Current Report No.: 28/2024

Current Report No.: 28/2024

Date of Preparation: 1 July 2024

Issuer's Abbreviated Name: ENEA S.A.

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

Subject: Information on approval by the ERO President of the electricity tariff for Tariff Group G

Body of the report:

The Management Board of ENEA S.A. ("Company") hereby reports that on 1 July 2024 the Company assessed the impact on the Trading Area's financial performance of the electricity tariff for customers in Tariff Group G, as approved on 28 June 2024 by the President of the Energy Regulatory Office ("ERO President") for the period from 1 July 2024 to 31 December 2025.

The electricity sales prices approved by the ERO President are significantly lower than the tariffs approved on 15 December 2023, which were expected to come into effect for the whole of 2024. The change in the tariffs in effect to date was caused by the provisions of the Act of 23 May 2024 on the Energy Voucher and Amendments to Certain Acts to Restrict the Prices of Electricity, Natural Gas and System Heat.

According to the Company's analysis, the approved tariff will generate a loss on electricity sales to Tariff Group G customers estimated at approx. PLN 100 million in the second half of 2024, which will affect the Company's EBITDA. The Company estimates that, assuming no changes in the regulatory environment, the loss will be compensated in revenues generated in 2025.

The Company clarifies 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).