Legal structure

Elia joins Belgian Alliance for Climate Action

Elia has joined the newly established Belgian Alliance for Climate Action (BACA), which wants to see a greater focus on decarbonisation. By joining the alliance, Elia is demonstrating its commitment to meeting the Paris climate targets and inspiring other companies to do the same. BACA is a coalition of 51 Belgian organisations and was founded by The Shift and WWF.

Elia named Top Employer again

Elia was named one of the best employers in Belgium for the third year in a row. The Top Employer label is awarded to companies committed to providing an excellent working environment for their employees. Seventy-two Belgian companies received the distinction this year. Over the past year, Elia has focused strongly on improving the digitalisation of the HR management process and developing its corporate culture. As well as being wonderful recognition for all its hard work, the accolade will also make the company more attractive to new talent.

Notger Prize for Elia Group CEO Chris Peeters

Elia Group CEO Chris Peeters received the Notger Prize, which is awarded by the German-Belgian Association to a personality, association or institution that contributes to good relations and trade contacts between Belgium and Germany. Our CEO received the award in recognition of the implementation of ALEGrO, the first interconnector between Belgium and Germany, and the good cooperative relationship with our German colleagues at 50 Hertz.

Elia Transmission Belgium is the main shareholder of : — Elia Asset is the company that owns all the installations on the high-voltage grid and is responsible for the further development and maintenance of this grid. Elia Asset and Elia Transmission Belgium form a single economic entity and operate under the name Elia;

The company in which Elia Transmission Belgium SA has a holding is the following: — Nemo Link Limited. On 27 February 2015, Elia System Operator entered into a joint venture agreement with National Grid to build the Nemo Link Interconnector; each shareholder owns 50% of Nemo Link Limited, a UK-

based company;

The minority holdings are: — JAO (Joint Allocation Office): is responsible for daily, monthly and annual auctions of border capacity at 27 borders in Europe. JAO was founded in 2015 through the merger of CAO Central Allocation Office GmbH and CASC.EU S.A.;

— Coreso: a coordination centre that enhances the security of transmission networks in selected European regions by developing predictive analyses of electricity flows in the networks and by monitoring transmission networks continuously in real time ; — HGRT a holding company of several European transmission system operators which holds a stake in the French energy exchange Powernext; — Enervalis, a start-up that develops innovative software solutions to optimise energy consumption in a context of increased flexibility between injections and withdrawals from the grid; — Elia Engineering, consultancy and engineering office active in the field of design and management of infrastructure projects related to the high-voltage and extra-high-voltage electricity network. It works almost exclusively for Elia Asset;

— Elia Re, a Luxembourg-based reinsurance company, established to optimise insurance policy

Due to this restructuring of the group, a comparison in the 2020 income statement to 2019 is not a relevant analysis.