REG-Endesa, S.A. AGM Statement

Endesa SAAnnouncement

17/10/2022 07:00

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AGM Statement

 

Borja Acha Besga

Secretary of the Board of Directors

Madrid, 14 October 2022

OTHER RELEVANT INFORMATION

Pursuant to Article 227 of the Spanish Securities Market Act, Endesa, S.A.
hereby reports the following information:

On 14 October 2022, the Board of Directors of Endesa, S.A. has resolved to
convene an Extraordinary General Shareholders’ Meeting to be held at
Endesa's headquarters in Ribera del Loira nº 60, Madrid, on 17 November 2022,
at 12:00, at single call, with the following agenda:

1. Submit to the General Shareholders' Meeting for approval, at the proposal
of the Board of Directors, with the majority vote of the independent Directors
and following a report prepared by the Audit and Compliance Committee on the
fairness and reasonableness from the point of view of the Company and of
shareholders other than the related party, the following five related-party
transactions, in compliance with the provisions of articles 529 duovicies and
529 tervicies of the Corporate Enterprises Act:

1.1. The renewal of the joint management agreement for LNG carriers and of the
contracts for the supply of liquefied natural gas (LNG) of US origin between
Endesa Energía, S.A.U. and Enel Global Trading, S.p.A. for 2023 and their
extension during 2022, for a total estimated amount of 210 million euros.

1.2. The purchase and sale of a maximum volume of two TWh of liquefied natural
gas (LNG) between Enel Global Trading S.p.A and Endesa Energía, S.A.U. during
2023, for a total amount of approximately 290 million euros.

1.3. The acquisition of two liquefied natural gas (LNG) carriers,
approximately two TWh of gas, from Enel Generación Chile, S.A. by Endesa
Energía, S.A.U., in 2024, for a total of approximately 121 million euros.

1.4. The formalisation of the following financial transactions, for a total
amount of five billion euros:

a) Granting of a twelve-month line of credit by Enel Finance International
N.V. (subsidiary of the Enel, S.p.A. Group) to Endesa, S.A. for a maximum
amount of up to three billion euros.

b) Issuance of a guarantee by Enel, S.p.A. for bonds issued by Endesa
Generación, S.A. (against a bank guarantee of Endesa, S.A.) for an amount of
up to two billion euros, until 30 June 2023.

Both financial instruments shall be used by the Company to fulfil its
obligations with third parties, arising from the operational regulations of
national or international regulated gas and electricity markets in which it
participates and other directly or indirectly related obligations.

1.5. Renewal of the provision of the wind turbine vibration analysis service
by Enel Green Power España, S.L. to Enel Green Power, S.p.A. over a period of
five years for an amount of five million euros.

2. Delegation to the Board of Directors of authority to execute and implement
the resolutions adopted at the General Meeting, as well as to sub-delegate the
powers that the General Meeting entrusts to the Board.

The meeting notice for the Extraordinary General Shareholders’ Meeting will
be published in the coming days, under the terms provided by law.

Secretary to the Board of Directors



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Endesa, S.A.


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