Current Report No.: 18/2025

Current Report No.: 18/2025

Date of Preparation: 21 May 2025

Issuer's Abbreviated Name: Enea S.A.

Subject: Signing of a loan agreement from the National Recovery and Resilience Plan

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 on 21 May 2025 it entered into a loan agreement with Bank Gospodarstwa Krajowego ("BGK") in the amount of PLN 9.13 billion ("Loan Agreement"). The loan was granted from the National Recovery and Resilience Plan ("NRRP") under Investment G3.1.4 entitled "Support for the Polish power system (Power Sector Support Fund)" as part of Component G (RePowerEU), in compliance with the "Rules for the Call for Applications to receive loans for electricity networks granted by BGK."

The funds from the Loan Agreement may only be spent on refinancing eligible expenses to be incurred by the Issuer's subsidiary, Enea Operator sp. z o.o. ("Enea Operator"), for the development of electricity distribution infrastructure in north-western Poland in order to improve the quality and security of electricity supply and to support the energy transition process by increasing the Enea Operator electricity network's capacity to cooperate with renewable energy sources, including with the use of smart grid technologies.

The financing provided under the Loan Agreement will be transferred in full to Enea Operator under an intra-group loan agreement to be entered into between the Issuer and Enea Operator on terms not less favorable than those specified in the Loan Agreement.

In accordance with the provisions of the Loan Agreement, in the event of an increase in the pool of funds available under Investment G3.1.4, the amount of financing provided to the Company may be increased, which will require the signing of pertinent annexes to the Loan Agreement.

The funds provided under the Loan Agreement bear interest at a fixed annual rate of 0.5% and will be disbursed in tranches in 2025-2036. The loan principal will be repaid in installments every six months, with the final repayment date in 20 May 2050.