Current report No.: 31/2008

Title: Summary of stabilization transactions
Date: 2008.22.12
Report no.:  Current report No.: 31/2008

Current report No.: 31/2008

Date prepared: 22 December 2008

Short name of issuer: ENEA S.A.

Subject: Summary of stabilization transactions

Legal basis: Other regulations

Content of the report:

Acting pursuant to Article 9 par. 3 of Commission Regulation (EC) No. 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and Council with regard to exemptions for buy-back programmes and the stabilization of financial instruments, the Management Board of ENEA S.A. (the “Company") announces that between 17 November 1008 and 16 December 2008 Credit Suisse Securities (Europe) Limited, acting as the Stabilization Manager, took action to stabilize the price of rights to the Company’s series C shares in accordance with rules presented in the issue prospectus published on 23 October 2008. In connection with the above, the Company’s Management Board hereby presents a list of stabilization transactions carried out by the Stabilization Manager with regard to rights to series C shares.

Moreover, the Company’s Management Board announces that Credit Suisse (Europe) Limited, as the Stabilization Manager, has been exercising the stabilization option by virtue of the Underwriting Agreement concluded between the Company, the Stabilization Manager, Bank Zachodni WBK S.A. and Dom Maklerski BZ WBK S.A. on 22 October 2008. As part of exercising the aforementioned stabilization option, the Stabilization Manager sold the Company a total of 1,129,608 rights to series C shares with a total maximum number of 1,557,242 rights to series C shares under this option.


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