Press releases

2023-02-08 Based on positive preliminary results for 2022, the new five-year Plan builds on the solid foundations of the previous one and is enriched with important projects aimed at promoting the circular economy, the energy transition and network resilience, with more than 4.1 billion in investments furthering the creation of value benefitting all stakeholders. Dividends are also expected to increase, and financial solidity is confirmed. Operating and financial highlights 2026 Ebitda: approximately 1.5 billion (+246 million compared to 2021) Total investments amount to over 4.1 billion (+53% compared to the last 5 years) Net debt/Ebitda at 2.8x in 2026 Dividends further increase to 15 cents per share in 2026 (+25% compared to last dividend paid) More than 130 million in NRRP (National Recovery and Resilience Plan) grants obtained to accelerate the Group’s investments in the areas served Industrial highlights Development driven by both internal and external (M&A) growth and balanced between regulated and free market activities Target of 4 million energy customers by 2026 2026 Shared-value Ebitda: 62% of total Ebitda, or roughly 910 million, in line with 2030 target of 70% Key goals for 2030 include a 150% increase in recycled plastics and a 37% reduction in emissions Solid point of reference to help local areas move towards the ecological and digital transition and social cohesion Today, the Hera Group’s Board of Directors, chaired by Tomaso Tommasi di Vignano, approved the Business Plan to 2026, which confirms the Group’s commitment to maintain a significant volume of investments over the next five years. Accelerating the evolution of all business areas in which it operates and the strategic guidelines defined one year ago, the Plan is in line with EU policies and responds to the particularly challenging external context, with the aim of continuing to create value for all stakeholders and confirming itself as a solid reference point for the areas served. Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group: “The growth seen in the preliminary figures for the year just ended confirms the resilience of our business. We will thus continue to pursue our development strategy, relying on our distinctive know-how in the areas of circularity, efficiency and the energy transition, to meet the rapidly growing demand coming from customers who are increasingly sensitive to energy saving and environmental sustainability. In the new Plan, focused on creating value for all stakeholders, we expect to make significant investments and increase all previous commitments, including those related to the dividend payment policy.” Orazio Iacono, CEO of the Hera Group: “Our development strategy, as defined by the Plan, relies on a solid foundation and is focused on achieving higher levels of efficiency, reinforcing all services offered and increasing the resilience and digitalisation of our infrastructures, thus supporting the areas served in moving towards the ecological transition, with the help of NRRP funding. Having already optimised emissions in our production processes many years ago, our focus will increasingly go to supporting families, businesses and all our stakeholders in this transition. As confirmation of our solidity, furthermore, the growth foreseen over the period covered by the Plan will be flanked by a conservative financial leverage, which will allow us to grasp further opportunities.” Over 20 years at the side of the areas served, with preliminary Ebitda for 2022 rising to almost 1.3 billion Last November, the Hera Group celebrated its 20th anniversary: since its establishment, the Group has achieved an uninterrupted path of growth which, relying on a multi-business industrial model and balance between internal growth and M&As (more than 40 since 2002), has made it one of the most important Italian multi-utilities, holding a position of consolidated leadership in the sectors in which it operates. As confirmation of the achievements made over the twenty years since its establishment, the Hera Group expects to close the 2022 financial year with growth in results exceeding expectations: preliminary Ebitda stands at approximately 1,285 million euro, roughly 60 million euro higher than 2021 Ebitda, while the Net debt/Ebitda ratio is expected to come to approximately 3.3x, improving compared to previous quarters, which is all the more appreciable considering the extraordinary market situation, the increase in the cost of energy commodities and the higher investments sustained in 2022, totalling roughly 780 million. These preliminary figures thus indicate the resilience of industrial margins and the validity of the Group’s multi-business model, which capitalises on the experience gained over the years, preserving its assets and accelerating the sustainable growth of the company and the communities it serves. An effective strategy to respond to the challenging context In a challenging external context – marked by high uncertainty caused by geopolitical instability, market volatility, rising inflation, higher energy prices and supply chain problems – the Group has turned challenges into opportunities and drawn up a Plan that follows up on the path previously undertaken. Its concrete projects are consistent with the main national and international policies on the energy transition, circular economy and innovation. Within this framework, cities will play a key role in mitigating climate change: Bologna and Padua are among the 100 selected by the EU Commission to become “smart zero-impact cities” by 2030, and the Hera Group has already launched investments and key projects to support municipalities in achieving carbon neutrality. Investments amounting to over 4.1 billion euro, supported by NRRP contributions The Plan to 2026 foresees total investments coming to over 4.1 billion euro, with an average of roughly 825 million euro per year, an increase over the previous Plan. Of these investments, 60% will go to regulated businesses and the remaining 40% to free market businesses. These figures include concrete initiatives in the areas served, to which more than 130 million euros in NRRP funding have already been allocated. Additional funds have been earmarked for urban waste collection and street sweeping projects, for which a decision is expected in the coming months. Of the investments planned between 2022 and 2026, 70% will go towards the targets set by the UN’s 2030 Global Agenda, and regarding the European Taxonomy, all, or virtually all, of the capital allocated to eligible assets (approximately 98%) is in line with the technical criteria defined by the European Regulation. Furthermore, 40% of investments will be reserved for interventions aimed at enhancing the safety and resilience of the assets under our management, and more than 30% will go towards promoting digitisation and innovation. The positive cash flow over the period covered by the Plan will finance the upcoming investments, progressively bringing leverage back to below 3x, with the goal of reaching 2.8x by 2026. The Group’s main projects to contribute to current transitions The strategy to 2026 has been designed to respond to the sector’s most significant challenges, with outstanding projects in all geographical areas in which the Group operates. This Plan also confirms the Group’s commitment to the energy transition and the contribution it will make, for example with initiatives aimed at developing renewable sources of electricity and gas. This will include the installation of photovoltaic plants on sites owned by Hera and by household and industrial customers, and the production of biomethane and hydrogen, to be fed into the distribution network or for local consumption (“Hydrogen Valleys”), thanks to technologies that have already been tested (biomethane from organic sources) or are unique nationwide (a power-to-gas plant combined with the integrated water cycle). Energy efficiency initiatives will also contribute to the ecological transition, from those reserved for industrial customers, condominiums, and public administrations to various solutions that will allow our Group to reduce energy consumption by 10% compared to 2013. Likewise, the new Business Plan will intensify the evolution shown by the Group and our customers towards a circular economy model. On the one hand, this involves innovative plants for recycling rigid plastics or carbon fibres, which will lead to a twofold increase in volumes of recycled plastics compared to 2017. On the other, the commercial and plant solutions offered by Herambiente Servizi Industriali to its customers and the smart equipment reserved for household customers in which to deposit their waste, will be aimed at a 73% packaging recycling rate as early as 2026 and 77% sorted waste collection, with the introduction of smart collection systems and new technological devices measuring waste deposited by the unit. Lastly, the Hera Group’s strategy will be developed thanks to a solid contribution coming from innovation, an enabling element for the ecological transition broadly speaking. Our infrastructures (networks and plants) will make the most of opportunities coming from remote management, remote control and automation, to provide the area served with greater resilience to increasingly frequent climate phenomena, with the possibility of accurate and immediate interventions, and therefore risk mitigation for the services provided. Ebitda at roughly 1.5 billion euro in 2026, thanks to internal and external growth As regards the main economic aspects of the Business Plan to 2026, Ebitda totalling 1,470 million euro is expected, up 246 million compared to 2021, with average annual growth coming to roughly 50 million and balance between internal growth and M&A. This is a particularly considerable goal, given that strong negative impacts will also be absorbed, for example due to revised tariffs related to WACC for regulated businesses (electricity distribution, gas and the water cycle), the gradual expiry of incentives related to energy production from waste-to-energy plants and the end of certain incentives for works in condominiums (insulation bonus and 110% super eco bonus). With a positive contribution expected from all business segments, internal growth will account for 146 million of the overall increase in Ebitda, driven mainly by the margins associated with new projects, the industrial and commercial developments foreseen by the Plan and efficiencies and synergies in the current scope of operations. A further contribution amounting to 100 million will come from M&As, of which about 24 million from recently concluded acquisitions involving two companies in the waste management sector, Macero Maceratese in the Marche region and ACR in Modena – leading to a strengthened leadership in the industrial waste sector, reclamation and global service activities in particular – and one currently being finalised in the North East in the telecommunications sector, involving Asco TLC, in a partnership with Ascopiave. Additionally, further acquisitions of companies operating in the waste management and energy businesses will lead to an expansion of the Group’s range of services or the extraction of synergies. Focus on our stakeholders: shared-value Ebitda at 62% by 2026, dividends up 25% Sustainability remains one of the cornerstones of the Group’s growth strategy, perfectly integrated and covering all areas in which it operates, with an increasing focus on creating value for all stakeholders. Shared-value Ebitda itself, reported since 2016, has increased steadily over the years and is expected to account for 62% of the Group’s total Ebitda in 2026, amounting to roughly 910 million and rising to 70% in 2030, following a path that generates concrete benefits for the areas served and local communities, at the same rate as the company’s own development. Confirming its constant focus on creating value for shareholders, the Group also plans to pay continuously increasing dividends. With the approval of the 2022 financial statements, it will in fact propose to the Board of Directors a 12.5 cents per share dividend, up from 12 cents in 2021. A progressive increase in dividends is also expected over the period covered by the Plan, reaching 15 cents per share in 2026, up 25% from the last dividend paid. Earnings per share are expected to rise by more than 3% on average per year. Leader in waste management, with over 100 state-of-the-art plants and innovative projects to meet carbon neutrality and circular economy targets Ebitda for the waste management business is expected to rise by 149 million, with the total figure increasing from 292 million in 2021 to 441 million in 2026, driven by both internal and external growth. Over the period covered by the Plan, the Group aims to further strengthen its national leadership in the waste management area and, supporting this growth, it foresees roughly 1.2 billion in investments, three quarters of which in waste treatment and recovery, aimed at augmenting the Groups’ set of plants. With over 100 state-of-the-art plants, the Group is able to treat all types of waste (municipal, industrial and plant by-products), with a total of approximately 8.7 tonnes expected by 2026. To support the growth in volumes treated, in addition to expanding the set of plants, a greater commitment to waste intermediation has been planned, by establishing an international network of partnerships with European players. The distinctive objectives of the Group’s strategy also include renewable gas production. Based on the excellent results achieved by the Sant’Agata Bolognese (Bologna) plant, which produces biomethane from the organic fraction of waste, the Plan calls for a further increase in the quantities produced, reaching 12 million cubic metres per year in 2026, partially thanks to the contribution coming from the partnership with the Cremonini Group company Inalca. In early 2023, work on a plant equipped with the most advanced anaerobic digestion and upgrading technologies indeed began in Spilamberto (Modena). When fully operational, this plant will produce 3.7 million cubic metres of biomethane per year and approximately 18,000 tonnes of compost from the sorted collection of organic waste and agri-food waste. The Group subsidiary Aliplast, a leader in plastics recycling, also plans new industrial development projects with investments reaching over 80 million euro. This will expand plant capacity in the segments already covered, such as the production of recycled PET for food use and recycled polymers for cosmetics and food, and in innovative niche segments. In particular, two new platforms will be built that are absolutely at the forefront at a European level, both from a technological point of view and for the strategic importance of the materials involved, so much so that they have also received NRRP funding for their innovative features: the Imola (Bologna) plant for carbon fiber regeneration and the plant for rigid plastic recovery that will be located in Modena. These plants will make it possible for sectors such as the automotive, nautical, aerospace and consumer electronics industries, which until now have mainly used virgin materials, to become increasingly sustainable. Alongside plant construction, commercial development will concern the context of waste management, driven by larger national and international customers who increasingly demand advanced solutions in terms of circularity and waste recovery, and who find an ideal partner in Herambiente Servizi Industriali. A target of 4 million energy customers by 2026, to be enabled and supported in the energy transition Over the period covered by the Plan, Ebitda for the energy area is expected to increase by 16 million, from 423 million to 439 million in 2026, more than offsetting the discontinuities of the period, thanks to a progressive increase in the customer base and higher demand for value-added services (VAS). To support this growth, 650 million in investments have therefore been allocated for the five-year period 2022-2026. In addition to a 16% increase compared to 2021 in the customer base, which will reach 4 million in 2026 – well balanced between electricity and gas – and thus consolidate the Group’s position as third in the energy sector, over the period covered by the Plan the Group intends to further support its customers in moving towards the energy transition and electrification of consumption, with enhanced and enriched VAS offers, new products and increasingly advanced solutions. The more innovative VAS proposals include offers that allow customers to monitor and reduce losses, thanks to tools that increase energy efficiency in homes, self-production and sustainable mobility, with the goal of reaching 2,300 photovoltaic systems sold to household customers over the period covered by the Plan. At the same time, the Group’s efforts in the field of renewable energy will also be reinforced with several projects that will bring the installed photovoltaic capacity owned by the Group to over 90 MW by 2026. Including installations on sites owned by customers, from traditional photovoltaic panel systems to the new distributed power generation models, with the establishment of Energy Communities, the installed capacity by 2026 will come to 150 MW. Innovation will also be a key lever in evolving the relationship between seller and customer towards new standards of quality and satisfaction, increasing customer loyalty through individualised offers that will make the most of data collected by second-generation meters, and through the introduction of artificial intelligence solutions to support the various business applications used in customer relations. Increasingly resilient networks, ready for the energy transition Ebitda for the network sector is expected to grow by 74 million, from the current 472 million to 546 million in 2026, after taking Arera’s recent tariff revision into account. Development in this area will be sustained by internal growth, in turn driven by the significant investment plan foreseen for the five-year period in question, amounting to roughly 2.2 billion. Approximately half of these resources will be allocated to the integrated water cycle, while another large portion, coming to 42%, will be invested in gas and electricity distribution. Network infrastructures will boast increasing resilience to external effects (climatic and otherwise), thanks to numerous digitisation and automation projects, which will make interventions on the systems managed more rapid. The use of predictive maintenance and functional modelling tools will also make it possible to better classify, plan and establish the parameters of each required intervention on the range of networks managed, benefiting the end customer in terms of both efficiency and service quality. Another boost to innovation in the sector will come from installing roughly 410,000 second-generation (2G) electricity meters, which will allow for more precise measurement of consumption, about 300,000 NexMeter gas smart meters, patented by the Group, having with advanced safety functions in the event of leaks or earthquakes and also useable for blends with ‘green gas’, and approximately 100,000 residential smart meters for the water cycle. The network sector will also contribute to the energy transition, by both adapting and making a positive contribution. On the one hand, the Group will intensify projects aimed at experimenting with the production of hydrogen and renewable gas, such as the power-to-gas plant in Bologna, one of the first of its type to be built internationally, which will come into operation within 2025 inside the largest purification plant by catchment area among those managed by the Group. On the other, tests for hydrogen injection into the gas distribution network will continue in order to prepare this infrastructure to accommodate new renewable forms of energy, on which European energy strategies are also based. Once again with a view to decarbonisation, the Group will invest roughly 160 million in district heating, with projects aimed at developing and optimising existing systems and maximising the use of heat from renewable sources. The projects in Bologna, Ferrara and Forlì, which were recently awarded NRRP funding, are a concrete example of the path that will be pursued and, alone, will reduce emissions by almost 29,000 tonnes of carbon dioxide and will reduce fossil fuel consumption by 12,500 tonnes of oil equivalent per year. In addition, various circular economy initiatives have been planned for saving, reusing and recovering water, at both customer locations and the Group’s worksites and offices, which include optimising sewage sludge management and recycling materials coming from water cycle waste with dedicated plant facilities and innovative tools. Projects aimed at safeguarding water resources, with a focus on reducing losses, controlling energy consumption and safeguarding sources, have been developed in the North-East by Group subsidiary AcegasApsAmga, partially financed by the NRRP and presented alongside other operators. Some examples include the “Smart Water Management FVG”, which aims to reduce network losses in Friuli-Venezia Giulia by 13% through asset digitisation projects, and the “Sustainable water management” project, intended to reduce losses in the aqueduct systems in the provinces of Padua and Vicenza. Lastly, in Padua, seven new biodryers will be installed in purification plants, with benefits including a significant reduction in the volume of sludge to be sent for recovery and a lower use of energy, while in Udine an innovative plant will be built to treat the sludge coming from all the purifiers in Friuli-Venezia Giulia and eastern Veneto. The Plan to 2026 confirms the path towards the main industrial objectives for 2030 as previously defined The many projects set out in the Business Plan to 2026, discussed here simply as examples, will make it possible to define a path consistent with all the ecological transition targets to be reached by 2030 that the Hera Group established some years ago. As regards the Group’s commitment to reducing carbon dioxide emissions, the range of initiatives make it possible to confirm the ambitious 37% reduction target to 2030, already approved by the prestigious international network Science Based Target initiative (SBTi). Furthermore, in order to make a tangible contribution to the energy transition, in energy sales the Group has set itself the goal of increasing the portion of renewable electricity out of total sales to 50% within 2030, and furthermore plans to reduce internal energy consumption by 10% within 2030 (compared to 2013 consumption). Concerning the circular economy, the 2030 objectives to increase recycled plastics (+150% compared to 2017), recycle packaging (up to 80%), reuse wastewater (up to 18% by 2030) and reduce internal water consumption (-25% by 2030, compared to 2017 consumption) can all be confirmed. PR HERA Business Plan to 2026 .pdf 15:00:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-02-07 This year, once again, Hera has received the Gold Class from the rating agency responsible for the Sustainability Awards. This important recognition highlights the Group’s ability to safeguard resources and create value for its stakeholders. With the publication of the 2023 Sustainability Yearbook – the report containing the analyses carried out to gain access the Dow Jones Sustainability Index (DJSI) – the Hera Group has been awarded S&P Global’s Gold Class for the third consecutive year. This is the highest recognition for companies listed in the Dow Jones Sustainability Index, in which the Group confirmed its position as sector leader for the 3rd year in a row. In the most recent edition of the authoritative DJSI international stock market index, which evaluates listed companies on the basis of ESG factors, Hera ranked first internationally in its sector (Multi-utility & Water), with a score of 90/100 compared to a sector average of 34/100, calculated based on the three areas analysed: Environment, Social and Governance. A focus on sustainable development and creating value for the areas and communities served is a commitment and a responsibility that the Hera Group has taken on since it was established in 2002, with the aim of guaranteeing quality and continuity in essential services for citizens and return value to all stakeholders. The Group’s approach to sustainability, its mission and its purpose – which in 2021 became an integral part of its Articles of Association – indicate the direction in which Hera intends to continue, in line with the objectives of the United Nations 2030 agenda and with the creation of shared value in three main areas: energy, environment, local areas (and enterprises). From reducing climate-changing emissions to promoting renewable energy, without forgetting the sustainable use of water resources, the circular economy and plastics recycling, as well as protocols on human rights, diversity and inclusion: for the Hera Group, economic growth and sustainable development go hand in hand, to encourage a just transition and accompany the areas served along the path to responsible and valuable change. The S&P Global Sustainability Yearbook 2023 gold class comes alongside other recent awards that the Hera Group has received for its labour policies and diversity enhancement, including Top Employer certification and inclusion in the Bloomberg Gender Equality Index. 20230207 cs_Hera awarded 2023 Sustainability Gold Class by S&P Global.pdf 14:50:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-01-31 Hera has been included for the fourth year in a row in the international index that assesses outstanding companies for their policies relating to gender equality, diversity and inclusion. Always concerned with implementing policies concerning gender equality and enhancing diversity in the workplace, in 2023 as well the Hera Group has been counted among the most inclusive companies worldwide. Today, only a few weeks after being granted its 14th Top Employers certification for outstanding human resource management, the Group was confirmed – for the fourth consecutive year – as part of the Bloomberg Gender-Equality Index, which analyses the performance of companies engaged in supporting gender equality by developing dedicated active policies and transparency in communicating information. In the 2023 edition, which includes 484 listed companies, based in over 45 countries, selected out of more than 11,700 businesses, Hera confirmed its results in all areas under analysis with an overall score of 80.1%, above the Italian average (78.27%). The Group stood out in particular for equal pay, an inclusive culture and harassment prevention. This important result confirms the Hera Group’s desire to keep valorising the uniqueness of people in a working context highly exposed to change, constantly committing itself to promoting and creating fair and inclusive workplaces, thanks to the development of dedicated policies and projects. This path stretches quite far into the past and has been enriched over time, starting with the signing of the Charter for equal opportunities and equality in the workplace in 2009 and the introduction – as early as 2011 – of the figure of the Diversity Manager who undertakes to promote the enhancement of diversity inside and outside the company, with dedicated awareness-raising initiatives. As further proof of the attention the Group pays to diversity enhancement policies, it has been included for some time in the Refinitiv “Diversity & Inclusion Index” and, boasting a position of global leadership in its sector, in the Dow Jones Sustainability Index, World and Europe. 20230131_Hera Group in the 2023 Bloomberg Gender-Equality Index.pdf 13:21:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-01-24 In accordance with art. 2.6.2 (Required Reporting) of the “Rules of the markets organised and managed by Borsa Italiana S.p.A.", please find below our annual calendar of corporate events: 21 March 2023 – Meeting of the Board of Directors to approve the previous year’s preliminary financial statements. 27 April 2023 – Shareholders’ Meeting to approve the previous year’s financial statements. 10 May 2023 – Meeting of the Board of Directors to approve additional financial information for the period ending on 31 March 2023. 26 July 2023 – Meeting of the Board of Directors to approve the half-year financial report as at 30 June 2023. 8 November 2023 – Meeting of the Board of Directors to approve additional financial information for the period ending on 30 September 2023. The Board of Directors, as communicated for the previous financial year and in line with the past, in order to guarantee regularity in the information provided to the financial market and investors, has decided to continue preparing and publishing this information quarterly, on a voluntary basis and in line with current regulations. (*) barring changes 20230124 HERA CALENDAR OF CORPORATE EVENTS 2023.pdf 12:32:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-01-17 Early 2023 sees Hera confirmed among the best companies in human resource management, thanks in particular to substantial investments in welfare, training and skills development. “It is in challenging times that excellence comes to the fore”, comments David Plink, CEO of the Top Employers Institute, while granting the Top Employers 2023 certification, one of the main international awards for companies that meet high standards in human resource management. This reflection sums up the complex events seen over the last two years, which have caused considerable instability for many companies. This is not the case for the Hera Group, which has been certified as a Top Employer for the 14th consecutive time, standing out for its job policies and ranking among the top 3 in Italy out of 1,600 companies analysed. The well-being of people, training, professional growth and transformation of skills are the main strengths that have allowed Hera to receive this prestigious award. It was conferred by the Institute based in Holland, a global body certifying corporate excellence in the HR field, after a close analysis that becomes increasingly selective every year and concerns specific parameters such as adequate salaries, working conditions, career opportunities, corporate culture, training and people development. With its pioneering vision, concrete decisions and increasing investments in human resources and training, Hera continues to take on the challenges of change, aiming at developing new skills and competencies. In this sense, a central role is played by HerAcademy, the corporate University founded precisely with the desire to generate new knowledge in response to the trends seen in the context, including an ongoing debate on current issues and collaborations with major national and international institutions. All training activities for Hera’s over 9,000 employees fall within this scope, so that continuous learning and people development are at the heart of the strategy, in line with the growing demand for profiles capable of overcoming the challenges of the transitions currently underway (digital, energy and environmental). In 2022 alone, 97% of the corporate population, including the most operational ones, attended training courses, totalling approximately 270 thousand hours, or roughly 30 hours of training per capita, well above the sector average. In line with this same vision, and above all as a response to the challenge of the energy transition, the Hera Group has also launched a major talent acquisition campaign throughout Italy in recent months. The goal is to select and train, in collaboration with ManpowerGroup, 300 new resources with technical and operational profiles and include them, within 2023, in the Group’s various companies and in supplier companies. Training and valorising people is all the more effective when it is accompanied by the well-being and professional satisfaction of workers. The Hera Group is well aware of this and, even when faced by the complex events we are currently experiencing, it continues to insist on safety, productivity and quality of work, as is demonstrated by the recent renewal of the supplementary corporate contract for 2022-2024. In addition to significant investments in the welfare plan, to make the working and family spheres more compatible, the new contract provides, for example, for the introduction of measures in favour of pregnant workers, parents with children up to 6 years of age and those assisting elderly parents, without forgetting Hera’s initiatives in favour of gender policies. “This year as well, being recognized by the Top Employers Institute as one of the best companies for our personnel policies fills us with pride”, comments the Executive Chairman of the Hera Group, Tomaso Tommasi di Vignano. “Reaching this goal encourages us to do even better, ever more convinced that enhancing the people of the Group and continuing to invest in their professional growth, making them an integral part of the transformations of our time, also guarantees corporate solidity, quality in the services we provide and positive repercussions for the local areas served.” PR Hera Top Employer for the 14th time.pdf 10:51:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-12-29 Following the press release issued on 29th November 2022, the Hera Group and the Ascopiave Group herein announce that today they have signed the contract deliverables governing the acquisition of 92% of Asco TLC from Asco Holding and the Treviso-Belluno C.C.I.A.A. (Chamber of Commerce, Industry, Crafts and Agriculture). The transfer of the Asco TLC shares will take place upon the closing of the transaction, which is scheduled in the first quarter of 2023. This partnership represents a strategic step in the evolution of Ascopiave and the Hera Group's business portfolio in the IT-TLC sector, consistent with the industrial plans of the two groups. For additional information on the details of the transaction, please refer to the press release dated 29th November 2022. The commitment represents an operation with related parties for Ascopiave in virtue of the fact that although Asco Holding controls Ascopiave, it does not exercise any management and coordination activity over the latter. The agreement can be construed as a deal of minor significance, pursuant to the Consob Regulation on Related Party Transactions (hereinafter referred to as the “Regulation”), as well as the procedure therein adopted by Ascopiave. It has received a favourable, non-binding clearance from the Ascopiave Committee for Related Party Transactions. It is hereby stated that, as the above-mentioned arrangement qualifies as one of minor importance, no information document will be published pursuant to Article 5 of the Regulation. 20221229 Ascopiave Gruppo Hera sottoscrizione ASCO TLC.pdf 15:32:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-12-19 The Group is among the top positions in the international ranking of Utility Networks assessed by S&P Global for its focus on sustainability and its ability to create shared value by contributing to the energy transition Following its recent confirmation, for the third consecutive year, within the Dow Jones Sustainability Index, World and Europe, the Hera Group once again ranks among the companies that pay the most attention to sustainability and ESG aspects internationally. Hera’s latest ESG Evaluation, carried out by the Sustainable Finance analysts of S&P Global Ratings, has indeed also been recently published. This is a cross-industry assessment of the Group’s ability to effectively manage, in the medium and long term, its exposure to environmental, social and governance risks, as well as to grasp opportunities arising from the changes required by a constantly evolving international context. This year, the Hera Group, among the first in Italy to have published its own ESG Evaluation as early as 2021, obtained an overall score of 81/100, making it one of the best companies internationally as assessed by S&P Global Ratings. The score obtained (81) sets it well above the international (72) and European (76) average. This comes as further important recognition for the attention that the Hera Group dedicates to ESG aspects in pursuing a strategy of sustainable, long-term growth, which has characterised it since it was established in 2002, and which complements and goes hand in hand with its financial solidity. In particular, in the ESG Evaluation just published, the Hera Group is assessed by S&P Global Ratings as being strongly prepared to implement its strategy of creating shared value, contributing to the transition towards a circular and low-emission economy. Hera has, in fact, shown itself ready to face the potential risks arising from the energy crisis, thanks to its ability to balance the need for transition with the security and availability of energy sources. The most distinctive factors to be positively evaluated include: a robust governance, characterised by a high level of independence and transparency; resilience to external shocks thanks to a multi-business model that maintains sustainability principles as an integral part of its growth and development strategy; its ability to collaborate with various stakeholders, including municipalities, local communities and universities; its ability to capitalise on circular economy principles by investing in technology and innovation to reduce its environmental footprint, including through recycling plastics and energy production from waste, with results superior to other operators; transparent annual reporting on its greenhouse gas emissions in relation to its 2030 reduction targets; the constant alignment of its financing strategy and remuneration structure with its goals in shared value creation, which has helped to strengthen the involvement of the corporate population; the level of diversity confirmed by a high percentage of women in management positions and the inclusive approach towards local communities. 20221219_Hera TOP in S&P Global Ratings ESG evaluations.pdf 10:31:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-12-10 For the third year in a row, Hera has been confirmed as world leader in the Multi-Utility & Water sector, providing further recognition of the Group’s twenty-year strategy that combines corporate growth with the creation of value for all stakeholders The Hera Group, one of Italy’s largest multi-utilities operating in the waste management, energy and water sectors, was confirmed for the third consecutive year as the top-ranking company in the Multi-Utility & Water sector of the Dow Jones Sustainability World Index for sustainability performance in all three Environmental, Social and Governance (ESG) areas. This recognition comes from S&P Global, which late yesterday published the updated ranking defined by the prestigious international stock market index that assesses the social responsibility of listed companies As in past editions, this year as well Hera has been included in both the Dow Jones Sustainability World Index and the Dow Jones Sustainability Europe Index. More specifically, the Group achieved an overall score of 90/100, the highest in the Multi-Utility & Water sector, against a sector average of 32/100. The ratings obtained were 89/100 in Environment, 91/100 in Social and 91/100 in Economic & Governance, achieving a leadership position in all three areas assessed. These results provide further recognition of Hera’s commitment to all aspects of sustainability as an integral part of its 20-year growth strategy focused on creating value for its stakeholders. Listed since 2003 and part of the FTSE MIB since 2019, Hera stock, which has been included in the Dow Jones Sustainability Index since 2020, was also listed on the MIB ESG Index in 2021, the first blue-chip index for Italy dedicated to ESG best practices, launched by Euronext. This year, the Hera Group also became part of the TOP 10 of Refinitiv’s international “Diversity & Inclusion Index” ranking, first overall among multi-utilities and first among Italian companies, as confirmation of its commitment to promoting diversity, inclusion and people development. 20221210_Hera in the Dow Jones Sustainability Index 2022.pdf 09:49:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-12-01 Ascopiave partially exercised the put option on its investment in EstEnergy, selling 8% of the capital to Hera Comm, the majority shareholder. Subsequent to the transaction, the Hera Group will hold a 60% stake in EstEnergy, the largest energy player in North-Eastern Italy with over one million customers. Today, Ascopiave S.p.A. and the Hera Group, through the subsidiary Hera Comm, signed the agreement for the sale by Ascopiave S.p.A. of an 8% stake in the capital of EstEnergy, the commercial joint venture established in 2019 that is the largest energy player in North-Eastern Italy with over one million customers. The sale derives from the partial exercise of the put option held by Ascopiave on its stake in the company, in compliance with the agreements signed between the parties upon establishing the partnership. The sale value is based on the fair market value of the company, estimated at 79.2 million euros with payment within December 2022. As a result of the transaction, which will be finalised by the end of 2022, the Hera Group’s stake in EstEnergy will rise to 60%, while Ascopiave will hold 40% of the share capital, without prejudice to the right to sell such stake under the conditions already defined, in addition to maintaining the current governance rights. The operation, which is consistent with the objectives set out in its strategic plan, will enable the Ascopiave Group to improve the sustainability of its capital structure and consequently finance medium-term investments in the core business and diversification. Similarly, the Hera Group, in line with the objectives set forth in its business plan, further strengthens its presence in North-Eastern Italy, continuing to generate concrete benefits for customers and the communities served, through high-quality services, investments, innovation, and environmental and resource protection. PR Estenergy stake ENGLISH final.pdf 11:27:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-11-29 The partnership between the two companies, which won the public tender called by Asco Holding, is a strategic milestone in the evolution of the business portfolio of the two groups in the IT sector, consistent with their respective industrial plans. Ascopiave and the Hera Group, through its subsidiary Acantho, won the public tender called by Asco Holding for the sale of 92% of the shares of Asco TLC, held by Asco Holding itself and by the Chamber of Commerce of Treviso-Belluno. Asco TLC, a provider of ICT services since 2001, mainly dealing with corporate clients and public administrations, owns a significant network located in Veneto and Friuli-Venezia Giulia, boasting over 2,200 km of fibre optic backbone, 56 communications towers and 24 xDSL unbundled stations, and supplies its services to over 2,700 customers. This partnership is a strategic landmark in the enhancement of Ascopiave’s and the Hera Group’s business portfolio in the IT sector, in line with the industrial plans of the two groups. It also represents the first stage of a potentially broader operation which would lead, by means of the merger through acquisition of Asco TLC into Acantho, to the creation of a multi-regional player capable of achieving significant operational synergies compared to stand-alone companies, also benefiting customers. The operation in detail Ascopiave and Acantho, in partnership with stakes of 60% and 40% respectively, won the tender invited last April by Asco Holding and, subsequent to the due diligence conducted at the end of July, on 3rd November jointly submitted the binding offer, as required by the tender procedure. The purchase price, which will be settled by cash, amounts to Euro 37.2 million, against a normalised net financial position of Euro 0.1 million at 30th June 2022. The closing of the transaction is conditional upon the fulfilment of the conditions precedent set out in the tender documents, specifically the acquisition of the necessary authorisations from the competent bodies. The Hera Group is one of the leading Italian multi-utility companies, operating in the environmental, energy and water sectors and employing over 9,000 people, who are committed every day to responding to the many needs of around 5 million citizens located mainly in Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Marche, Tuscany and Abruzzi. Listed since 2003, it is one of the top 40 Italian companies in terms of capitalisation (it is included in the Ftse Mib index) and since 2020 it has been included in the Dow Jones Sustainability World and Europe Index. Acantho, a telecommunications operator, is the digital company of the Hera Group. Thanks to the development of a proprietary ultra-broadband fibre optic network extending for over 230,000 kilometres and its Data Centres in Imola and Siziano, it has been offering ICT services and tools in the Data & Voice Communication, Hybrid MultiCloud, Cyber & Physical Security and Smart City fields for over 20 years, contributing to the competitiveness of small and large enterprises and the development and innovation of the territory. www.gruppohera.it - www.acantho.it The Ascopiave Group is one of the leading operators in natural gas distribution in the country. The Group owns concessions and direct assignments for the management of activities in 308 Towns, supplying services to over 890,000 inhabitants, through a network of about 14,500 kilometres. Ascopiave is also a partner of the Hera Group in the sale of gas and electricity, through a 48% stake in Est Energy, a leading operator in the field holding a portfolio of over 1 million sales contracts to end users, mainly in Veneto, Friuli Venezia-Giulia and Lombardy regions. In the water sector, Ascopiave is a shareholder and technological partner of Cogeide, which manages the integrated water service in 15 Towns within the Bergamo Province, serving a population of over 100 thousand inhabitants, through a network of 880 km. In addition, Ascopiave operates in the renewable energy field, through 28 hydro-electric and wind power stations, with a rated capacity of 62.5 MW. Through its subsidiary Salinella Eolico S.r.l., Ascopiave is about to undertake the erection of a wind farm. Ascopiave has been listed under the Euronext Star Milan segment of Borsa Italiana since 12th December 2006. www.gruppoascopiave.it Contact: Hera S.p.A. Giuseppe Gagliano - External Relations Manager + 39 051.287138 Cecilia Bondioli - Media Relations Manager + 39 051.287138 – + 39 320.4790622 Contact: Community Group Ascopiave Giuliano Pasini Tel. +39 0438 / 980098 Auro Palomba Roberto Zava - Media Relator Tel. +39 0422 / 416111 Cell. +39 335 / 1852403 Mob. +39 335 / 6085019 Giacomo Bignucolo – Investor Relator Cell. +39 335 / 1311193 20221129 PR ASCO TLC final.pdf 15:03:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg