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Addendum at loan agreement with a subsidiary

RNS Announcement

RNS Number : 5059D

Societatea Energetica Electrica SA

19 February 2020

To: Bucharest Stock Exchange (BSE)

London Stock Exchange (LSE)

Romanian Financial Supervisory Authority (FSA)

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: 19 February 2020

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 (BSE) and London Stock Exchange (LSE)

Significant events to be reported: Addendum to a legal act of the kind listed in Art. 82 of Law No. 24/2017 concluded by Societatea Energetica Electrica SA (Electrica) in Semester I 2020 - Changing the maturity of the first tranche for reimbursement of the credit facility granted to SEM

Electrica informs its shareholders and investors about the conclusion, on 14 February 2020, of an addendum to a legal act with a value greater than EUR 50,000 with Servicii Energetice Muntenia SA (SEM), affiliate, where Electrica is the main shareholder.

Details regarding the addendum to the Loan Agreement concluded by Electrica, as Lender, with SEM, as Borrower, containing information regarding the date of execution, type of legal act, description of their scope, total value of the legal act, expiry date, mutual debts and receivables, guarantees, penalties, deadlines and payment due dates and payment methods are presented in Annex 1. The addendum concerns the prolongation of the maturity of the Tranche 1 for reimbursement of the credit facility up to 30 April 2020 (previously 31 January 2020).

The independent limited assurance report performed by a financial auditor regarding the transactions reported by Electrica according to Art. 82 of Law no. 24/2017 will be made public in maximum 30 days from the end of the reporting period according to the provisions of Art. 144 letter B para (4) of FSA Regulation no. 5/2018.

Chief Executive Officer

Georgeta Corina Popescu

Annex 1: Details regarding the addendum to a legal act of the kind listed in Art. 82 of Law No. 24/2017, concluded by Electrica in Semester I 2020

Lender: Societatea Energetica Electrica S.A.

Borrower: Servicii Energetice Muntenia SA

Company
(beneficiary)

Agreement Type and No., execution date

Scope of the agreement

Amount (RON th.)

Date of execution/ entry into force

Expiry date

Receivables/
Mutual debts

Guarantees (RON th.)

Penalties

Payment due dates and payment methods

Servicii Energetice Muntenia SA (SEM)

Addendum no. 4 to the Loan Agreement no. 167 / 29.05.2018

Credit facility

5,500

14 Feb 2020

30 Apr 2020

RON 5,565.3 th. receivable of Electrica from SEM

Mortgage agreement on an immovable property guaranteeing the fulfilment of the guaranteed obligations, respectively the repayment of the total amount of RON 5,500 th. and the payment of any penalty interest, fees, other taxes, as well as all the other costs

Lender: In case of non-payment of the loan (in whole or in part), the Lender reserves the right to charge late payment penalties of 0.01% for each day of delay, for the period between the day following the maturity of the loan amount its effectiveness.

For the Loan Amount, the Interest will be paid quarterly, based on the notification issued by the Lender in the first days of the current quarter for the previous quarter. The invoice for the interest calculated and payable will be paid within 30 days from the date of issue of the notification.

Tranche 1, in amount of RON 1,500 th., will be paid until
30 April 2020, the latest. The reimbursement of Tranche 2 will be made anytime during the validity of the loan, but no later than the expiry date of the entire tranche.

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END

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RNS metadata

Title: Addendum at loan agreement with a subsidiary
Time: 14:08:51
Date: 19 Feb 2020
Category: Miscellaneous
ID: 5059D