Current Report No.: 2/2015

Current Report No.: 2/2015

Date of preparation: 21.01.2015

Short name of issuer: ENEA S.A.

Subject: Reduction of the Bond Issue Programme's value under the programme agreement and the underwriting agreement for bonds issued by ENEA Wytwarzanie Sp. z o.o.

Legal basis: Article 56 item 5 of the Act on Offerings - Information update

Content of report:

In relation to the current report No. 34/2012 of 8 September 2012 regarding the conclusion by ENEA S.A. (Company, Guarantor), ENEA Wytwarzanie Sp. z o.o. (formerly: ENEA Wytwarzanie S.A.) (Subsidiary) and mBank S.A. (formerly: BRE BANK S.A.) of the Programme Agreement relating to the Bond Issue Programme up to the amount of PLN 4,000 mln (Programme Agreement, Programme), the Company's Board informs that on 21 January 2015 an annex was concluded to the Programme Agreement under which the value of the Programme Agreement is reduced to the amount of PLN 3,000 mln. The other terms of the Programme Agreement remain unchanged.

Along with the annex to the Programme Agreement, on 21 January 2015 the Guarantor and the Subsidiary concluded an annex to the Bond issue underwriting agreement (Underwriting Agreement). Pursuant to the annex the value of the Subsidiary's bonds, whose issue is underwritten by the Company, was adjusted to the current value of the Programme and reduced to the amount of PLN 3,000 mln. The other terms of the Underwriting Agreement remain unchanged.

The goal of the reduction of the Programme's value is decreasing the related costs and optimisation of available financing sources.

At the same time, the Company informs that as at the date of publication of this current report the Subsidiary issued bonds of a total value of PLN 860 mln within the Programme Agreement mentioned above.