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SEMESTRIAL REPORT ON THE ECONOMIC AND FINANCIAL ACTIVITY OF SNTGN TRANSGAZ SA at 30.06.2011 (1st SEMESTER 2011)

ANNUAL REPORT ISSUED BY THE DIRECTORS OF SNTGN "TRANSGAZ" SA - 2010 . INDIVIDUAL FINANCIAL STATEMENTS - (AUDITED FINANCIAL STATEMENTS)

  1. APPENDICES TO THE ANNUAL REPORT OF THE DIRECTORS OF SNTGN "TRANSGAZ" SA
  2. YEARLY INDIVIDUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED ON DECEMBER 31st 2010

According to the provisions of the legislation for the capital market, SNTGN Transgaz SA Medias, informs the interested parties the following: In the meeting of the Board of Administration on the 22nd of October 2010 the Quarterly Report for the economic – financial activities on 30.09.2010 was signed: Drawn up according to the provisions of Annex 30B of the Regulation no. 1/2006 of the National Securities Commission regarding the issuers and the securities operations, the Quarterly Report on 30.09.2010 including the financial – economic indicators:

The National Gas Transmission Company TRANSGAZ S.A. informs all those interested that in the meeting held on December 9, 2009, the Romanian Government has approved the Bill regarding the ratification of the Intergovernmental Agreement on the Nabucco Pipeline, concluded in Ankara on July 13, 2009 between Romania, Austria, Bulgaria, Hungary and Turkey and its forwarding for an emergency debate in the Romanian Parliament. Transgaz SA Medias is the company that represents Romania in the Nabucco Project, which, along with the companies OMV (Austria), MOL (Hungary), Bulgargaz (Bulgaria), Botas (Turkey) and RWE (Germany), holds an equal share of 16.67% of the share capital of the company Nabucco Gas Pipeline International, as the others. Nabucco Pipeline will transport the natural gas from the Caspian region and Middle East to Central Europe through five countries: Turkey, Bulgaria, Romania, Hungary and Austria, having a total length of 3300 km.

SEMESTRIAL REPORT ON TRANSGAZ ECONOMIC-FINANCIAL ACTIVITY AS AT 30.06.2009

Under capital market specific laws, i.e.:

  • Art. 113, case D of Regulation no. 1/2006 of the Romanian National Securities Commission on security issuers and operations, amended by Regulation no. 31/2006 of the Romanian National Securities Commission;
  • Art. 96, Section 2 – Periodic data supply – Bucharest Stock Exchange Rulebook;
  • Art. 224 of amended Law no. 297/2004 on capital market.

TRANSGAZ notifies all interested parties of the 1st Quarter Report 2009, consisting of:

  • Statement of the company’s management on the financial statements closed on 30.06.2009;
  • Report on the quarterly report approval;
  • Statement of assets, liabilities and equity as at June 30th, 2009;
  • Profit and loss account as at June 30th, 2009;
  • Informative data as at 30.06.2009;
  • Quarterly report on TRANSGAZ’ economic and financial activity as at 30.06.2009;
  • Note on the individual financial statements for the period ended on 30.06.2009;
  • The financial statements included in the 1st Quarter Report 2009 are non-audited.

SNTGN TRANSGAZ SA MEDIAS notifies all persons concerned that a “Joint Development Agreement” on the interconnection of the high-pressure Hungarian Gas Transmission System with the Romanian Gas Transmission System – by building of a pipeline in the direction Szeged-Arad – was concluded with the Hungarian Company - FGSZ NATURAL GAS TRANSMISSION CLOSED COMPANY LIMITED BY SHARES, on July 1st, 2008. On the Romanian territory, the DN700/PN63 pipeline is of approx. 62 km between the Horia (close to Arad) connection point and the Csanadpalota (Nadlac) Romanian – Hungarian cross-border point. Out of the total 62 km of pipeline, 36.7 km, between Horia and Pecica, have already been built. 
  The maximum transmission capacity of the interconnection pipeline is of 4.4 bcm/year associated to an average hourly flow rate of 500 thousand cm/hour.

SNTGN TRANSGAZ SA MEDIAS notifies all persons concerned that the National Energy Regulatory Authority approved the total regulated revenue related to the period July 1st, 2008 – June 30th, 2009 (the second year of the second regulatory period: July 1st, 2007 – June 30th, 2012) amounting to Lei 1,149,668.58 thousand, by 20.35 %, i.e. Lei 194,387.58 thousand higher as opposed to the period July 1st, 2007 – June 30th, 2008. Thus, as of July 1st, 2008, SNTGN TRANSGAZ SA Medias shall charge new tariffs in consideration for gas transmission service determined by Order no. 72/26.06.2008 of the National Energy Regulatory Authority on the determination of regulated tariffs in consideration for gas transmission servicess performed through the NTS, published in the Romanian official Journal no. 479/June 27th, 2008.