“HIDROELECTRICA” S.A. announces admission to trading and first day of dealings

Societatea de Producere a Energiei Electrice in Hidrocentrale “HIDROELECTRICA” S.A. (“Hidroelectrica” or the “Company”), Romania’s leading electricity producer with a 100% renewable portfolio and one of the largest hydropower companies in Europe, announces the admission to trading (“Admission”) of its shares (the “Shares”) on the Premium tier of the regulated market of the Bucharest Stock Exchange (the “BSE”). Trading will commence at 10:00 AM EEST under the symbol “H2O”.

As announced on 5 July 2023, the initial public offering by Fondul Proprietatea S.A., an alternative investment fund managed by Franklin Templeton International Services S.À R.L, of 78,007,110 Shares was priced at RON 104 per Share, implying a market capitalization of RON 46.8 billion (€9.4 billion) at Admission.

Bogdan Badea, Chief Executive Officer of Hidroelectrica, commented: “We are delighted that Hidroelectrica’s shares are now listed and trading on the Bucharest Stock Exchange. This represents the final stage of an intense and lengthy process that has delivered the results we witness today. The success of the IPO is, on one hand, a historic achievement for the Company and, on the other hand, evidence of the immense potential that the Romanian capital market has to contribute to our growth as an economy, as a country, and as a nation.

I would like to thank everyone who has made this landmark listing possible, for their commitment, consistency, care, and diligent work in realising this project. The significant interest in the IPO from both domestic and international investors is testament to both the quality of our business and its future prospects, and the listing on the Premium tier of the BSE’s regulated market will underpin Hidroelectrica’s long-term growth. On behalf of the Company, I extend a warm welcome to all our new shareholders. We look forward to sharing the future successes of the business with you, as we drive value creation while contributing towards Romania’s energy transition goals.“

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