Transactions related parties - SDTS, SDTN and EFSA

RNS Announcement

RNS Number : 1643F

Societatea Energetica Electrica SA

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

Electrica informs its shareholders and investors about the conclusion, on 11 November 2020, of several transactions between Societatea de Distributie a Energiei Electrice Transilvania Nord S.A. (SDTN) and EFSA, respectively between Societatea de Distributie a Energiei Electrice Transilvania Sud S.A. (SDTS) 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 transactions concluded on 11 November 2020, 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 transaction concluded by SDTN with EFSA on 11 November 2020 of the kind listed in Art. 92³ of Law No. 24/2017

Service provider: SDTN

Beneficiary: EFSA

Parties of the transaction	Agreement Type and No., execution date	Scope of the agreement	Amount (RON th.)		Invoice Number	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
SDTN and EFSA TN	103/10 Mar 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 - other services provided as a distribution operator	0.40		SJFTN9610057736 / 11.11.2020	1 April 2016	N/A	0	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 (exclusively). The total amount of penalty interest may not exceed the amount due. There are 30 days of grace period. (Percentage valid at the date of reporting: 0.02%)	The issuing of the invoice with the amount for the contractual month ended is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of receipt of the invoice.
Transactions total amount (RON th.):				0.40

Due and not due mutual debts of EFSA to SDTN at 10.11.2020: RON 38,055.91 th.

Due and not due mutual debts of SDTN to EFSA at 10.11.2020: RON 780.00 th.

Details regarding the transaction concluded by SDTS with EFSA on 11 November 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 agreement	Amount (RON th.)		Invoice Number	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 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	(161.57)*		7190009626 /11.11.2020	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.
Transactions total amount (RON th.):				(161.57)

* Negative value is due to an error's correction for an installation invoiced through invoice no. 7190009619/9.11.2020

Due and not due mutual debts of EFSA to SDTS at 10.11.2020: RON 72,806.99 th.

Due and not due mutual debts of SDTS to EFSA at 10.11.2020: RON 678.63 th.

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RNS metadata

Title: Transactions related parties - SDTS, SDTN and EFSA
Time: 14:04:19
Date: 12 Nov 2020
Category: Miscellaneous
ID: 1643F