Current Report No.: 36/2023

Current Report No.: 36/2023

Date of Preparation: 21 August 2023

Issuer's Abbreviated Name: ENEA S.A.

Subject: Receipt of a proposal to purchase shares in Lubelski Węgiel Bogdanka S.A.

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

Body of the report:

In reference to Current Report No. 40/2022 of 18 June 2022 regarding the signing of a letter of intent on the acquisition of shares in Lubelski Węgiel Bogdanka S.A. ("LWB") by the State Treasury, the Management Board of ENEA S.A. ("Issuer", "Company") hereby reports that on 21 August 2023 it received from the State Treasury, represented by the Minister of State Assets, a proposal to purchase a block of 21,962,189 LWB shares held by ENEA S.A. for a price of PLN 45 per share ("Proposal").

In accordance with the Proposal, the purchase of the said block of shares will be effected under Article 9a(1)(1) of the Act of 16 December 2016 on the Rules for Managing State Property, without a tender offer pursuant to Article 75(3)(2) of the Act of 29 July 2005 on Public Offerings and the Terms and Conditions for Introducing Financial Instruments to an Organized Trading System and on Public Companies. The price for the block of LWB shares held by ENEA S.A. will be settled in the form of Treasury securities transferred through the Reprivatization Fund.

At the same time, in the Proposal, the Minister of State Assets informed the Company that the President of the Office of Competition and Consumer Protection ("UOKiK") confirmed the absence of an obligation to notify and obtain the consent of the UOKiK President for the transaction, and that the Polish Financial Supervision Authority ("KNF") confirmed the stance of the Ministry of State Assets that the transaction in question is in compliance with the Act on Public Offerings and the Terms and Conditions for Introducing Financial Instruments to an Organized Trading System and on Public Companies.

The Issuer will now review the Proposal. Its potential acceptance will be subject to the Company obtaining the necessary corporate approvals.