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Hera’s Ordinary and Extraordinary Shareholders Meeting, chaired by Executive Chairman Cristian Fabbri, was held in Bologna to approve the 2023 financial statements and the payment of a dividend increasing to 14 cents per share, in line with what was previously announced during the presentation of the 2027 Business Plan and based on the significant results achieved. The 2023 Sustainability Report was also presented during the Meeting. 2023 financial statements approved with record results The Shareholders Meeting approved the 2023 financial statements, which showed strong growth in the main operating and financial indicators compared to both the previous year and to pre-crisis levels (FY2021). Among the main results: adjusted Ebitda rose to 1,494.7 million euro (+15.4%) and adjusted net profit attributable to shareholders amounted to 375.2 million euro (+16.5%). Gross operating investments reached 815.8 million euro (+15.0%) and were mainly allocated to innovation and resilience of the assets managed, the circular economy and the energy transition, with concrete projects consistent with the foremost national and international policies. Net debt fell to 3,827.7 million euro, as against 4,249.8 million euro at 31 December 2022. The financial structure thus improved significantly, with the net debt to adjusted Ebitda ratio dropping to 2.56x, compared to 3.28x for the previous year, well below the Group’s prudential parameters. Dividend payment confirmed, rising to 14 cents per share The Shareholders Meeting approved the Board of Directors’ proposal to distribute a dividend coming to 14 cents per share, up 1.5 cents over the last dividend paid (+12%). The ex-dividend date was set at 24 June 2024, with payment as of 26 June 2024. The dividend will be paid to the shares recorded on 25 June 2024. Sustainability Report: shared-value Ebitda and investments rise The 2023 Sustainability Report was also presented during the Shareholders Meeting, showing that improvement in operating and financial indicators goes hand in hand with the Group’s focus on sustainability and creating value in the served areas. In 2023, shared-value Ebitda, which refers to business activities that also respond to the targets on the Global Agenda, rose to 776.0 million euro, up 16% compared to the 670.3 million euro seen in 2022 and corresponding to 52% of overall Ebitda. Two new directors appointed The Shareholders Meeting also resolved to reappoint Director Enrico Di Stasi for the remainder of the term of office of the Board of Directors. Di Stasi had in fact been appointed by co-optation by the Board of Directors on 27 September 2023, following the resignation of Director Lorenzo Minganti. Director Di Stasi confirmed that he did not meet the independence requirements of current regulations. The Shareholders Meeting also appointed Director Tommaso Rotella to replace Gabriele Giacobazzi, who passed away on March 3, 2024. Director Rotella has declared that he meets the independence requirements of current regulations and the next Board of Directors will appoint him as Vice Chairman. For further information Press release Shareholders’ Meeting 2024 Board of Directors Online Report FY2023 Online Sustainability Report 2023 img_assemblea_870.png The Group continues along its path of uninterrupted growth, closing 2023 with record performance in the main operating and financial indicators, thus constantly creating value for its stakeholders ass.azionisti-2024_110.jpg

Financial highlights Revenues at 14,897.3 million euro Ebitda* at 1,494.7 million euro (+15.4%) Net profit* for shareholders at 375.2 million euro (+16.5%) Gross operating investments at 815.8 million euro (+15.0%) Net financial debt improves to 3,827.7 million euro (-10%), with Net debt / Ebitda* at 2.56x Proposed dividend rises to 14 eurocents per share (+12%) Operating highlights Strong performance from internal growth with contributions coming from acquisitions Significant contributions from the energy area, growth in the waste management sector, and network resilience pending the adjustment of the tariff return effective from 2024 Consolidation of ranking as Italy’s first operator in the waste management sector, second in water and third in energy Shared-value Ebitda rises sharply to 776.0 million euro (+16%) and shared-value investments amount to 558.4 million euro (69% of total investments) The Board of Directors of the Hera Group, chaired by Executive Chairman Cristian Fabbri, unanimously approved the consolidated financial results as at 31 December 2023 and the Report on remuneration policy and compensation paid, as well as the Sustainability report. Record year for the Group, that continues to create value for stakeholders and increase its scope of operations Thanks to effective choices made by management and the numerous development actions implemented, which also made it possible to seize market opportunities, the Hera Group closed the 2023 financial year with main operating results showing strong growth compared to the previous year. In particular, the Group leveraged its financial flexibility to successfully participate in recent last resort market tenders, and to acquire strategic assets in the waste management area. In a year characterised by an international geopolitical situation that remained unstable, with high energy market volatility in the first half of the year and prices that have not yet returned to the levels seen prior to the crisis, as well as a series of extreme weather and climate phenomena that affected the areas served, the Hera Group has continued to ensure service continuity and quality and the creation of value for all stakeholders. This concrete and transparent value was quantified through shared-value Ebitda and investments, with the data in question subjected for the fifth consecutive year to an external auditing company in order to validate these distinctive aspects of the Group’s reporting to all stakeholders. Hera pursued corporate growth and, at the same time, sustainable development, as shown by the increased investments in innovation and resilience of the assets managed, the circular economy and the energy transition, with concrete projects consistent with major national and international policies. In addition to internal growth, in 2023 Hera continued to expand its scope of operations through external development, with the aim of providing its customers with increasingly innovative and competitive solutions. Cristian Fabbri, Executive Chairman of Hera Group: “We closed 2023 with record performance in our main operating and financial indicators, achieved within a macroeconomic environment that was volatile and uncertain. Ebitda reached almost 1.5 billion, net profit attributable to shareholders grew by 16.5% and investments were up by 15%, exceeding 800 million euro. As a result, the economic value distributed to stakeholders in the areas in which we operate reached 2.3 billion euro, up 36%. We achieved these results mainly thanks to the contribution coming from the waste management and energy areas. In the energy area in particular, we achieved significant growth supported by commercial development, last resort markets and energy efficiency services. At the same time, debt fell by 10%, bringing us to a Net debt / Ebitda ratio of 2.56x, allowing the Board of Directors to propose a 12% increase in dividends, equal to 14 eurocents per share. The 2023 results thus confirm the validity of our Group’s strategic vision and constitute the solid building block of our new business plan, approved in January.” Orazio Iacono, CEO of the Hera Group: “In 2023, Ebitda exceed the targets set in the previous Plan to 2026 three years ahead of schedule. The normalisation of energy prices made it possible to reduce net working capital achieving a significant financial structure and a Net debt / Ebitda ratio of 2.56x. The Group thus regained its usual financial flexibility and can continue to seize further growth opportunities in its reference markets, still highly fragmented. Evidence of this lies in the transactions carried out in 2023, which also confirm our focus on generating sustainable growth in the local areas served. This commitment was confirmed by the increase in both shared-value Ebitda, up by 16% to 776.0 million euro, 52% of overall Ebitda, and in CSV investments, which amounted to 558.4 million euro in 2023, approximately 69% of total investments. Finally, we proved our ongoing commitment to sustainable finance, a driving force for our investment plan and confirmation of our desire to create value in the areas served, with particular attention going to objectives including decarbonisation, circular economy, innovation and resilience, consistent with our corporate purpose and the path set out by the Business Plan.”. For further information Press release Investor Relations web area 2023 Sustainability Report Highlights Interactive 2023 annual report 2023 Sustainability report img_primopiano_BE2023_870_V2.png The year closed with main financial indicators rising and the targets included in the strategic Plan to 2026 exceeded three years ahead of schedule img_BE2023_110x150V2.jpg

The Company will take steps to integrate the Board and appoint a new Vice Chairman in accordance with the provisions of current legislation and the Articles of Association, based on the decision to be made by the public shareholders participating in majority list, in accordance with the provisions of the current Public Shareholders agreement to which they adhere. Also note that Mr. Giacobazzi held the positions of Vice Chairman of the Executive Committee, Chairman of the Control and Risks Committee (which also corresponds to the Committee for Transactions with Related Parties) and Chairman of the Remuneration Committee. img_primo_piano_top_employer.png We hereby inform you that on March 3, 2024, the Vice Chaiman of the Board of Directors, Mr. Gabriele Giacobazzi, passed away. giacobazzi_110.jpg

With Panasonic Industry Europe, the operating company of the Japanese multinational world leader in the production of electronic products and components, we renew the long-standing collaboration with the signing of a commercial agreement aimed at expanding the diffusion of the innovative NexMeter meter in the Italian gas distribution market. There are several utilities that have already demonstrated their interest in our device and further future prospects for partnerships with European operators cannot be ruled out. The collaboration with Panasonic dates back to 2019, when we launched our smart gas meter 4.0, equipped with advanced safety and leakage reduction functions, which subsequently evolved over time: since 2021 it has been made with recycled plastic components and has obtained the compatibility "stamp" for green gas mixtures such as hydrogen and biomethane. NexMeter has now been a consolidated reality for several years and has already made it possible to provide an important technical contribution within our activities. Its anti-seismic vocation has now led to over 250 thousand meters already installed mainly in Friuli-Venezia Giulia and Emilia-Romagna, areas classified as high seismic risk, and the additional functions of NexMeter in leak detection have also made it possible to intervene successfully in potentially critical situations, avoiding even serious risks to people and things. Furthermore, we have already activated the first Italian trial of introducing a mixture of methane and hydrogen into the city's gas distribution network two years ago in the province of Modena. Today the collaboration with Panasonic is further consolidated to make this innovative device available to all operators in the sector, which represents an excellent ally for decarbonisation. Starting from our know-how and consolidated experience in the field, Panasonic's technological excellence will, in fact, enrich the NexMeter device with further functions and will make available to all Italian operators a meter that exceeds national standards, with additional performances aimed not only at improving the safety and sustainability of the service, to the benefit of the end consumer, but also at making gas distribution more efficient and reducing costs, for the benefit of the distributors themselves. For further information Find out NexMeter img_primo piano - panasonic.png The Japanese electronics leader collaborates with the multi-utility to distribute the NexMeter 4.0 gas meter, with advanced features in the field of measurement GH-Panasonic_110.jpg

Today, the Hera Group, through its subsidiary Hera Comm, was definitively awarded 7 lots (the maximum number allowed, out of the 26 into which the country is divided) in the national tender called by the Single Purchaser for the Gradual Protection Service for non-vulnerable household customers. This achievement will lead to the acquisition of more than 1 million new electricity customers, spread over 37 provinces of Italy, who will become part of the Group’s portfolio as of 1 July 2024. It also marks a significant step towards the target set out in the Business Plan to 2027. More specifically, Hera will strengthen its presence in several regions: Emilia-Romagna, Veneto, Friuli Venezia Giulia, Marche, Tuscany, Abruzzo, Lazio, Umbria, Liguria, Piedmont, Lombardy and Campania. The result of considerable experience in the sector and significant industrial synergies The Hera Group won 7 lots in the Gradual Protection Service by leveraging the experience previously gained in managing these services and its substantial industrial synergies. The new customers in the Gradual Protection Service will be able to rely on the Hera Group’s consolidated expertise in offering cutting-edge solutions in the energy sector and numerous contact channels, starting from over 200 customer helpdesks located throughout the country, which represent a point of reference to which they can turn for any request, concerning both supplies (gas and electricity) and value-added services (energy saving, sustainable mobility, solutions for businesses). For Hera, focussing on customer and local roots is fundamental: relations with local communities are, in fact, one of the company’s strengths. For further information Press release primo_piano_Gruppo Hera sede di Bologna.png With the 7 lots awarded in the tender for the Gradual Protection Service for non-vulnerable household customers, the Hera Group consolidates its position as the sector’s third largest operator in Italy Gruppo Hera sede di Bologna_110.jpg

The Hera Group has further strengthened its Italian leadership in the waste management sector, particularly in industrial waste treatment, thanks to the binding agreement signed today by its subsidiary, Herambiente Servizi Industriali, concerning the acquisition of 70% of TRS Ecology based in Piacenza, Emilia Romagna region. TRS Ecology has thus transferred to Herambiente its corporate branch responsible for the multifunctional waste treatment platform located in Caorso in Piacenza. With this new facility, when fully operational, Herambiente will process over 64,000 additional tons of industrial waste annually, contributing with approximately 6 million euro to the Hera Group’s consolidated Ebitda, in addition to synergies expected from the integration. The acquisition of TRS Ecology, which employs over 70 workers and serves approximately 2,700 clients, will allow Hera to expand its presence in the Northwestern Italy and create important synergies with its existing industrial hubs in Pisa, Ravenna and Vicenza provinces. The current ownership, represented by the company’s Sole Director Claudio Dodici, will remain within the new corporate structure, retaining a significant operational role. The details of the partnership The TRS facility in Caorso is authorized to treat more than 100,000 tons of waste annually and is organized into four process lines: solid and liquid waste storage; solid and liquid waste reconditioning, sorting, screening and recovery; solid waste volumetric reduction and grinding; solid and liquid waste mixing. In addition to its treatment activities, TRS Ecology can engage in storage, aimed at managing waste from environmental remediation. The Caorso facility currently processes approximately 50,000 tons of waste each year, and with the investments planned by Herambiente, it will be able to increase and streamline its activities, respecting the Group’s circular economy objectives. For further information Press release img_Primo_piano_TSR.png With the acquisition of 70% of the Piacenza-based company, the Group reinforces its leadership in the waste management sector HA - TRS_110.jpg