SOCIETATEA ENERGETIC

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Societatea Energetica Electrica S A : Current report – Transactions between related parties according to art. 92 ind. 3 Law 24/2017 – Distribution subsidiaries and Electrica Furnizare – 16 October 2020

10/16/2020 | 11:50am

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

010621 District 1, Bucharest, Romania Phone: 021-208 59 99; Fax: 021-208 59 98 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: 16 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 distribution companies and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)

Electrica informs its shareholders and investors about the conclusion, between 14 - 15 October 2020, of several transaction between Societatea de Distributie a Energiei Electrice Transilvania Nord (SDTN), Societatea de Distributie a Energiei Electrice Transilvania Sud (SDTS), Societatea de Distributie a Energiei Electrice Muntenia Nord (SDMN) and EFSA, Electrica's subsidiaries, that have 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 between 14 - 15 October 2020 by SDTN, SDTS and SDMN, as services providers/beneficiaries, with EFSA, as beneficiary/services provider, 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.

Chief Executive Officer

Georgeta Corina Popescu

1

Annex 1:

Details regarding the transaction concluded by SDTN and EFSA on 14-15 October 2020 of the kind listed in Art. 923 of Law No. 24/2017

Parties of

Agreement Type

Scope of the

Amount

Invoice Number /

Date of

Guarantees

Payment due

the

and No., execution

(RON

entry into

Expiry date

Penalties

dates and

agreement

Date

(RON th.)

transaction

date

th.)

force

payment methods

Service provider: SDTN

Beneficiary: EFSA

31 December

Interest

due for

not

paying

the

obligations

to

the

state

2020, with the

possibility of

budget in due time, applied

extension

starting

with

the

first

day

without

after

the

due

date;

Agreement 22/15

Providing

completing any

(Percentage valid at the date

Payment

is made

representation

AFFTN 9710008216 /

formality, for

Feb 2018 and

of reporting: 0.02%)

SDTN and

service as the

15.10.2020 AFFTN

27 February

periods of 12

within 3

working

Concession

(1.04)

0

If the provider fails to fulfill

EFSA

contract 61/4 Apr

Party

9710008215 /

2018

months, if neither

its

obligations

under

the

days from the date of

Responsible for

15.10.2020

party requests the

2018

contract,

the

purchaser

has

receipt of the invoice

Balancing

cancellation of

the right to deduct from the

the contract at

tariff

established

by

the

least 30 days

contract,

as

penalties,

an

before the

amount

equivalent

to

a

expiration of its

percentage

of

1.5%

of the

duration

monthly tariff

AFFTN 9710008214 /

15.10.2020

The

beneficiary

will

pay,

Payment is made

CJFTN 9110267673 /

beside the

amount

due, a

within 30 working

15.10.2020

penalty

to

this

amount,

days from the date

SMFTN 9410101890 /

corresponding

as

a

487/29 Aug 2007;

of receipt of the

15.10.2020

percentage of the interest due

SDTN and

AA 42/17 Dec

Telecommunica

BNFTN 9510082289 /

1 August

31 December

invoice. Payment of

14.05

0

for non-payment on time of

2019

EFSA

tions services

15.10.2020

2007

2020

the

obligations

to

the state

invoices can also be

BNFTN 9510082275 /

budget, for each day of delay

made by

15.10.2020

compensation in

compared

to

the

due date,

SJFTN 9610057360 /

until

the

day

of

payment

compliance with the

15.10.2020

(exclusively).

legislation in force.

BHFTN 9210159380 /

15.10.2020

2

Convention

For delays in the payment of

BNFTN 9510082274 /

the

invoice longer

than 30

50277/22 Feb

1 Januaryy

2016, AD

7.37

15.10.2020

days from the due date, the

2016

52630A/10 Oct

lessor has the right to charge,

and

the

lessee

has

the

2019 - Bistrita

obligation

to

pay,

late

CJFTN 9110267681 /

Convention 17/ 28

1 March

payment penalties in amount

Payment is made

8.06

15.10.2020

of

0.03%

applied

to

the

Feb 2019

2019

amount due for each calendar

within 10 days from

SDTN and

Re-invoicing

31 December

0

day

of

delay,

starting

with

the date of

Convention

SJFTN 9610057358 /

EFSA

utilities

2023

the

first

day after due-date.

registration of the

70022/5 Jan 2017,

15.10.2020

1 January

expenses

0.80

The

value

of

the

penalties

invoice to the

AD 71117A/18 Jul

2017

will not exceed the value of

tenant.

2018 - Zalau

the outstanding debt

Convention

Penalties equal to the level of

BHFTN 9210159381 /

the increase in amounts due

E12.2.59/08.03.201

1 February

to the state budget, due to not

1 - utilities

1.28

15.10.2020

2011

paying at due date the fiscal

breakdown Oradea

obligations; are applied after

headquarters

30 days from the due date

Service provider: EFSA

Beneficiary: SDTN

Representation

Payment is made

EFSA and

service as the

1 January

31 December

within 3 working

22/15 Feb 2018

Party

15.94

5719/ 14.10.2020

0

0

days from the date

SDTN

2018

2020

Responsible for

of receipt of the

Balancing

invoice

Transactions total amount (RON th.):

46.46

Due and not due mutual debts of EFSA to SDTN at 14.10.2020: RON 76,690.63 th.

Due and not due mutual debts of SDTN to EFSA at 14.10.2020: RON 684.98 th.

3

Details regarding the transaction concluded by SDTS and EFSA on 14-15 October 2020 of the kind listed in Art. 923 of Law No. 24/2017 Service provider: SDTS

Beneficiary: EFSA

Parties of

Amount of

Invoice

Payment due

Agreement Type and

Scope of

Date of entry

Expiry

Guarantees

dates and

the

transaction

Number /

Penalties

No., execution date

transactions

into force

date

(RON th.)

payment

transaction

(RON th.)

Date

methods

Service provider: SDTS

Beneficiary: EFSA

SDTS and

EFSA TS

0.02% (penalty

interest

Providing electricity

corresponding

to

the

distribution service

percentage

of

interest

by the distribution

7190009540/

due for non-payment of

Payment

is

made

operator for users,

obligations

to

the

state

C-3831/D/700/ 15 Mar

end customers of the

15.10.2020

budget), calculated for

within 10 working

7190009545/

2016 and AA8/18 Jun

supplier, whose

295.67

15 March 2016

N/A

0

each

day

of

delay

days from the date

2020

installations are

15.10.2020

starting with the first day

of receipt of the

connected to the

after the due date until

invoice.

electricity network

the

day

of

payment

of the distribution

(exclusive).

operator

There are 30 days of

grace period

Providing electricity

distribution service

0.02% (penalty

interest

by the distribution

corresponding

to

the

operator for users,

percentage

of

interest

Payment

is

made

end customers of the

1090123783/

due for non-payment of

C-3831/D/700/ 15 Mar

supplier, whose

obligations

to

the

state

within 30

days

2016 and AA2/01 Aug

installations are

1.89

15.10.2020

15 March 2016

N/A

0

budget), calculated for

from the

date of

2016

connected to the

each

day

of

delay

receipt

of

the

electricity network

starting with the first day

invoice

of the distribution

after the due date until

operator - Providing

the

day

of

payment

other services as

(exclusive).

distribution operator

4

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Societatea Energetica Electrica SA published this content on 16 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 October 2020 15:49:05 UTC

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