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Current Report No.: 70/2022

Title: Granting of a corporate guarantee for ENEA Trading's liabilities
Date: 2022.24.11
Report no.:  Current Report No.: 70/2022

Current Report No.: 70/2022

Date of Preparation: 24 November 2022

Issuer's Abbreviated Name: ENEA S.A.

Subject: Granting of a corporate guarantee for ENEA Trading's liabilities

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

Body of the report:

The Management Board of ENEA S.A. ("Issuer") hereby reports that on 24 November 2022 it granted a corporate guarantee to J.P. Morgan SE ("J.P. Morgan") for the liabilities of its subsidiary, ENEA Trading sp. z o.o. ("Subsidiary") up to the amount of USD 300,000,000. The liabilities include cash to be provided by J.P. Morgan to the Subsidiary due to forward transactions related to CO2 emission allowances executed by the Subsidiary.

The corporate guarantee covers the Subsidiary's liabilities towards J.P. Morgan existing as at the date of the corporate guarantee. The Issuer may terminate the corporate guarantee with immediate effect by delivering J.P. Morgan a notice of termination at least 30 business days in advance.

In parallel, in connection with the granting of the corporate guarantee, the Issuer and the Subsidiary, on the same date, entered into an agreement governing in particular the form of securing the Subsidiary's commitments towards the Issuer and the fee payable to the Issuer for granting the guarantee, which was determined on an arm's length basis.

source: biznes.pap.pl

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