Current Report No.: 51/2022

Current Report No.: 51/2022

Date of Preparation: 3 August 2022

Issuer's Abbreviated Name: ENEA S.A.

Subject: Execution of a conditional agreement to purchase shares in Polska Grupa Górnicza S.A.

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

Body of the report:

The Management Board of ENEA S.A. ("Company", "Issuer") hereby reports that on 3 August 2022 a conditional agreement was entered into for the purchase of shares in Polska Grupa Górnicza S.A. ("Conditional Share Purchase Agreement"). The sellers in the Conditional Share Purchase Agreement are ENEA S.A., ECARB SP. Z O.O., PGNiG TERMIKA S.A., PGE GÓRNICTWO I ENERGETYKA KONWENCJONALNA S.A., POLSKI FUNDUSZ ROZWOJU S.A., TOWARZYSTWO FINANSOWE SILESIA SP. Z O.O. and WĘGLOKOKS S.A., and the buyer is the State Treasury of the Republic of Poland ("State Treasury").

Under the Conditional Share Purchase Agreement, the Company will sell to the State Treasury all shares held by it in Polska Grupa Górnicza S.A. ("PGG"), namely 3,000,000 ordinary registered shares (representing 7.66% of PGG's share capital), for the total price of PLN 1 for all shares.

The value of the stake in PGG shares disclosed in the Company's standalone financial statements and in the ENEA Group's consolidated financial statements as at 31 March 2022 was PLN 0. The disposal of shares in PGG will not affect the net profit of either the Company or the ENEA Group in the reporting period.

The title to the shares in PGG will be transferred to the State Treasury if the National Support Center for Agriculture ("KOWR") refrains from exercising the pre-emptive purchase right vested in it pursuant to Article 3a(1) of the Act of 11 April 2003 on the Formation of the Agricultural System.

At the same time, the Issuer hereby clarifies that its intention is to follow up on the information contained herein by way of another current report only if circumstances occur preventing the performance of the Conditional Share Purchase Agreement, such as, in particular, the exercise by KOWR of the pre-emptive purchase right referred to above.