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Current Report No.: 8/2008

Title: Entering PWE Gubin into the commercial register of the National Court Register (KRS)
Date: 2008.17.11
Report no.:  Current Report No.: 8/2008

Current Report No.: 8/2008

Date prepared: 17 November 2008

Issuer abbreviation: ENEA S.A.

Subject: Entering PWE Gubin into the commercial register of the National Court Register (KRS)

Legal basis: Article 56.1.2 of the Act on the Public Offering – current and periodical information

Contents of the report:

The Management Board of ENEA S.A. (the “Issuer", the “Company") hereby informs that on 17 November 2008, it was notified that the District Court in Zielona Góra, 8th Commercial Division of the National Court Register, issued the decision to register PWE Gubin Sp. z o.o. with its registered office in Sękowice (PWE Gubin). The registration of PWE Gubin became effective as of 13 November 2008.

The incorporation of PWE Gubin is part of implementing the Issuer’s strategy for vertical integration, as set out in the prospectus for the issue of its class C shares. The corporate purpose of the new vehicle is searching for lignite deposits in Gubin and Brody districts, located in the vicinity of the German border, and subsequently, constructing an open-pit mine and a power plant.

The share capital of PWE Gubin is PLN 1,000,000, of which the Issuer holds 500 shares with a total nominal value of PLN 500,000, which constitutes 50 per cent of the share capital, and gives the Issuer 50 per cent of the votes at the company’s Shareholders Meeting. The above shares were subscribed for at their nominal price. The book value of the above shares as recorded in the Issuer’s books of account is PLN 500,000. The second shareholder of the newly-formed company, Kopalnia Węgla Brunatnego KONIN S.A. with its registered office in Kleczew, holds the remaining 500 shares with a total value of PLN 500,000, which constitutes 50 per cent of the share capital and gives Kopalnia Węgla Brunatnego KONIN S.A. 50 per cent of the votes at the company’s Shareholders Meeting.

The shares held by the Issuer constitute more than 20 per cent of the share capital of PWE Gubin, and thus meet the criteria of assets of substantial value, as set out in par. 2.5 of the Regulation of the Finance Minister concerning current and periodical information to be provided by issuers of securities of 19 October 2005.

Having in mind the diverse and international nature of Enea SA's shareholding, and also the provisions of the Best Practices of WSE Listed Companies, Enea SA guarantees the availability of its website also in English. In case of any interpretation doubts and discrepancies between the Polish and English versions, the Polish version shall prevail.