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Action for annulment of the OGMS Decision no. 2 from 26 October 2017

Release Date: 11/21/2017 6:33:59 PM

IRIS Code: D5A02

Societatea Energetica Electrica S.A.

9, Grigore Alexandrescu str.

010621 District 1, Bucharest, Romania

Phone: 021-208 59 99; Fax: 021-208 59 98

Fiscal Registration Certificate RO 13267221


Share capital: 3.459.399.290 RON


To: Romanian Financial Supervisory Authority (ASF)

Bucharest Stock Exchange (BVB)

London Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, the Romanian Capital Market Law no. 297/2004, CNVM Regulation no. 1/2006, and the Bucharest Stock Exchange Code

Report date: 21 November 2017

Company name: Societatea Energetica Electrica S.A.

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no.: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,459,399,290

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)

Significant events to be reported:

Action for annulment of the OGMS Decision no. 2 from 26 October 2017 of Societatea Energetica Electrica S.A. (File No. 42479/3/2017)

Application for interim measures regarding the suspension of the effects of the OGMS Decision no. 2 from October 26 2017 (File No. 42484/3/2017)

On 20 November 2017, Electrica S.A. received the Communication Address issued by the Bucharest Court (Tribunalul Bucuresti in limba romana), referring to the File No. 42479/3/2017, by which Mr. Stanciu Razvan, as shareholder of the Company, filed a complaint to request the ascertainment of the "absolute nullity of the decision no. 2 of the ordinary general meeting of shareholders of Electrica S.A. regarding the election of the members of the board of directors by applying the cumulative vote (item 4 on the agenda) and the establishment of the mandate’s duration for the elected directors for a period of 4 (four) years (item 5 of the agenda), pursuant art. 132 of Law 31/1990, having as a direct consequence the cancellation of all legal acts concluded by the new Board of Directors of Electrica S.A.".

The file is at the first court procedural stage. Within 25 days of receipt of the communication, Electrica S.A. has the obligation to file the statement of defense.

At the same time, on 21 November 2017, Electrica S.A. took note from the court's archive that Mr. Stanciu Razvan also filed an application for suspension of the effects of the OGMS decision dated 26 October through an emergency injunction (File No. 42484/3/2017) on items 4 and 5 on the agenda, until the above mentioned file will be settled, the term of the trial being set for 29 November 2017.


Dan Catalin STANCU


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