Current report No.: 24/2008

Title: Purchase of shares of a significant value by ENEA S.A.
Date: 2008.12.12
Report no.:  Current report No.: 24/2008

Current report No.: 24/2008

Date prepared: 12 December 2008

Short name of issuer: ENEA S.A.

Subject: Purchase of shares of a significant value by ENEA S.A.

Legal basis: Article 56 par. 1 pt. 2 of the Act on Offerings – current and periodic information

Content of the report:

Acting pursuant to Clause 5 par. 1.1 of the Regulation of the Minister of Finance on current and periodic information published by issuers of securities of 19 October 2005 (the “Regulation"), the Management Board of ENEA S.A. (the “Issuer") announces that on 11 December 2008 the Issuer purchased 9,120 shares of Przedsiębiorstwo Energetyki Cieplnej Sp. z o.o. with its registered office in Oborniki (the “Company") with a nominal value of PLN 500 each, which is 87.99 per cent of the share capital and votes at the shareholders meeting of the Company. Prior to the transaction, the Issuer did not hold any shares in the Company. Oborniki District (Gmina Oborniki) is the seller, represented by the Mayor of Oborniki. The price for which the Issuer purchased the aforementioned shares was PLN 11,628,000. No connections exist between ENEA S.A. or persons managing or supervising ENEA S.A. and the seller of the shares or persons managing it. The Issuer’s own funds are the source from which the share purchase is financed. The book value of the purchased shares in the Issuer’s books corresponds to the purchase price. The share purchase has the character of a long-term investment. Under the agreement, ENEA S.A. intends to remain the principal, comprehensive and strategic partner of Oborniki District with respect to the supply of electricity, heating and street lighting, and it expects Oborniki District to jointly instigate this cooperation and remain a shareholder of Przedsiębiorstwo Energetyki Cieplnej Sp. z o.o. in Oborniki. The shares purchased constitute over 20 per cent of the share capital of Przedsiębiorstwo Energetyki Cieplnej Sp. z o.o. and therefore qualify as significant assets within the meaning of Clause 2 par. 5 of the Regulation.

The purchase of shares of Przedsiębiorstwo Energetyki Cieplnej Sp. z o.o. constitutes the implementation of measures described in the issue prospectus that are intended to increase control over costs connected with carrying out obligations under legal provisions regulating obligations with respect to renewable energy sources and energy generated in cogeneration.

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