Abu Dhabi National Energy Company

Abu Dhabi Future Energy Company PJSC ("Masdar"), a leading clean energy company in the UAE, in which Abu Dhabi National Energy Company PJSC ("TAQA") holds a 43% share, has announced a definitive agreement to acquire a controlling stake in Terna Energy SA (TENERGY.AT) from GEK Terna Holdings SA (GEKTERNA.AT) and other shareholders. This acquisition is subject to regulatory approvals and other conditions. The information was disclosed in a letter addressed to the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange, signed by Mohammad Adnan Sharafi, Board Secretary.

Abu Dhabi National Energy Company PJSC (TAQA) announced that discussions regarding a potential cooperation agreement with Criteria Caixa and the possible acquisition of shares in Naturgy Energy Group, S.A. from CVC and GIP have ended without a transaction taking place. This follows a previous statement made on April 17, 2024. The announcement was addressed to the Disclosures and Compliance Section of the Market Operations Surveillance Department at the Abu Dhabi Securities Exchange. The communication was signed by Mohammad Adnan Sharafi, Board Secretary.

The Board of Directors of the Abu Dhabi National Energy Company PJSC (TAQA) held a meeting on 14 May 2024, at the company's headquarters. The Board approved the unaudited financial results for the period ending 31 March 2024. They also approved the payment of an interim cash dividend of 0.70 fils per share for the first quarter of the financial year 2024. The last day to participate is 22 May 2024, the ex-dividend date is 23 May 2024, the record date is 24 May 2024, and the payment date is 6 June 2024. The Board also discussed general matters concerning the company's activities and projects. The information was communicated by Mohammad Adnan Sharafi, the Board Secretary.

The Abu Dhabi National Energy Company PJSC (TAQA) has released its review report and interim condensed consolidated financial statements for the three-month period ending 31 March 2024. These documents are currently unaudited.

TAQA Group reported a net income of AED 2.1 billion for Q1 2024, a 6.9% increase compared to the same period last year, excluding one-off items. Revenues also increased by 5.3% to AED 13.7 billion, and adjusted EBITDA rose by 4.9% to AED 5.5 billion. These financial gains were boosted by contributions from the Sustainable Water Solutions Holding Company. However, net income saw a decrease of AED 9.5 billion due to one-off items recognized in 2023. Capital expenditure was significantly higher by 60.3%, driven by construction progress in desalination projects. Free cash flow generation was AED 0.3 billion, lower than the previous year due to increased investments in renewable energy projects. Gross debt increased to AED 62.5 billion, up from AED 61.7 billion at the end of 2023, due to project debt assumed on the acquisition of SWS Holding and investment in desalination projects.

The Abu Dhabi National Energy Company PJSC ("TAQA") has announced a meeting of its Board of Directors to be held on Tuesday, 14 May 2024, at the Company's headquarters. The meeting will discuss and resolve on the following matters: consideration and approval of the unaudited financial results for the period ended 31 March 2024, approval of the payment of an interim dividend for the first quarter of the financial year 2024 in accordance with the existing shareholder-approved dividend policy, and other general matters relating to the activities of the Company and its projects. The information was disclosed by Mohammad Adnan Sharafi, Secretary to the Board of Directors.

The Acting Head of Listed Companies Affairs at Abu Dhabi Securities Exchange, Mr. Hamad A. Al Ali, received a letter from Mohammad Adnan Sharafi, the Secretary to the Board of Directors of Abu Dhabi National Energy Company PJSC (TAQA). The letter informed him of a Board of Directors meeting to be held on Tuesday, 14 May 2024, at 3 p.m. at the company's headquarters. The agenda includes reviewing and approving the unaudited financial results for the period ending 31 March 2024, approving the payment of an interim dividend for the first quarter of the financial year 2024, and discussing other general matters related to the company's activities and projects.

The Abu Dhabi National Energy Company PJSC (TAQA) has announced that it is in discussions with Criteria Caixa regarding potential cooperation with Naturgy Energy Group, S.A. ("Naturgy"). TAQA is also in talks with CVC and GIP about a possible acquisition of their shares in Naturgy, which could lead to an offer for all shares of Naturgy. However, no agreement has been reached with Criteria Caixa, CVC, or GIP, and there is no certainty about any potential transaction. TAQA has not approached Naturgy. Further announcements will be made if necessary. The announcement was made by Mohammad Adnan Sharafi, Board Secretary of TAQA.

The Abu Dhabi National Energy Company PJSC (TAQA) has confirmed it is in discussions with Criteria Caixa about potential cooperation with Naturgy Energy Group, S.A. Additionally, TAQA is in talks with CVC and GIP about possibly acquiring their shares in Naturgy, which would trigger an offer for all Naturgy's shares. However, no agreement has been reached with Criteria Caixa, CVC, or GIP and no approach has been made by TAQA to Naturgy. The company stated there is no guarantee of any transaction or certainty about the terms of any potential transaction. Further announcements will be made if applicable.