Amendment of the Shadow Allocation Rules 1.4 - Addition of GR-IT

Dear Market Participant,

In preparation for the GR-IT shadow auctions go-live, we would like to inform you that the Annex 1 and Annex 2 of the Shadow Allocation Rules 1.4 have been updated with this new border. You may find the amended document on our website: Support>>Resource Center>>02. Auction Rules.  Please note that the rules for this border are still pending for regulatory approval in Greece and in Italy.

The registration for GR-IT shadow auctions will open next week, more information will follow.

Best regards,

Operations Team

JAO S.A.

2 rue de Bitbourg

L-1273 Luxembourg-Hamm

T. +352 27 62 38 38

Visit us at www.jao.eu

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JAO is celebrating the 5th anniversary of the

merger between CAO GMbH and CASC.EU S.A.

The company has been facilitating the European electricity market

since 2008 and continues to strive for a fairer and stronger market