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Current report no: 41/2019

Title: Information on the approval of the electricity tariff for the set of G tariff groups
Date: 2019.30.12
Report no.:  Current report no: 41/2019

Current report no: 41/2019

Date of preparation: 30.12.2019

Short Name of Issuer: ENEA S.A.

Subject: Information on the approval of the electricity tariff for the set of G tariff groups

Legal basis: Article 17(1) MAR - confidential information

Content of report:

The Management Board of ENEA S.A. ('Issuer', 'Company') hereby informs that on 30 December 2019, pursuant to the tariff for electricity for the set of G tariff groups for the period from 14 January to 31 March 2020 (‘Tariff'), approved on the same day by the President of the Energy Regulatory Office ('President of ERO'), the Management Board of ENEA S.A. assessed the impact of the Tariff on the expected financial results of the Company and the ENEA Capital Group for 2020.

The President of the ERO approved the electricity sales price for the consumers in the G tariff groups for ENEA S.A. at a level of PLN 289.37 per MWh on average.

With the above in mind and acting in accordance with IAS 37, the Company identified the need to create in Q4 2019 a provision for onerous contracts in the trading segment, which was initially estimated between PLN 70 and 147 million. At the same time the Company informs that the amount of the provision may change and its final value will be presented in the Issuer's interim report for 2019.

Having in mind the diverse and international nature of Enea SA's shareholding, and also the provisions of the Best Practices of WSE Listed Companies, Enea SA guarantees the availability of its website also in English. In case of any interpretation doubts and discrepancies between the Polish and English versions, the Polish version shall prevail.