Fitch Ratings affirms a high rating of ENEA S.A.

The agency confirmed long-term ratings for the Company in national and foreign currency on the level of "BBB" and a long-term national rating at the level of "A(pol)". The outlook of the ratings is stable.

In the announcement of 30 April the agency justifies that the ratings affirmation reflects a large share of the segment of distribution in EBITDA result. It contributes to cash flow predictability and stabilises cash flows at a time when another key segment, power generation, is under pressure. The ratings reflect a balance of risks between a fairly stable distribution segment and a generation business with a challenging environment and high asset concentration.

-"We have been intensely working over the optimum use of our potential. We are restructuring the organisation so that it can face the challenges which the near future puts ahead of us. We are reducing fixed and operating costs, regenerating sales volumes, increasing the efficiency. We closed the previous year with a better financial result than the one expected by the market. All that contributes to a positive estimate of our operations by shareholders" – says Krzysztof Zamasz, President of the Board of ENEA S.A.

Fitch Ratings agency similarly rated ENEA S.A. already in 2012-2013. Additional information, including ratings definitions applied by the agency and principles of their application, criteria and methods used, and also limitations and exclusions of responsibility and documents concerning policies and procedures are available on the Agency's website www.fitchratings.com.