Current Report No.: 14/2010

Current Report No.: 14/2010

Date prepared: 31 March 2011

Short name of issuer: ENEA S.A.

Subject: Notification of a change in the State Treasury’s share in the overall number of votes in ENEA S.A.

Legal basis: Article 70 par. 1 of the Act on Public Offerings – acquisition or disposal of substantial blocks of shares

Content of report:

Acting in accordance with Article 70 par. 1 of the Act on Public Offerings and the Conditions for Introducing Financial Instruments to the Organised Trading System and on Public Companies of 29 July 2005, the Management Board of ENEA S.A. announces that, on 30 March 2011, it received the following notification:

“Acting pursuant to Article 69 of the Act on Public Offerings and the Conditions for Introducing Financial Instruments to the Organised Trading System and on Public Companies of 29 July 2005 (Journal of Laws of 2009, No. 185, item 1439 as amended), the Minister of the State Treasury of the Republic of Poland hereby announces that circumstances indicated in Article 69 par. 2 pt. 2 of the Act on Public Offerings have occurred.

Date and type of occurrence causing the change in the share to which the notification refers.

A disposal of 4,463,978 (four million, four hundred sixty three thousand, nine hundred seventy eight) shares, constituting a 1.01 (one and one hundredth) per cent share

in the share capital of ENEA S.A. took place between 22 November 2010 and

22 March 2011 as a result of ENEA S.A. share transfer agreements being concluded between the State Treasury and the eligible employees and their beneficiaries,

pursuant to the Commercialisation and Privatisation Act of 30 August 1996 and the Act on the Terms and Conditions Governing the Acquisition of Shares from the State Treasury in the Process of Consolidating the Energy Sector of 7 September 2007.

OVERALL NUMBER OF SHARES (i.e. data taking into account registered shares and bearer shares held by the State Treasury in the share capital of ENEA S.A.)

Number of shares held before the change in the share, and their percentage share in the share capital of the company, as well as the number of voting rights from those shares and their percentage share in the overall number of voting rights:

(a) the number of shares held by the State Treasury in the share capital of ENEA S.A. before the change referred to in this notification was 233,624,813,

(b) the percentage of shares referred to in pt. (a) above in the share capital of ENEA S.A. was 52.92 per cent,

(c) the number of voting rights from shares indicated in pt. (a) was 233,624,813,

(d) the percentage of voting rights referred to in pt. (c) in the overall number of voting rights was 52.92 per cent.

Number of shares currently held, and their percentage share in the share capital of the company, as well as the number of voting rights from those shares and their percentage share in the overall number of voting rights:

(a) the number of shares currently held by the State Treasury in the share capital of ENEA S.A. (i.e. after the change referred to in this notification) is 229,160,835,

(b) the percentage of shares referred to in pt. (a) above in the share capital of ENEA S.A. is 51.91 per cent,

(c) the number of voting rights from shares indicated in pt. (a) is 229,160,835,

(d) the percentage of voting rights referred to in pt. (c) in the overall number of voting rights is 51.91 per cent.

REGISTERED SHARES (i.e. data exclusively taking into account registered shares held by the State Treasury in the share capital of ENEA S.A.)

Number of registered shares held before the change in the share, and their percentage share in the share capital of the company, as well as the number of voting rights from those shares and their percentage share in the overall number of voting rights:

(a) the number of registered shares held by the State Treasury in the share capital of ENEA S.A. before the change referred to in this notification was 8,488,873,

(b) the percentage of shares referred to in pt. (a) above in the share capital of ENEA S.A. was 1.92 per cent,

(c) the number of voting rights from shares indicated in pt. (a) was 8,488,873,

(d) the percentage of voting rights referred to in pt. (c) in the overall number of voting rights was 1.92 per cent.

Number of registered shares currently held, and their percentage share in the share capital of the company, as well as the number of voting rights from those shares and their percentage share in the overall number of voting rights:

(a) the number of registered shares currently held by the State Treasury in the share capital of ENEA S.A. (i.e. after the change referred to in this notification) is 4,024,895,

(b) the percentage of shares referred to in pt. (a) above in the share capital of ENEA S.A. is 0.91 per cent,

(c) the number of voting rights from shares indicated in pt. (a) is 4,024,895,

(d) the percentage of voting rights referred to in pt. (c) in the overall number of voting rights is 0.91 per cent.

BEARER SHARES (i.e. data exclusively taking into account bearer shares held by the State Treasury in the share capital of ENEA S.A.)

The number of bearer shares held by the State Treasury before the change in the share, their percentage share in the share capital of the company, as well as the number of voting rights from those shares and their percentage share in the overall number of voting rights did not change, and therefore:

(a) the number of shares held by the State Treasury in the share capital of ENEA S.A. before and after the change referred to in this notification was 225,135,940,

(b) the percentage of shares referred to in pt. (a) above in the share capital of ENEA S.A. is 51 per cent,

(c) the number of voting rights from shares indicated in pt. (a) is 225,135,940,

(d) the percentage of voting rights referred to in pt. (c) in the overall number of voting rights is 51 per cent."