Societatea Energetica Electrica : NOTE

The Supplemented Call notice of the General Meeting of Shareholders, published on September 26, 2017, stipulated that shareholders were entitled to nominate candidates by October 10th 2017, 10:00 AM. The Ministry of Energy, in its capacity as shareholder of Electrica S.A., exercised this right by submitting such a proposal on October 10th 2017, registered at 10:08 AM. A day after the scheduled deadline, on October 11th, 2017, at 10:50 AM, another shareholder submitted a nomination.

The Board of Directors of Electrica SA has requested legal opinions regarding the acceptance or rejection of these applications. According to the legal provisions for listed companies, the deadline for the submission of candidatures in the Call notice is a calendar day. Thus, in absence of a legal or statutory requirement to stipulate a cut-off time of the calendar day in the Call notice, legal advisors have considered that an 8-minute delay, or even the submission of candidatures by the end of the calendar day, is a reasonable delay which does not affect in any way the right of the shareholders and is complying with the applicable legislation.

Considering the reasoning resulting from the legal opinions, the Board of Directors has decided in the meeting held on October 12th, 2017 to accept the applications submitted by the Romanian State shareholder, through the Ministry of Energy, within the calendar day and to reject the application submitted by the other shareholder, which exceeded the calendar day.

Electrica Group is a market leader in electric power distribution and supply of Romania, as well as one of the most important player in energy services branch. Its top position is sustained both by its economic results, and by an experience in the field of almost 120 years.

With approximately 10.000 of employees, Electrica Group is providing services to over 1.6 million custorers and is operating at national level - organized in three zones for electric power distribution: Transilvania Nord, Transilvania Sud, Muntenia Nord and all over the country for the electric power supply and for maintenance and energy services.

Since July 2014, Electrica is a company with majority private capital, listed on Bucharest and London Stock Exchanges. Electrica is the only Romanian company in electric power distribution and supply of Romania.

_ For more information about Electrica Group, see the company's websitewww.electrica.ro.

9, Grigore Alexandrescu street, District 1, Bucharest, 010621 Email: comunicare@electrica.ro / Tel: 021.208.59.99 / Fax: 021.208.59.98