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Current Report No: 18/2012

Title: Opinion of the Company's Supervisory Board on the Company's Board's recommendation concerning payment of the dividend
Date: 2012.28.05
Report no.:  Current Report No: 18/2012

Current Report No: 18/2012

Date of preparation: 28.05.2012

Short name of issuer: ENEA S.A.

Subject: Opinion of the Company's Supervisory Board on the Company's Board's recommendation concerning payment of the dividend

Legal basis: Article 56 item 1(2) of the Act on Offerings - current and periodic information

Content of report:

In relation to the current report No. 15/2012 of 10 April 2012 concerning adoption by the Company's Board of the resolution on recommendation to the Ordinary General Meeting of Shareholders to pay the dividend in the amount of PLN 106,551,000 from net profit for the period from 1 January 2011 to 31 December 2011 and acting pursuant to § 38 item 1(11) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information [...], the Board of ENEA S.A. ("Company") informs that the Supervisory Board of the Company, acting pursuant to Art. 382 § 3 and in relation to Art. 395 § 2 (2) of the Commercial Companies Code and § 20 item 2 (6) of the Company's Statute with the resolution No. 43/VII/2012 concerning the assessment of the motion of the Board concerning division of the net profit of ENEA S.A. for 2011 financial year, issued a negative opinion concerning the motion of the Company's Board in relation to the division of the net profit of ENEA S.A. for the period from 1 January 2011 to 31 December 2011 in a way indicated in the resolution of the Board No. 195/2012 of 10 April 2012. By force of the aforementioned resolution No. 43/VII/2012 the Supervisory Board recommends to the General Meeting adoption of a resolution concerning division of the net profit in the amount of PLN 355,169,000.00 as follows:

- distribution of the dividend for shareholders in the amount of PLN 211,892,437.44, i.e. PLN 0.48 of profit per one share,

- increase of reserve capitals designated for investment funding by PLN 143,276,562.56.

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.