Current Report No.: 7/2019

Title: Recommendation of the Company's Management Board on 2018 net profit distribution
Date: 2019.05.04
Report no.:  Current Report No.: 7/2019

Current Report No.: 7/2019

Date of preparation: 5 April 2019

Short name of issuer: ENEA S.A.

Subject: Recommendation of the Company's Management Board on 2018 net profit distribution

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

Content of report:

The Management Board of ENEA S.A. ("Company", "Issuer") hereby informs that on 5 April 2019 it adopted a resolution regarding the distribution of the Company's net profit for the 2018 financial year, in accordance with which the Management Board recommends the distribution of the Issuer's net profit of PLN 727,136 thousand generated in the period from 1 January 2018 to 31 December 2018 to be effected in such a manner that 100% of the net profit be allocated to increase reserve capitals for the purposes of financing investments.

The recommendation of the Company's Management Board to allocate 100% of the net profit generated in the 2018 financial year to the reserve capitals is motivated by the Group's significant investment needs resulting from, inter alia, the plans specified in "ENEA Capital Group's Development Strategy until 2030", on which the Company informed in Current Report No. 29/2016.

At the same time, the guiding principle of ENEA S.A.'s dividend policy shall remain that in the future any dividend payments be made depending on the amount of the profit generated by the Company and the Company's financial capacities.

The Company informs that along with the adoption of the aforementioned resolution the Issuer's Management Board resolved to apply to the Company's Supervisory Board for issuing an assessment of the adopted recommendation. At the same time, the Company explains that the final decision on the distribution of the net profit for the 2018 financial year will be made by the Ordinary General Meeting of ENEA S.A.

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.