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Transactions related parties - SDTN, SDTS and EFSA

RNS Announcement

RNS Number : 5172G

Societatea Energetica Electrica SA

25 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: 25 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 24 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, 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 24 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 transactions concluded by SDTN and EFSA on 24 November 2020 of the kind listed in Art. 92³ of Law No. 24/2017

Service provider/seller: SDTN

Beneficiary/buyer: EFSA

Parties of the transactions

Agreement Type and No., execution date

Scope of transactions

Amount of transactions (RON th.)

Invoice Number / Date

Date of entry into force

Expiry date

Guarantees (RON th.)

Penalties

Payment due dates and payment methods

SDTN and EFSA

22/15 Feb 2018 and Concession contract 61/

4 Apr 2018

Representation service as the Party Responsible for Balancing

473.69

AFFTN9710008303/24.11.2020 AFFTN9710008304/24.11.2020

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

Transactions total amount (RON th.):

473.69

Due and not due mutual debts of EFSA to SDTN at 23.11.2020: RON 41,659.72 th.

Due and not due mutual debts of SDTN to EFSA at 23.11.2020: RON 3,702.44 th.

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

Service provider/seller: SDTS

Beneficiary/buyer: EFSA

Parties of the transactions	Agreement Type and No., execution date	Scope of transactions	Amount of transactions (RON th.)	Invoice Number / Date	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
SDTS and EFSA	C - 1782/S/7000/31 Jan 2018, C - 6153/N/7000 / 23 Mar 2018, AA1 -C18197/S/7000/31 Aug 2018, AA2 -C895/S/7000/17 Jan 2019, AA3 -C14639/S/7000/23 Jul 2019, AA4 -C25100/S/7000/29 Nov 2019, AA5 -C2027/S/7000/31 Jan 2020	Providing the representation service as Balancing Responsible Party	240.72	7090002849/ 24.11.2020	1 February 2018	31 January 2021	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 3 working days from the date of sending the invoice
Transactions total amount (RON th.):			240.72

Due and not due mutual debts of EFSA to SDTS at 23.11.2020: RON 38,165.12 th.

Due and not due mutual debts of SDTS to EFSA at 23.11.2020: RON 1,266.42 th.

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RNS metadata

Title: Transactions related parties - SDTN, SDTS and EFSA
Time: 14:19:01
Date: 25 Nov 2020
Category: Miscellaneous
ID: 5172G