Transactions related parties - SDTS and EFSA

RNS Announcement

RNS Number : 3496B

Societatea Energetica Electrica SA

07 October 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: 6 October 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 by Societatea de Distributie a Energiei Electrice Transilvania Sud SA (SDTS) and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)

Electrica informs its shareholders and investors about the conclusion, on 5 October 2020, of several transactions between SDTS and EFSA, Electrica's subsidiaries, transactions 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 5 October 2020 by SDTS, as services provider, with EFSA, as beneficiary, 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.

Chief Executive Officer

Georgeta Corina Popescu

Annex 1: Details regarding the transactions concluded by SDTS with EFSA on 5 October 2020 of the kind listed in Art. 92³ of Law No. 24/2017

Services provider: SDTS

Beneficiary: EFSA

Parties of the transaction	Agreement Type and No., execution date	Scope of transactions	Amount of transaction (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 Contract without fix price	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 - other services as distribution operator	1.45	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
SDTS and EFSA TS	C-320/14 Sept 2007 and AA53 - C27470/S/700/ 30 Dec 2019 Contract without fix price	Telecommunications services	16.9	14 September 2007	31 December 2020	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 10 working days from the date of receipt of the invoice.
SDTS and EFSA TS	C-319/14 Sept 2007 and AA51 - C27472/S/700/30 Dec 2019 Contract without fix price	IT services	109.07	14 September 2007	31 December 2020	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 10 working days from the date of receipt of the invoice.
Transactions total amount (RON th.):			127.41

Due and not due mutual debts of EFSA to SDTS at 02.10.2020: RON 35,344.93 th.

Due and not due mutual debts of SDTS to EFSA at 02.10.2020: RON 588.11 th.

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RNS metadata

Title: Transactions related parties - SDTS and EFSA
Time: 07:00:04
Date: 7 Oct 2020
Category: Miscellaneous
ID: 3496B