Transactions affiliated parties-SDMN,SDTS and EFSA

RNS Announcement

RNS Number : 7813Z

Societatea Energetica Electrica SA

22 September 2020

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: 22 September 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 (BVB) and London Stock Exchange (LSE)

Significant events to be reported: Transactions with related parties according to Art. 92³ para (12) of Law No. 24/2017 concluded between two electricity distribution companies and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)

Electrica informs its shareholders and investors about the conclusion, on 21 September 2020, of 3 transactions between Societatea de Distributie a Energiei Electrice Muntenia Nord (SDMN) and EFSA, respectively of one transaction between Societatea de Distributie a Energiei Electrice Transilvania Sud (SDTS), Electrica's subsidiaries, based on agreements without fix price, that have a value that, cumulated with the rest of the transactions concluded/executed in the last 12 months, exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, respectively exceeds the value of RON 199,406,795.

Details regarding the transactions concluded on 21 September 2020 by SDMN and SDTS, as services providers, with EFSA, as beneficiary, containing information about the date of execution, type of transactions, description of their scope, total value of the transactions, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.

Chief Executive Officer

Georgeta Corina Popescu

Annex 1

Details regarding the transactions concluded by SDMN with EFSA on 21 September 2020 of the kind listed in Art. 92³ of Law No. 24/2017

Service provider: SDMN

Beneficiary: EFSA

Parties of the transaction	Agreement Type and No., execution date	Scope of the transactions	Amount (RON th.)	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
SDMN and EFSA MN	580/108/27 Sept 2007 Contract without fix price	Re-invoicing telecommunications services	0.37	1 August 2007	31 December 2020	0	0.001% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period	Payment is made within 60 days from the date of registration of the invoice by the beneficiary.
SDMN and EFSA MN	580/108/27 Sept 2007 Contract without fix price	Re-invoicing telecommunications services	0.24	1 August 2007	31 December 2020	0
SDMN and EFSA MN	R4990/31 Oct 2012 Contract without fix price	Re-invoicing IT services	4.76	1 November 2012	31 December 2020	0	0.04% calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period	Payment is made within 60 days from the date of registration of the invoice by the beneficiary
Transactions total amount (RON th.):			5.36
Due and not due mutual debts of EFSA to SDMN at 18.09.2020 (RON th.):			94,946.28
Due and not due mutual debts of SDMN to EFSA at 18.09.2020 (RON th.):			898.94

Details regarding the transactions concluded by SDTS with EFSA on 21 September 2020 of the kind listed in Art. 92³ of Law No. 24/2017

Service provider: SDTS

Beneficiary: EFSA

Parties of the transaction	Agreement Type and No., execution date	Scope of the transactions	Amount (RON th.)	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
SDTS and EFSA TS	C-3831/D/700/ 15 Mar 2016 and AA2/01 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 - Providing other services as distribution operator	0.56	1 August 2016	N/A	0	0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each 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 receipt of the invoice
Transactions total amount (RON th.):			0.56
Due and not due mutual debts of EFSA to SDTS at 18.09.2020 (RON th.):			35,647.16
Due and not due mutual debts of SDTS to EFSA at 18.09.2020 (RON th.):			635.77

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RNS metadata

Title: Transactions affiliated parties-SDMN,SDTS and EFSA
Time: 17:05:17
Date: 22 Sept 2020
Category: Miscellaneous
ID: 7813Z