Soecietatea Energetica Electrica S.A.

M&A Activity • Aug 1, 2022

To: Romanian Financial Supervisory Authority (FSA)

Bucharest Stock Exchange (BSE)

London Stock Exchange (LSE)

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

Report date: 1 August 2022

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 (BSE) and London Stock Exchange (LSE)

Significant events to be reported: Transactions with related parties according to Art. 108 of Law No. 24/2017 concluded by Electrica Furnizare SA (EFSA), subsidiary of Societatea Energetica Electrica SA (Electrica), with Societatea Nationala Nuclearelectrica S.A. (SNN)

Electrica informs its shareholders and investors about the conclusion, on 1 August 2022, of several transactions between EFSA, Electrica's subsidiary, and SNN, which have a cumulated value that exceed the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2021, respectively exceeds the value of RON 206,175,420. We mention that there were no other transactions concluded/executed in the period 19 July 2022 – 1 August 2022 (after the previous reporting).

Details regarding the transactions concluded on 1 August 2022, 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 the Annex.

Chief Executive Officer Alexandru-Aurelian Chirita

		Annex: Details regarding the transactions concluded by EFSA with SNN in the period 19 July 2022 - 1 August 2022 of the kind listed in Art. 108 of Law No. 24/2017
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No.	Transaction/Agreement Type	Execution Date	Scope of the transactions	Total amount (RON th)	Date of entry into force	Expiry date	Guarantees (RON th.)
	Buyer: EFSA Seller: SNN
	EFET Contract no. 1561/19 Dec 2018 on the CM-OTC market
1	ID 41869 transaction		Sell and purchase of electricity	86,724.00	1-Jan-23	31-Dec-23	For EFET contract no. 1561/19.12.2018 constituted the folowing guarantees: RON 36,675,75 th bank guarantee letter - EFSA - valid until 31 Jan 2023; RON 10,000.640 th - PCG from Soc. Energetica Electrica SA, valid until 31 Jan 2023; RON 2395.86 th - bank guarantee letter - EFSA - valid until 31 Dec 2023.
2	ID 41870 transaction	1-Aug-22		86,724.00
3	ID 41878 transaction			17,169.60
4	ID 41879 transaction			17,169.60
5	ID 41880 transaction			17,169.60
6	ID 41881 transaction			17,169.60
7	ID 41882 transaction			17,169.60
8	ID 41884 transaction			85,848.00
9	ID 41888 transaction			85,848.00

Penalties in the case of all the transactions above (1-9): In case of non-payment of the invoice on the due date, the Buyer will be obliged to pay delay penalties, in the amount of 0.03% of the amount due, for each day of delay, starting with the first day after the due date, until the due date, inclusively. The invoice issued for the penalties due will become due within 5 calendar days from the issuance. Total termination penalties can only be calculated at the time of termination, as they are calculated based on undelivered quantity.

Payment due dates and payment methods in the case of the transactions above(1-9): Starting with the last calendar day of the contractual delivery month, but not later than the tenth calendar day (10th) of the month following deliveries, the Seller will send to the Buyer an invoice detailing the total quantities of electricity delivered, according to the Schedule of delivery from the previous calendar month. Payment is made latest on the payment deadline written on the invoice, respectively not later than 20 calendar days from the date of receipt of the invoice, by fax or email, from the Seller.

Total executed during reporting period (19 July 2022 - 1 August 2022): RON 430,992.00 th Due and not due mutual receivables of EFSA to SNN on 29 July 2022: RON 55.99864 th Due and not due mutual debts of EFSA to SNN at 29 July 2022: RON 0 th