Transactions related parties EFSA - OPCOM

RNS Number : 9849O

Societatea Energetica Electrica SA

13 October 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: 13 October 2021

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

Headquarters: 9 Grigore Alexandrescu Street, 1^st 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. 108 para (12) of Law No. 24/2017 concluded by Electrica Furnizare SA (EFSA), subsidiary of Societatea Energetica Electrica SA (Electrica), with OPCOM

Electrica informs its shareholders and investors about the conclusion, on 4 October 2021, of several transactions between EFSA, Electrica's subsidiary, and OPCOM, that have a value that, cumulated with the rest of the transactions concluded/executed in the period 4 August - 4 October 2021, 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 4 October 2021, together with the rest of the transactions already concluded in the period 4 August - 4 October 2021, 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.

CEO

Georgeta Corina Popescu

Annex 1: Details regarding the transactions concluded by EFSA with OPCOM in the period 4 August - 4 October 2021 of the kind listed in Art. 108 of Law No. 24/2017

Agreement Type and No., execution date	Scope of the agreement	Amount of transactions	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties (RON th.)	Payment due dates and payment methods
Buyer: EFSA Seller: OPCOM
Convention No. 38156/ 18 Aug 2021	Sell - purchase of electricity - DAM	172,693.85	18 August 2021	undetermined	25,000	-	OPCOM S.A. issues the invoices with the date of the last day of the delivery month and sends them, electronically signed, by e-mail, to the DAM Participants in the first three working banking days of the month following the delivery month. The DAM participant has the obligation to ensure the necessary funds in the current account opened with the Settlement Bank, in order to debit the amounts related to the value of the net payment obligations.
Convention No. 38156/ 18 Aug 2021	Trading and administration tariffs - DAM	87.75	18 August 2021	undetermined	N/A	-	The invoice is issued and sent electronically (by e-mail) in the first 3 working days of the month following the month in which the electricity sale / purchase transactions were made. The payment of the invoice is made by the participant at the respective market, entirely by bank transfer, with payment order, in maximum 5 (five) working days from the date of receipt of the invoice.
Convention PCCB-NC 38105/ 17 aug 2021 Convention PCCB LE FLEX 38104/ 17 aug 2021 Convention PCCB LE FLEX 26829/2020 Convention PC OTC 38107/ 17 aug 2021 Convention PC SU 20013/2018 Convention PCV 38108/ 17 aug 2021; Convention PVC 90958/2017 Convention PC ESRE CV 38106/ 17 aug 2021	Trading tariff PCCB-NC Trading tariff PCCB-LE FLEX Trading tariff PC PC-OTC Trading tariff PC SU Trading tariff PCV Trading tariff PC ESRE CV	495.51	17 August 2021 17 August 2021 17 August 2021 20 April 2018 17 August 2021 17 August 2021	undetermined	N/A	-	The invoice related to the bilateral trans T value (to which VAT is added, as the case may be) is sent electronically (by e-mail) in the first 3 working days of the month following the month in which the electricity sale-purchase transactions were made. Payment by bank transfer, with payment order, in maximum 5 working days from the date of receipt of the invoice.
Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021	Sell - purchase of electricity - IM	10,303.38	17 August 2021	undetermined	3,500	-	OPCOM S.A. issues the invoices with the date of the last day of the delivery month and sends them, electronically signed, by email, to the Participants in the IM in the first three working banking days of the month following the month of delivery. The IM participant has the obligation to ensure the necessary funds in the current account opened at the Settlement Bank, in order to debit the amounts related to the value of the net payment obligations.
Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021	Trading and administration tariffs - IM	5.38	17 August 2021	undetermined	N/A	-	The invoice is issued and sent electronically (by e-mail) in the first 3 working days of the month following the month in which the electricity sale / purchase transactions were made. The payment of the invoice is made by the participant at the respective market, entirely by bank transfer, with payment order, in maximum 5 (five) working days from the date of receipt of the invoice.
Convention NGM - short term 42678/2019 Convention NGM - long term 42679/2019	Trading tariff - NGM Trading tariff - REMIT	1.60	26 August 2019	undetermined	N/A	-	The invoice is sent electronically (by e-mail), monthly, to the contractual partner, in the first 5 working days of the month following the month for which the services are provided and will include 1/12 of the annual value of each tariff (to which VAT is added as appropriate). Payment is made in maximum 5 working days from the date of receipt of the invoice.
Buyer: OPCOM Seller: EFSA
Convention No. 38156/ 18 Aug 2021	Sell - purchase of electricity - DAM	27,787.06	18 August 2021	undetermined	N/A	-	DAM participants issue invoices, with the date of the last day of the delivery month and send them to OPCOM S.A. by e-mail / fax, in the first three working banking days of the month following the month of delivery and in original or with electronic signature, at the latest by the 10^th of the month following the month of delivery.
Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021	Sell - purchase of electricity - IM	7,802.27	17 August 2021	undetermined	N/A	-	IM Participants issue the invoices, with the date of the last day of the delivery month and send them to OPCOM S.A. by e-mail / fax, in the first three working banking days of the month following the month of delivery and in original or with electronic signature, at the latest by the 10^th of the month following the month of delivery.

Total executed amount during 4 August - 4 October 2021: RON 219,176.80 th.

Due and not due mutual receivables of EFSA to OPCOM at 29.09.2021: RON -188,13 th.

Due and not due mutual debts of EFSA to OPCOM at 29.09.2021: RON 79.082,67 th.

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END

MSCUORORAKURAAA

Date	13 Oct 2021
Time	14:12:24
Category	Miscellaneous
ID	9849O

Date	13 Oct 2021
Time	14:12:24
Category	Miscellaneous
ID	9849O

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Transactions related parties EFSA - OPCOM