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Current Report No.: 36/2019/K

Title: Supplementation of information on selected definitions of Alternative Performance Measures applied in Current Report No. 36/2019
Date: 2020.14.01
Report no.:  Current Report No.: 36/2019/K

Current Report No.: 36/2019/K

Date of preparation: 14 January 2020

Short name of issuer: ENEA S.A.

Legal basis: Other regulations

Subject: Supplementation of information on selected definitions of Alternative Performance Measures applied in Current Report No. 36/2019

Content of report:

The Management Board of ENEA S.A. ("Company", "Issuer"), with reference to Current Report No. 36/2019 of 12 December 2019 concerning the approval of ENEA Capital Group's Development Strategy until 2030 with the perspective towards 2035 ("Strategy"), hereby provides below supplementary information concerning definitions of Alternative Performance Measures applied in the Strategy, subsequently made public in the aforementioned Current Report. The terms applied in Current Report No. 36/2019 of 12 December 2019 shall mean the following:

1. ROE - return on equity, understood as the value of consolidated net profit (loss) for the reporting period divided by the value of consolidated equity at the end of the reporting period;

2. ROA - return on assets, understood as the value of consolidated net profit (loss) for the reporting period divided by the value of consolidated total assets at the end of the reporting period;

3. EBITDA - the value of, respectively, operating profit (loss) + depreciation and amortisation + impairment losses on non-financial fixed assets (consolidated values for the reporting period).

Moreover, the Issuer informs that the above definitions of Alternative Performance Measures and methodologies of their calculation are the same as the definitions and methodologies of calculating the same measures in periodical reports of ENEA Capital Group. The above definitions can also be found in the glossary of terms and abbreviations available on the Issuer's website (https://ir.enea.pl/slownik [in English: https://ir.enea.pl/en/glossary]).

Information on ROE, ROA and EBITDA measures calculated for particular reporting periods is periodically monitored and presented in subsequent periodical reports of the Issuer. The Issuer points out that, regardless of all due diligence exercised, due to the validity period of the Strategy and the possibility of externalities, as well as the resulting unpredictability of factors which may affect the measures presented in the Strategy and their values, they cannot be treated as operational or financial forecasts, but only as measures of the implementation of the Strategy, which will be pursued by the Company during its validity period.

In addition, the Company explains other terms applied in the Strategy, subsequently made public in Current Report No. 36/2019 of 12 December 2019:

1. New Business Line - products or services other than those provided / rendered by ENEA Capital Group companies as at the date of approval of the Strategy;

2. R&D&I - Research, Development and Innovation activity.

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.