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Transactions reported acc. art. 92 3 Law 24/2017

RNS Announcement

RNS Number : 3067F

Societatea Energetica Electrica SA

13 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: 13 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

Electrica informs its shareholders and investors about the conclusion, on 12 November 2020, of several transaction between:

- Electrica Furnizare SA (EFSA) and Societatea de Distributie a Energiei Electrice Transilvania Nord SA (SDTN), Societatea de Distributie a Energiei Electrice Transilvania Sud SA (SDTS), Societatea de Distributie a Energiei Electrice Muntenia Nord SA (SDMN), Electrica's subsidiaries;

- EFSA and Transelectrica SA (TEL),

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 12 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 EFSA with SDTN on 12 November 2020 of the kind listed in Art. 92³ of Law No. 24/2017

Service provider: EFSA

Beneficiary: SDTN

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

EFSA and SDTN

22/15 Feb 2018

Representation service as the Party Responsible for Balancing

1.25

5865 / 12.11.2020

1 January 2018

31 December 2020 with automatic renewal

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

Transactions total amount (RON th.):

1.25

Due and not due mutual debts of EFSA to SDTN at 11.11.2020: RON 38,004.49 th.

Due and not due mutual debts of SDTN to EFSA at 11.11.2020: RON 780.00 th.

Details regarding the transaction concluded by EFSA with SDTS on 12 November 2020 of the kind listed in Art. 92³ of Law No. 24/2017

Service provider: EFSA

Beneficiary: SDTS

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
EFSA and SDTS	23/15 Feb 2018	Providing representation service as Balancing Responsible Party	(0.09)*	5844 / 12.11.2020	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.):			(0,09)

* The invoice includes reversal of PRE EFSA services - variable and fixed tariffs of September 2020, according to the contract, as well as reversal of negative imbalance on the Balancing Market in September 2020

Due and not due mutual debts of EFSA to SDTS at 11.11.2020: RON 72,614.73 th.

Due and not due mutual debts of SDTS to EFSA at 11.11.2020: RON 762.01 th.

Details regarding the transactions concluded by EFSA with SDMN on 12 November 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 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

EFSA and SDMN

21/15 Feb 2018

Representation service as the Party Responsible for Balancing

(3.81)*

5879 / 12.11.2020

1 February 2018

31 January 2021

Payment is made within 3 working days from the date of receipt by email / fax

Transactions total amount (RON th.):

(3.81)

* the invoice includes reversal of PRE EFSA services - variable and fixed tariffs of September 2020, according to the contract

Due and not due mutual debts of EFSA to SDMN at 11.11.2020: RON 46,146.36 th.

Due and not due mutual debts of SDMN to EFSA at 11.11.2020: RON 855.75 th.

Details regarding the transactions concluded by EFSA and TEL on 12 November 2020 of the kind listed in Art. 92^3 of Law No. 24/2017

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 (RON th.)	Payment due dates and payment methods
Buyer: EFSA Seller: TEL
TEL and EFSA	Convention No. 275 / 19 Oct 2020 Contract without fix price	Sale and purchase of electricity between the parties, as a result of production / consumption imbalances of BRP that were offset by Transelectrica on the balancing market in accordance with the provisions of the regulations in force.	184.38	1632 / 12.11.2020 1634 / 12.11.2020 1643 / 12.11.2020 1644 / 12.11.2020	1 September 2020	N/A	6,911	0	Payment is made within a maximum of 5 working days from invoice's issuance date
Buyer: TEL Seller: EFSA
EFSA and TEL	Convention No. 275 / 19 Oct 2020 Contract without fix price	Sale and purchase of electricity between the parties, as a result of the production / consumption imbalances of PRE that were offset by Transelectrica on the balancing market in accordance with the provisions of the regulations in force.	28.01	5919 / 12.11.2020 5920 / 12.11.2020 5921 / 12.11.2020	1 September 2020	N/A	0	0	Payment is made within a maximum of 5 working days from invoice's issuance date
Transactions' total amount (RON th.):			212.39

Due and not due mutual receivables of EFSA to TEL at 11.11.2020: RON (140.00) th.

Due and not due mutual debts of EFSA to TEL at 11.11.2020: RON 0 th.

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RNS metadata

Title: Transactions reported acc. art. 92 3 Law 24/2017
Time: 12:58:47
Date: 13 Nov 2020
Category: Miscellaneous
ID: 3067F