Societatea Energetica Electrica S.A. announced that during the meeting held on May 5, 2022, the Company's Board of Directors (BoD) decided to revoke Mrs. Georgeta-Corina Popescu from the position of Chief Executive Officer (CEO) without cause, starting with 16 May 2022, this being the last day when the mandate contract takes effect. At the same time, the BoD decided to appoint Mr. Chirita Alexandru-Aurelian, Romanian citizen, as interim CEO, starting with 17 May 2022, for a period of 3 months, or until the appointment of a new CEO, respectively until the revocation, whichever occurs first, with the possibility of revoking the mandate granted at any time during the 3-month period.