(1) THE PARTIES AND OTHER PERSONS

1.1 The Claimant: The Claimant, Electrabel S.A., is an energy generation and sales company organised and existing under the laws of the Kingdom of Belgium, with its principal address as 8, Boulevard du Régent, 1000 Brussels, Belgium. (For ease of reference, the Claimant is described below as “the Claimant” or “Electrabel”).

1.2 The Claimant’s Legal Representatives: In these arbitration proceedings, the Claimant was represented by Clifford Chance LLP, of 10 Upper Bank Street, London E14 5JJ, United Kingdom and Faludi Wolf Theiss, of Ügyvédi Iroda, 1054 Budapest, Kálmán Imre u.1., Regus House, Budapest, Hungary – until March 2012. Thereafter, in place of Clifford Chance LLP, the Claimant was represented by Freshfields Bruckhaus Deringer LLP, of 2 rue Paul Cézanne, 75008 Paris, France, under a power of attorney dated 9 March 2012.

1.3 Republic of Hungary: The Respondent is the Republic of Hungary, acting by its Government. (For ease of reference, the Respondent is here referred to as “Hungary” or “the Respondent”).