Societatea Energetica Electrica S A : Current report – Transactions between related parties according to art. 92 ind. 3 Law 24/2017 – SDTN and Electrica Furnizare – 14 October 2020

Societatea Energetica Electrica S.A. 9, Grigore Alexandrescu str.

010621 District 1, Bucharest, Romania Phone: [phone]; Fax: [phone] Fiscal Registration Code RO 13267221 J40/7425/2000

Share capital: 3.464.435.970 RON www.electrica.ro

To:	Romanian Financial Supervisory Authority (ASF)
	Bucharest Stock Exchange (BVB)
	London Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code

Report date: 14 October 2020

Company name: Societatea Energetica Electrica S.A. (Electrica)

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no.: 004-021-2085999/004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB) and

London Stock Exchange (LSE)

Significant events to be reported: Transactions with related parties according to Art. 923 para

1. of Law No. 24/2017 concluded by Societatea de Distributie a Energiei Electrice Transilvania Nord (SDTN) and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)

Electrica informs its shareholders and investors about the conclusion, on 13 October 2020, of one transaction between SDTN and EFSA, Electrica's subsidiaries, that has a value that, cumulated with the rest of the transactions concluded/executed in the last 12 months, exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, respectively exceeds the value of RON 199,406,795.

Details regarding the transaction concluded on 13 October 2020 by SDTN, as services provider, with EFSA, as beneficiary, containing information about the date of execution, type of transactions, description of its scope, total value of the transactions, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.

Additionally, Electrica mentions that in the current report dated 12 October 2020 (IRIS Code (BSE) 00285, respectively RNS Code (LSE) 8325B) a clerical error was identified. The correct value of the transactions performed based on the Contract no. 103/10 Mar 2016, having as object the Provision of the electricity distribution service by the distribution operator for the users, final customers of the supplier, whose installations are connected to the electricity network of the distribution operator, is of RON 30,811.22 th instead of RON 31,444.84 th. The error occurred due to the fact that the Invoice AFFTN9710008202/12.10.2020 was incorrectly considered as having the value of RON 634.26 th, the right amount being RON 634.26.

Chief Executive Officer

Georgeta Corina Popescu

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Annex 1:

Details regarding the transaction concluded by SDTN with EFSA on 13 October 2020 of the kind listed in Art. 923 of Law No. 24/2017 Service provider: SDTN

Beneficiary: EFSA

Parties of

Agreement Type

Scope of the

Amount

Invoice

Date of entry

Expiry

Guarantees

Payment due dates

the

and No., execution

Penalties

and payment

agreement

(RON th.)

Number

into force

date

(RON th.)

transaction

date

methods

Penalty

interest

The

issuing

of

the

corresponding

to

the

Providing electricity

percentage

of

interest

due

invoice

with

the

for

non-payment

of

amount

for

the

distribution service

obligations

to

the

state

contractual

month

by the distribution

Invoice

budget), calculated for each

ended is made in the

operator for users,

103 / 10 Mar 2016

end customers of the

AFFTN9710

day

of delay starting

with

first 10 working days

SDTN and

the first day after the due

008202 /

EFSA TN

Contract without

supplier, whose

(0.63)

1 April 2016

N/A

0

date

until

the

day

of

of

the

month

12.10.2020*

fix price

installations are

payment (exclusively). The

following

each

connected to the

Cancelled

total

amount

of

penalty

contractual

month.

electricity network

interest may not exceed the

Payment

is

made

of the distribution

amount due. There are 30

within

10

working

operator

days

of

grace

period.

days from the date of

(Percentage valid at the date

receipt of the invoice.

of reporting: 0.02%)

Transactions total amount (RON th.):

(0.63)

*The invoice referred to was initially reported on 12.10.2020 (IRIS Code (BSE) 00285, respectively RNS Code (LSE) 8325B). Subsequently, the invoice was cancelled because it represents distributed quantities corresponding to October 2020, which, due to a clerical error were included in the situation for September 2020.

Due and not due mutual debts of EFSA to SDTN at 12.10.2020: RON 76,736.75 th.

Due and not due mutual debts of SDTN to EFSA at 12.10.2020: RON 666.01 th.

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