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Current Report No.: 17/2018

Title: The conclusion of the public contract awarding procedure under the name "Construction of Ostrołęka Power Plant C with approx. 1,000 MW power output"
Date: 2018.04.04
Report no.:  Current Report No.: 17/2018

Current Report No.: 17/2018

Date of preparation: 4 April 2018

Short name of Issuer: ENEA S.A.

Legal basis: Art. 17 section 1 of MAR - confidential information

Subject: The conclusion of the public contract awarding procedure under the name "Construction of Ostrołęka Power Plant C with approx. 1,000 MW power output"

Content of report:

In relation to the Current Report No. 15/2018, the Management Board of ENEA S.A. ("Issuer") hereby informs that on 4 April 2018 it gained knowledge of the conclusion by the company Elektrownia Ostrołęka sp. z o.o. ("Ordering party") of the public contract awarding procedure under the name "Construction of Ostrołęka Power Plant C with approx. 1,000 MW power output" ("Procedure", "Contract") by selecting Consortium of GE Power Sp. z o.o. and Alstom Power System S.A.S, as the General Contractor, whose bid was to execute the subject matter of the Contract in compliance with the parameters set out in the offer for the amount of PLN 5,049,729,000.00 net, PLN 6,023,034,950.00 gross.

The conclusion of the procedure is not equivalent to:

-the consent given to enter into a contract with the General Contractor - in order to give such a consent it is necessary to obtain, among other things, the prior consent of the Issuer's Supervisory Board;

-the agreement to issue a Notice To Proceed (NTP) - the issue of NTP requires, among others, prior consent of the Issuer's Supervisory Board and prior qualified consent of the Issuer's General Meeting to enter the Construction Stage.

It is estimated that the capital expenditure related to the conclusion of the agreement between the Ordering party and the General Contractor until the NTP is issued will not exceed the equivalent of 4% of the price under the contract.

The Issuer will provide further information on the Contract in separate current reports.

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.