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We are enriched by our reciprocate

differences.

Paul Valery

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“You never let a serious crisis go to waste. And what I mean by that it's an opportunity to do things you think you could not do before.”

Rahm Emanuel

Slovenské elektrárne, a.s.Subsidiary of Enel

Michele Bologna Director of External Relations

ROMANIA Notable presence in

wind generation Second operator in

distribution (31%) 2.6 mln customers

ITALY First operator in

generation (28%) First operator in

distribution (85%) 32 mln customers

(power and gas)

SPAIN

First operator in generation (27%)

First operator in distribution (43%)

13 mln customers (power and gas)

PERU First operator in

generation (28%) Second operator in

distribution (21%) 1.1 mln customers

CHILE First operator in

generation (33%) First operator in

distribution (22%) 1.6 mln customers

NORTH-CENTRALAMERICA North America, Costa

Rica, Panama, El Salvador, Mexico and Guatemala:renewable presence

RUSSIA First vertically

integrated foreign operator (upstream, generation, sales)

SLOVAKIA First operator in

generation (78%)

FRANCE Notable presence

in wind generation

BRAZIL Presence in generation

and distribution 5.9 mln customers

COLOMBIA First private operator in

generation (21%) Second operator in

distribution (25%) 2.6 mln customers

ARGENTINA First private operator in

generation (13%) Second operator in

distribution (17%) 2.4 mln customers

Enel estimates. Generation market share based on energy produced in the country, distribution market share on energy distributed in the country

Slovenské elektrárne, subsidiary of Enel Enel world presence

About us

VISIONTo be the safest, most

reliable, efficient and competitive

producer of electricity creating value for our

customers, shareholders and

employees

MISSIONTo achieve the

highest levels of safety and

performance throughexcellent execution,

continuous improvement and

teamwork

PRODUCERSE produces electricity

and heat. It is thelargest power

generating company in Slovakia and one of the largest in Central and

Eastern Europe

OPERATORSE operates 34 hydro,

2 nuclear and 2 thermal power plants, owns directly 4.993

MW of gross capacityand controls 5.739 MW

of gross capacity

As of Dec. 2012

Nuclear: Excluding the decommissioned Bohunice V1 units (1&2) which are not owned by SE

Thermal: Including 4x110 MW installed off-line capacity at TPP Vojany IIHydro: Including run-of-the-river plant VEGA (746,4 MW) which is operated by SE but owned by

Vodohospodarska vystavba;

Hydro fleet consist of pumped storage and run-of-the river plants

Portfolio

NUCLEARBohunice NPP

1000 MWMochovce NPP

940 MW

HYDRO34 HPPs

2 399 MW

THERMALVojany TPP880 MW

Nováky TPP518 MW

SOLAR

2 MW

34%42%

24%

Share ofsources(installedcapacity)

NUCLEAR HYDRO THERMAL SOLAR

Thermal: Both the Nováky and the Vojany TPP co-fire biomass (wooden chips) with a goal to gradually reach the share to 20% in EVO and up to 30% in ENO

Hydro: including VEGa

Production

15.4TWh

4.2TWh

2.6TWh

0.02TWh

Gross production

22.2TWh

78%

22%

SE’s generation

share

89%

12%

CO2free

Electricity pricing and structure

Prices according toEurostat, incl. taxes for households with annual consumption between2500 - 5000 kWhPrices according toEurostat, incl. taxes for industrial customers with annual consumption between 500 – 2000 MWh

050

100150200250300

SK CZ D EU 27

2009 2010 2011 2012

HouseholdsIndustry

0

50

100

150

SK CZ D EU 27

€/MWh

Development of electricty on wholesale markets(€/MWh)

86143 165

275

519

772682

0

100

200

300

400

500

600

700

800

900

1000

2006 2007 2008 2009 2010 2011 2012 2013 2014

mEur

0.6%0.9%

1.0%

2.1%

3.6%

5.0%4.5%

Contributions of investments to GDP

SE CAPEX

Share of SE‘s contribution on Total annual investment component of the GDP (gross fixed capital formation)

Sources: AFC, Annual report, Ministry of Finance, NBS

€2,64 BN

Total committed2006 – 2012 of:

Total projected2013 - 2017 of:

€2,38 BN

9

Backbone of the economy

Budget

486 M€

280.2205.5

Taxes Social contributions

Taxes and Social contributionin 2006 -2011

SE have levied taxes and contributions to the Slovak budget at a total of 485,7 MEUR within the period 2006-2011

Investments

1 960 M€

Investments in Slovakia in 2006 -2011

Authorities

366M€

Contributions to NNF in 2006 -2011

SE has contributed to the NNF with a totalof 365,6 M€

A significant increase isanticipated due to change in the levy structure – increase in fix part of the levy by 16%.The new legislation aswell as the MO34 completion should bringthe NNF more than 531 M€ in the next 4 years.

Since the privatisation in 2006, SE

invested almost 2 000 M€ in

modernization and development of

the fleet of its plants.

SE‘s investments in 2011represent almost 5% of the overallformation of gross fixed capitalin Slovak economy.

• without VAT** cumulative revenue – all activities (06-11)

Companies

1 233 M€*

Payments to State companies in 2006 -2011

SE paid to the budgets of State companies a total of 1 233 M€which represented ca. 60% oftheir total revenue for the period.

Vodohospodárska výstavba

JAVYS

SVP

177,1 M€ – 28,1% of revenue**

546,5 M€ – 73,8% of revenue**

509,3 M€ – 80,2% of revenue**

Breakdown:Due to the introduction of the Special Levy and 4 % higher Corporate Income Tax, the contribution of SE towards the State Budget will be significantly higher in the next period 2013 – 2018.

(1) Gross national product 10

Nearly 7 mn EUR invested during 2009-2012 in CSR activities under the Energy for the Countryprogram, which includes:

Energy for Life – support social and health services

Energy for Culture – promote and preserve cultural values

Energy for Nature – protect environment and biodiversity

Energy for Education – promote education and innovation

Energy for Sport – promote health protection and sport

Slovenské elektrárne is a good citizen