Current Report No.: 28/2025

Current Report No.: 28/2025

Date of Preparation: 17 July 2025

Issuer's Abbreviated Name: Enea S.A.

Subject: Signing of a contract for the construction of CCGT units

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

Body of the report:

With reference to the information contained in the most recent interim report concerning the intended execution of a gas-fired project by Enea Elkogaz sp. z o.o. ("Principal"), the Management Board of Enea S.A. ("Company", "Issuer") hereby reports that on 17 July 2025 its subsidiary Enea Elkogaz sp. z o.o. completed negotiations and signed a conditional contract with alk Enerji Sanayi ve Ticaret A.. ("EPC Contractor") for the design, delivery, construction and commissioning of two gas-fired combined cycle power units with associated infrastructure on an engineering, procurement and construction basis (EPC), operating in a combined cycle (CCGT) with gross capacity of 668 MWe each, and for the provision of maintenance services during the operation of the units (long-term service agreement, LTSA).

The net value of the EPC contract is PLN 6,378.00 million. The net value of the LTSA is USD 170.09 million.

The scheduled date of commissioning of the units is 31 March 2029 for the first one and 30 June 2029 for the other one.

The contract will be executed and enter into force upon the simultaneous fulfillment of the following conditions precedent:

1) execution by the Principal of a capacity contract for the units as a result of the capacity market top-up auction for the delivery year 2029 held on 17 July 2025 and announcement by the President of the Energy Regulatory Office of the final outcomes of the capacity market top-up auction,

2) notice from the European Commission, in accordance with Article 30(3) of Regulation (EU) 2022/2560 of the European Parliament and of the Council of 14 December 2022 on foreign subsidies distorting the internal market (OJ L of 2022 No. 330, p. 1, as amended; "FSR") that it has decided to refrain from initiating an in-depth investigation within the time limit set for the preliminary review, or that the European Commission has made the decision referred to in Article 31(1) or (3) of the FSR, or that the European Commission has otherwise determined - as a consequence of notifications prepared by the Contractor and General Electric Global Services GmbH spółka z o.o. oddział w Polsce and GE Global Parts _ Products GmbH - that no obstacles prevent the contract from entering into force in light of the FSR.

The contractual penalties provided for in the contract pertain to guaranteed parameters concerning capacity, efficiency, emissions, etc. The standard range of contractual penalties for this type of investment project has been applied.

The project is consistent with the assumptions of the "Enea Group Development Strategy until 2035", which calls for the construction of gas-fired combined cycle power units as new low-emission generation capacity solutions. The project will be carried out in pursuit of the Group's responsible energy transition plan towards climate neutrality and with a view to ensuring Poland's energy security. The project is an endeavor of the Enea Group to bring about change within the framework of sustainable development, which is based on three pillars: the environment, social responsibility and modern corporate governance.

In other respects, the provisions of the Contract do not deviate from the terms commonly used for these types of agreement.

Moreover, the Issuer explains that its intention is to report, by way of a subsequent current report, only the occurrence of circumstances preventing the fulfillment of the said conditions precedent to the Contract, and the Company will announce other important stages of the process by way of pertinent reports.