Dividend Declaration

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: 14 Mar 2016

Company name: Societatea de Distribuţie şi Furnizare a Energiei Electrice - "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:

Proposal to distribute gross dividend of 0.8600 RON per share for the year ended December 31, 2015.

Societatea de Distribuţie şi Furnizare a Energiei Electrice - "ELECTRICA" S.A (Electrica) hereby informs that following the meeting of 11 March 2016, its board of directors endorsed and submitted for approval to the ordinary general meeting of shareholders (OGMS) to be held on 27 April 2016 (on the first calling) / 28 April 2016 (on the second calling), the proposal to distribute a gross dividend of RON 0.8600 per share for the year ended December 31, 2015.

According to provisions of Article 111, paragraph 2, letter a) of the Company Law No. 31/1990, republished, as subsequently amended, it falls within the ordinary general meeting of shareholders' competence to set the dividend.

Electrica published on its website the proposal for profit distribution for the year ended December 31, 2015 (document for item 4 from the OGMS agenda).

CEO,

Iuliana Andronache