Electrica Regs Regulatory News (ELSA)

To: Bucharest Stock Exchange (BVB)

Romanian Financial Supervisory Authority (ASF)

London Stock Exchange (LSE)

Current report in compliance with Art. 226 (1) of the Romanian Capital Market Law no. 297/2004, Art. 113 letter A of CNVM Regulation no. 1/2006, and the Bucharest Stock Exchange Code

Report date: 27 April 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) and London Stock Exchange (LSE)

Significant events to be reported:

The resolutions of the Ordinary Meeting of Shareholders and of the Extraordinary Meeting of Shareholders of Societatea Energetica Electrica S.A. ("Electrica" or the "Company") of 27 April 2017

Electrica hereby informs that on 27 April 2017, the Ordinary General Meeting of Shareholders and the Extraordinary General Meeting of Shareholders took place at Electrica's headquarters in Bucharest, District 1, 9, Grigore Alexandrescu Street, postal code 010621, "Radu Zane" Conference Room, starting at 10.00 o'clock and 12.00 o'clock, respectively (Romanian time), being duly held in accordance with the legal and statutory provisions upon the first calling.

The Ordinary General Meeting of Shareholders meeting was attended by the shareholders registered in the shareholder's register kept by the Central Depository on 30 March 2017, set as reference date, in person, by representative or through vote by correspondence, the quorum met being 68.685 % of the total voting rights and 70.081% of the share capital of the Company.

The meeting was chaired by Mr. Cristian Buşu, as Chairman of the Board of Directors of Electrica.

Within the Ordinary General Meeting of Shareholders, Electrica's shareholders approved the following items with a majority of votes (at least 50% + 1) of the present and the represented shareholders, or voted by correspondence:

1. Approval of the income and expenses budget of Electrica for financial year 2017, at individual level.

3. Approval of the income and expenses budget of Electrica for financial year 2017, at consolidated level.

5. Approval of the Annual Financial Statements of Electrica corresponding to the financial year 2016, at individual level, based on the reports presented by the board of directors and by the financial auditors.

6. Approval of the Annual Financial Statements of Electrica corresponding to the financial year 2016, at consolidated level, based on the reports presented by the board of directors and by the financial auditors.

7. Approval of the profit distribution corresponding to the financial year 2016, as well as the distribution of the dividends to the shareholders of Electrica.

8. Approval of the discharge of liability of the members of the Board of Directors for the financial year 2016.

9. Establishment of the date of 8 June 2017 as record date, this being the date on which the identification of the shareholders who will be affected by the OGSM will take place, in conformity with art. 238 of Law no. 297/2004 on capital markets.

10. Establishment of the date of 7 June 2017 as ex date, this being the date on which financial instruments are traded without rights deriving from OGMS Electrica.

11. Establishment of the date of 22 June 2017 as the payment date of dividends for the financial year 2016.

12. Empowerment of the Board of Directors, of the Chairman of the Board of Directors, of the secretary of the meeting and of the technical secretary to jointly sign the OGMS resolution and to perform individually and not jointly any act or formality required by law for its registration of the OGMS resolution, as well as the publication of the OGMS resolution with the Trade Register Office of the Bucharest Tribunal.

In adition, the Ordinary General Meeting of Shareholders rejected the following items:

2. The empowerment of Electrica Board of Directors to approve changes in the structure of the income and expenses budget of Electrica for financial year 2017, at individual levels according to art. 19 (1) lit. t from the Articles of Association of Electrica SA up to a total variation of 10% in the line of total of income and total of expenses compared to the amounts set out in the income and expenses budget mentioned within the above item 1 from the Agenda.

4. The empowerment of Electrica Board of Directors to approve changes in the structure of the income and expenses budget of Electrica for financial year 2017, at consolidated level according to art. 19 (1) lit. t from the Articles of Association of Electrica SA up to a total variation of 10% in the line of total of income and total of expenses compared to the amounts set out in the income and expenses budget mentioned within the above item 3 from the Agenda.

The Extraordinary General Meeting of Shareholders meeting was attended by the shareholders registered in the shareholder's register kept by the Central Depository on 30 March 2017, set as reference date, in person, by representative or through vote by correspondence, the quorum met being 68.680% of the total voting rights and 70.075 % of the share capital of the Company.

The meeting was chaired by Mr. Cristian Buşu, as Chairman of the Board of Directors of Electrica.

Within the Extraordinary General Meeting of Shareholders, Electrica's shareholders approved with a majority of votes of at least 55% of the total number of voting rights (according to the Article of Association) the following items:

1. Approval of the proposal for amendment of the Articles of Association of SOCIETATEA ENERGETICA ELECTRICA S.A. by eliminating letter f of art. 20 par. 1 par. A of the Articles of Association, respectively "merger, spin off".

2. Approval of the proposal for amendment of the Articles of Association of SOCIETATEA ENERGETICA ELECTRICA S.A. by eliminating letter l of art. 20 par. 1 par. A of the Articles of Association, respectively "the approval of the subsidiaries' global strategy, including but not limited to their development and restructuring".

In adition, within the Extraordinary General Meeting of Shareholders, Electrica's shareholders approved the following items with a majority of votes (at least 50% + 1) of the present and the represented shareholders, or voted by correspondence:

3. Empowering the Chairman of the Board of Directors to sign the Articles of Association of SOCIETATEA ENERGETICA ELECTRICA S.A. updated according to the Decision taken at the above mentioned items 1 and 2;

4. Establishment of the date of 8 June 2017 as record date, this being the date on which the identification of the shareholders who will be affected by the EGSM will take place, in conformity with art. 238 of Law no. 297/2004 on capital markets.

5. Empowering of the Chairman of the Board of Directors, of the secretary of the meeting and of the technical secretary, to jointly sign the EGMS resolution and to perform individually and not jointly any act or formality required by law for its registration of the EGMS resolution and the updated Articles of Association with the Trade Register Office of the Bucharest Tribunal, as well as the publication of the EGMS resolution according to the law.

CEO,

Catalin STANCU