Executive Management Change

Societatea Energetica Electrica S.A.

9, Grigore Alexandrescu str.

010621 District 1, Bucharest, Romania

Phone: 021-208 59 99; Fax: 021-208 59 98

Fiscal Registration Certificate RO 13267221

J40/7425/2000

Share capital: 3.459.399.290 RON

www.electrica.ro

To: Romanian Financial Supervisory Authority (ASF)

Bucharest Stock Exchange (BVB)

London Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, the Romanian Capital Market Law no. 297/2004, CNVM Regulation no. 1/2006, and the Bucharest Stock Exchange Code

Report date: 15 December 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), London Stock Exchange (LSE)

Significant events to be reported:

Executive Management Change

During the meeting held on 15 December 2017, the Board of Directors of Electrica SA approved the revocation of Mrs. Iuliana Andronache from the position of Chief Financial Officer of Electrica SA starting with 15 December 2017, 16:30 o'clock (Romanian time).

During the same meeting, the Board of Directors of Electrica SA decided to appoint Mr. Mihai Darie, Romanian citizen, as Chief Financial Officer, starting with 3 January 2018, for a period of four years.

CEO

Dan Catalin Stancu