Transactions reported acc. to Romanian law

RNS Announcement

RNS Number : 2092E

Societatea Energetica Electrica SA

04 November 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: 3 November 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 reported according to Art. 92³ para (12) of Law No. 24/2017 concluded by Electrica Furnizare S.A. (EFSA), subsidiary of Societatea Energetica Electrica S.A. (Electrica), with OPCOM

Electrica informs its shareholders and investors about the conclusion, between 2-3 November 2020, of several transactions between EFSA, Electrica's subsidiary, and OPCOM, 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 between 2-3 November 2020, 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 EFSA with OPCOM between 2-3 November 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 transactions	Amount (RON th.)	Invoice number/date	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties (RON th.)	Payment due dates and payment methods
	Buyer: EFSA Seller: OPCOM
OPCOM and EFSA	Convention No. 11426 / 25 Aug 2011	Sell - purchase of electricity - DAM	10,036.48	0014061/ 31.10.2020	25 August 2011	N/A	25,000		Invoices are issued on the last day of the delivery month. Payment is made until the 10^th calendar day of the following month
OPCOM and EFSA	Convention No. 11426 / 25 Aug 2011	Trading tariff - DAM	12.82	0009597/ 31.10.2020	25 August 2011	N/A	25,000
OPCOM and EFSA	Convention PCCB-NC 3876/2015 Convention PCCB-LE 3878/2015 Convention PCCB LE FLEX 26829/2020 Convention PC OTC 19546/2014 Convention PC SU 14098/2018 Convention PI/2017; Convention PVC 90958/2017 Convention PC ESRE CV 6235/2019	Trading tariff - IM	0.02	0009310/ 31.10.2020	19 January 2015 19 January 2015 26 May 2020 2 April 2014 20 April 2018 19 January 2017 11 October 2017 30 September 2019	N/A	3,500		Invoices are issued on the last day of the delivery month. Payment is made until the 10^th calendar day of the following month
	Buyer: OPCOM Seller: EFSA
EFSA and OPCOM	Convention No. 11426 / 25 Aug 2011	Amount of sale of electricity - DAM	4,440.04	EFSA202010000028 /31.10.2020	25 August 2011	N/A			Invoices are issued on the last day of the delivery month. Payment is made until the 10^th calendar day of the following month
EFSA si OPCOM	Convention for Participation on the Intraday Market / 19 Jan 2017	Amount of sale of electricity - IM	1.52	EFSA202010000031/ 31.10.2020	19 January 2017	N/A			Invoices are issued on the last day of the delivery month. Payment is made until the 10^th calendar day of the following month of delivery.
Total transactions amount (RON th.):			14,490.88

Due and not due mutual receivables of EFSA to OPCOM at 30.10.2020: RON (1,219.38)* th.

Due and not due mutual debts of EFSA to OPCOM at 30.10.2020: RON (6,218.38)* th.

*The negative balance as per 30.10.2020 is due to the receipts / payments made during the month, in relation to the transactions carried out on the DAM, according to OPCOM's procedure regarding settlement of transactions carried out on DAM

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RNS metadata

Title: Transactions reported acc. to Romanian law
Time: 07:00:04
Date: 4 Nov 2020
Category: Miscellaneous
ID: 2092E