Title: Information on the approval by the President of the Office of Competition and Consumer Protection for joint control over Polska Grupa Górnicza sp. z o.o.
Date: 2017.22.12
Report no.: Current Report No.: 43/2017

Current Report No.: 43/2017

Date: 22.12.2017

Short name of issuer: Enea S.A.

Subject: Information on the approval by the President of the Office of Competition and Consumer Protection for joint control over Polska Grupa Górnicza sp. z o.o.

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

Contents:

In connection with current report No. 14/2017, dated 31 March 2017, concerning the terms for Enea S.A.'s (the "Company", the "Issuer") involvement in Polska Grupa Górnicza sp. z.o.o. (PGG), the Management Board of the Company would like to announce that on 22 December 2017 the President of the Office of Competition and Consumer Protection has agreed to a concentration consisting of the taking of control over PGG by the Issuer, to be exercised jointly with ENERGA Kogeneracja sp. z o.o., PGE Górnictwo i Energetyka Konwencjonalna S.A., PGNiG TERMIKA S.A. and Fundusz Inwestycji Polskich Przedsiębiorstw Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych (Controlling Stakeholders). Joint control will be exercised at terms set forth in the Investors' Agreement, which governs the principles for the establishment of a common position by the Controlling Shareholders with respect to decisions concerning PGG, referred to in the current report in question.

At the same time, the Issuer would like to recall that as part of the declared involvement of PLN 300 mln, as of the date of this current report, the Company has taken up new shares in PGG for a total value of PLN 210 mln, corresponding to 5.81% stake in PGG's initial capital, with another financing round totaling PLN 90 mln planned for Q1 2018.