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Transactions reported acc. to Romanian Law

RNS Announcement

RNS Number : 4442G

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: 24 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 23 November 2020, of several transaction between:

- 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) and Electrica Furnizare SA (EFSA), 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 23 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 23 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 transaction

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

Services provider: SDTN

Beneficiary: EFSA

SDTN and EFSA MN

32476/9 Dec 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 - other services provided as a distribution operator

0.70

CJFTN9110270928 / 23.11.2020

1 January 2016

N/A

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.

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.

SDTN and EFSA

Convention 60380/22 Feb 2016, AD 6/ 60376A/404/15 Feb 2019 - Satu Mare

Re-invoicing utilities expenses

0.18

SMFTN9410102788 / 23.11.2020

1 January 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.

Services provider/seller: EFSA

Beneficiary/buyer: SDTN

EFSA and SDTN

22/15 Feb 2018

Representation service as the Party Responsible for Balancing

2,203.55

5988 / 23.11.2020

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.):

2,204.43

Due and not due mutual debts of EFSA to SDTN at 20.11.2020: RON 41,658.67 th.

Due and not due mutual debts of SDTN to EFSA at 20.11.2020: RON 1,127.67 th.

Details regarding the transaction concluded by SDTS and EFSA on 23 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	280.55	5935 / 23.11.2020	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.):			280.55

Due and not due mutual debts of EFSA to SDTS at 20.11.2020: RON 38,226 th.

Due and not due mutual debts of SDTS to EFSA at 20.11.2020: RON 1,182.86 th.

Details regarding the transactions concluded by EFSA with SDMN on 23 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 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

117.64

5987 / 23.11.2020

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.):

117.64

Due and not due mutual debts of EFSA to SDMN at 20.11.2020: RON 92,734.11 th.

Due and not due mutual debts of SDMN to EFSA at 20.11.2020: RON 1,034.15 th.

Details regarding the transactions concluded by EFSA with TEL on 23 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 the agreement	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: TEL
TEL and EFSA	Convention No. 275 / 19 Oct 2020	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.	14,657.70	1719 / 23.11.2020 1751 / 23.11.2020	1 September 2020	N/A	6,911	0	Payment is made within a maximum of 5 working days from invoice's issuance date
TEL and EFSA	Convention no. 416 / 20 Dec 2013	Electricity transmission	23,163.24	2980 / 19.11.2020 2981 / 19.11.2020 1335 / 19.11.2020 1360 / 19.11.2020 3164 / 20.11.2020 1359 / 23.11.2020 1444 / 23.11.2020	20 December 2013	20 December 2023	22,600	0	Payment is made within a maximum of 10 working days from receipt of the invoice, to which is added 5 days of grace.
Buyer: TEL Seller: EFSA
EFSA and TEL	Convention No. 275 / 19 Oct 2020	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.	4,994.13	6016 / 23.11.2020 6017 / 23.11.2020 6018 / 23.11.2020	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.):			42,815.06

Due and not due mutual receivables of EFSA to TEL at 20.11.2020: RON (95.54) th.

Due and not due mutual debts of EFSA to TEL at 20.11.2020: RON 0 th.

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RNS metadata

Title: Transactions reported acc. to Romanian Law
Time: 07:00:05
Date: 25 Nov 2020
Category: Miscellaneous
ID: 4442G

Transactions reported acc. to Romanian Law | RNS | Ticker