S N Nuclearelectrica S A : Dividend payment 2021

Current report according to the provisions of Law no. 24/2017 regarding the issuers of financial instruments and market operations

Report date: 24.05.2022

Name of issuing entity: NUCLEARELECTRICA S.A. National Company

Registered office: 65 Polona St., district 1, Bucharest

Telephone/Fax Number: 021-203.82.00 / 021 - 316.94.00

Sole Registration Code with the Trade Registry Office: 10874881

Running number: J40/7403/1998

Subscribed and paid-up share capital: LEI 3.016.438.940

Regulated market on which the issued securities are traded: The Bucharest Stock Exchange

To:	The Bucharest Stock Exchange
	The Financial Supervisory Authority
Ref.:

Significant event to report:

The payment of the dividends related to financial year 2021

Nuclearelectrica S.A. National Company ("SNN") hereby informs the shareholders that based on Resolution no. 5 of the Ordinary General Meeting of Shareholders dated 28.04.2022, SNN will be paying the dividends related to the financial year 2021 through the Depozitarul Central S.A. and CEC Bank, the selected paying agent.

The payment of dividends shall be made as of 24.06.2022, to the shareholders registered in the Register of Shareholders kept by Depozitarul Central S.A. at the registration date 07.06.2022.

The gross dividend value is lei 1,97559234 per share, and the related dividend tax will be withheld at source in the rates provided by the law. The payment of net dividends shall be done in LEI.

Details regarding the method of paying the dividends can be found in the document attached to

this report "Communication on the payment of dividends related to 2021 by Nuclearelectrica S.A. National Company", as well as on the company's website www.nuclearelectrica.ro, section Investor Relations/Dividends 2021.

Cosmin Ghita

General Manager

Societatea Nationala NUCLEARELECTRICA S.A.

65 Polona Street, District 1, 010494, Bucharest, Romania; Tel [phone], Fax [phone];

Trade Registry number: J40/7403/1998, Sole registration code: 10874881,

Paid and subscribed capital: 3.016.438.940 lei.

[e-mail],www.nuclearelectrica.ro

COMMUNICATION

on the payment of the dividends related to the financial year 2021 by Nuclearelectrica S.A.

National Company

In compliance with Resolution no. 5 of the Ordinary General Meeting of Shareholders dated April 28th, 2022, Nuclearelectrica S.A. National Company ("SNN") announces the payment of dividends related to the financial year 2021 via Depozitarul Central S.A. and CEC Bank, the selected paying agent for the payment of dividends.

The payment of dividends shall be done as of June 24th, 2022, date of payment, to the shareholders registered in the Register of Shareholders kept by Depozitarul Central S.A. on the registration date June 7th,2022. Ex-dateapproved by the Ordinary General Meeting of Shareholders of SNN is June 6th, 2022.

The gross dividend is RON 1.97559234 per share, and the related dividend tax will be withheld at source in the rates provided for by law.

The payment of net dividends shall be one in RON.

The payment of the net dividends due for 2021 is subject to the general provisions on prescription, being subject to prescription within 3 (three) years from the date of commencement of payment, i.e. June 24th, 2025.

Dividend payment methods:

1. Direct payment in the account of Participants (Brokers/ Custodian Banks) - for individual/legal entity shareholders who have opened an account with a PARTICIPANT on the clearing-settlement and registry system of the Central Depositary

For all those shareholders, individuals, legal entities or other entities, who, on the registration date, June 7th, 2022, hold shares highlighted in Section II of the SNN Register of Shareholders in the account opened with the Participant, the related amounts shall be automatically paid by bank transfer

via the Central Depository in the name of SNN, on the date of payment, June 24th, 2022, in the account of the Participant, without the submission of any further documents.

Societatea Nationala NUCLEARELECTRICA S.A.

65 Polona Street, District 1, 010494, Bucharest, Romania; Tel [phone], Fax [phone];

Trade Registry number: J40/7403/1998, Sole registration code: 10874881,

Paid and subscribed capital: 3.016.438.940 lei.

[e-mail],www.nuclearelectrica.ro

NOTE 1: All those shareholders holding accounts with the PARTICIPANTS, may not withdraw

their dividends in cash /transfer from CEC Bank counters. NOTE 2: SNN shall not opt for delayed payment date.

2. Payment by bank transfer on June 24th, 2022 in the account of the individual and legal entity shareholders, not represented by the Participant, according to a request for registering the IBAN account with the Central Depository.

The supporting documents referred to in Annex 1, section 2, for the performance of a bank transfer directly into the shareholder's account shall be transmitted to the Central Depository at least 4 business days prior to the date of payment, either by post or directly to the address Depozitarul Central S.A. - Bucharest, 34-36, Carol I Blvd., District 2.

In compliance with the legislation applicable to the capital market, as of 2015, the Central Depositary provides all shareholders who are not represented by Participants the option of cashing any amount of money due directly by bank transfer to a bank account, regardless of the issuer distributing the amounts of money. This option entails the registration of the IBAN code at the Central Depository, which may be used to collect more or all of the holdings and remaining valid for subsequent distributions, until a contrary notice from the shareholder is served. The registration of the IBAN by the Central Depository will be charged according to the schedule of rates charged to the holders of financial instruments and shall be borne by each individual shareholder. For further details on this payment option, SNN shareholders are kindly asked to contact the Central Depository at tel. [phone] or [e-mail]

3. Payment in cash only for shareholders who are individuals, via the payment agent - CEC Bank

For shareholders not represented by a Participant, who are individuals and do not have their IBAN account registered with the Central Depository, the payment shall be made by releasing cash at the counters of any CEC Bank unit on the territory of Romania.

For the payment via CEC Bank, the shareholders who are individuals shall submit at the CEC Bank counters the documents referred to in Annex 1, section 1.

The list of CEC Bank units is available on the website https://www.cec.ro/sucursale

In compliance with the provisions of the Tax Code in force, the standard tax rate applicable to dividend income is 5% of the gross amount of the dividends, with the exceptions relate to the non-taxation of dividend income being provided separately. Furthermore, non-resident shareholders may benefit from a different, more favorable, tax rate in compliance with the provisions of the Tax Code and Double Taxation Conventions concluded between Romania and the state of residence of that shareholder, based on the valid certificate of tax residence submitted by the non-residentshareholder.

Societatea Nationala NUCLEARELECTRICA S.A.

65 Polona Street, District 1, 010494, Bucharest, Romania; Tel [phone], Fax [phone];

Trade Registry number: J40/7403/1998, Sole registration code: 10874881,

Paid and subscribed capital: 3.016.438.940 lei.

[e-mail],www.nuclearelectrica.ro

The non-resident shareholders, which have accounts opened with the Participants (Broker / Custodian Bank), and those that do not have accounts opened with the Participants (those that choose the methods provided under sections 2 and 3) which want the application of the more favorable provisions of the Agreement for avoiding double taxation concluded between Romania and their country of residence must send or submit, either by the Participant, if they have accounts opened with the Participant, or directly, if they have accounts opened with the Participant, at the headquarters of SN Nuclearelectrica S.A., at 65, Polona Street, district 1, Bucharest, zip code 010494, in attention of the Communication and Investor Relations Department, by June 10th, 2022 inclusively, the fiscal residence certificate for the year in which the dividends are paid, within the validity term, as original documents or as certified copies, with apostilles/superlegalization, if applicable, accompanied by certified translations, and contact details for clarifications, if any, on the fiscal residence certificates. If the verification of the fiscal residence and the provisions of the agreement for avoiding double taxation show that the more favorable rate provided in the agreement for avoiding double taxation may be applied, on the payment date, June 24th, 2022, such shareholders will receive the net dividends by applying that rate. Otherwise, the standard rate in force provided by the Fiscal Code of Romania will be applied.

In case of submission of the certificate of tax residence, together with a request for payment through bank transfer of the net dividends distributed by SN Nuclearelectrica S.A., after the date of June 10th, 2022, but not later than December 14th, 2022, SNN shall withhold on the date of payment (June 24th, 2022) the dividend tax in force provided by the Romanian Tax Code, with any tax difference due to the shareholder being paid subsequently to the transmission and verification of the documentation, if following the receipt and the verification thereof it results that it would be entitled to a lower tax rate than the standard one laid down in the Romanian Tax Code.

SNN reserves the right to request additional documentation from the shareholder/its proxy, following the analysis of the application requesting the distribution of dividends.

The certificates of tax residence submitted by Participants after June 10th, 2022 for the shareholders these are representing may be submitted at the SNN headquarters at 65, Polona Street, District 1, Bucharest, zip code 010494. Participants shall mention in the submission address of the afore-mentioned documents, the fact that these refer to shareholders of SNN and the dividends related to the financial year 2021, indicating the list of shareholders for whom the tax documents are being submitted, list that shall include: the full name of the shareholder (for the situations where the name in the Register of Shareholders is different from the one mentioned in the tax documents, the reasons/explanations of these differences shall be noted under the heading "Other comments"), the shareholder's identification code in compliance with the identification code sent to the Central Depositary (i.e. NIN), number of shares held on the Registration date.

If the supporting documents are issued in a language other than Romanian and/or issued by foreign authorities, these should be submitted with apostille/superlegalization, if applicable, as well as in a certified translation into Romanian.

Societatea Nationala NUCLEARELECTRICA S.A.

65 Polona Street, District 1, 010494, Bucharest, Romania; Tel [phone], Fax [phone];

Trade Registry number: J40/7403/1998, Sole registration code: 10874881,

Paid and subscribed capital: 3.016.438.940 lei.

[e-mail],www.nuclearelectrica.ro

In compliance with Law no. 207/2015 on the Fiscal Procedure Code, as well as the Order of the President of the National Agency for Fiscal Administration no. 1699/October 25th, 2021 for the approval of the tax registration forms of taxpayers and the types of tax liabilities that form the fiscal vector, the shareholders of SN Nuclearelectrica SA who are individuals, as well as non-residentlegal entities have the obligation to register in Romania for tax purposes, by submitting with the competent tax authorities in Romania of the Tax Registration Statement 015 (for non-resident legal entities) and 030 (for non-resident individuals) in order to obtain the tax identification code.

Statement 015(for non-resident legal entities) and Statement 030 (for non-resident individuals) will be submitted at the registry of the relevant tax authority in Romania either directly (legal representative), through proxy or through the income payer.

Shareholders who are individuals, as well as non-resident legal entities, shall transmit to the SNN headquarters in Bucharest, 65 Polona St., the Department of Investor Relations, by December 14th, 2022 at the latest, documents that feature the tax identification code obtained from the relevant tax authorities in Romania.

Non-resident individuals and non-resident legal entities may also obtain the tax registration code through the income payer (SN Nuclearelectrica SA), by submitting a power of attorney in this regard, as well as the following documents:

1. for non-resident individuals

• copy of the identity document/passport where the serial number and the date of issue are mentioned - the term of validity (including the agency that issued such identification document), the domicile address of the non-resident individual, the region, postal code, certified by the holder as a

"certified true copy", as well as the telephone/fax number and the e-mail address;

• the certificate of tax residence for the year in which the payment of dividends takes place, within the validity term, in original or certified copy with apostille/with over-legalization, if the case may be, accompanied by an authorized translation.

1. for non-resident legal entities:

• copy of the act/certificate of incorporation issued by the trade register or the tax agency of the country of residence specifying the tax code and identification data of the legal entity, including the address of the registered office where the company performs its tax activity - certified by the holder as a "certified true copy", as well as telephone/fax number and the e-mail address;
• the certificate of tax residence for the year in which the payment of dividends takes place, within the validity term, in original or certified copy with apostille/with over-legalization, if the case may be, accompanied by an authorized translation.

The above-mentioned documents shall be submitted at the SNN headquarters in Bucharest, 65 Polona St., Bucharest, District 1, postal code 010494.

Societatea Nationala NUCLEARELECTRICA S.A.

65 Polona Street, District 1, 010494, Bucharest, Romania; Tel [phone], Fax [phone];

Trade Registry number: J40/7403/1998, Sole registration code: 10874881,

Paid and subscribed capital: 3.016.438.940 lei.

[e-mail],www.nuclearelectrica.ro