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Transactions related parties - DSOs and EFSA

RNS Announcement

RNS Number : 3853C

Societatea Energetica Electrica SA

16 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: 16 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 distribution companies and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)

Electrica informs its shareholders and investors about the conclusion, between 14 - 15 October 2020, of several transaction between Societatea de Distributie a Energiei Electrice Transilvania Nord (SDTN), Societatea de Distributie a Energiei Electrice Transilvania Sud (SDTS), Societatea de Distributie a Energiei Electrice Muntenia Nord (SDMN) and EFSA, Electrica's subsidiaries, 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 transaction concluded between 14 - 15 October 2020 by SDTN, SDTS and SDMN, as services providers/beneficiaries, with EFSA, as beneficiary/services provider, containing information about the date of execution, type of transactions, description of its 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 transaction concluded by SDTN and EFSA on 14-15 October 2020 of the kind listed in Art. 92³ of Law No. 24/2017

Parties of the transaction

Agreement Type and No., execution date

Scope of the agreement

Amount (RON th.)

Invoice Number / Date

Date of entry into force

Expiry date

Guarantees (RON th.)

Penalties

Payment due dates and payment methods

Service provider: SDTN

Beneficiary: EFSA

SDTN and EFSA

Agreement 22/15 Feb 2018 and Concession contract 61/4 Apr 2018

Providing representation service as the Party Responsible for Balancing

(1.04)

AFFTN 9710008216 / 15.10.2020 AFFTN 9710008215 / 15.10.2020

27 February 2018

31 December 2020, with the possibility of extension without completing any formality, for periods of 12 months, if neither party requests the cancellation of the contract at least 30 days before the expiration of its duration

Interest due for not paying the obligations to the state budget in due time, applied starting with the first day after the due date; (Percentage valid at the date of reporting: 0.02%)

If the provider fails to fulfill its obligations under the contract, the purchaser has the right to deduct from the tariff established by the contract, as penalties, an amount equivalent to a percentage of 1.5% of the monthly tariff

Payment is made within 3 working days from the date of receipt of the invoice

SDTN and EFSA

487/29 Aug 2007;
AA 42/17 Dec 2019

Telecommunications services

14.05

AFFTN 9710008214 / 15.10.2020
CJFTN 9110267673 / 15.10.2020
SMFTN 9410101890 / 15.10.2020
BNFTN 9510082289 / 15.10.2020
BNFTN 9510082275 / 15.10.2020
SJFTN 9610057360 / 15.10.2020
BHFTN 9210159380 / 15.10.2020

1 August 2007

31 December 2020

The beneficiary will pay, beside the amount due, a penalty to this amount, corresponding as a percentage of the interest due for non-payment on time of the obligations to the state budget, for each day of delay compared to the due date, until the day of payment (exclusively).

Payment is made within 30 working days from the date of receipt of the invoice. Payment of invoices can also be made by compensation in compliance with the legislation in force.

SDTN and EFSA

Convention 50277/22 Feb 2016, AD 52630A/10 Oct 2019 - Bistrita

Re-invoicing utilities expenses

7.37

BNFTN 9510082274 / 15.10.2020

1 Januaryy 2016

31 December 2023

For delays in the payment of the invoice longer than 30 days from the due date, the lessor has the right to charge, and the lessee has the obligation to pay, late payment penalties in amount of 0.03% applied to the amount due for each calendar day of delay, starting with the first day after due-date. The value of the penalties will not exceed the value of the outstanding debt

Payment is made within 10 days from the date of registration of the invoice to the tenant.

Convention 17/ 28 Feb 2019

8.06

CJFTN 9110267681 / 15.10.2020

1 March 2019

Convention 70022/5 Jan 2017, AD 71117A/18 Jul 2018 - Zalau

0.80

SJFTN 9610057358 / 15.10.2020

1 January 2017

Convention E12.2.59/08.03.2011 - utilities breakdown Oradea headquarters

1.28

BHFTN 9210159381 / 15.10.2020

1 February 2011

Penalties equal to the level of the increase in amounts due to the state budget, due to not paying at due date the fiscal obligations; are applied after 30 days from the due date

Service provider: EFSA

Beneficiary: SDTN

EFSA and SDTN

22/15 Feb 2018

Representation service as the Party Responsible for Balancing

15.94

5719/ 14.10.2020

1 January 2018

31 December 2020

Payment is made within 3 working days from the date of receipt of the invoice

Transactions total amount (RON th.):

46.46

Due and not due mutual debts of EFSA to SDTN at 14.10.2020: RON 76,690.63 th.

Due and not due mutual debts of SDTN to EFSA at 14.10.2020: RON 684.98 th.

Details regarding the transaction concluded by SDTS and EFSA on 14-15 October 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 transactions	Amount of transaction (RON th.)	Invoice Number / Date	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
Service provider: SDTS Beneficiary: EFSA
SDTS and EFSA TS	C-3831/D/700/ 15 Mar 2016 and AA8/18 Jun 2020	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	295.67	7190009540/ 15.10.2020 7190009545/ 15.10.2020	15 March 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). There are 30 days of grace period	Payment is made within 10 working days from the date of receipt of the invoice.
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	1.89	1090123783/ 15.10.2020	15 March 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 MN	C-14893/D/700/9 Sept 2015	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	0.09	7190009532/ 15.10.2020	9 September 2015	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). There are 30 days of grace period	Payment is made within 10 working days from the date of receipt of the invoice.
	C-16091/D/700/28 Sept 2015				28 September 2015	N/A
	C-22046/D/700/21 Dec 2015				21 December 2015	N/A
	C-22050/D/700/21 Dec 2015				21 December 2015	N/A
	C-22255/D/700/22 Dec 2015				22 December 2015	N/A
	C-22562/D/700/29 Dec 2015				29 December 2015	N/A
Service provider: EFSA Beneficiary: SDTS
EFSA and SDTS	23/15 Feb 2018	Providing representation service as Balancing Responsible Party	(0.02)	5655 / 14.10.2020	1 February 2018	31 January 2021	0	0	Payment is made within 3 working days from the date of receipt of the invoice
Transactions total amount (RON th.):			297.63

Due and not due mutual debts of EFSA to SDTS at 14.10.2020: RON 70,295.63 th.

Due and not due mutual debts of SDTS to EFSA at 14.10.2020: RON 880.90 th.

Details regarding the transactions concluded by EFSA with SDMN on 14 October 2020 of the kind listed in Art. 92³ of Law No. 24/2017

Services provider: EFSA

Beneficiary: SDMN

Parties of the transaction	Agreement Type and No., execution date	Scope of the transactions	Amount (RON th.)	Invoice Number / Date	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
EFSA and SDMN	21/15 Feb 2018	Representation service as the Party Responsible for Balancing	0.12	5654 / 14.10.2020	1 February 2018	31 January 2021	0	0	Payment is made within 3 working days from the date of receipt by email / fax
Transactions total amount (RON th.):			0.12

Due and not due mutual debts of EFSA to SDMN at 13.10.2020: RON 49,455.07 th.

Due and not due mutual debts of SDMN to EFSA at 13.10.2020: RON 741.90 th.

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RNS metadata

Title: Transactions related parties - DSOs and EFSA
Time: 16:38:08
Date: 16 Oct 2020
Category: Miscellaneous
ID: 3853C