Societatea Energetica Electrica S A : PRESS RELEASE – GMS decisions 28.04.2021

PRESS RELEASE

The Ordinary General Meeting of Shareholders of Electrica SA has elected a new Board of Directors

BUCHAREST, 28 April 2021 - The Ordinary General Meeting of Shareholders (OGMS) of Electrica SA, reunited on 28 April 2021, held in accordance with the legal and statutory provisions, has elected, through the cumulative vote method, a new Board of Directors, consisting of seven members.

The shareholders of Electrica have decided to elect, for a four years mandate, the following members in the Board of Directors: Iulian Cristian Bosoancă, Gicu Iorga, Ion Cosmin Petrescu, Adrian Florin Lotrean, Radu Mircea Florescu, George Cristodorescu and Dragoș Valentin Neacșu.

The following members of the Board of Directors are considered revoked: Mr. Dragos Andrei, Mr. Bogdan Iliescu, Mr. Valentin Radu. They were not confirmed following the application of the method of cumulative voting and, therefore, their mandate is terminated at the date of this OGMS. On 22 April 2021, Ramona Ungur resigned, with immediate effect, from the position of Director of the Company and renounced to the position of candidate in the elections for the Board of Directors.

The OGMS meeting was attended personally, by representative or by voting by mail, the shareholders registered in the register of shareholders kept by the Central Depository on 30 March 2021, established as a reference date, the quorum being 89.63% of the total voting rights and of 87.85% of the share capital of the Company.

DISTRIBUTION OF PROFIT

At the proposal of the Board of Directors of Electrica SA, the Ordinary General Meeting of Shareholders also approved, on 28 April 2021, the distribution of the net profit for the financial year 2020, the total gross dividend value, 247,873,693 lei, and the gross dividend per share, 0.73 lei. The approved date of payment of the dividends is 25 June 2021.

ANNUAL FINANCIAL STATEMENTS

The Ordinary General Shareholders' Meeting also approved Electrica's Individual and Consolidated Annual Fnancial Statements for the financial year ending 31 December 2020, prepared in accordance with the International Financial Reporting Standards

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adopted by the European Union, based on the Directors' Report for 2020 and the Independent Auditor's Report on the Consolidated Annual Financial Statements.

At the same time, the income and expenses budgets of Electrica for the financial year 2021 were approved, at individual and consolidated level.

OTHER OGMS DECISIONS

The company's shareholders agreed to extend the mandate of Electrica's financial auditor, Deloitte Audit SRL, for a period of two years, respectively for the financial years 2021 and 2022.

The OGMS also approved the Remuneration Policy for the Directors and Executive Directors of Energetica Electrica S.A., as it was made available to shareholders.

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Electrica Group provides services to over 3.8 million users and has national coverage - with organization in three areas for electricity distribution: Transilvania Nord, Transilvania Sud, Muntenia Nord and the entire country for electricity supply and for maintenance and energy services.

As of July 2014, Electrica has become a company with private majority capital, listed on the Bucharest and London stock exchanges. Electrica is the only listed Romanian company in the field of electricity distribution and supply in Romania.

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More information about Electrica Group can be found on the company's website www.electrica.ro

Str. Grigore Alexandrescu, nr. 9, Sector 1, Bucureşti, 010621

Email: [e-mail]/Tel: [phone]/Fax: [phone]