Court Approval - merger of 2 energy services comp

To: Bucharest Stock Exchange (BSE)

London Stock Exchange (LSE)

Romanian Financial Supervisory Authority (FSA)

Current report in compliance with the Law no. 24/2017 on issuers of financial instruments and market operations, the Romanian Capital Market Law no. 297/2004, FSA Regulation no. 5/2018 on issuers of financial instruments and market operations and the Bucharest Stock Exchange Code

Report date: 18 September 2020

Company name: Societatea Energetică Electrica S.A.

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

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

Sole registration code at the trade register: 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: Approval by the Bucharest Court of the merger by absorption process of two energy services companies within the Electrica Group, respectively Societatea Filiala de Intretinere si Servicii Energetice "Electrica Serv" S.A. ("FISE Electrica Serv"), as absorbing company, and Servicii Energetice Muntenia S.A. ("SEMU"), as absorbed company

Electrica informs that, on 17 September 2020, the Bucharest Court, VI Civil Section, approved the merger request submitted by FISE Electrica Serv, as the absorbing company, respectively by SEMU, as the absorbed company, ascertained the legality of the merger process and approved the registration with the Trade Register of the corresponding merger mentions.

Further, as a result of the approval of the merger process by the court, the two participating companies will complete all the procedural and operational steps necessary to implement the merger starting with the effective date of 30 November 2020, the date from which the merger takes effect, according to the Merger Plan and to the Resolutions of the Extraordinary General Meetings of Shareholders of FISE Electrica Serv no. 5 as of 25 August 2020, respectively of SEMU no. 2 as of 25 August 2020 on the approval of the merger.

Therefore, the merger will produce its effects starting with the effective date, when SEMU, as absorbed company, will cease to exist, being dissolved without going into liquidation, and its assets and liabilities will be universally and by law transferred through the effect of the merger by absorption process to FISE Electrica Serv, as absorbing company, in exchange for the issuance of new shares in the share capital of the absorbing company in favour of the shareholder of the absorbed company, namely Societatea Energetica Electrica S.A.

Chief Executive Officer      

Georgeta Corina Popescu