Doc re. Current report

To: Bucharest Stock Exchange

Romanian Supervisory Authority

London Stock Exchange

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

Report date: 21.08.2014

Company name: Societatea Comercială 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 up 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:

Supplement to the convening notice of the Ordinary General Meeting of Shareholders ("OGMS") of Societatea Comercială de Distribuţie şi Furnizare a Energiei Electrice - "ELECTRICA" S.A. ("Electrica" or the "Company") for September 22, 2014, 13:00 o'clock (Romanian time).

Electrica informs its shareholders that it has received a request to supplement the agenda of the OGMS for 22 September 2014, 13.00 o'clock (Romanian time), filed by the shareholder Romanian State represented by the Ministry of Economy through the Department for Energy, as shareholder owning 48.78% of the Company's share capital, by letter No.1502275/20.08.2014, registered by the Company under No. 9900-17863/20.08.2014, 14.13 o'clock (Romanian time) (attached as Annex 1 to this report). The solicitation was made on the basis of the provisions of Art. 1171 para. (1) of the Companies Law No. 31/1990 according to which "Shareholders representing, individually or together, at least 5% of the Company's share capital are entitled to request that new items are added on the agenda".

The information materials related to the new items added to the agenda of the Electrica OGMS (including the proposal of the shareholder Romanian State represented by the Ministry of Economy through the Department for Energy regarding the Framework management agreement to be concluded by the Company with the members of the Board of Directors, as well as the proposal for resolutions corresponding to the new items included on the agenda) shall be made available to the shareholders at Electrica Registry Desk, as well as on the Company's web page (www.electrica.ro) starting with 22 August 2014.

The Company shall also make available to the shareholders, starting with 22 August 2014, the list of proposals provided by an internationally reputable recruitment agency, hired as per Art. 17 para (2) of the Articles of Association, at the headquarters - Electrica Registry Desk, as well as on the Company's web page (www.electrica.ro). The Company's shareholders are invited, in accordance with Art. 17 para. (2) of the Articles of Association, to propose one or more candidates from those on the list provided by the recruitment agency until 26 August 2014.

The supplement to the convening notice of the Electrica OGMS is included in Annex 2 to this report and is to be published in the Official Gazette of Romania Part IV and in the newspaper Romania Libera.

General Manager

Ioan Roşca

Annex 1: Supplement to the Convening Notice of theOrdinary General Meeting of Shareholders of Electricafor September 22, 2014

SUPPLEMENTED CONVening notice

of the Ordinary general meeting of shareholders

of SOCIETatea COMERCIALăDE DISTRIBUŢIE ŞI FURNIZARE A ENERGIEI ELECTRICE - "ELECTRICA" S.A.

The Board of Directors of SOCIETATEA COMERCIALĂ DE DISTRIBUŢIE ŞI FURNIZARE A ENERGIEI ELECTRICE - "ELECTRICA" S.A. (hereinafter the "Company"), headquartered in Bucharest, 9 Grigore Alexandrescu Street, sector 1, registered with the Commercial Registry under number J40/7425/2000, sole registration code (CUI) RO 13267221, with a subscribed and entirely paid share capital of RON 3,459,399,290, according to the provisions of the Companies Law No. 31/1990, republished, as subsequently amended and republished, Law No. 297/2004 on the capital market, as subsequently amended, National Securities Commission Regulation No. 1/2006 regarding issuers and securities operations, National Securities Commission Regulation No. 6/2009 regarding the exercise of certain rights of shareholders in general meetings of companies, and the Company's Articles of Association,

CONVENES

the Company's Ordinary General Meeting of Shareholders (OGMS) on 22 September 2014, 13.00 o'clock (Romanian time), at hotel MARSHAL GARDEN in Bucharest, 50B Calea Dorobantilor, Sector 1, Panoramic Room, 5th floor.

Should the legal and statutory quorum for convening the OGMS not be met on the above mentioned date, a second OGMS shall be convened and established for 23 September 2014, 13.00 o'clock (Romanian time), at the Company's headquarters located in Bucharest, sector 1, 9 Grigore Alexandrescu Street, Romania, Radu Zane room, having the same agenda.

Only the shareholders registered as shareholders in the Company's shareholders' register held by Depozitarul Central S.A. at the end of 26 August 2014 (the "Reference date") may attend and cast their votes in the OGMS.

CONSIDERING:

· The agenda provided by the convening notice initially published in the Official Gazette - Part IV - No. 4445 dated 4 August 2014 and the newspaper Romania Libera dated 4 August 2014 for the OGMS dated 22 September 2014, 13.00 o'clock (Romanian time); and

· The request to supplement the agenda of the OGMS dated 22 September 2014, 13.00 o'clock (Romanian time), filed by the shareholder Romanian State represented by the Ministry of Economy through the Department for Energy, which owns shares representing 48.78% of the Company's share capital, by notice No.1502275/20.08.2014, registered by the Company under No. 9900-17863/20.08.2014, 14.13 o'clock (Romanian time), as well as the applicable legal provisions,

The supplemented agenda of the OGMS shall be the following:

1. Acknowledgment of the Activity Reports of the non-executive directors for the first quarter and the first semester of 2014, respectively, and approval of the degree of fulfilment of the objectives and performance criteria of non-executive directors of the Company, for the first quarter and the first semester of 2014, respectively.

2. Election of the members of the Board of Directors of the Company by applying the cumulative voting method.

3. Appointment of a new Board of Directors of the Company, according to the Articles of Association and the applicable legal provisions;

4. Setting the term of the mandate of the members of the Board of Directors for a period of 4 years.

5. Approval of the Framework management agreement to be concluded by the Company with the members of the Board of Directors.

6. Setting the remuneration of the members of the Board of Directors from the Company.

7. Appointment of a person that shall sign, on behalf of the shareholders, the management agreements with the members of the Board of Directors.

8. Setting the "Registration Date" as 7 October 2014, should the resolution be taken at the first calling, and 8 October 2014, should the resolution be taken at the second calling, for the purpose of identification of the shareholders with respect to whom the effects of the resolution of the OGMS apply as per article 238 of Law No. 297/2004 on capital markets;

9. Empowering the President of the Board of Directors, the secretary of the meeting and the technical secretary to sign the resolution of the Ordinary General Meeting of Shareholders, and to perform any act or formality required by law for its registration and publication in the Commercial Registry Office of the Bucharest Tribunal.

Details on the OGMS:

Information materials and questions regarding the agenda

The convening notice, the meeting agenda, the documents to be presented to the OGMS, the full text of the draft resolution proposed to be adopted by the OGMS, as well as its updated version, should new items be added to the agenda, the form to be used for special powers of attorney and for the voting ballot form for the vote by correspondence, in Romanian and in English, as well as other information regarding the items included on the agenda shall be made available to shareholders as of 4 August 2014 until the date set for the OGMS, in electronic format on the Company's website at www.electrica.ro/informatii-utile/aga and at the Registry Desk of the Company located at its headquarters, Bucharest, 9 Grigore Alexandrescu Street, sector 1, which is open on working days from Monday to Thursday between 8.00 and 16.30, and on Fridays between 8.00 and 14.00 (Romanian time).

In order to obtain copies of these documents, the shareholders shall address requests in writing at the Company's Registry Desk or to the email address ir@electrica.ro, so that these are received by the Company starting with 16.30 o'clock (Romanian time) on 4 August 2014, and the Company shall provide the shareholders, through its Registry Desk, with copies of the requested documents within maximum 2 days of the request.

The Company's shareholders, subject to fulfilling the identification requirements, may ask questions in writing regarding the issues on the agenda / the company's activity, in Romanian or in English language, prior to the date of the OGMS, until 21 September 2014, 16.30 o'clock (Romanian time), either through the Company's Registry Desk or by any form of courier, with confirmation of receipt, or via e-mail with incorporated extended electronic signature, as per Law 445/2001 on the electronic signature, at ir@electrica.ro, and the Company shall answer these questions during the OGMS meeting and it may give a general answer to questions with the same content. An answer is also considered given if the relevant information is available on the Company's website, www.electrica.ro/informatii-utile/aga.

The identification requirements requested from the shareholders involve, in all cases, for natural persons to submit a copy of the identification document, and for legal persons to provide the identification document of the legal representative, together with the ascertaining certificate, in original or certified copy, or any other document, in original or certified copy, issued by a competent authority in the state in which the shareholder is legally incorporated certifying the capacity of the legal representative, issued no more than 3 months before the date when the OGMS convening notice has been published. In all cases where documents certifying the capacity of the legal representative are drafted in a foreign language other than English language, they shall be accompanied by a translation made by an authorised translator in Romanian and / or English language.

Candidate proposals for the appointment of new members of the Company's Board of Directors

The proposals made by the Company's shareholders for the appointment and selection of candidates for the director positions shall comply with art. 17(2) of the Company's Articles of Association. The candidate proposals for the election of directors shall be submitted to Company's Registry Desk, by any form of courier, with confirmation of receipt, or via e-mail with incorporated extended electronic signature, as per Law 445/2001 on the electronic signature, at the address ir@electrica.ro, until 26 August 2014, 18.30 o'clock (Romanian time). Both means of submission shall state clearly in writing in capital letters: "FOR THE ORDINARY GENERAL MEETING OF SHAREHOLDERS DATED 22 SEPTEMBER 2014". Each candidate proposal for the director position shall be accompanied by at least the following documents: Curriculum Vitae of the candidate reflecting his professional training and experience, a copy of the candidate's identity document, and in case of proposals for independent candidates, ascertaining documents evidencing that the respective candidate meets the requirements under letters a - k of Art. 17 para. 2 of the Company's Articles of Association, including but not limited to, an authenticated affidavit issued by the candidate certifying that he meets all the independence criteria and conditions established by the law and the Company's Articles of Association.

The shareholders who make candidates proposals for the appointment of directors must fulfil the identification requirements mentioned above.

The proposals made by the Company's shareholders as regards the directors' remuneration shall be submitted to the Company's Registry Desk, by any form of courier with confirmation of receipt, or via e-mail with incorporated extended electronic signature, as per Law 445/2001 on the electronic signature, at the address ir@electrica.ro, until 26 August 2014, 18.30 o'clock (Romanian time). Both means of submission shall state clearly in writing in capital letters: "FOR THE ORDINARY GENERAL MEETING OF SHAREHOLDERS DATED 22 SEPTEMBER 2014".

The shareholders who make proposals for the directors' remuneration must fulfil the identification requirements mentioned above.

The proposals made by Company's shareholders for the Framework management agreement to be concluded by the Company with the members of the Board of Directors shall be submitted to the Company's Registry Desk, by any form of courier with confirmation of receipt, or via e-mail with incorporated extended electronic signature, as per Law 445/2001 on the electronic signature, at the address ir@electrica.ro, until 26 August 2014, 18.30 o'clock (Romanian time).

Both means of submission shall state clearly in writing in capital letters: "FOR THE ORDINARY GENERAL MEETING OF SHAREHOLDERS DATED 22 SEPTEMBER 2014".

The shareholders who make proposals for the Framework management agreement must fulfil the identification requirements mentioned above. The list containing information regarding the name, city of residence, and professional qualification of the persons proposed as directors, as well as regarding the shareholder that proposed the respective candidate / as well as the candidates selected according to Art. 17 (2) of the Company's Articles of Association shall be made available to the shareholders, at the Company's Registry Desk, from Monday to Thursday between 8.00 and 16.30 and on Fridays between 8.00 and 14.00 (Romanian time) of every working day, as well as on the Company's website at www.electrica.ro/informatii-utile/aga, as of 28 August 2014, 18.30 o'clock (Romanian time).

The list containing the proposals for the directors' remuneration, as well as the versions of Framework management agreement received by the Company as proposals from the shareholders, if the case, shall be made available to the shareholders, at the Company's Registry Desk, from Monday to Thursday between 8.00 and 16.30 and on Fridays between 8.00 and 14.00 (Romanian time) of every working day, as well as on the Company's website at www.electrica.ro/informatii-utile/aga, as of 28 August 2014, 18.30 o'clock (Romanian time).

With respect to item 2 on the updated agenda, the Company informs the shareholders that as per the provisions of CNVM Regulation No. 1/2006, by means of the cumulative voting method, each shareholder has the right to assign its cumulative votes (votes obtained by multiplying the votes held by any shareholder, according to the participation to the share capital, by five (5), ie the number of directors that are to form the Board of Directors) to one or more persons proposed to be elected in the board of directors.

The directors in office until the date of OGMS are automatically included by operation of law on the list of candidates for election in the new Board of Directors. The application of the cumulative vote method involves choosing the entire Board of Directors, consisting of five members, within the OGMS. The directors in office at the date of the OGMS that are not reappointed by the cumulative voting in the new Board of Directors shall be deemed revoked, their mandate being consequently terminated.

As also detailed in the updated voting ballot forms, in exercising the cumulative voting shareholders can cast all the cumulative votes to one candidate or to several candidates. The number of casted votes shall be mentioned for each candidate. The number of votes casted by a shareholder on the voting ballot form cannot exceed the number of cumulative votes of the respective shareholder, under penalty of cancellation of the voting ballot form.

The right of shareholders to add new items on the OGMS agenda

Shareholders representing, individually or together, at least 5% of the Company's share capital are entitled, within 15 days of the publication of the OGMS convening notice, to request in writing that new items are added on the general meeting's agenda, provided that each item is accompanied by a justification and by a draft resolution for the newly added items. The written request to add new items on the OGMS agenda, made within the legal deadline, shall be addressed to the Company's Board of Directors, through the Company's Registry Desk, by any form of courier, with confirmation of receipt, or via e-mail with incorporated extended electronic signature, as per Law 445/2001 on the electronic signature, at ir@electrica.ro, until 20 August 2014, 16.30 o'clock (Romanian time). Both means of submission shall state clearly and by writing in capital letters: "FOR THE ORDINARY GENERAL MEETING OF SHAREHOLDERS DATED 22 SEPTEMBER 2014".

The shareholders who make proposals for the addition of new items on the meeting's agenda must fulfil the identification requirements mentioned above. For this purpose, the Company may require that the respective shareholder provides the account statement evidencing its shareholder status and the number of shares owned, issued by the Central Depository or, as the case may be, by the participants that provide custodian services.

The documents justifying the proposals for the introduction of new items on the agenda and / or the corresponding draft resolution shall be made available to the shareholders, as of 22 August 2014, 16.30 o'clock (Romanian time), at the Company's Registry Desk, as well as on the Company's website at www.electrica.ro/informatii-utile/aga.

Participation of the shareholders to the OGMS meeting

The shareholders registered at the "Reference date" mentioned above as shareholders in the Company's Shareholders' Register kept and issued by Depozitarul Central S.A. may vote:

- personally by direct vote;

- through a representative with a special power of attorney;

- by correspondence.

In case of voting in person, the shareholders who are natural persons shall be identified on the basis of their identity document, and the shareholders that are legal persons shall be identified on the basis of the identity document of the legal representative and the original or certified copy of the ascertaining certificate, or any other document, in original or certified copy, issued by a competent authority from the state where the shareholder is legally incorporated, which certifies the capacity of the legal representative, issued no more than 3 months prior to the date of publication of the OGMS convening notice.

In case of voting by representation through special power of attorney, the special powers of attorney, in Romanian and / or in English language, filled in and signed by the shareholder, shall be submitted either in original at the Company's Registry Desk, by any form of courier, with confirmation of receipt, or via e-mail with incorporated extended electronic signature, as per Law 445/2001 on the electronic signature, at the address ir@electrica.ro, so that it is received by the Company by 20 September 2014, 13.00 o'clock (Romanian time), namely 48 hours before the OGMS takes place, under penalty of losing the right to vote in the OGMS.

Both means of submission shall state clearly in writing in capital letters: "FOR THE ORDINARY GENERAL MEETING OF SHAREHOLDERS DATED 22 SEPTEMBER 2014".

In case the special powers of attorney are sent via e-mail with incorporated extended electronic signature, they shall be submitted in original, before the start of the OGMS.

The powers of attorney or documents evidencing the capacity of legal representatives shall be retained by the Company and a mention in this regard shall be made in the minutes of the OGMS.

The special power of attorney shall contain the voting mention "for" or "against" or "abstain" and shall be accompanied, for natural persons, by a copy of the identity document, and for legal persons, by a copy of the identity document of the legal representative, together with the original or certified copy of the ascertaining certificate, in original or certified copy, or any other document, in original or certified copy, issued by a competent authority from the state where the shareholder is legally incorporated, and which certifies the capacity of the legal representative, issued no more than 3 months prior to the date of publication of the OGMS convening notice. A shareholder may be represented in the OGMS by a single shareholder Proxy or by another person than the shareholder.

If the documents certifying the capacity of the legal representative are drafted in a foreign language other than English, they shall be accompanied by a translation made by an authorised translator into Romanian and / or English.

The shareholders shall fill in the special power of attorney three copies, having the following recipients: one form for the shareholder, one form for the representative and one form for the issuer.

The powers of attorney of shareholders that provide custodian services shall have attached the documents required by Article 171 of the National Securities Commission Regulation No. 6/2009 regarding the exercise of certain rights of shareholders in general meetings of companies.

The Company accepts the appointment of representatives by electronic notification sent to the e-mail address ir@electrica.roaccording to Law No. 455/2001 on the electronic signature. In this case the power of attorney shall be submitted by extended electronic signature.

In case of voting by correspondence, the voting ballot forms shall contain the means of identification of the shareholder status and the number of shares owned, as well as the voting mention "for" or "against" or "abstain" of each item on the meeting agenda, and the voting ballot shall be updated in case new items are added on the agenda.

The original voting ballot forms, in Romanian and / or in English, filled in and signed by the shareholders, accompanied, for natural persons and Proxies, by a copy of the identity document, and for legal persons, by a copy of the identity card of the legal representative, together with the original or certified copy of the ascertaining certificate, in original or certified copy, or any other document, in original or certified copy, issued by a competent authority from the state where the shareholder is legally incorporated, and which certifies the capacity of the legal representative, issued no more than 3 months prior to the date of publication of the OGMS convening notice, shall be submitted to the Company's Registry Desk, by any form of courier, with confirmation of receipt, or via e-mail with incorporated extended electronic signature, as per Law 445/2001 on the electronic signature, at the address ir@electrica.ro, not later than 20 September 2014, 13.00 o'clock (Romanian time), namely 48 hours before the OGMS takes place, under penalty of losing the right to vote in the OGMS.

If the documents ascertaining the capacity of the legal representativeare drafted in a foreign language other than English, they shall be accompanied by a translation made by an authorised translator into Romanian and / or English.

If the voting ballot forms / special powers of attorney are not received at the Company's Registry Desk or by e-mail until 20 September 2014, 13.00 o'clock (Romanian time) they shall not be taken into account for determining the quorum majority in the OGMS meeting.

Should the agenda be completed / updated and shareholders do not send updated special powers of attorney and / or voting ballot forms, the special powers of attorney and the voting ballot forms submitted prior to the supplementation / update of the agenda shall be taken into account only as regards the items on the agenda for which they have exercised their right to vote.

The shareholders access in the meeting room, at the time of the meeting is allowed: for natural persons and Proxies though the simple proof of identity, which consists of presenting in original the identity document, and for legal persons, by presenting in original the identity card of the legal representative, together with the original or certified copy of the ascertaining certificate, in original or certified copy, or any other document, in original or certified copy, issued by a competent authority from the state where the shareholder is legally incorporated, and which certifies the capacity of the legal representative, issued no more than 3 months prior to the date of publication of the OGMS convening notice.

Setting the date of 7 October 2014, should the OGMS resolution be taken at the first calling, and 8 October 2014, should the OGMS resolution be taken at the second calling, as registration date for the identification of shareholders with respect to whom the effects of the resolution of the OGMS apply as per article 238 of Law No. 297/2004 on capital markets.

Additional information may be obtained from the BoD / OGMS Secretariat at the telephone number 21.208.50.40 as well as on the Company's website at www.electrica.ro/informatii-utile/aga.

President of the Board of Directors

Marius Eugen UNTESCU

Annex 2: Request received from the Department for Energy No. 1502275/20.02.2014

UNOFFICIAL TRANSLATION

To:

Societatea Comercială de Distribuţie şi Furnizare a Energiei Electrice - "ELECTRICA" S.A.

To Mr Marius Eugen UNTESCU, Chairman of the Board of Directors

Given the summoning of the Ordinary General Meeting of Shareholders of Societatea Comercială de Distribuţie şi Furnizare a Energiei Electrice - "ELECTRICA" S.A. on 22.09.2014, pursuant to the provisions of art. 117^1 of Law No 31/1990, as further amended and supplemented, the Ministry of Economy, through the Energy Department, on behalf of the Romanian State as shareholder holding 168,751,185 shares representing 48.7805% of the share capital of Societatea Comercială de Distribuţie şi Furnizare a Energiei Electrice - "ELECTRICA" S.A., requests the Board of Directors of the Company to add to the agenda of the Ordinary General Meeting of Shareholders (OGMS) on 22.09.2014, at 1 PM, the following items:

1. "Election of the members of the Board of Directors of Societatea Comercială de Distribuţie şi Furnizare a Energiei Electrice - "ELECTRICA" S.A. by the cumulative voting method;

2. Establishing the term of office of the members of the Board of Directors for a period of 4 years;

3. Approval of the Framework Administration Contract to be concluded by the Societatea Comercială de Distribuţie şi Furnizare a Energiei Electrice - "ELECTRICA" S.A. with the members of the Board of Directors;

4. Establishing the remuneration of the members of the Board of Directors of Societatea Comercială de Distribuţie şi Furnizare a Energiei Electrice - "ELECTRICA" S.A.;

5. Appointment of a person to sign, on behalf of the shareholders, the administration contracts with the Board of Directors"

We also request that these issues be discussed before item 2 on the agenda of the Ordinary General Meeting of Shareholders.

The proposals for the resolutions to be adopted by the Ordinary General Meeting of Shareholders after the issues are discussed according to the above-mentioned agenda are as follows:

Resolution no 1:

"The following members of the Board of Directors are elected by cumulative voting:

1. ....................................... - ............ cumulative votes;

2. ....................................... - ............ cumulative votes;

3. ....................................... - ............ cumulative votes;

4. ....................................... - ............ cumulative votes;

5. ....................................... - ............ cumulative votes,

The following members of the Board of Directors (...) are considered revoked, not being confirmed further to applying the cumulative voting method, their term of office thus ending as of the resolution date."

Resolution no 2: "The term of office of the members of the Board of Directors is established for a period of 4 years";

Resolution no 3: "The Framework Administration Contract to be concluded by Societatea Comercială de Distribuţie şi Furnizare a Energiei Electrice - "ELECTRICA" S.A. with the members of the Board of Directors is approved in the form proposed by the Ministry of Economy - Energy Department shareholder";

Resolution no 4: "A fixed monthly remuneration is established for the members of the Board of Directors of Societatea Comercială de Distribuţie şi Furnizare a Energiei Electrice - "ELECTRICA" S.A., which is equal to the average of the gross average monthly salary for the past 12 months in the field of Electric Power production and supply, communicated by the National Institute of Statistics prior to the appointment. Within 60 days as of appointment, the members of the Board of Directors shall submit for approval to the general meeting of shareholders the proposals for the performance criteria and objectives and an addendum to the Management Agreement shall be concluded, which shall contain both the performance criteria and objectives and the level of the variable component of the remuneration";

Resolution no 5: "The representative of the Ministry of Economy - Energy Department shareholder is appointed to sign, on behalf of the shareholders, the administration contracts with the members of the Board of Directors"

Furthermore, given that only the shareholders that are registered as shareholders of the company at the end of the day of 26.08.2014 (reference date) in the Registry of the Company's Shareholders kept by Depozitarul Central SA have the right to attend and vote during the General Meeting of Shareholders, we request the amendment of the notice to attend so that:

- the candidature proposals for the positions of member of the Board of Directors as well as the other mentions mandatorily required by law can be sent by 26.08.2014, 18:30;

- the proposals for the directors' remuneration can be sent by 26.08.2014, 18:30;

- the proposals for the Framework Administration Contract to be concluded by Societatea Comercială de Distribuţie şi Furnizare a Energiei Electrice - "ELECTRICA" S.A. with the members of the Board of Directors can be sent by 26.08.2014, 18:30.

Yours sincerely,