Interim statement: Q3 2015 - Elia

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Nov 13, 2015 - As stated in the press release on the 2015 half-yearly results, the Elia ... energy transitions by enabli
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13/11/2015 For further information, please contact: Media Kathleen Iwens +32 2 546 75 11 +32 478 66 45 55 [email protected]

Investor Relations Tom Schockaert +32 2 546 75 79 +32 494 42 28 65 [email protected]

Interim statement: Q3 2015 

New allocation rules for long-term cross-border transmission capacity



HGRT opens up share capital to three new shareholders



European Commission confirms eligibility for grant of Kriegers Flak, the Danish-German offshore interconnector



Successful €890-million bond issued by 50Hertz Transmission

Financial forecast As stated in the press release on the 2015 half-yearly results, the Elia Group cannot make profit forecasts because the annual result depends on parameters that will only be known or can only be calculated at the end of 2015 (i.e. the average Belgian 10-year interest rate, the beta factor of the Elia share, and inflation). New allocation rules for long-term cross-border transmission capacity The Central West Europe (CWE) zone is launching new allocation rules for longterm cross-border capacity rights for products delivered from 1 January 2016 onwards. This dovetails with a European pilot project striving to harmonise the rules on allocating all long-term cross-border transmission capacity. As a reminder, the auction revenues are non-controllable revenues and don’t have an impact on the net result of the Elia group. The harmonisation of the allocation rules for long-term cross-border transmission capacity is one of the requirements of the upcoming new European Grid Code for Forward Capacity Allocation. These are rights that market players can buy via explicit auctions organised by the Joint Allocation Office (JAO) for the CWE region. The JAO is the organisation which organises the auction of transmission rights at 27 borders in Europe on behalf of 20 system operators. In anticipation of these changes, European system operators in the CWE zone (TenneT, Amprion, RTE, Transnet, Elia) have already started harmonising their allocation rules for long-term transmission rights. The market players have already been notified of these changes and can monitor progress on the website of ENTSO-E (the association of European transmission system operators), as well as via the JAO joint allocation platform and the system operators involved.

HGRT opens up the share capital to three new shareholders HGRT and its shareholders, RTE, TenneT and Elia, have successfully completed the transactions of the entry of Austrian Power Grid, Amprion and Swissgrid into its share capital. All three new shareholders acquired a 5% stake in HGRT from the existing outstanding shares. As a result of these transactions, the participation of Elia in HGRT decreased from 20% to 17%. Since the integration of APX Group and EPEX SPOT, Elia, RTE and TenneT – together through HGRT – hold a 49% equity stake in EPEX SPOT. This new transaction is an important milestone in the further integration of the Central West Europe region and will foster cooperation between transmission system operators and the European Power Exchange in this region. This is a crucial step forward in the creation of the European power market. European Commission confirms eligibility for grant of Kriegers Flak, the Danish-German offshore interconnector 50Hertz and Energinet.dk plan to establish a 400-MW offshore interconnection between national power grids. The European Commission has now granted the revised technical layout for the world’s first offshore interconnection that uses national grid connections to offshore wind farms. Kriegers Flak is the nucleus of an offshore grid in the Baltic Sea, a milestone in the development of European grids. The project will receive funding of up to €150 million from the European Energy Programme for Recovery (EEPR). By awarding this grant, the European Union underlines the importance of interconnectors in the creation of one common energy market in Europe. An integrated market enables a more efficient use of generation capacity and increases the security of supply. The new connection also helps to manage both countries’ energy transitions by enabling the transport of renewable energy over long distances and across borders. The new interconnection is planned between the Danish region of Zealand and Germany’s MecklenburgWestern Pomerania and is scheduled to be operational by the end of 2018. Successful €890-million bond issued by 50Hertz Transmission On 27 October, Eurogrid GmbH, the parent company of 50Hertz, issued a corporate bond of €750 million with an eight-year term and a coupon of 1.625% as well as a bond of €140 million with a 15-year term and a coupon of 2.625%. The bonds were placed with investors from over 25 countries with the support of BNP Paribas, ING, MUFG and UniCredit Bank. The four German TSOs publish the EEG (Renewable Energy Act) charge for 2016 Like every year, the four German transmission system operators (TSOs) published the EEG charge for 2016 on 15 October this year. End consumers will pay 6.354 eurocents per kWh to promote renewable energies in the power sector in 2016, making the 2016 EEG charge slightly higher than the previous year's (6.170 eurocents per KWh). The TSOs calculated the EEG charge for 2016 on behalf of the German legislator, based on forecasts by independent experts. The total amount of the charge in 2016 will be approximately €22.9 billion.

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Financial calendar Publication of 2015 annual results Availability of 2015 Annual Report Interim statement Q1 2015 Annual general meeting on 2015

26 February 2016 early April 2016 17 May 2016 17 May 2016

About Elia: The Elia Group is organized around two electricity transmission system operators (TSOs): Elia Transmission in Belgium and (in cooperation with Industry Funds Management (IFM) 50Hertz Transmission, one of the four German transmission system operators, active in the north and east of Germany. With over 2,000 employees and a grid comprising some 18,300 km of high-voltage lines serving 30 million end consumers, the Elia Group is one of Europe's top five TSOs. It efficiently, reliably and securely transmits electricity from generators to distribution system operators and major industrial consumers, while also importing and exporting electricity from and to neighbouring countries. The Group is a driving force behind the development of the European electricity market and the integration of energy generated from renewable sources. In addition to its TSO activities in Belgium and Germany, the Elia Group offers businesses a range of consultancy and engineering services through its subsidiary Elia Grid International (EGI). The Group operates under the legal entity Elia System Operator, a listed company whose core shareholder is municipal holding company Publi-T.

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