Current Report No: 30/2018, 16.05.2018 19:02Recommendation of the Company's Management Board on 2017 net profit distribution

Current Report No: 30/2018

Date of preparation: 16 May 2018

Short name of issuer: ENEA S.A.

Subject: Recommendation of the Company's Management Board on 2017 net profit distribution

Legal basis: Article 17 item 1 of MAR - confidential information

Content of report:

The Management Board of ENEA S.A. ('Company', 'Issuer') hereby informs that on 16 May 2018 it adopted a resolution regarding the distribution of the Company's net profit for the 2017 financial year, in accordance with which the Management Board recommends the distribution of the Issuer's net profit of PLN 1,813,324 thousand generated in the period from 1 January 2017 to 31 December 2017 to be effected in such a manner that 100% of the net profit be allocated for purposes of financing investments by increasing reserve capitals.

The recommendation of the Company's Management Board to allocate 100% of the net profit generated in the 2017 financial year to other reserve capitals is motivated by the Group's significant investment needs resulting from, inter alia, plans specified in 'ENEA Capital Group's Development Strategy until 2030', on which the Company informed in Current Report No. 29/2016.

At the same time, the guiding principle of ENEA S.A.'s dividend policy shall remain that in the future any dividend payments be made depending on the amount of profit generated by the Company and on the Company's financial capacities.

The Company informs that along with the adoption of the above resolution the Issuer's Management Board resolved to apply to the Company's Supervisory Board for issuing an assessment of the adopted recommendation. At the same time, the Company explains that the final decision on the distribution of the net profit for the 2017 financial year will be made by the Ordinary General Meeting of Shareholders of ENEA S.A.