espi ebi ENEA 2024-01-25 12:21

Current Report No.: 3/2024

Date of preparation: 25 January 2024

Issuer’s Abbreviated Name: ENEA S.A.

Subject: Signing of a financing agreement with the European Investment Bank

Legal Basis: Article 17(1) of the Market Abuse Regulation – inside information

Body of the report:

The Management Board of ENEA S.A. (“Company”, “Issuer”) hereby reports that in connection with the execution, on 25 January 2024, of a long-term investment loan agreement for up to PLN 1,000,000,000 between the Company and the European Investment Bank (“EIB”), the total nominal value of the financing agreements entered into with the EIB over the last twelve months has reached PLN 2,000,000,000 (“Agreements”).

The funds provided under the Agreements will be allocated to the tasks of financing and refinancing capital expenditures of the Issuer’s Group incurred for the execution of the investment program associated with the development and modernization of distribution network infrastructure and its integration with renewable energy sources in 2023–2025.

The agreements provide for the drawing of tranches in either PLN or EUR, while the interest rate on each tranche will be calculated based on a variable interest rate appropriate for the interest period and currency in question plus a margin or will be based on a fixed interest rate. The term of availability of the funds is 24 months from the date of the Agreements, and the final repayment date will be up to 18 years from the date of utilization of the last tranche. The financing is not secured.