Current Report No.: 38/2023

Current Report No.: 38/2023

Date of Preparation: 13 September 2023

Issuer's Abbreviated Name: ENEA S.A.

Subject: Information on the intention to include a non-recurring operation of an accounting nature in the consolidated financial statements for H1 2023

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

Body of the report:

The Management Board of ENEA S.A. ("Company", "Issuer") hereby reports that in connection with the preparation of financial statements (standalone and consolidated) for H1 2023 and the completion, on 13 September 2023, of analyses of the report on the estimation of the market value of the equity stake in Lubelski Węgiel Bogdanka S.A. ("LWB") received on 11 September 2023 in connection with the negotiation process concerning LWB shares, the need to recognize an impairment loss on property, plant and equipment in the mining segment has been identified.

This event will not affect the standalone financial statements of ENEA S.A.

However, it will affect the consolidated financial statements of the ENEA Group by reducing the its pre-tax profit by approx. PLN 749 million and net profit for the reporting period by approx. PLN 607 million. At the same time, this accounting operation will reduce the value of the mining segment's property, plant and equipment from approx. PLN 3 383 million to approx. PLN 2 634 million.

The event is a non-cash event and therefore it has no impact on either the consolidated or standalone EBITDA for the reporting period.

Please be advised that the final results will be presented in the ENEA Group's periodic report for H1 2023.

Please note that the term EBITDA is defined as the value of operating profit (loss) + depreciation and amortization + impairment losses on non-financial non-current assets (values for the reporting period).