CEO Change

To: Romanian Financial Supervisory Authority (ASF)

Bucharest Stock Exchange (BVB)

London Stock Exchange (LSE)

Current report in compliance with the Romanian Capital Market Law no. 297/2004, CNVM Regulation no. 1/2006, and the Bucharest Stock Exchange Code

Report date: 11 March 2016

Company name: Societatea de Distribuţie şi Furnizare a Energiei Electrice - "ELECTRICA" S.A. (Electrica SA or the Company)

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:

Revocation of the CEO of Electrica SA and appointment of an interim CEO for Electrica SA

Following the announcement of February 26th 2016, today, March 11th 2016 the Board of Directors of Electrica SA has revoked Mr. Ioan Rosca for the position of CEO of Electrica SA, starting immediately. The Board of Directors has appointed Ms. Iuliana Andronache, currently CFO of Electrica SA, as acting interim CEO of Electrica SA with immediate effect until the moment the new CEO will be appointed and will take over the position.

Chairman of the Board of Directors,

Cristian Buşu