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Litigation - DEER subsidiary

24 Mar 2025 16:00

RNS Number : 9311B
Societatea Energetica Electrica SA
24 March 2025
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To: Romanian Financial Supervisory Authority (FSA)

Bucharest Stock Exchange (BSE)

London Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018 on issuers of financial instruments and market operations, and the Bucharest Stock Exchange Code

Report date: 24 March 2025

Company name: Societatea Energetica Electrica S.A. (Electrica)

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: J2000007425408

Subscribed and paid in share capital: RON 3,395,530,040

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

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Significant events to be reported: Insolvency request filed against the subsidiary DEER

Electrica informs shareholders and investors that, on 21 March 2025, a request for opening the insolvency procedure of the subsidiary Distributie Energie Electrica Romania S.A. (DEER) was filed with the Specialized Court of Cluj, case no. 167/1285/2025, for an amount of RON 2,609,916.06, which represents the value of 4 invoices of a sectoral execution contract (design and execution). Of these, only two invoices totaling RON 2,104,573.77 were due and were paid on 21 March 2025; the remaining amounts will become due on 28 March 2025, and 18 April 2025, respectively.

We mention that the insolvency procedure request was filed although the condition provided by art. 5 point 20 of Law no. 85/2014Ā on procedures concerning prevention of insolvency and insolvency was not fulfilled, specifically that the amounts must be overdue for more than 60 days. Consequently, DEER considers the request inadmissible.

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CEO

Alexandru Chirita

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