Current Report No.: 16/2017

Current Report No.: 16/2017

Date of publication: 09.05.2017

Short name of issuer: Enea S.A.

Subject: Information on preliminary financial results for Q1 2017

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. (the Company) on 9 May 2017 on preliminary financial results of Enea Capital Group for Q1 2017, the Company decided to publish the preliminary financial results for Q1 2017 which are presented below.

Consolidated financial results of Enea Capital Group for Q1 2017:

Net sales revenue: PLN 2,710 mln

EBITDA: PLN 666 mln

EBIT: PLN 383 mln

Net profit: PLN 321 mln

EBITDA in individual areas of operations:

Trade: PLN 51 mln

Distribution: PLN 262 mln

Generation: PLN 202 mln

Mining: PLN 178 mln *

Non-consolidated financial results of Enea S.A. for Q1 2017:

Net sales revenue: PLN 1,490 mln

EBITDA: PLN 42 mln

EBIT: PLN 41 mln

Net profit: PLN 80 mln

The result before tax generated in Q1 2017 was affected by e.g. valuation of the purchase option of shares in Polimex - Mostostal S.A. in the amount of PLN 53 mln, which was recognised in financial revenue; the valuation includes the price of shares in Polimex - Mostostal S.A. as at 31 March 2017.

The final financial results will be published in the extended consolidated quarterly report of Enea Capital Group for Q1 2017 which is to be published on 25 May 2017.

* The difference in the method of recognising EBITDA of LW Bogdanka CG and the area of mining in Enea CG stems from the method of recognising amortisation and depreciation and presentation adjustments.