying the invoices, the beneficiary will pay penalities of 0.1%/day of delay, starting with the first day after the due date until the day of payment (exclusive)	Payment is made within 30 days from the date of registration of the invoice by the beneficiary
	Optical fiber rental	3.92				If the beneficiary does not pay the invoices within 15 days from the due date, the Provider is entitled to claim	Payment is made within 10
580/108/27 Sept 2007 AD 49 / 30 Dec 2020	Re-invoicing telecommunications services	1.59	1 August 2007	30 June 2020	N/A	penalties for the unpaid amount, for each day of delay, corresponding as a percentage to the delay penalties for non-payment of obligations to the budget state, starting from the day	days from the date of registration of the invoice by the beneficiary
	Providing telecommunications services	17.65				after the due date until the day of payment (exclusively). The amount of the penalties may not exceed the amount due.	Payment is made within 60 days from the date of registration of the invoice by the beneficiary
	Providing IT services	138.71				If the beneficiary does not pay the invoices issued by the provider within
R4990/31 Oct 2012, AD 18/30 Dec 2020	Re -invoicing IT services	18.90	1 November 2012	30 June 2021	N/A	30 days from the due date, the Provider is entitled to claim penalties of 0.04% per day of delay, calculated at the unpaid amount. The value of the calculated penalties may not exceed the amount due.	Payment is made within 60 days from the date of registration of the invoice by the beneficiary
17223/12.05.2021	Network connection works	0.13	12 May 2021	5 years from the date of commissioning of the connection installation	N/A	If the user (non-household customer) does not comply with the contractual obligations, he must pay back the design and execution of the connection installation (RON 19,637 without VAT) to the operator the value of. If the operator does not fulfill its contractual obligations, it has the obligation to pay as penalties an amount equivalent to the interest due for not paying in due time the obligations to the state budget, corresponding to the total amount paid by the user under the contract, for each day of delay, until the effective fulfillment of the obligations.	The component of the connection tariff is paid in a single tranche, within 20 days from the date of signing the agreement

				Services provider/seller:	EFSA	If the user does not pay the amounts to the operator, he has the obligation to pay a penalty interest applied to the unpaid amount, corresponding as a percentage to the interest due for not paying in due time the obligations to the state budget, for each day of delay, until the date of payment (exclusive). Penalties may not exceed the total amount of payment
				Beneficiary/buyer: DEER-TN
22/15 Feb 2018; AD 4/16 Dec 2019; AD 5/31 Dec 2020	Providing the representation service as Balancing Responsible Party	824.10	1 January 2018	31 December 2021 with automatic extension for periods of 12 months according to AD 4/16 Dec 2019	N/A	If, through his sole fault, the Provider fails to fulfill its obligations under the contract, the Buyer has the right to deduct from the tariff established by the contract, as penalties, an amount equivalent to a percentage of 1.5% of the monthly tariff established.	Payment is made within 3 working days from the date of receipt of the invoice
Convention 72/26 Jan 2017, AD 2/1 Mar 2019, referring to rental services contract 885/31 Dec 2015	Re-invoicing common expenses	1.83	1 January 2017	31 December 2023	N/A	For delays in the payment of the invoice for more than 30 days from the due date, the lessor has the right to charge, and the lessee has the obligation to pay, delay penalties of 0.03% applied on the amount due, for each calendar day of delay, starting with the first day after the due date. The value of the penalties may not exceed the value of the outstanding debt.	Payment is made within 10 days from the date of registration of the invoice with the tenant
Convention 13/2 Feb 2017 referring to rental services contract 885/31 Dec 2015	Re-invoicing common expenses	0.08	1 January 2017	31 December 2023	N/A	N/A	Payment is made within 10 days from the date of registration of the invoice with the tenant
Convention 21/18 Feb 2010	Re-invoicing common expenses - water/sewage	0.02	19 January 2010	indefinite	N/A	Failure to pay the invoice within 10 days from the due date, authorizes FEE Electrica Furnizare Transilvania Nord Oradea to receive late-payment penalties equal to the level of late payment penalties charged by	The due date of the invoice is 10 days from the date of registration of the invoice at SDEE Oradea.

						Compania de Apa Oradea, applied to the amount due for each day of delay, starting with the day after the due date and until the date of settlement of the amount due, exclusively.
Services provider/seller: EFSA Beneficiary/buyer: DEER-TS
876/31 Dec 2015, AD 3/18 Jan 2019	Re-invoicing utilities expenses	11.80	1 January 2016	31 December 2023	N/A	In case of failure to pay the obligations on the due date, the tenant has the obligation to pay, as penalties, an amount equivalent to 0.02% of the amount not paid on time, for each day of delay, starting with the day after the due date, until on the date of actual payment.	Payment of the invoice will be made by transfer within 10 working days from the date of registration of the invoice by the tenant
				Services provider/seller:	EFSA
				Beneficiary/buyer: DEER
268/29 Aug 2007; AD 16/18 Feb 2020 – TN	Re-invoicing – pensioners			During the		If the beneficiary does not pay the value of the invoices within 30 calendar days from the due date, the beneficiary owes the supplier penalties of 0.04% for each day of delay, starting with the 31st day from the due date and until full payment of the invoice. The value of the penalties may not exceed the value of the amount paid.	The payment of the issued invoices is made, by legal instruments, within 30 days from their registration to the beneficiary.
C49/7 Sept 2007; AD 138/3 Aug 2020 - TS	energy quota Equivalent value of electricity granted to individuals benefiting from the provisions of GD.1041/2003 and GD.1461/2003	220.52	1 August 2017	period GD 1041/2003 is in force, as it was completed and modified by GD 1461/2003	N/A	If the beneficiary does not pay the value of the invoices within the stipulated terms, he owes the supplier penalties in the amount equal to the one provided for failing to pay the obligations to the State Budget for each day of delay, starting with the due date and until full receipt of the invoice. The amount of the penalties may not exceed the value of the amount on which they were calculated.	The payment of the equivalent value of the invoice will be made through the legal modalities, within the deadline of 30 calendar days from the receipt at the payer's headquarters. In case of payment of the invoice by bank instruments, the date of payment will be considered the date of registration of the amount at the bank where the payment was made. In case of payment by clearing, the payment date will be

			considered the date of completion of the clearing documents.
R84/31 Aug 2007; AD 8/15 Jan 2020 - MN		If the payer does not pay the invoice within 30 days from the due date, he owes the provider penalties of 0.1% for each day of delay, starting with the first day after the due date and until full payment, including the day of payment. The amount of the penalties will not exceed the value of the invoice.	Payment of the invoice will be made by legal means within the deadline of 30 calendar days from the date of registration of the invoice at the payer's premises.

Total executed amount during 9 April – 27 May 2021, based on contract without fix value: RON 200,123.21 th

Due and not due mutual debts of EFSA to DEER at 26.05.2021: RON 134,410.62 th.

Due and not due mutual debts of DEER to EFSA at 26.05.2021: RON 8,307.59 th.