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Current Report No.: 23/2016

Title: Information on preliminary financial results for H1 2016
Date: 2016.09.08
Report no.:  Current Report No.: 23/2016

Current Report No.: 23/2016

Date of preparation: 09.08.2016

Short name of issuer: Enea S.A.

Subject: Information on preliminary financial results for H1 2016

Legal basis: Article 17 item 1 of MAR - confidential information

Content of report:

In relation to the information obtained by the Management Board of Enea S.A. (Company, Issuer) on 9 August 2016 on preliminary financial results of Enea Capital Group for the first half of 2016 (H1 2016), the Company decided to publish the financial results for the above mentioned period.

Consolidated financial results of Enea Capital Group for H1 2016:

Net sales revenue: PLN 5,599 mln

EBITDA: PLN 1,207 mln

EBIT: PLN 611 mln

Net profit: PLN 471 mln

Non-consolidated financial results of Enea S.A. for H1 2016:

Net sales revenue: PLN 2,736 mln

EBITDA: PLN 23 mln

EBIT: PLN 22 mln

Net profit: PLN 539 mln

The above mentioned results were negatively affected by e.g. a one-off event related to the establishment of a write-down of the carrying value of assets from the area dealing with energy generation from renewable sources (Segment of Generation, Renewable Energy Sources, Area of Wind). The write-down mentioned above was established in relation to the entry into force of the act of 20 May 2016 on investments within wind power plants.

Impact on the consolidated financial statements of Enea Capital Group

The test results in the Segment of Generation indicate the assets carrying value impairment that will be included in the consolidated financial statements of Enea Capital Group in the total amount of PLN 42 mln.

Impact on the non-consolidated financial statements of Enea S.A.

In the non-consolidated financial statements of Enea S.A. for H1 2016 the performed tests demonstrate the necessity of recognising asset carrying value impairment write-down in Enea Wytwarzanie Sp. z o.o. totalling to PLN 42 mln.

At the same time, the Issuer informs that the final financial results for the above mentioned period will be published in the extended consolidated semi-annual report of Enea Capital Group for H1 2016 which is to be published on 26 August 2016.

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.