S.P.E.E.H. Hidroelectrica S.A.

Societate administrata in sistem dualist

Bd. Ion Mihalache, nr. 15-17, sector 1, Bucuresti
Cladirea Tower Center, et. 10-15
RO 13267213, J40/7426/2000
Capital Social: 4.498.025.670 RON

Announcement
Availability of the revised version of the Income and Expenses Budget for 2024

Following the requests from the shareholder the Romanian State through the Ministry of Energy,
S.P.E.E.H. Hidroelectrica S.A. ("Hidroelectrica") informs shareholders and investors about the
publication of the revised version of the Income and Expenses Budget for 2024 and the
Substantiation Note on the Income and Expenses Budget for 2024, on the company’s website,
www.hidroelectrica.ro, Investor Relations section -> General Shareholders Meetings -> 2024
GSM Documents.
Thus, additional information was requested on conjectural revenues, available on the
Substantiation Note on the Income and Expenses Budget for 2024, page 10.
At the same time, inconsistencies were identified and revised as follows:
Initial published version (Substantiation Note on the Income and Expenses Budget for 2024 -
page 2):
Accrued 2023 Proposals 2024 %
a) from the sold generation 11,806,730 9,625,249 82%
b) from the sale of goods 339,714 473,027 139%
d) from the production of fixed assets 30 0 0%
f) other operating revenues 11,958 38,859 325%

Revised version (Substantiation Note on the Income and Expenses Budget for 2024 - page 2):
Accrued 2023 Proposals 2024 %
a) from the sold generation 11,806,730 10,139,459 86%
b) from the sale of goods 339,714 497,226 146%
d) from the production of fixed assets 30 0 0%
f) other operating revenues 11,958 38,859 325%
 S.P.E.E.H. Hidroelectrica S.A.
Societate administrata in sistem dualist
Bd. Ion Mihalache, nr. 15-17, sector 1, Bucuresti
Cladirea Tower Center, et. 10-15
RO 13267213, J40/7426/2000
Capital Social: 4.498.025.670 RON

Initial published version (Annexes – page 21 of the PDF)

2023 2024 2025 2026
Preliminary Influences (+/-) Influences (+/-) Influences (+/-)

Outstan Outstan Outstan

ding ding ding
Gross paymen paymen paymen Outstanding
Item no. Measures Implementation deadline result ts Gross result ts Gross result ts Gross result payments
0 1 2 3 4 5 6 7 8 9 10
Measures to improve gross result and
Item I reduce outstanding payments
1 Reduction of inventory expenses 31.12.2024/31.12.2025 X X 409,117 55,590 -
Reduction of expenditure on services
2 provided by third parties 31.12.2026 X X - - 2,966
Reduction of fees, taxes and similar
3 expenses 31.12.2024/31.12.2025 X X 167,946 15,817 -
Reduction of other operating
4 expenses 31.12.2024/31.12.2025 X X 212,097 30,988 -
Reduction of expenses from financial
5 activity 31.12.2024 X X 16,199 - -
6 Turnover increase 31.12.2025/31.12.2026 X X - 92,895 280,082

7 Increase in other operating revenues 31.12.2024 X X 26,900 - -

TOTAL ITEM I X X 832,260 - 195,290 - 283,048 -

Causes that diminish the effect of the

Item II measures provided for in section I
1 Increase in inventory expenses 31.12.2026 X X - - (27,322)
Reduction of expenditure on services
2 provided by third parties 31.12.2024/31.12.2025 X X (121,195) (66,115) -
Increase in expenses for other
3 services provided by third parties 31.12.2024/31.12.2025/31.12.2026 X X (392,878) (152,767) (166,023)
Reduction of fees, taxes and similar
4 expenses 31.12.2026 X X - - (4,281)
5 Increase in personnel expenses 31.12.2024/31.12.2025/31.12.2026 X X (36,592) (52,756) (38,452)

6 Increase in other operating expenses 31.12.2026 X X - - (88,064)

Increase in expenses from financial
7 activity 31.12.2025/31.12.2026 X X - (72,926) (60,336)
8 Decrease in turnover 31.12.2024 X X (1,509,758) - -

9 Decrease in other operating revenues 31.12.2025 X X - (33,103) -

Decrease in income from the
10 production of fixed assets 31.12.2024 X X (30) - -
Decrease in income from financial
11 activity 31.12.2024/31.12.2025/31.12.2026 X X (109,003) (38,453) (57,900)

TOTAL ITEM II X X (2,169,457) - (416,120) - (442,378)

Item III GRAND TOTAL Item I + Item II 7,208,247 - (1,337,198) - (220,830) - (159,330) -
 S.P.E.E.H. Hidroelectrica S.A.
Societate administrata in sistem dualist
Bd. Ion Mihalache, nr. 15-17, sector 1, Bucuresti
Cladirea Tower Center, et. 10-15
RO 13267213, J40/7426/2000
Capital Social: 4.498.025.670 RON

Revised version (Annexes – page 21 of the PDF)

2023 2024 2025 2026
Preliminary Influences (+/-) Influences (+/-) Influences (+/-)

Outstan Outstan Outstan

ding ding ding
Gross paymen paymen paymen Outstanding
Item no. Measures Implementation deadline result ts Gross result ts Gross result ts Gross result payments
0 1 2 3 4 5 6 7 8 9 10
Measures to improve gross result and
Item I reduce outstanding payments
1 Reduction of inventory expenses 31.12.2024/31.12.2025 X X 409,118 55,590 -
Reduction of expenditure on services
2 provided by third parties 31.12.2026 X X - - 2,966
Reduction of fees, taxes and similar
3 expenses 31.12.2024/31.12.2025 X X 179,731 15,817 -
Reduction of other operating
4 expenses 31.12.2024/31.12.2025 X X 211,679 30,988 -
Reduction of expenses from financial
5 activity 31.12.2024 X X 16,199 - -
6 Turnover increase 31.12.2025/31.12.2026 X X - 92,895 280,082

7 Increase in other operating revenues 31.12.2024 X X 26,901 - -

TOTAL ITEM I X X 843,628 - 195,290 - 283,048 -

Causes that diminish the effect of the

Item II measures provided for in section I
1 Increase in inventory expenses 31.12.2026 X X - - (27,322)
Reduction of expenditure on services
2 provided by third parties 31.12.2024/31.12.2025 X X (121,195) (66,115) -
Increase in expenses for other
3 services provided by third parties 31.12.2024/31.12.2025/31.12.2026 X X (404,244) (152,769) (166,023)
Reduction of fees, taxes and similar
4 expenses 31.12.2026 X X - - (4,281)
5 Increase in personnel expenses 31.12.2024/31.12.2025/31.12.2026 X X (36,595) (52,753) (38,453)

6 Increase in other operating expenses 31.12.2026 X X - - (88,064)

Increase in expenses from financial
7 activity 31.12.2025/31.12.2026 X X - (72,926) (60,336)
8 Decrease in turnover 31.12.2024 X X (1,509,759) - -

9 Decrease in other operating revenues 31.12.2025 X X - (33,103) -

Decrease in income from the
10 production of fixed assets 31.12.2024 X X (30) - -
Decrease in income from financial
11 activity 31.12.2024/31.12.2025/31.12.2026 X X (109,003) (38,453) (57,900)

TOTAL ITEM II X X (2,180,826) - (416,119) - (442,379)

Item III GRAND TOTAL Item I + Item II 7,208,247 - (1,337,198) - (220,829) - (159,331) -

Karoly BORBELY Marian FETITA

Chairman of the Management Board - CEO Member of the Management Board - CFO