Public Sale Offering of Shares

• The information on the following websites does not constitute an offer, or an invitation to purchase, securities of S.P.E.E.H Hidroelectrica S.A. in any jurisdiction in which such offer or invitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation. Potential users of this information are requested to inform themselves about and to observe any such restrictions.
• Any securities discussed on the following pages may not be offered or sold in the United States absent registration under the United States Securities Act of 1933, as amended, or pursuant to an exemption from, or in a transaction not subject to, such registration.

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