Press releases

2020-09-17 The two companies have signed the Hera Business Solution protocol for managing integrated waste, drinking water, purification and energy efficiency enhancement services. This multiservice proposal is offered to large companies who wish to reach goals in sustainability, which are measurable and increasingly demanding in various areas, making the most of the skills provided by a single partner. Circular economy and sustainability are at the heart of the Hera Business Solution protocol, signed today by the Hera Group, one of Italy’s largest multi-utilities, and Fruttagel, a national leader in the food sector, specialised in the industrial transformation of fresh fruit and vegetables, cereals and beans. Thanks to the Hera Business Solution, a multiservice offer conceived for large companies, the Hera Group will lend its companies’ experience to Fruttagel. The support provided will allow the latter to meet rising and increasingly challenging goals in circularity along its entire production chain, broadening the range of services already provided by the Group and thus allowing it to count on the benefits ensuing from dealing with a single partner. Circular economy, indeed, is a concept often associated only with the waste treatment sector, while actually covering all areas and therefore also concerning the responsible and efficient use of water and energy. Circular economy across the board with Hera Business Solution The Hera Business Solution protocol signed by Hera and Fruttagel is a valid example of an agreement between different sectors of production that aims at providing solutions for both environmental and production issues, fully deserving a place within the circular economy circuit. This collaboration is part of a process already underway with Fruttagel, that uses a few services offered by the Hera Group, for example managing waste, with plans to reduce it and global service solutions to maximise recovery, and the purification plant; supplying drinking water; selling energy and web tools to analyse and manage energy consumption and evaluate its effects; offering data connectivity, internet and data centre services. Now that the Hera Business Solution protocol has been signed, the multi-utility will launch a phase of consulting to draft a monitoring model that covers all Fruttagel’s activities and provides support in reaching environmental sustainability goals in terms of raising consumption efficiency, improving environmental performances and reducing energy and environmental impact. The bar set for these goals will become even higher, owing to the broader range of coordinated services provided by the Hera Group. With the Hera Business Solution, the Hera Group is indeed available as a partner for large industrial groups, with an overall proposal consisting of integrated energy and environmental solutions, sustainable and well-defined for single businesses, taking their own complexity into account. The goal is to set out new opportunities for growth, working alongside companies, to reduce as much as possible costs for the community, the environment and future generations. All of this will involve regenerating natural resources, lengthening the useful life of goods and resources and developing skills for an efficient use of raw materials. The Circular Economy Report, to describe and measure sustainability Measuring and reporting are ever more crucial to remain competitive on the market, in reputational terms as well. In order to present results or previously launched sustainability projects, the Hera Group will lend Fruttagel its consolidated experience in this field, designing and drafting along with this company a report on the sustainability performance reached. The report will be constructed by including indicators concerning the main services acquired/provided, for example recovery in waste managed, greenhouse gasses avoided, renewable energy used and the primary energy saved thanks to efficiency interventions and cogeneration plants. Through these numbers, it will be possible to better analyse these processes and their impact, introduce plans for improvement and transparently report to stakeholders. “This partnership with Fruttagel, a leading company nationwide, is a further initiative in the development of actions concretely aimed at a circular economy and decarbonisation, introduced by our company”, comments Stefano Venier,HeraGroup CEO. “The integrated contribution coming from our Group’s various specialised companies allows us to act as a single partner, ready to serve our clients and help them reach increasingly demanding and significant goals in sustainability, providing them with across-the-board solutions concerning all areas of a company’s activity”. “Fruttagel has published a yearly corporate report since 2010, now a Sustainability report, and has always guaranteed that its consumers receive genuine quality products that promote the principles of a correct and healthy diet. This however is no longer enough”, remarks Stanislao Fabbrino, Chairman and CEO of Fruttagel. “Consumers now not only wish to know “what” is inside our products, but also “how” they are made. Does the company behind these products respect the environment? Does it respond to issues found in the surrounding communities? Does it monitor its employees’ needs? Does it pay famers the right price? The answers to all these questions are found in our company’s Sustainability report, but they also require a great deal of commitment and investment, especially concerning issues in environmental sustainability. This is why we have signed this agreement; we need to collaborate with circular economy specialists and, since we wish to demand more of ourselves, we want the best. We’re working on a new three-year business plan, in which we will set out ambitious targets in sharply reducing the amount of virgin plastic, cutting the amount of CO2 generated by our activities, recovering a larger percentage of processing water and using an increasing amount of energy from renewable sources. We wish to work alongside Hera in meeting all these goals”. 2020-06-18 15:54:00 Firma_accordo_Fruttagel_110.1600351275.jpg

2020-09-16 The Hera Group continues to rise in Refinitiv’s international ranking, the “Diversity & Inclusion Index”, a reference point for investors who look with interest towards the businesses committed to promoting diversity, inclusion and people development. Twelfth overall and second in Italy in the 2020 edition, Hera furthermore ranked once again as the world’s leading multi-utility. The Hera Group continues to rise in Refinitiv’s international ranking, the “Diversity & Inclusion Index”, a reference point for investors who look with interest towards the businesses committed to promoting diversity, inclusion and people development. Twelfth overall and second in Italy in the 2020 edition, Hera furthermore ranked once again as the world’s leading multi-utility. This year as well, the “Diversity & Inclusion Index” confirms the Group’s presence among the world’s 25 most interesting companies for investors inclined towards companies committed to guaranteeing diversity and inclusion. It is now well-known internationally, indeed, that companies adopting policies oriented towards Diversity & Inclusion (D&I) can obtain both economic and social benefits, in terms of sustainability and wellbeing. In the 2020 edition, which examined a broader range of listed companies coming to over 9,000 worldwide, Hera’s score of 77 points made it the second company in Italy and 12th in the world, further improving its position (after ranking 14th in 2019). The Group was furthermore confirmed as the leading multi-utility globally. The “Diversity & Inclusion Index” was conceived and is carried out by the international financial information giant Refinitiv (formerly Thomson Reuters), which analyses corporate performance based on a range of ESG (environmental, social and governance) factors. It mainly focuses on four areas: diversity, inclusion, people development and controversies published in the media. This is one of the world’s foremost initiatives in data collection and analysis concerning the commitment shown by companies towards these issues. This result comes only a few weeks after Hera stock, already listed on the FTSE MIB as of March 2019, was included in the FTSE4Good, an important set of ethical indexes created to encourage investment in companies that meet rigorous criteria in the environmental, social and governance area. These recognitions prove that our company’s attention towards these issues have made it a pioneer, nationally and internationally. As early as 2009, indeed, our multi-utility signed the Charter for equal opportunity and equality on the workplace, and in 2011 it introduced a Diversity Manager who, supported by a team of employees coming from various areas and companies belonging to the Group, is responsible for planning projects that reflect the company’s policy in valorising diversity, equal opportunity and equality on the workplace. The centre of the Hera Group’s personnel policy is unquestionably its corporate welfare plan, which supports employees and their families, dedicating 4.5 million euro overall in services requested in 2019 alone. Our multi-utility, furthermore, has always invested in developing personalised internal career paths. The percentage of women covering roles of responsibility increased in 2019, coming to 33%, as did the amount of female personnel, reaching 26.6%, well above the national sector average. Equal opportunity is accompanied by a significant amount of training, which 99.4% of workers received in 2019 (roughly 30 hours per capita on average, in this case as well higher than the sector average). Nor can we forget the use of innovative methodologies, such as Diversity@work, conceived to raise awareness among the company’s entire workforce as to a diverse and inclusive environment. “Our commitment towards promoting our employees’ wellbeing and development is one of the cornerstones of our corporate policy”, remarks Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group. “This is why ranking, once again, among the world’s best companies in Diversity & Inclusion drives us to do even better. We will continue to make efforts to put these values at the centre of the paths conceived for the workers engaged in all our activities, convinced that encouraging an inclusive internal culture will also lead to benefits for the over 4 million citizens we serve every day.” 2020-06-18 15:29:00 0G4A1631.1398693050 (1).jpg

2020-09-03 Bologna, 03 September 2020 - The following table contains the data concerning the shares outstanding and the number of voting rights representing the share capital as at 31 August 2020. UPDATED SITUATION PREVIOUS SITUATION Number of shares constituting the Share capital Number of voting rights Number of shares constituting the Share capital Number of voting rights Total, of which: 1,489,538,745 2,243,338,785 1,489,538,745 2,243,638,785 Ordinary shares (regular dividend rights: 01.01.2020) - cod. ISIN IT0001250932 Current coupon: n. 19 735,738,705 735,738,705 735,438,705 735,438,705 Ordinary shares with increased voting rights (regular dividend rights: 01.01.2020) - cod. ISIN IT0005159972 Current coupon: n. 19 753,800,040 1,507,600,080 754,100,040 1,508,200,080 20200903_Communication_overall_amount_of_voting_rights_art_85_bis_RE_eng.1599147462.pdf 2020-07-02 15:29:00 Comunicato stampa piloni_110x150.1461840758.png

2020-08-05 Bologna, 05 August 2020 - The following table contains the data concerning the shares outstanding and the number of voting rights representing the share capital as at 31 July 2020. UPDATED SITUATION PREVIOUS SITUATION Number of shares constituting the Share capital Number of voting rights Number of shares constituting the Share capital Number of voting rights Total, of which: 1,489,538,745 2,243,638,785 1,489,538,745 2,245,438,785 Ordinary shares (regular dividend rights: 01.01.2020) - cod. ISIN IT0001250932 Current coupon: n. 19 735,438,705 735,438,705 733,638,705 733,638,705 Ordinary shares with increased voting rights (regular dividend rights: 01.01.2020) - cod. ISIN IT0005159972 Current coupon: n. 19 754,100,040 1,508,200,080 755,900,040 1,511,800,080 20200805_Communication_overall_amount_of_voting_rights_art_85_bis_RE_eng.1596615871.pdf 2020-07-02 09:13:00 Comunicato stampa piloni_110x150.1461840758.png

2020-07-29 1H 2020 Although feeling the impact of the Coronavirus emergency, the half-year report shows operating-financial indicators rising, thanks to increased efficiency achieved in the Group's various business areas and the recently enlarged scope of operations. Financial highlights Revenues at 3,402.3 million euro (+0.9%) Ebitda at 559.7 million (+2.5%) Net profit at 174.9 million (+0.6%) Net financial position improves to 3,083.6 million Operating highlights Good contribution coming from both internal growth and the recently enlarged scope of operations, which more than offset the negative effects of the nationwide emergency Further activities introduced to support all stakeholders Solid customer base in energy sectors, with customers increasing sharply to 3.3 million thanks to the recent Ascopiave partnership Today, the Hera Group's Board of Directors, chaired by Tomaso Tommasi di Vignano, unanimously approved the consolidated operating results for the first half of 2020. The positive trend shown by our multi-utility was confirmed, with main operating-financial indicators improving, in spite of a few inevitable negative impacts caused by the health emergency that broke out across the country. In general, the good results reached confirm once again the Group's valid business model, which balances regulated and free-market activities, along with internal and external growth, creating value for the areas served. Relying on its own financial solidity, Hera continued to proactively introduce, in the second quarter as well, a range of measures aimed at guaranteeing service continuity even while the emergency was still fully underway. Furthermore, support and protection were ensured for all main stakeholders, first and foremost employees, suppliers and customers, through means including favourable conditions for bill payments. Among the major changes in the Group's scope of operations compared to the first half of 2019, note the acquisition in July of the waste treatment plants belonging to Pistoia Ambiente in Tuscany and, in December, the closing of the partnership between Hera and Ascopiave. This latter transaction led, through EstEnergy, to the birth of the largest energy operator in North-Eastern Italy while at the same time redistributing the respective activities in gas distribution. In recent weeks, lastly, Hera stock was included in the FTSE4Good Index Series, a set of ethical indices conceived by FTSE Russell to bring together the best companies who, around the world, are actively committed to sustainable development. This important recognition came just over one year after Hera was listed on the FTSE MIB. Revenues rise to over 3.4 billion euro In the first half of 2020, revenues amounted to 3,402.3 million euro, up 30.7 million (+0.9%) over the 3,371.6 million seen in the same period of 2019. This growth was mainly due to the changes in the scope of operations, which offset the fall in revenues for trading, production and sales of electricity and gas, heat management and district heating. Revenues also fell in the waste management sector, owing to lower revenues in electricity generation and lower volumes of waste treated. Ebitda increases to 559.7 million euro Ebitda settled at 559.7 million euro, up 13.8 million (+2.5%) compared to the 545.9 million seen at 30 June 2019. In the first half of the year, the health emergency impacted all business areas, bringing about an overall decrease in margins coming to roughly 30 million euro, entirely due to non-recurring effects and in line with the projections communicated in late March, when the year-end report was approved. In spite of this, the changes in the scope of operations, especially the entry of the companies belonging to the EstEnergy Group following the partnership with Ascopiave, along with the numerous measures introduced to enhance efficiency, allowed Hera to offset the negative effects and keep growing, above all in the energy areas. Operating result grows to 295.7 million euro The operating result rose to 295.7 million euro, up 6.8 million (+2.4%) over the 288.9 million seen in the same period of 2019. Financial operations came to 56.2 million euro at 30 June 2020, changing by 11.3 million mainly due to the higher notional charges created by the put option concerning the shares held by Ascopiave and lower profits coming from joint ventures, largely owing to the consolidation of EstEnergy. This result was offset by an equal amount coming from improved debt management, with a reduction in the average medium and medium-long term interest rate. Pre-tax profits settled at 239.5 million euro, down slightly compared to the 244.0 million euro seen in the first half of 2019. Net profit rises to 174.9 million euro Profits at 30 June 2020 came to 174.9 million, up slightly (+0.6%) compared to the 173.9 million seen at 30 June 2019, while profits pertaining to Group shareholders amounted to 166.2 million euro, in line with the same period in the previous year. These results benefitted from a tax rate coming to 27%, a clear improvement with respect to the 28.7% recorded in the first half of 2019, thanks in particular to the Group's efforts in sustaining significant investments supporting a technological, digital and environmental transformation, in addition to the positive effects of the measures introduced by the government in the Relaunch Decree. Over 240 million invested, improvement in financial position In the first six months of 2020, the Group's overall investments amounted to 240.6 million euro, up 16.2% compared to the 207.0 million recorded at 30 June 2019. Operating investments mainly concerned interventions on plants, networks and infrastructures, in addition to investments involved in an intensive meter substitution and in the purification and sewerage area. Total investments also included financial investments coming to 45.5 million. The Group's net financial position, which reached 3,083.6 million euro at 30 June 2020, showed a 190 million (5.8%) decrease compared to the 3,274.2 million seen at 31 December 2019. This was due to a positive cash generation that entirely financed investments and M&A transactions, and that would also have been able to cover the annual dividend payment, which was postponed by a few weeks simply as a precautionary measure and regularly paid on 8 July. The Group's financial solidity was confirmed by the ROE and ROI profitability indices, which respectively came to 10% and 9%, and by the Net debt/Ebitda ratio, which settled at 2.81x in the first half of 2020, improving compared to the 3.02x recorded at the end of 2019. The Net debt/Ebitda ratio, not considering changes in the scope of operations and thus excluding the value of the put option for EstEnergy, improved to 2.35x, compared to the 2.55x seen for the same period one year earlier. Gas area Ebitda for the gas area - which includes services in natural gas distribution and sales, district heating and heat management - amounted to 200.8 million euro in the first half of 2020, improving compared to the 195.6 million seen at 30 June 2019 (+2.7%). This was mainly due to the entry of the new companies belonging to the EstEnergy Group and AmgasBlu, as well as the four portions of last resort services and two portions of default services awarded. The increase offset the lower volumes of gas sold and the lower margins in district heating and heat management, caused by the mild temperatures seen in the first half of 2020 and the negative effects coming from the Coronavirus emergency. Furthermore, distribution activities recorded the first effects of the revised tariffs introduced by Arera, effective as of 1 January 2020, which brought about a significant reduction in recognised operating costs and a fall in Wacc. The recent partnership with Ascopiave was also decisive in increasing the customer base, which rose by roughly 560 thousand (+38%), bringing gas customers to over 2 million. The gas area accounted for 35.9% of Group Ebitda. Water cycle area Ebitda for the integrated water cycle area - which includes aqueduct, purification and sewerage services - went from 122.8 million euro in the first half of 2019 to 122.7 million at 30 June 2020. Due to the negative effects of the Coronavirus emergency, new connections, customers requests and subcontracted works fell, but were largely offset by the efficiency enhancement measures introduced by the Group. The integrated water cycle area accounted for 21.9% of Group Ebitda. Waste management area Ebitda for the waste management area - which includes waste collection, treatment and disposal services -settled at 122.4 million euro in the first half of 2020, dropping slightly (-3.1%) compared to the 126.3 recorded at 30 June 2019, mainly due to the end of incentives for the Ferrara WTE plant and the negative impact of the Coronavirus emergency, which led most businesses to be closed, causing a fall in the production of waste, above all urban waste. These negative effects were partially offset by the positive trend in prices for special waste, whose volumes remained essentially unchanged in spite of the lockdown, even though they showed a different mix. In this particular context, the Hera Group indeed proved able to react swiftly, making its professional services available to the communities found in the areas served and to its own customers, to overcome the emergency together. All waste treatment plants remained operational and at the service of business customers who continued to produce essential goods, and continuing work was also done on initiatives concerning a circular economy, such as the beginning of the authorisation procedures required to create a second plant producing biomethane from the organic portion of waste, in the Ravenna area. Sorted waste settled at 64.4%, increasing slightly compared to the 63.4% seen in the first half of 2019. The waste management area accounted for 21.9% of Group Ebitda. Electricity area Ebitda for the electricity area - which includes services in electricity generation, distribution and sales - rose to 97.0 million euro in the first half of 2020, compared to the 86.3 million seen at 30 June 2019, with a 12.3% increase. Despite the negative effects of the health emergency, as with the gas area, this growth was mainly due to the changes in the scope of operations following the Ascopiave partnership, but the positive margins in electricity generation also partially contributed, especially as regards dispatching services. Customers increased by 160.4 thousand (+14%) over 30 June 2019, now reaching slightly over 1.3 million. This growth in the customer base was seen on the free market, due to the entry within the consolidated scope of operations of the companies belonging to the EstEnergy Group and AmgasBlu, and to reinforced marketing initiatives, which thus proved able to more than offset the drop seen in safeguarded and protected customers. The electricity area accounted for 17.3% of Group Ebitda. Statement by Executive Chairman Tomaso Tommasi di Vignano "We are satisfied with our ability to protect these half-year results from the negative impact of the Coronavirus emergency. Continuing efforts will be made in pursuing growth during the second half of the year as well, in line with the targets set out in our Business plan, hoping that the external context also moves in the direction of a complete recovery. Our solid growth levers (internal growth and M&As) have allowed us to continue creating value for our shareholders, by paying more than 160 million euro in overall dividends in early July, entirely covered by the cash generation achieved over the period". Statement by CEO Stefano Venier "Thanks to the numerous initiatives introduced and our growth strategy, we have succeeded in containing the negative financial impact of the Coronavirus emergency within the limit foreseen, at the same time confirming our profitability and financial solidity, as witnessed by the positive figures in the income statement and the decreased net financial position. In addition to meeting our commitments with shareholders and providing continuity in all main services, producing positive effects for our network of service suppliers as well, this solidity allowed us to sustain our stakeholders experiencing difficulty, including customers and suppliers, confirming our close relations with local communities". The manager responsible for drafting the company's accounting statements, Luca Moroni, declares, pursuant to article 154-bis paragraph 2 of the TUF, that the information contained in the present press release corresponds to the documentation available and to the account books and entries. The half-year financial report and related materials will be available to the public pursuant to the terms established by law at Company Headquarters, on the website www.gruppohera.it and on the authorised storage platform 1Info (www.1info.it ). Unaudited extracts from the Abbreviated Consolidated Half-Year Financial Statements at 30 June 2020 are attached. PROFIT & LOSS (MLN €) 30/06/2020 INC. % 30/06/2019 INC. % VAR. ASS. VAR.% Sales 3,402.3 3,371.6 +30.7 +0,9% Other operating revenues 222.6 6.5% 249.0 7.4% (26.4) (10.6%) Raw material (1,605.1) (47.2%) (1,699.2) (50.4%) (94.1) (5.5%) Services costs (1,151.0) (33.8%) (1,075.1) (31.9%) +75.9 +7.1% Other operating expenses (32.5) (1.0%) (29.8) (0.9%) +2.7 +9.1% Personnel costs (290.9) (8.5%) (286.6) (8.5%) +4.3 +1.5% Capitalisations 14.3 0.4% 16.0 0.5% (1.7) (10.6%) Ebitda 559.7 16.5% 545.9 16.2% +13.8 +2.5% Depreciation and provisions (264.0) (7.8%) (257.0) (7.6%) +7.0 +2.7% Ebit 295.7 8.7% 288.9 8.6% +6.8 +2.4% Financial inc./(exp.) (56.2) (1.7%) (44.9) (1.3%) +11.3 +25.1% Pre tax profit 239.5 7.0% 244.0 7.2% (4.5) (1.8%) Tax (64.6) (1.9%) (70.1) (2.1%) (5.5) (7.9%) Net profit 174.9 5.1% 173.9 5.2% +1.0 +0.6% Attributable to: Shareholders of the Parent Company 166.2 4.9% 166.2 4.9% +0.0 +0.0% Minority shareholders 8.7 0.3% 7.7 0.2% +1.0 +13.1% BALANCE SHEET (MLN €) 30/06/2020 INC.% 31/12/2019 INC.% VAR. ASS. VAR.% Net fixed assets 6,893.2 113.3% 6,846.3 108.9% +46.9 +0.7% Working capital (172.3) (2.8%) 87.0 1.4% (259.3) (298.0%) (Provisions) (638.7) (10.5%) (649.1) (10.3%) +10.4 (1.6%) Net invested capital 6,082.2 100.0% 6,284.2 100.0% (202.0) (3.2%) Net equity 2,998.6 49.3% 3,010.0 47.9% (11.4) (0.4%) Long term net financial debt 3,370.1 55.4% 3,383.4 53.8% (13.3) (0.4%) Short term net financial debt (286.5) (4.7%) (109.2) (1.7%) (177.3) +162.4% Net financial debts 3,083.6 50.7% 3,274.2 52.1% (190.6) (5.8%) Net invested capital 6,082.2 100.0% 6,284.2 100.0% (202.0) (3.2%) 1H 2020 Analyst presentation 1H2020.pdf 2020-05-11 14:02:00 Press release be_110x150.1584956497.png

2020-07-15 Integrated Governance Index 2020 - Top10 For the third consecutive year, the Group ranked first in the inquiry on integrating ESG factors within corporate finance. After pioneering this field by issuing Italy's first green bond and the first sustainable revolving line of credit, Hera has continued to place sustainability at the root of its strategies 2020 Integrated Governance Index: Hera once again ranked at the top of sustainable finance Sustainability, the centre of the Group's strategy Financial communities and investors, above and beyond considering a company's results, are increasingly looking into why and how these results are reached. This means that today, all businesses are required to integrate ESG factors into their strategic planning. This fundamental aspect has always set the Hera Group apart: sustainability is indeed a cornerstone of its financial and business strategies, with reference going above all to the UN's 2030 Agenda. The Group's financial tools as well, therefore, are in line with this vision. Hera made this a priority quite soon, interpreting the changes underway and providing itself with innovative models that have allowed it to take on a pioneering role in this sector and be attractive and competitive on the market. The Group was in fact the first company in Italy to issue a green bond, as early as 2014, with a similar bond issued in 2019. Two years ago, furthermore, Hera launched its first sustainable revolving line of credit, introducing a bonus mechanism for reaching specific environmental, social and governance (ESG) goals. The latter include, for example, further reducing the carbon footprint for energy production, reaching new targets in energy efficiency and improving sorted waste. Moreover, the Hera Group provides public utility services for 4.4 million citizens: creating shared value and positive side-effects for the communities served is a duty and a priority. This is one of the reasons why, for some years now, the Group has decided to measure and publicly release, in its annual sustainability report, the portion of its Ebitda that derives from activities that meet the sustainability goals set out in the UN's 2030 Agenda. This "shared value" Ebitda rose to 422.5 million in 2019, coming to 39% of total Ebitda, with a new target set at 42% for 2023, as defined in the Business plan. The Integrated Governance Index The Integrated Governance Index (IGI) is the only project that quantitatively measures the degree to which ESG factors are integrated into a company's management model (integrated governance). Developed by ETicaNews, with the scientific and legal support of associations and specialised advisors, this year marks the Index's fifth edition. In 2020, the businesses invited by IGI to participate included the top 100 listed companies in Italy, businesses that publish a non-financial statement and the country's top 50 non-listed companies, setting a record for the number of companies analysed. Integrated Governance Index 2020 - Top10 20200715_IGI_2020_eng.1594808925.pdf 2020-07-15 destra 11:45:00 Integrated Governance Index 2020: Hera di nuovo sul podio per la finanza sostenibile

2020-07-06 After being included in the FTSE MIB in March 2019, Hera stock is now listed on this important series of ethical indexes created by FTSE Russell to encourage investment in companies that meet strict environmental, social and governance criteria. Hera now part of the FTSE4Good Index Series, in recognition of the Group's attention towards sustainability After being included in the FTSE MIB in March 2019, Hera stock is now listed on this important series of ethical indexes created by FTSE Russell to encourage investment in companies that meet strict environmental, social and governance criteria. Hera is now part of the FTSE4Good Index Series, a series of ethical indexes conceived by FTSE Russell to bring together the most outstanding companies that, across the world, show active commitment towards sustainable development. Hera's efforts in the area of sustainability, which have always marked its way of doing business, have thus received significant recognition once again, just over one year after the Hera was included in the FTSE MIB, the Borsa Italiana stock index that brings together the 40 largest companies on Piazza Affari. Alongside industrial growth, moreover, circular economy and risk management are the main directives around which Hera's latest business plan was conceived and drafted. Within 2023, the plan expects the amount of shared value Ebitda to increase to 530 million euro, reaching 42% of overall Ebitda. Additionally, investments - set at 2.9 billion euro over the time covered by the plan - concern above all networks and infrastructures, confirming the Group's particular attention towards their resilience to climate change issues, as well as innovation and the quality of the services offered to local areas. The FTSE4Good, created by FTSE Russell to encourage investment in companies that meet globally recognised standards in the area of social responsibility, constitutes an important reference point for creating benchmarks and ethical portfolios. Companies included in the FTSE4Good Index meet strict environmental, social and governance criteria and are therefore potentially better placed to capitalise on the benefits deriving from responsible business conduct. Hera_now_part_of_FTSE4Good_ENG.1594040723.pdf 2020-07-06 13:17:00 2020 Integrated Governance Index: Hera once again ranked at the top of sustainable finance

2020-07-02 Communication of the overall amount of voting rights Bologna, 02 July 2020 - The following table contains the data concerning the shares outstanding and the number of voting rights representing the share capital as at 30 June 2020. Updated situation Previous situation Number of shares constituting the Share capital Number of voting rights Number of shares constituting the Share capital Number of voting rights Total, of which: 1,489,538,745 2,245,438,785 1,489,538,745 2,251,438,785 Ordinary shares (regular dividend rights: 01.01.2019) - cod. ISIN IT0001250932 Current coupon: n. 18 733,638,705 733,638,705 727,638,705 727,638,705 Ordinary shares with increased voting rights (regular dividend rights: 01.01.2019) - cod. ISIN IT0005159972 Current coupon: n. 18 755,900,040 1,511,800,080 761,900,040 1,523,800,080 20200702_Hera_Communication_of_the_overall_amount_of_voting_rights.1593706573.pdf 2020-07-02 16:14:00 Integrated Governance Index 2020: Hera di nuovo sul podio per la finanza sostenibile

2020-06-18 Today, Hera acquired 4,688,231 Ascopiave shares from A2A, equivalent to 2% of the share capital, for a price set at 3.905 euro per share and a total of roughly 18.3 million euro. Today, Hera acquired 4,688,231 Ascopiave shares from A2A, equivalent to 2% of the share capital, for a price set at 3.905 euro per share and a total of roughly 18.3 million euro. The shareholding acquired, which arose out of a market opportunity, follows up on the similar transaction seen on 31 January 2020. In the present case as well, it was carried out jointly with Asco Holding, in order to reinforce the previously existing partnership with EstEnergy. 2020-06-18 12:51:00

2020-06-18 Today, Hera acquired 4,688,231 Ascopiave shares from A2A, equivalent to 2% of the share capital, for a price set at 3.905 euro per share and a total of roughly 18.3 million euro. Hera acquires an additional 2% of Ascopiave share capital Today, Hera acquired 4,688,231 Ascopiave shares from A2A, equivalent to 2% of the share capital, for a price set at 3.905 euro per share and a total of roughly 18.3 million euro. The shareholding acquired, which arose out of a market opportunity, follows up on the similar transaction seen on 31 January 2020. In the present case as well, it was carried out jointly with Asco Holding, in order to reinforce the previously existing partnership with EstEnergy. 20200618_press_release_Ascopiave_shares_ENG.1592478772.pdf 2020-06-18 12:51:00 2020 Integrated Governance Index: Hera once again ranked at the top of sustainable finance

2020-05-13 In a meeting held today, Hera S.p.A.'s Board of Directors assessed the independence of its own members, appointed by the Shareholders Meeting convened for 29 April 2020. Based on statements provided by the Directors and the information available to the Company, all directors, with the exception of the Chairman and the CEO, proved to possess the independence requisites specified by principle 3.C.1 of the Code of Conduct and by article 148 paragraph 3 of Legislative Decree 58/1998. Furthermore, note that the Board of Statutory Auditors, in compliance with Art. 8.C.1 of the Code of Conduct, has verified that all its members possess the independence requisites and has communicated the results of these verifications to the Board of Directors. The members of the Internal Committees were moreover appointed: For the "Executive Committee", Tomaso Tommasi di Vignano, acting as Chairman, Gabriele Giacobazzi, acting as Vice Chairman, Stefano Venier and Alessandro Melcarne were appointed; For the "Remuneration Committee", Gabriele Giacobazzi, acting as Chairman, Monica Mondardini, Fabio Bacchilega and Alice Vatta were appointed; For the "Control and Risk Committee" (which also corresponds to the Committee for Operations with Related Parties), Gabriele Giacobazzi, acting as President, Erwin Paul Walter Rauhe, Lorenzo Minganti and Paola Gina Maria Schwizer were appointed; For the "Ethics and Sustainability Committee", Federica Seganti, acting as Chairman, Filippo Maria Bocchi, Cristiana Rogate and Alice Vatta were appointed. 20200513_cs_nomina_comitati_interni_e_indipendenza_amministratori_e_sindaci_ENG.1589376151.pdf 2020-05-13 14:49:13 Hera Spa

2020-05-08 Kindly note that as of today the minutes of the Shareholders Meeting held on 29 April 2020, as well as the articles of association containing the amendments approved by the Shareholders' Meeting, are available at company headquarters, on the Hera Group's website (https://eng.gruppohera.it/group/), in the section dedicated to Corporate Governance, and on the authorised storage website 1INFO. We also inform that the aforementioned minutes was registered with the Companies' Register of Bologna on 6 May 2020. Copia_di_20200508_pubblicazione_verbale_Assemblea_e_Statuto_ENG.1588928380.pdf 2019-03-28 11:17:00 Integrated Governance Index 2020: Hera di nuovo sul podio per la finanza sostenibile

2020-05-07 The focus of the 2019 Sustainability Report goes to the areas served and the creation of shared value. The Group thus confirms its efforts in responding to today's environmental and socio-economic challenges. Numerous activities introduced this year as well to protect and sustain stakeholders. Hera Group: over 2 billion distributed to local stakeholders The focus of the 2019 Sustainability Report goes to the areas served and the creation of shared value. The Group thus confirms its efforts in responding to today's environmental and socio-economic challenges. Numerous activities introduced this year as well to protect and sustain stakeholders. The Hera Group's 2019 Sustainability Report, which contains economic, social and environmental responsibility data, including a focus on the commitments made, the results achieved and future prospects, is now available on the dedicated webpage.This year, the Group's responsibility comes through even more clearly, given that the Report was drafted during a highly particular moment, during the national health emergency, which saw Hera make the utmost efforts in guaranteeing service continuity, as well as protecting and ensuring the safety of employees, customers and stakeholders in general. The primary emphasis went once again to creating shared value, which refers to Hera's ability to meet the needs of the areas served and rise to the challenges involved in moving towards sustainability. In so doing, an account was given of the amount of Ebitda deriving from the Group's activities that respond to the priorities established by the UN Agenda, in three areas in particular: smart use of energy, efficient use of resources and innovation and contribution to development. Confirmation of the Group's strategic approach: "shared value" Ebitda grows by 13% In 2019, "shared value" Ebitda came to 422.5 million euro, up 13% over the previous year and now equivalent to 39% of total Ebitda. This percentage fully respects the targets set out in the business plan, which expects "shared value" Ebitda to reach 42% in 2023. This indicator measures the progress made towards sustainability, and 20% of variable remuneration for the Group's top management depends on it. As of this year, it is also subjected to verification by an external firm. Over 2 billion euro distributed to stakeholders in local areas The Hera Group's significant role in the socio-economic fabric in which it operates was confirmed. In the areas served, the overall value distributed to workers, shareholders, suppliers, public administrations and local communities rose to 2,131 million, of which 695 million euro went to local suppliers (+10% over the previous year), with an impact on employment coming to roughly 8,400 people. As regards job stability, 96.6% of employees had open-ended contractsin 2019 and 537 new workers were hired. Innovation and sustainable development of local areas: 78 million in investments Investments in innovation amounted to roughly 78 million euro, mainly concentrated on smart cities, circular economy, utility 4.0 and customer experience. In 2019, furthermore, continued efforts were made in developing digital channels for customer relations: downloads of the app My Hera, dedicated to residential customers, more than doubled compared to 2018, reaching 230 thousand. As regards air protection, positive results were seen once again in the emissions of the Group's waste-to-energy plants, which in 2019 as well were 86% lower on average than legal requirements. Furthermore, in the area of soil protection, note that soil reuse in projects implemented by Hera over the year came to 77% of the total. Smart use of energy: Hera reduces its own consumption by 5.1% As regards a smart use of energy, the fields in which the Group's action is focused mainly concern reducing its own energy consumption and that of its customers, in addition to promoting renewable energies and decarbonisation. Internally speaking, the efforts made towards energy efficiency increased in 2019 as well, leading to a 5.1% reduction in the energy consumed in its own activities compared to 2013 (the equivalent of over 11,700 tons of oil equivalent). The target of 5% by 2020 was thus surpassed, one year in advance. Residential and business customers, on the other hand, can rely on a range of offers with solutions in energy efficiency (with 20% of customers taking advantage of them as of the end of 2019), to which the Consumption Log was added in 2019, a free report aimed at raising awareness on energy savings, newly planned in a collaboration with the Milan Polytechnic. In 2019, the Hera Zero Footprint offer was also launched, aimed at decarbonisation. Not only is this offer based on 100% renewable electricity, it also guarantees that the greenhouse gas emissions caused by natural gas consumption will be compensated by carbon credit acquisitions. Within the Hera Group, to reduce the impact of its own activities on the climate, renewable electricity has been used for some time to fuel the operating activities of the Group's main companies over the various areas served. Furthermore, thanks to the S. Agata Bolognese (BO) plant, in 2019 the Group produced 6.5 million cubic metres of biomethane from organic waste. Efficient use of resources: European goals for 2035 already met As regards resource efficiency, the Group further increased sorted waste in 2019, reaching 64.6% in an area served with 3.2 million inhabitants, located in 187 municipalities across five regions. At the same time, the use of landfills dropped once again, settling at 3.4%, against the Italian average of 24% in 2018 (latest data available), reaching and surpassing, almost 20 years ahead of time, the European Union's goal - which considers this to be the last form of waste disposal to be used - set at 10% by 2035. Once again concerning a circular economy, note the increase in recovery of materials and energy in Herambiente's selector plants, coming to 83% in 2019 (77% in 2018). Last year also saw the introduction of important initiatives regarding circularity in other areas, including the Group's water management project, which allowed it to reduce its own water consumption by 5.5%; the distribution of the Consumption Log to a selection of roughly 80 thousand water service residential customers, with the aim of improving their behaviour; and the circular procurement project that aims at introducing the principles of a circular economy into acquisition processes. Numerous initiatives benefitting stakeholders during the Coronavirus emergency Precisely because sustainability and shared value creation are the fundamental levers of the company's strategy, numerous activities were deployed by the Hera Group this year as well, during the health emergency that struck the country, to protect and sustain all stakeholders. These include measures aimed at ensuring health and safety for Group employees, eased terms for customers (families and businesses) in paying bills, and the suspension of service interruption for customers in arrears. It must also be mentioned that the full service continuity offered by Hera guaranteed concrete and stable support for the entire supply and demand chain. Lastly, in order to remain close to the subjects most directly involved, at the forefront in managing the crisis and its social effects, Hera introduced various initiatives in fundraising and donations, with the involvement of employees and customers as well. 20200507_2019_Sustainability_Report_ENG.1590053821.pdf 2020-05-21 11:28:00 2020 Integrated Governance Index: Hera once again ranked at the top of sustainable finance

2020-04-29 The Group continues along its path of growth, creating value for shareholders and local areas. Continuity in governance, with the new Board of Directors confirming Tomaso Tommasi di Vignano as Executive Chairman and Stefano Venier as CEO. The ordinary and extraordinary sessions of the Hera Shareholders Meeting were held in Bologna this morning. Following the resolutions approved, the Meeting appointed the members of the Board of Directors and the Board of Statutory Auditors for the next three years. Furthermore, the 2019 financial statements were approved, as was the ensuing payment of a dividend coming to 10 cents per share. Financial statements approved, with strong growth in results In the ordinary session, the Meeting approved the 2019 financial statements, whose results showed further improvement over the previous year, more than offsetting the significant impact of another partial reduction in incentives for waste to energy plants and lower margins from safeguarded customers. The partnership with Ascopiave, which was finalised in December 2019 and led to the creation of the main energy operator in North-Eastern Italy, will contribute to results as of the beginning of the current year. In particular, 2019 closed with revenues reaching 7,443.6 million euro (+12.3%), Ebitda at 1,085.1 million (+5.2%) and net profits for Shareholders coming to 385.7 million (+36.8%). The Group's path of growth, 17 years after its establishment, continues to balance regulated and free market activities and internal and external growth, achieving significant economies of scale and increasing synergies, thanks to a multi-business approach which over time has proven to be a winning strategy for Hera, now Italy's leading multi-utility by capitalisation. Go-ahead given to a 10 cent/share dividend payment The Meeting thus approved the Board of Directors' proposal to pay a 10 cent/share dividend, reflecting the intention previously announced in the Business plan. The coupon date has been set at 6 July 2020, with payment as of 8 July 2020. The overall 2019 return for Shareholders thus came to 50%, owing to the annual dividend approved and the increase in the value of Hera stock during 2019, sustained by results exceeding expectations and its inclusion in the FTSE MIB index. Further confirmation was thus given to the Group's commitment towards creating value for allstakeholders, with the Business plan calling for a transparent dividend policy, increasing to 12 cents in 2023. The sustainability report: shared value Ebitda at 422.5 million The 2019 sustainability report was also presented during the Meeting. This document shows that the Group's improvement in operating-financial results is accompanied by an increased creation of shared value and positive effects for the areas served, in the interests of local communities and, more generally, all stakeholders, in line with the United Nations' Global Goals. In particular, in 2019 the Hera Group's shared value Ebitda came to 422.5 million euro, accounting for 39% of overall Ebitda (+13% over the 375.2 million seen the previous year). This result perfectly reflects the projections included in the Business plan, which expects this figure to reach 42% in 2023. Appointment of the Board of Directors Furthermore, the members of the Board of Directors were chosen for the next three years (until the Shareholders Meeting called to approve the 2022 financial statements). The results of the vote led the following to be appointed: Majority list (representing Hera's public shareholders agreement): Tomaso Tommasi di Vignano, Stefano Venier, and the independent directors Gabriele Giacobazzi, Monica Mondardini, Fabio Bacchilega, Danilo Manfredi, Lorenzo Minganti, Manuela Cecilia Rescazzi, Marina Vignola, Alessandro Melcarne and Federica Seganti. Minority list: the independent directors Erwin Paul Walter Rauhe, Paola Gina Maria Schwizer, Alice Vatta, Bruno Tani. The CVs of the new directors are available on the webpage: http://www.gruppohera.it/gruppo/corporate_governance/assemblee/ Appointment of the Board of Statutory Auditors As regards the Board of Statutory Auditors, the following were appointed: Majority list (representing Hera's public shareholders agreement): Marianna Girolomini, Antonio Gaiani (standing auditors), Valeria Bortolotti (alternate auditor). Minority list: Myriam Amato (Chairman), Stefano Gnocchi (alternate auditor). The CVs of the new auditors are available on the webpage: http://www.gruppohera.it/gruppo/corporate_governance/assemblee/ Presence of women in the BoD and the Board of Statutory Auditors The composition of the corporate governance bodies fully respects the content of Law no. 160, 27 December 2019, effective as of 1 January 2020. Replacing the previous Law no. 120 (2011), this law raised the percentage of members from at least one third to two fifths as regards both administration and control bodies, and increased the period in which the new criterion for subdivision is valid to six consecutive mandates. The number of women in the Board of Directors comes to 6 members out of 15, and in the Board of Statutory Auditors comes to 1 standing auditor out of 3. As regards the Board of Statutory Auditors, Communication Consob no. 1 of 30 January 2020 clarified, in fact, that in appointing control bodies made up of three standing auditors, the amount required is to be rounded down to the nearest whole number. The other resolutions approved The Meeting also renewed authorisation for the Board of Directors to purchase treasury shares (along with the ways in which they may be used), coming to a maximum amount of 270 million euro over 18 months, while at the same time revoking the previous year's resolution as regards the non-enacted part. This renewed authorisation for the use of treasury shares was requested to pursue the aims permitted by law and market practices, in order to increase the creation of value, within transactions for which new investment opportunities arise, as was the case last year with the merger of Cosea Ambiente and CMV, financed with the treasury shares held. Lastly, the Meeting approved the Report on remuneration and compensation paid, in line with international best practices. Chairman and CEO confirmed The inaugural meeting of Hera's new Board of Directors, appointed during the morning by the Shareholders Meeting, was held in the afternoon in Bologna. This body proceeded to appoint its Chairman, Vice Chairman and CEO. Tomaso Tommasi di Vignano was confirmed as Hera's Chairman, acting as executive administrator. Born in Brescia, he has been at the head of the Hera Group since its creation in 2002, after gaining considerable experience in the telecommunications and utilities sectors. Gabriele Giacobazzi was appointed as Hera's (non-executive) Vice Chairman. Born in Modena, he is the President of Italy's Association of Engineers and adjunct professor at the University of Modena and Reggio Emilia's Faculty of Engineering. The offices he has previously held include President of the Politecnica cooperative, in the planning sector, and he has also chaired the Oice, the National association of planning organisations, affiliated with Confindustria. Stefano Venier was confirmed as CEO. Born in Udine and at Hera since 2004, in the past he held the office of General Director for Development and Market. Previously, Venier covered positions involving increasing responsibility in the Eni Group and within a leading international consulting firm, for which he acted as Vice Chairman for Energy & Utilities from 2002 to 2004. The confirmation of the Executive Chairman and the CEO bears witness to the continuity seen in the Group's governance, which is one of the Hera Group's main strong points. 20200429_Assemblea_Soci_e_nomine_OK_eng.1588170237.pdf 2020-04-29 15:59:00 110_assemblea.1393520601.jpg

2020-04-08 riunione.1501227958.jpg Publication of documents related to the AGM of 27 April 2017 The lists containing candidates for the appointment of the Board of Directors and the board of Statutory Auditors, accompanied by the respective documents required by current norms, registered within the deadline by shareholders in light of the Shareholders Meeting called for 29 April 2020, are available to the public at Group headquarters, in the dedicated section of the company's website (https://eng.gruppohera.it/group/corporate_governance/shareholders_meetings/) and on the authorised storage mechanism1INFO, which can be accessed at www.1Info.it. With the same modalities, the proposed resolutions for items 5 (Determination of remuneration for members of the Board of Directors: related and consequent resolutions) and 7 (Determination of remuneration for members of the Board of Statutory Auditors: related and consequent resolutions) on the Agenda, presented by the majority Public Shareholders, have been made available to the public. 20200408_press_release_publication_of_candidate_lists.1586341765.pdf 2017-04-05 12:29:00 Pubblicazione documentazione inerente l'Assemblea dei Soci del 29 aprile 2020

2020-04-07 Publication of the draft Separate and consolidated financial statements at 31/12/2019 Kindly note that the following documents, approved by the Hera S.p.A. Board of Directors, have been made available to the public at company headquarters, on the website www.gruppohera.it and on the authorised storage platform 1INFO (www.1Info.it): folder containing the draft Separate and consolidated financial statements at 31/12/2019; Sustainability report - consolidated non-financial statement drafted pursuant to decree 254/2016. In the same way, the Hera S.p.A. Board of Directors' Explanatory report for item 2 on the Agenda is also available. 20200407_pubblicazione_bilancio_ENG.1586237417.pdf 2018-04-04 19:20:00 2020 Integrated Governance Index: Hera once again ranked at the top of sustainable finance

2020-04-03 With reference to the Extraordinary and Ordinary Shareholders' Meeting of Hera S.p.A., convened at the registered office in Bologna, Viale C. Berti Pichat no. 2/4, for the day of 29 April 2020 at 10am, at single call, in supplementation of what was already indicated in the Notice of Call published by the Company on 17 March 2020, as well as by virtue of the measures adopted by the competent Authorities aimed at containing, combating and managing the epidemiological emergency caused by the Covid-19 virus, it is noted that, in accordance with Art. 106, paragraph 4 of Italian Decree-Law 17 March 2020, no. 18 ("Decree"), attendance at the Shareholders' Meeting will take place exclusively by the Designated Representative (more specifically Computershare S.p.A.) pursuant to Art. 135-undecies of Italian Legislative Decree no.58 dated 24 February 1998 ("Consolidated Finance Law" - TUF). The aforementioned Designated Representative may also be granted delegations or sub-delegations in accordance with Art. 135-novies of the Consolidated Finance Law, in derogation of Art. 135-undecies, paragraph 4 of that Law. Any physical attendance of the individual shareholders or their delegates, other than the Designated Representative, is therefore precluded. Therefore, each person legitimated to attend at the Shareholders' Meeting must grant a delegation and the respective voting instructions to the Delegated Representative, by completing and signing the specific form, which will be made available, as soon as possible, on the Company's internet website www.gruppohera.it in the section Corporate Governance, Shareholders' Meeting. In light of the foregoing, the methods of granting the delegation to the Designated Representative are indicated below, in partial modification of what is envisaged in the Notice of Call of the Shareholders' Meeting, published on the Company's internet website and disseminated by way of the authorised storage mechanism on 17 March 2020, as well as reported in extract in the newspaper "Il Sole24Ore" on the same date, as follows: Instructions for Granting Delegation and Voting Instructions to the Designated Representative The delegation with voting instructions must be granted, free of charge, by the person entitled to vote, legitimated in the forms of law, to Computershare S.p.A., as Designated Representative, by completing and signing the specific form, which will be made available, as soon as possible, on the Company's internet website www.gruppohera.it in the section Corporate Governance, Shareholders' Meetings or at the Company's registered office, to be sent, by the methods indicated in that form, by the end of the second open market day preceding the date fixed for the Shareholders' Meeting at single call (i.e. by 27 April 2020). The delegation thus granted has effect only for proposals in relation to which the voting instructions have been granted. The delegation and voting instructions are revocable within the same period set out above (namely, by 27 April 2020). No vote by correspondence or by electronic means is permitted. The persons legitimated to attend at the shareholders' meeting (members of the Board of Directors and the Board of Statutory Auditors and the Designated Representative and Secretary) may attend also or exclusively by means of telecommunication which guarantee their identification, as provided by Art. 106, paragraph 2 of the Decree. Resolution proposals by the Shareholders on the items on the agenda In view of the fact that attendance at the Shareholders' Meeting is permitted exclusively by way of the Delegated Representative, to allow the Shareholders to grant complete voting instructions, the persons entitled to vote may formulate to the Company, in writing, resolution and/or voting proposals on the items on the agenda of the Shareholders' Meeting by 13 April 2020 at 3pm by means of certified email sent to heraspa@pec.gruppohera.it. Each resolution proposal must indicate the item on the agenda to which it refers and indicate the specific resolution. Each proponent must communicate its share of investment and indicate the references of the intermediary's communication certifying the legitimacy to attend the shareholders' meeting. The company will publish on its website by 14 April 2020 the resolution proposals formulated by the Shareholders. This is without prejudice to the other information contained in the Notice of Call published on 17 March 2020, to which reference is made. INTEGRAZIONE_all_avviso_di_convocazione_Assemblea_Hera_SpA_29.04.2020_EN.1585837791.pdf 2019-03-28 08:15:00 110x150_heraspa.1475082913.jpg