Societatea Energetica Electrica S.A. informed the shareholders and investors that, during the meeting held on 2 February 2022, the Board of Directors of the Company approved: the implementation of a reorganization process of the Company's personnel structure and the initiation of the collective dismissal procedure; the amendment of the Company's organizational structure effective as of 1 March 2022; the amendment of the Organisation and Functioning Regulation of the Company effective as of 1 March 2022;the notification of relevant authorities and of the Trade Union regarding the final decision of the Company to implement the reorganization process and to carry out the collective dismissal of the employees who currently occupy the positions to be cancelled, as well as the sending of all data and information provided by art. 72 of the Labour Code, including the result of the process of information and consultation with the Trade Union.