Societatea Energetica Electrica S A : Current report – Transactions between related parties according to art. 92 ind. 3 Law 24/2017 – Societatea de Distributie a Energiei Electrice Transilvania Sud and Electrica Furnizare – 16 September 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: 16 September 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 Sud SA (SDTS) and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)

Electrica informs its shareholders and investors about the conclusion, on 14 September 2020, of several transactions between SDTS and EFSA, Electrica's subsidiaries, based on services agreements without fix price 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 transactions concluded on 14 September 2020 by SDTS, as services provider, with EFSA, as beneficiary, containing information about the date of execution, type of transaction, description of its scope, total value of the transaction, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.

Details regarding the transactions concluded in the last 12 months between the parties, which lead to exceeding, at a cumulative level, the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, are presented in Annex 2.

Chief Executive Officer

Georgeta Corina Popescu

1

Annex 1: Details regarding the transactions concluded by SDTS with EFSA on 14 September 2020 of the kind listed in Art. 923 of Law No. 24/2017

Services provider: SDTS

Beneficiary: EFSA

Parties of

Amount of

Payment due

Agreement Type and No.,

Scope of

Date of entry into

Expiry

Guarantees

dates and

the

transaction

Penalties

execution date

transactions

force

date

(RON th.)

payment

transaction

(RON th.)

methods

Providing electricity

0.02%

(penalty

interest

corresponding

to

the

distribution service

percentage

of

interest

due

by the distribution

Payment

is

for

non-payment

of

operator for users,

C-3831/D/700/ 15 Mar 2016

obligations

to

the

state

made

within

end customers of the

budget), calculated for each

10

working

and AA8/18 Jun 2020

supplier, whose

29,179.42

15 March 2016

N/A

0

day of delay

starting

with

days

from

the

Contract without fix price

installations are

the first day

after the

due

date of receipt

connected to the

date

until

the

day

of

of the invoice.

SDTS and

electricity network of

the distribution

payment (exclusive).

EFSA TS

There are 30 days of grace

operator

period

0.02%

(penalty

interest

corresponding

to

the

Payment

is

percentage

of

interest

due

C-3831/D/700/ 15 Mar 2016

Providing other

for

non-payment

of

made

within

obligations

to

the

state

30 days from

and AA2/01 Aug 2016

services as

2.15

1 August 2016

N/A

0

budget), calculated for each

the

date

of

Contract without fix price

distribution operator

day of delay

starting

with

receipt of

the

the first day after the due

invoice

date until the day of

payment (exclusive).

C-12310/D/700/29 Jul 2015

Providing electricity

29 July 2015

N/A

0.02%

(penalty

interest

corresponding

to

the

C-12445/D/700/30 Jul 2015

distribution service

30 July 2015

N/A

percentage

of

interest

due

by the distribution

Payment is

C-16355/D/700/30 sept 2015

30 September 2015

N/A

for

non-payment

of

operator for users,

made within

obligations

to

the

state

end customers of the

C-22054/D/700/21 Dec 2015

21 December 2015

N/A

SDTS and

budget), calculated for each

10 working

supplier, whose

43.73

0

EFSA TN

day of delay starting with

days from the

C-22271/D/700/22 Dec 2015

installations are

22 December 2015

N/A

the first day

after the

due

date of receipt

connected to the

date

until

the

day

of

of the invoice.

C-22578/D/700/29 Dec 2015

electricity network of

the distribution

29 December 2015

N/A

payment (exclusive).

Contracts without fix price

There are 30 days of grace

operator

period

2

C-14893/D/700/09 sept 2015

Providing electricity

9 September 2015

N/A

0.02%

(penalty

interest

corresponding

to

the

C-16091/D/700/28 Sept 2015

distribution service

28 September 2015

N/A

percentage

of interest

due

by the distribution

Payment is

for

non-payment

of

C-22046/D/700/21 Dec 2015

21 December 2015

N/A

operator for users,

made within

obligations

to

the

state

end customers of the

C-22050/D/700/21 Dec 2015

21 December 2015

N/A

SDTS and

budget), calculated for each

10 working

supplier, whose

432.44

0

EFSA MN

day of delay starting with

days from the

C-22255/D/700/22 Dec 2015

installations are

22 December 2015

N/A

the

first day after the

due

date of receipt

connected to the

date

until

the

day

of

of the invoice.

C-22562/D/700/29 Dec 2015

electricity network of

the distribution

29 December 2015

N/A

payment (exclusive).

Contracts without fix price

There are 30 days of grace

operator

period

0.02%

(penalty

interest

corresponding

to

the

Payment

is

percentage

of interest

due

C-319/14.09.2007 and AA51

31

for

non-payment

of

made

within

SDTS and

obligations

to

the

state

10

working

- C27472/S/700/30 Dec 2019

IT services

108.51

14 September 2007

December

0

EFSA TS

budget), calculated for each

days

from

the

Contract with fix price

2020

day

of

delay starting

with

date of receipt

the first day after the

due

of the invoice.

date until the day of

payment (exclusive)

Transactions total amount (RON th.):

29,766.25

Due and not due mutual debts of EFSA to SDTS at 11.09.2020: RON 70,628.98 th.

Due and not due mutual debts of SDTS to EFSA at 11.09.2020: RON 676.6 th.

3

Annex 2: Details regarding the transactions concluded in the last 12 months by SDTS and EFSA of the kind listed in Art. 923 of Law No. 24/2017

Parties of								Payment due
Agreement Type and No.,	Scope of the	Amount	Date of entry into		Guarantees		dates and
the	Expiry date	Penalties (RON th.)
execution date	agreement	(RON th.)	force	(RON th.)	payment
transaction
							methods

Service provider: SDTS

Beneficiary: EFSA

Providing electricity

0.02%

(penalty

interest

distribution service by

corresponding to the percentage

the distribution

Amount

of interest due for non-payment

Payment

is

made

operator for users,

between

C-3831/D/700/ 15 Mar 2016

end customers of the

of

obligations

to

the

state

within 10 working

01.09.2019 -

and AA8/18 Jun 2020

supplier, whose

15 March 2016

N/A

0

budget), calculated for each day

days from the date

11.09.2020:

Contract without fix price

installations are

of

delay starting with the first

of receipt of the

351,119.52

day after the due date until the

connected to the

SDTS and

day of payment (exclusive).

invoice.

electricity network of

EFSA TS

There

are 30

days

of

grace

the distribution

period

operator

0.02%

(penalty

interest

Amount

corresponding to the percentage

Payment

is

made

C-3831/D/700/ 15 Mar 2016

Providing other

between

of interest due for non-payment

within 30

days

of

obligations

to

the

state

and AA2/1 Aug 2016

01.09.2019 -

services as

1 August 2016

N/A

0

budget), calculated for each day

from the

date of

11.09.2020:

Contract without fix price

distribution operator

of delay starting with the first

receipt

of

the

1,320.28

day after the due date until the

invoice

day of payment (exclusive).

C-12310/D/700/29 Jul 2015

Providing electricity

29 July 2015

N/A

0.02%

(penalty

interest

distribution service by

C-12445/D/700/30 Jul 2015

30 July 2015

N/A

corresponding to the percentage

the distribution

Amount

of interest due for non-payment

Payment is made

C-16355/D/700/30 sept 2015

operator for users,

30 September 2015

N/A

between

of obligations to the state

end customers of the

within 10 working

SDTS and

C-22054/D/700/21 Dec 2015

01.09.2019 -

21 December 2015

N/A

budget), calculated for each day

EFSA TN

supplier, whose

11.09.2020:4

0

of delay starting with the first

days from the date

C-22271/D/700/22 Dec 2015

installations are

41.95

22 December 2015

N/A

day after the due date until the

of receipt of the

connected to the

day of payment (exclusive).

invoice.

C-22578/D/700/29 Dec 2015

electricity network of

29 December 2015

N/A

There

are 30

days

of

grace

the distribution

Contracts without fix price

period

operator

4