Current Report No.: 10/2015

Title: Conclusion of the share purchase agreement in PGE EJ1 sp. z o.o.
Date: 2015.15.04
Report no.:  Current Report No.: 10/2015

Current Report No.: 10/2015

Date of preparation: 15.04.2015

Short name of issuer: ENEA S.A.

Subject: Conclusion of the share purchase agreement in PGE EJ1 sp. z o.o.

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

Content of report:

Pursuant to the current reports No. 30/2014 of 3 September 2014 relating to the conclusion of the Shareholder Agreement within the project of preparation and construction of the atomic power plant and 31/2014 of 9 October 2014 regarding the approval of the President of the Office for Competition and Consumer Protection for the concentration, the Board of ENEA S.A. informs that on 15 April 2015 ENEA S.A., KGHM Polska Miedź S.A., PGE Polska Grupa Energetyczna S.A. ("PGE") and TAURON Polska Energia S.A. concluded a share purchase agreement in PGE EJ1 sp. z o.o. ("Agreement") - a special purpose vehicle which is responsible for the preparation and realisation of the investment being the construction and exploitation of the first atomic power plant in Poland with the capacity of around 3,000 MWe ("Project").

In relation to the conclusion of the Agreement, ENEA S.A., KGHM Polska Miedź S.A. and TAURON Polska Energia S.A. purchased 10% of shares from PGE (a total of 30% of shares) in PGE EJ1 sp. z o.o. ENEA S.A. will pay PLN 16 mln for the purchased shares.

Pursuant to the Shareholder Agreement of 3 September 2014 the parties will jointly, in the proportion to number of shares held, finance the operations as part of the preliminary stage of the Project ("Preliminary stage"). The Preliminary stage is to specify such elements as potential partners, including the strategic partner, providers of technologies, EPC (Engineering, Procurement, Construction) contractors, suppliers of atomic fuel and competence based preparation of PGE EJ1 sp. z o.o. to the role of the atomic power plant's operator, responsible for its safe and efficient exploitation ("Preliminary Proceedings").

Parties to the Shareholder Agreement foresee that the subsequent decisions relating to the Project, including the decisions relating to the declaration of further participation of particular Parties in the next stage of the Project, will be made after the completion of the Preliminary stage directly before making the final decision within the Integrated Proceedings.

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.