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Current Report No.: 40/2022

Title: Signing of a letter of intent on the purchase of shares in Lubelski Węgiel "Bogdanka" S.A. by the State Treasury
Date: 2022.18.06
Report no.:  Current Report No.: 40/2022

Current Report No.: 40/2022

Date of Preparation: 18 June 2022

Issuer's Abbreviated Name: ENEA S.A.

Subject: Signing of a letter of intent on the purchase of shares in Lubelski Węgiel "Bogdanka" S.A. by the State Treasury

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

Body of the report:

The Management Board of ENEA S.A. ("Company") hereby reports that on 18 June 2022 it signed a letter of intent with the State Treasury regarding a potential purchase by the State Treasury of 21,962,189 shares in Lubelski Węgiel "Bogdanka" S.A. ("LWB"), representing 64.57% of LWB's share capital ("Transaction").

The Company and the State Treasury ("Parties") have committed themselves to taking, in good faith, all steps necessary to prepare and execute the Transaction involving the purchase by the State Treasury of all 21,962,189 LWB shares ("Shares") from the Company. The letter of intent will remain in effect until 31 December 2023.

These steps are consistent with the "ENEA Group Development Strategy until 2030 with an outlook to 2040" and are in line with the government's plans for the reorganization of conventional power sector in Poland.

The document serves only as an expression of the Parties' intention to establish cooperation and lay down the principles for the conduct of negotiations between them regarding the subject matter thereof.

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.