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Current Report No.: 43/2020

Title: Date of Preparation: 1 October 2020
Date: 2020.01.10
Report no.:  Current Report No.: 43/2020

Current Report No.: 43/2020

Date of Preparation: 1 October 2020

Issuer's Abbreviated Name: ENEA S.A.

Signing of a letter of intent on the purchase of an equity stake in PGE EJ 1 Sp. z o.o.

Legal Basis: Article 17(1) of the Market Abuse Regulation - confidential information

Body of the report:

With reference to Current Report No. 10/2015 regarding the signing of an agreement to purchase shares in PGE EJ 1 sp. z o.o., the Management Board of ENEA S.A. ("Issuer") hereby reports that on 1 October 2020 it signed a letter of intent with the State Treasury ("State Treasury"), on the acquisition by the State Treasury of a 100% equity stake in PGE EJ 1 sp. z o.o. ("Letter of Intent" or "LoI").

The Letter of Intent has been signed by all shareholders of PGE EJ 1 sp. z o.o. (besides the Issuer, these are KGHM Polska Miedź S.A., PGE Polska Grupa Energetyczna S.A. and TAURON Polska Energia S.A.). The company is responsible for the preparation and execution of an investment project involving the construction and operation of Poland's first nuclear power plant. The issuer holds a 10% equity stake in PGE EJ 1 sp. z o.o.

The signatories of the Letter of Intent have committed themselves to taking, in good faith, all steps necessary to prepare and execute a transaction involving the acquisition by the State Treasury of an equity stake in PGE EJ 1 sp. z o.o. ("Transaction"). The State Treasury's intent, as expressed in the LoI, is to purchase shares in PGE EJ 1 sp. z o.o. by 31 December 2020, although the parties have not set any end date of the LoI's term of validity. The Letter of Intent does not require the parties to execute the Transaction eventually. The decision as to whether or not to execute the Transaction is contingent on the outcome of the negotiations between the parties and the fulfillment of other conditions provided for in the applicable laws or corporate documents.

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.