Press releases

2017-03-07 Nuova_Palazzina_870x.1533216684.jpg Shareholders meeting notice We hereby announce that a note of convocation has been published on the Company's website (www.gruppohera.it) for the Ordinary Shareholders Meeting convened at the registered office of Hera S.p.A. - Viale C. Berti Pichat n. 2/4, Bologna - in the "Spazio Hera" area - on 27 April 2017 at 10:00 in a single call to discuss and resolve on the following: Agenda 1. Financial statements for the year ended 31 December 2016, management report, profit allotment proposal and Board of Statutory Auditors and Independent Auditors report: related and consequent resolutions. Presentation of the consolidated financial statements as at 31 December 2016. 2. Presentation of the corporate governance report and non-binding resolutions pertaining to remuneration policies. 3. Renewal of authorisation to purchase treasury shares and procedures for arrangement of the same: related and consequent resolutions. 4. Appointment of the members of the Board of Directors: related and consequent resolutions. 5. Quantification of compensation for members of the Board of Directors: related and consequent resolutions. 6. Appointment of the members and the Chairman of the Board of Statutory Auditors: related and consequent resolutions. 7. Quantification of compensation for members of the Board of Statutory Auditors: related and consequent resolutions. The full text of the proposed resolutions, together with the related reports and the documents which will be put to the meeting, are available to the public at the Company's registered offices and on its website (www.gruppohera.it), as well as on the authorized storage website 1Info (www.1Info.it) under the legal terms foreseen for each of the subjects treated. Right to attend and participation by proxy All those entitled to vote at the end of the accounting day of 18 April 2017 (record date), and those from whom the Company has received the appropriate notification via an authorised intermediary, are eligible to attend the Shareholders Meeting. Each person entitled to take part may request a representative to attend the Shareholders' Meeting, in accordance with the law, having the right to use the proxy form available on the Company's website for this purpose. The Company has appointed Computershare S.p.A. as a representative whom shareholders with voting rights can nominate as a proxy with instructions for voting via the dedicated proxy form available on the Company's website. Other Shareholders' rights The notice with which the Meeting has been convened is available on the Company's website (www.gruppohera.it) and contains all information and detailed instructions as to the rights Shareholders may exercise (present questions, make requests for integrations of the agenda, file lists for the appointment of members of the Board of Directors and the Board of Statutory Auditors). Avviso_di_convocazione_Assemblea_27_aprile_2017_eng.1488879256.pdf 2016-04-05 10:21:00 Shareholders meeting notice

2017-03-07 Nuova_Palazzina_1_870x.1533216772.jpg Release of documents related to Gruppo Hera AGM to be held on April 2017 Gruppo Hera informs that AGM documents are now available: On Hera headquarter in Bologna On the authorized depository system 1INFO (www.1Info.it) On the dedicated pages of the company website http://eng.gruppohera.it/group/corporate_governance/shareholders_meetings/ COMUNICATO_PER_PUBBLICAZIONE_DOC_ASS_7_ENG.1488880487.pdf 2015-11-12 11:02:00 Release of documents related to Gruppo Hera AGM to be held on April 2017

2017-03-06 870_Aliplast.1501171634.jpg Thanks to this operation, whose enterprise value amounts to roughly € 100 million, the Hera Group confirms its position among Italy's leaders in recycling and developing a circular economy. http://ha.gruppohera.it/ Herambiente Authorisation has been granted by the Italian antitrust authority (Autorità Garante della Concorrenza e del Mercato, AGCM) for the acquisition carried out by Herambiente, a company of the Hera Group and a nationwide leader in waste treatment and recovery, of the Treviso company Aliplast, an outstanding operator in the sector of plastic waste collection and recycling with subsequent regeneration. The implementation of the agreement, signed last 11 January by Herambiente and Aligroup S.r.l., was in fact subject to conditions that are the norm for similar operations, among which gaining authorisation for the acquisition from antitrust authorities. As foreseen by the agreement, Herambiente and Aliplast will therefore undertake all that is required to purchase 40% of Aliplast's shares in the upcoming weeks. A further 40% will be acquired within March 2018 and the remaining 20% within June 2022. The operation's enterprise value, it should be recalled, amounts to roughly € 100 million and implies an EV/EBITDA multiple of approximately 6.5, non-dilutive for Hera shareholders. This important operation, complementary to those finalised in late 2015 involving Waste Recycling (Castelfranco di Sotto, Pisa) and the environmental assets of Geo Nova (Treviso) as well as the more recent acquisition of the Teseco plants (Pisa), is part of a move to enlarge the geographical area in which the Hera Group operates, initiated some years ago and in line with the Group's strategies of territorial expansion and integration. Falling under the objective of developing a green model, towards which the Hera Group has actively contributed over its entire history, the acquisition of Aliplast furthermore consolidates Herambiente's market presence with a distinctive and unique element, in line with the principles of a circular economy in which waste is transformed into resources. Herambiente is among the first companies in the waste sector to have decided to take on the challenges raised by changes currently taking place in the world of industry. It is thus able to place activities such as waste recovery, treatment and disposal alongside others that call for the utmost efficiency in resource management. It is also able to offer strategic advice concerning resource lifecycle productivity in order to accelerate and facilitate the achievement of 2030 sustainability goals. These are, incidentally, objectives that Herambiente has already achieved in the areas it serves in managing urban waste, of which only 8.5% was disposed of in landfills in 2015. Established in 1982 by Roberto Alibardi and operating out of Ospedaletto di Istrana (Treviso), Aliplast is a national centre of excellence in plastic industrial waste collection and recycling and regenerated polymer production, with over 80,000 tonnes of plastic materials recycled every year. It was the first enterprise in Italy to fully integrate the entire lifecycle of plastic, from environmental services in managing and collecting industrial packaging and residues to production and market sales of manufactured goods and packaging materials, produced with plastic recycled by the company itself. Over three hundred employees work for Aliplast, distributed among its five plants located in Italy and three found abroad (Spain, France and Poland). Its main clients include the most important Italian brands involved in food & beverages, home furnishings and ceramics. CS_20170306_da_Antitrust_ad_acquisizione_Aliplast_eng.1488967654.pdf 2017-03-06 18:21:00 Hera Group: control of Aliplast reaches 80%

2017-01-30 Thanks to the purchase made by Group subsidiary Waste Recycling of the plant sector of the Pisa company Teseco, a primary figure in industrial waste treatment and recovery, Herambiente, a national leader in this sector, will further expand its commercial offer and enlarge its already significant range of plants. Waste Recycling, a Tuscan company belonging to the Hera Group and 100% controlled by Herambiente, has purchased the plant sector of Teseco. The company is based in Pisa, and is a leading actor in industrial waste treatment and recovery with over 30 years of experience in the sector of special waste and innovative plants (spread out over an overall area of 126,000 m2, over 30,000 of which are covered). The purchase was conducted by Group subsidiary Waste Recycling, given that the latter has been managing for over 25 years, and with similar efficiency, complementary types of treatment in its production plants in Santa Croce sull'Arno and Castelfranco di Sotto, in the province of Pisa. This operation allows, on the one hand, a considerable segment of production in the Pisa area to be conserved and maintained active, and on the other enlarges both Herambiente's overall set of plants and the services it offers to its clients, reinforcing its leadership in waste treatment and recovery. It is furthermore part of a larger goal, which consists in broadening the Hera Group's operational area, initiated years ago and in line with the Group's strategy of geographical expansion and integration. By way of its authorisations, the quantity of waste it is able to manage, and the treatments plants at its disposal, Waste Recycling, with this operation, confirms its status as one of the nation's most important actors in the sector of industrial waste, enriching and rounding off the numerous services it offers to middle and large companies. At the same time, Herambiente will further increase its own client portfolio, through this preference given to commercial reinforcement in a region in which it is already active. Teseco press_release_teseco.1485943467.pdf 2017-01-31 19:22:00 Hera Comm si aggiudica la gara per l'approvvigionamento elettrico in regime di salvaguardia in 11 regioni

2017-01-27 sede_HERA.1501171881.jpg Calendar of events CALENDAR OF CORPORATE EVENTS (*) We hereby communicate, in accordance with art. 2.6.2. (Required reporting) of the "Rules of the markets organized and managed by Borsa Italiana S.p.A.", our annual calendar of corporate events: 21 March 2017 - Meeting of the Board of Directors to approve the financial statement draft for the previous fiscal year. 27 April 2017 - General Shareholders' Meeting to approve the financial statements for the previous fiscal year. 10 May 2017 - Meeting of the Board of Directors to approve the financial report for the quarter ending 31 March 2017. 26 July 2017 - Meeting of the Board of Directors to approve the financial report for the six months ending 30 June 2017. 8 November 2017 - Meeting of the Board of Directors to approve the financial report for the nine months ending 30 September 2017. The Board of Directors, in order to guarantee that information is regularly made available to the financial market and to investors, has decided, as in the past, to continue its voluntarily preparation and publication, in compliance with current regulations, of quarterly financial information. This information will include the following topics: summary of Group management and operational-financial performance; commentary and analysis by sector of operations; financial statements: income statement, balance sheet, cash flow statement, statement of changes in equity; accounting principles: priorly implemented accounting principles are expected to be applied without change, as described and reported in the financial statements as at 31 December of the year previous to the one to which the explanatory notes refer. IAS 34 is not expected to be applied; concise explanatory notes illustrating the financial statements, statement of compliance with IFRS principles and lack of changes with respect to the previous period, illustration of the consolidated area and related changes, list of consolidated companies. Also note that: additional financial information will periodically be made available in press releases provided at the end of the meetings in which the Board of Directors approves the aforementioned data, and the documents in question will be published on the company's website. At present, furthermore, no noteworthy changes are foreseen regarding the content of such information with respect to that published in previous financial years; the Board of Directors will meet to approve additional periodical financial information within 45 days of the closure of the first and third quarters of each year, in compliance with that which is stated in the calendar of corporate events. (*) barring changes press_release.1485425275.pdf 2017-01-26 15:38:00 Calendar of events

2017-01-11 870_Aliplast.1484218019.jpg The company based in Ospedaletto di Istrana (Treviso), a national centre of excellence in plastic recycling, joins the Hera Group, which thus confirms its position as one of the main players in Italy in recycling and the development of the circular economy. The company based in Ospedaletto di Istrana (Treviso), a national centre of excellence in plastic recycling, joins the Hera Group, which thus confirms its position as one of the main players in Italy in recycling and the development of the circular economy. Herambiente, a Hera Group company and national leader in waste treatment and recovery, signed a binding agreement with Aligroup S.r.l. for the acquisition of the Aliplast Group, a national leader in the segment of plastic waste collection, recycling and regeneration, with an integrated process that transforms waste into products available for reuse. This transaction regards the acquisition of Aliplast shares through a process entailing the acquisition of 40% in the course of the current year, an additional 40% by the end of March 2018 and the remaining 20% by the end of June 2022. The transaction's enterprise value amounts to roughly Euro 100 million and implies an EV/Ebitda multiple of around 6.5x, with no dilutive effects for Hera shareholders. The price also includes an additional component in favour of Aligroup S.r.l. in the form of an earn-out when specific incremental Ebitda level results are achieved. The performance of the agreement is subject to the conditions typically applied in analogous transactions and in particular obtaining the authorisation or consent to the acquisition from the Italian Antitrust Authority. The Aliplast Group, which processes more than 80,000 tonnes of plastic materials every year, is expected to achieve turnover exceeding Euro 100 million and EBITDA of more than Euro 15 million in 2016. This important transaction represents a further step in the process initiated some time ago for the transition from disposal towards recycling and recovery, with a view to optimising resource usage. It is part of the ongoing process of expanding the corporate scope launched by the Hera Group several years ago and is in line with the geographical expansion and integration strategy. With this transaction, which is complementary to those completed in 2015 regarding Waste Recycling (Tuscany) and the environmental assets of Geo Nova (Treviso), Herambiente is further expanding its portfolio of industrial customers. At the same time, it has enriched its commercial offering with a unique, distinctive element capable of accelerating and facilitating the achievement of the 2020 sustainability objectives. Therefore, Herambiente has established itself as a reliable partner with expertise in the management of all industrial waste, capable of proposing efficient solutions with a complete set of services and processes aimed at creating value. Founded by Roberto Alibardi in 1982, Aliplast is a national centre of excellence, and today is the leader in the collection and recycling of plastic industrial waste and the production of regenerated polymers. It was the first company in Italy to achieve full integration throughout the entire plastic life cycle: from waste management services and the collection of industrial scrap to the production and sale in the market of goods and packaging materials manufactured from plastic recycled in house. It has more than 300 employees working in five plants in Italy and three abroad (Spain, France and Poland). Its head office is located in Ospedaletto di Istrana (Treviso). Its main customers include the largest Italian food & beverage, home furnishings and ceramics brands. For this transaction, the Hera Group engaged Studio Grimaldi for legal aspects and Lazard for financial aspects, while the Aligroup Group received support from Special Affairs, through partner Domenico Greco, acting as business and financial advisor for the transaction, and Allen&Overy for legal matters. "Aside from further strengthening the Group's scope, this transaction joins the many other initiatives that Hera is implementing to promote the circular economy", noted Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group. "We have already reached some of the important strategic objectives for 2025 and 2030 established by the European Union and, as we intend to continue on this path, we believe it is important to integrate businesses capable of achieving levels of efficiency and excellence that can meet the challenges that lie ahead of us. Aliplast meets these requirements perfectly, and we are certain that it will be able to make its own original contribution, also and especially in terms of the drive towards innovation". "Aliplast has developed over the years thanks to the quality and competitiveness of its products, and I believe that its integration with a waste management services leader such as the Hera Group can provide additional benefits for our customers as well", explained Roberto Alibardi, Director and principal shareholder of Aliplast. "We have shared the Business Plan with the new shareholder and we have the same outlook regarding strategic development policies, so it was natural for us to remain in the company as a manager in the coming years". Herambiente acquires Aliplast Herambiente acquires Aliplast 01_20170111_ENG_comunicato_acquisizione_Aliplast_final.1484306851.pdf 2017-01-13 14:08:28

2017-01-11 870_Aliplast.1501171634.jpg The Ospedaletto di Istrana (Treviso) company, a national leader in plastic recycling, becomes part of the Hera Group, which thus confirms itself as one of Italy's foremost protagonists in recycling and in the development of a circular economy. Herambiente purchases Aliplast http://ha.gruppohera.it/ Herambiente Herambiente, a Hera Group company and national leader in waste treatment and recovery, has signed a binding agreement with Aligroup S.r.l. to purchase the Aliplast Group, a widely recognised protagonist in Italy in the sector of collecting and recycling plastic waste, whose subsequent regeneration is part of an integrated process that transforms waste into products available for reuse. The operation regards the acquisition of Aliplast shares, following a path that calls for 40% to be purchased within the current fiscal year, a further 40% within March 2018 and the remaining 20% within June 2022. The operation's enterprise value amounts to roughly € 100 million and implies an EV/EBITDA multiple of approximately 6.5, with no dilution for Hera shareholders. The price furthermore provides for an additional component going to Aligroup S.r.l., defined as an earn-out provided upon reaching specific incremental results in EBITDA. The agreement's implementation is subject to the usual conditions for similar operations, in particular theItalian Antitrust Authority's authorisation or non-prohibition of the purchase. For the Aliplast Group, which processes over 80,000 tonnes of plastic material per year, a turnover of over € 100 million and an EBITDA of over € 15 million are expected for 2016. This important operation further accentuates the shift, which has been underway for some time, from disposal to recycling and recovery, with a view to optimising resource usage. It is part of the Hera Group's ongoing efforts to broaden the boundaries within which it operates, a goal which has been pursued for years and is in line with its strategy of geographical expansion and integration. With this operation, complementary to the ones involving Waste Recycling (Tuscany) and the environmental assets of Geo Nova (Treviso) carried out in late 2015, Herambiente will further expand its industrial client portfolio. At the same time, it will enrich its own commercial offer with a distinctive, even unique factor which is able to accelerate and facilitate the achievement of sustainability goals in 2020. Herambiente has thus established itself as a trustworthy partner, provided with expertise in managing all forms of industrial waste and able to offer efficient solutions with a complete set of services and processes aimed at creating value. Established in 1982 by Roberto Alibardi, Aliplast is a national centre of excellence, a market leader in collecting plastic industrial waste and recycling and producing regenerated polymers. It was the first enterprise in Italy to fully integrate the entire life cycle of plastic, from environmental services in managing and collecting industrial residues to production and market sales of manufactured goods and packaging materials, produced with plastic recycled by the company itself. Over 300 employees work in five plants in Italy and three abroad (Spain, France and Poland). The company headquarters is located in Ospedaletto di Istrana (Treviso). Its main clients include the most important Italian brands dealing with food & beverages, home furnishings and ceramics. For this operation, the Hera Group turned to the legal services of Studio Grimaldi and the financial services of Lazard, while the Aligroup Group was supported bySpecial Affairs, through its partner Domenico Greco, acting as industrial and financial advisor for the operation, andAllen&Overy for the operation's legal aspects. "In addition to further consolidating the Group's perimeter, this operation finds its place alongside the many initiatives implemented by Hera in promoting a circular economy", states Tomaso Tommasi di Vignano, Chairman of the Hera Group. "We have already reached some of the significant strategic objectives set by the European Union for 2025-2030, and our desire to continue along this path leads us to believe in the importance of integrating enterprises that have achieved levels of efficiency and excellence that enable us to meet the challenges that await us. Aliplast perfectly fulfils these requisites and we are certain that it will be able to offer an original contribution of its own, oriented above all towards innovation." "Aliplast has developed over the years thanks to the quality and competitiveness of its products, and I believe that becoming part of a leading protagonist in environmental services such as the Hera Group will bring further benefits to our clients as well", explains Roberto Alibardi, Administrator and principal shareholder of Aliplast. "We have now shared a Business plan with our new associate, and our respective outlooks on strategic development are perfectly in line with one another, making it only natural for us to remain within the enterprise, acting as manager in the upcoming years." press_release.1484130340.pdf 2016-04-05 14:08:00 Herambiente purchases Aliplast