Press releases

2024-06-11 The Hera Group, through its subsidiary operating in the natural gas distribution sector, strengthens its presence in the area served centrata This morning, at the Hera Group’s headquarters, the Group, acting through its subsidiary Inrete Distribuzione Energia, one of the leading operators in the natural gas distribution sector with over 1.1 million active point of delivery (PoD), and Soelia, a multiservice company wholly owned by the municipality of Argenta (Ferrara), finalised the transaction involving the sale of Soelia’s business unit concerning plants, natural gas distribution networks and related management services. This agreement follows up on the tender called by Soelia and awarded on 15 May to Inrete Distribuzione Energia, which also led this Hera Group subsidiary to acquire Soelia’s 2.85% stake in Sinergas. This transaction further strengthens the Hera Group’s presence in its reference area, thus guaranteeing that an increasingly wide community of citizens benefits from the high standards in service quality, continuity and safety provided by the Group. In particular, Hera has now synergistically consolidated its presence in the municipality of Argenta, near Ferrara, where it already operates the integrated water service. Details of the partnership As of 1 July 2024, the company Inrete Distribuzione Energia will take over from Soelia in the gas distribution service in the municipality of Argenta. Inrete has indeed acquired Soelia’s gas distribution network, which serves approximately 10,000 PoD in the municipality of Argenta with facilities including roughly 240 km of pipelines, 5 high to medium pressure reduction and metering plants, 1 final reduction station and 44 local stations for low pressure reduction. Inrete Distribuzione Energia will take up this management under a renewal agreement, with the commitment of keeping the staff of the company branch acquired from Soelia unchanged. 11:57:00 sede_hera_110.jpg sede_hera_110 (5).jpg

2024-05-15 Kindly note that as of today the minutes of the Shareholders Meeting held on 30 April 2024, 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 09 May 2024. Publication of documents pertaining to the Shareholders Meeting (1).pdf 10:35:00 Nuova_Palazzina_110x150.1533218221.jpg Nuova_Palazzina_110x150.1533218221.jpg

2024-03-29 Thanks to investments totalling approximately 50 million euro, the Hera Group will build a state-of-the-art facility within its own plant complex. Starting from plastic waste that has so far been difficult to recycle, it will produce high quality polymers with characteristics similar to those shown by virgin materials, thus making sectors such as consumer electronics and the automotive industry increasingly sustainable Work has begun in Modena on the construction of one of the most innovative plants in Europe for rigid plastics recycling. The Hera Group, through its subsidiary Aliplast – a leading company in plastics collection, recycling and regeneration – will create a state-of-the-art plant capable of obtaining high quality recycled polymers with characteristics comparable to those of virgin materials obtained from fossil fuels. The total investment made by the Hera Group amounts to approximately 50 million euro, 7.7 of which will be financed with NRRP funding (National Recovery and Resilience Plan). The facility is expected to be completed in late 2025. Construction work recently began within a site where a waste-to-energy plant and a wastewater treatment plant managed by the Group are located. The new plant will therefore operate within a context in which industrial synergies oriented towards sustainability can be created. The project was presented today, with Modena Mayor Gian Carlo Muzzarelli, Hera Group CEO Orazio Iacono and Aliplast CEO Carlo Andriolo present. A state-of-the-art plant capable of producing 30 thousand tonnes of recycled polymers per year When fully operational, the new plant will produce up to 30 thousand tonnes of high-quality recycled polymers annualy from rigid plastic waste, which is among the most difficult to successfully recycle, mainly coming from the consumer electronics and automotive sectors. These polymers, while still being recycled, will be pure enough to be reused in the same original sectors, with a quality similar to the one shown by virgin materials. The method used by Aliplast, in fact, involves upcycling, a kind of regeneration that improves the quality of the initial polymer and thus achieves high quality characteristics. In this way, the plastics leaving the plant will meet needs that until present have been covered almost exclusively by virgin raw materials, and even sectors with a significant environmental impact will be able to increase their sustainability. Suffice it to say that the quantity of plastic recycled in one year by the plant when fully operational will save environmental emissions amounting to approximately 30,000 tonnes of CO2 equivalent. This new plastics recycling plant was designed based on the engineering and technological expertise of NextChem, the Maire Group’s subsidiary for sustainable technology solutions. A production process based on circular resources The new facility will be part of an already consolidated Hera Group plant complex and will thus be able to exploit the potential of different business lines. In particular, it will be powered by the electricity produced by the nearby waste-to-energy plant, while the production process will use the water coming out of the purification plant and later reinject it into the same plant, thus closing a virtuous circle. Lastly, the rigid plastics recycling plant will guarantee high standards of safety and innovation, with automation and highly digitised processes, which will also maximise energy efficiency. The plastics processed will also be zero-kilometre, since the material processed in the plant will be selected mainly from the waste that the Hera Group already processes in its own sorting and recovery lines, through Herambiente, or by involving the local production fabric. The Hera Group’s path to work towards the circular economy and decarbonisation This new rigid plastics recycling plant falls within the path that the Hera Group has been pursuing for some time to promote the circular economy and decarbonisation. In its 2023-2027 business plan as well, the Hera Group confirmed its commitment to supporting the ecological transition of the areas it serves, with initiatives intended for residents, public administrations and industrial customers, based on its extensive set of plants and the know-how it has acquired in various business sectors. In particular, the Group has earmarked 1.7 billion euro to feed projects dedicated to the circular economy and the regeneration of resources, equivalent to 39% of its total investment plan, which amounts to 4.4 billion euro. Moreover, thanks to the development of new state-of-the-art plants such as this one in Modena, the Group aims to further consolidate its position in the waste management area, a sector in which subsidiary Aliplast, already a national market leader in the high quality recycling of PET (polyethylene terephthalate recycled in granules and flakes) and LDPE (low density polyethylene recycled in granules) polymers, aims to play a key role in recycling of rigid plastics as well. "We are proud to present this project that, in addition to strengthening our set of plant, will give a further boost to the important contribution that Hera Group has been making to the Italian recycling industry for years. In the current context, a higher demand is coming from companies for increasingly sustainable solutions for waste treatment and recovery, guaranteeing that the cycle is closed with a view to the circular economy," explains Hera Group CEO Orazio Iacono. " There is therefore a need for new-generation plant capacity nationwide, and we are responding to this need with concrete and innovative projects. In particular, this plant will be a driving force in reaching resource circularity goals, especially in sectors such as the consumer electronics and automotive industries, with the additional aim of promoting increasingly circular and short Italian supply chains. This project is part of the initiatives outlined in the Business Plan to respond to the 2030 goals in terms of circular economy and decarbonization and is an integral part of our path aimed at accompanying the communities served toward the green transition, consistent with our corporate purpose." "With this project, we give further concreteness to the theme of sustainability and ecological transition that is characterizing our commitment to urban and environmental choices," emphasizes the Mayor of Modena, Gian Carlo Muzzarelli. "We are providing the territory with new employment opportunities and a tool to support the circular economy. It is a project that, along with the Hydrogen Valley project that includes Hera’s partnership, highlights how the resources of the PNRR can contribute to achieving the ecological transition, which is also part of the objectives of the Municipality's direct intervention program with the Next Generation Modena plan, which continues to follow the roadmap." loropersito.jpg

2024-03-27 Kindly note that the following documentation, pertaining to the Shareholders Meeting convened for 30 April 2024, is available to the public at the Company headquarters, on the authorised storage website 1INFO (www.1Info.it) and on Hera Group’s website (https://eng.gruppohera.it/group_eng/corporate-governance/shareholders-meetings): Hera S.p.A. Board of Directors’ Explanatory Report regarding item 1 on the agenda - Extraordinary Session Hera S.p.A. Board of Directors’ Explanatory Report regarding item 2 on the agenda - Ordinary Session Hera S.p.A. Board of Directors’ Explanatory Report regarding item 3 on the agenda - Ordinary Session Hera S.p.A. Board of Directors’ Explanatory Report regarding item 4 on the agenda - Ordinary Session Hera S.p.A. Board of Directors’ Explanatory Report regarding item 5 on the agenda - Ordinary Session Hera S.p.A. Board of Directors’ Explanatory Report regarding item 6 on the agenda - Ordinary Session Hera S.p.A. Board of Directors’ Explanatory Report regarding item 7 on the agenda - Ordinary Session Publication of documents pertaining to the Shareholders Meeting of 30 April 2024.pdf 14:51:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2024-03-11 Sustainability, decarbonisation, liveability and biodiversity protection are the keywords of this project, which will be developed in the northern part of the city and will contain a new urban park with facilities, complemented by areas dedicated to protecting animal and plant species, and an agrivoltaic field that will allow an annual saving of 6,000 tons of CO2. The Hera Group is building its first Energy Park in Bologna that combines and puts into practice energy sustainability, decarbonisation, innovation, environmental redevelopment and biodiversity protection. This initiative involves the creation of an advanced agrivoltaic field with photovoltaic panels above ground level, to allow traditional agricultural activity, powered by the clean energy coming from the sun, and an urban forest having green areas with facilities usable by citizens and areas dedicated to animal and plant biodiversity. The Energy Park, a strategic project for Bologna, will be located in the northern area of the city, in the Navile district. The project will be realized by 2026 and represents a fundamental step in the Bologna Climate Mission, the path towards climate neutrality that the Municipality of Bologna is committed to achieving by 2030, which the Hera Group immediately joined. The Energy Park will indeed lead to an annual savings in terms of carbon dioxide coming to roughly 6,000 tonnes: a concrete step taken by the Hera Group towards decarbonisation. The project’s vital statistics The Energy Park will cover a total area of about 50 hectares. On roughly twenty hectares of municipal property, the urban forest will be developed; on the remaining thirty hectares the agrivoltaic field will be built. The advanced agrivoltaic plant combines solar energy production with agriculture and consists of raised photovoltaic panels, installed high enough off the ground so as not to interfere with agricultural activities. In the end, therefore, the same surface area is used twice. The current use of this rural location will be maintained thanks to the use of agrivoltaic technology, which makes it possible to produce clean energy while continuing to use the land for agricultural purposes. The support structures for the photovoltaic panels are positioned at a height from the ground that allows agricultural vehicles to pass underneath, thus minimising land occupation. Energy efficiency is guaranteed by innovative technology, since energy production is maximised by the photovoltaic panels’ ability to follow the sun, automatically orienting themselves towards it. The new plant will have a total capacity coming to around 14 MW and is expected to produce more than 20 GWh of electricity per year, equivalent to the consumption of almost 8,000 households, with annual carbon dioxide savings amounting to roughly 6,000 tonnes. The park that will be open to residents is the other inspiration behind the Energy Park, and is a unique opportunity for the urban redevelopment of the surrounding area, which contains sports centres and residences. This infrastructure will indeed increase the space available for the enjoyment of natural areas or those having naturalistic potential, integrating areas dedicated to plant and animal biodiversity with areas of organised parkland, with bicycle and pedestrian paths open to all. The Energy Park project, for which the Hera Group has obtained a patent, will be the first green infrastructure that combines renewable energy production, soil conservation, the protection of animal and plant species and spaces usable by people. It will also give citizens the chance to participate in the construction of photovoltaic plants by investing in them and receiving in return a discount on their bills equal to the energy produced. The authorisation process for the project is already underway. Construction of the Energy Park is scheduled to begin in 2025, and within 2026 the park will be open and the agrivoltaic plant will be operational. The Hera Group for the energy transition, alongside the communities served The Energy Park is a concrete and innovative example of synergy between renewable energy production, sustainability, agriculture and biodiversity protection, moving towards the decarbonisation of cities. It offers a solution that is fully consistent with the strategy outlined in the Hera Group’s 2027 Business Plan, which as regards the photovoltaic power generation sets the goal of installing about 300 MW over the time covered by the plan. This goal will be achieved preferably through solutions that do not involve further land consumption, such as agrivoltaic plants and a number of projects being implemented on landfills or plants in the Group’s water cycle, as well as installations at customers’ premises, including Renewable Energy Communities. 20240311 PR Hera Group’s Energy Park arrives in Bologna.pdf 11:03:00 energy park per sito.jpg See the press release energy park per sito.jpg

2024-02-13 The Group achieved the leadership band in the CDP questionnaire and was included among “TOP 1%” Multi and Water Utilities of the S&P Global’s Sustainability Yearbook 2024. These recognitions prove Hera’s commitment to sustainable development and creating shared value for local areas. The Hera Group, one of Italy’s largest multi-utilities operating in the waste management, energy and water sectors, has been confirmed among Europe’s leading companies for its commitment and transparency in the fight against climate change. It achieved an “A-” score in the assessment drawn up by CDP (formerly the Carbon Disclosure Project), the international non-profit organisation specialising in evaluating the climate performance and strategies adopted by companies. This achievement above both the energy utilities sector and the European average (both B), comes alongside Hera’s inclusion, for the fourth year straight, in S&P Global’s Sustainability Yearbook, which sees Hera among the 759 best companies in the world for sustainability performance. The CDP score Hera achieved an A- score, showing clear improvement on the B obtained in 2022. It also achieved the highest rating (A) for managing climate change risks and opportunities and for its emissions data, including indirect emissions. All companies were assessed on the basis of their decarbonisation strategy, the effectiveness of their efforts to reduce emissions and climate risks and to develop a low-carbon economy, as well as the completeness and transparency of the information provided and the adoption of best practices concerning environmental impact. The CDP is an independent not-for-profit organisation that provides companies and countries with a system to measure, track, manage and share climate change information globally, and is the gold standard for investors, companies, cities, states and regions. Completing the CDP questionnaire requires measuring and reporting on all performances and initiatives put in place to reduce greenhouse gas emissions. At the request of more than 740 investors with over $136 trillion in assets, in 2023 this data was reported through CDP’s platform by the companies involved. S&P Global’s Sustainability Yearbook The corporate sustainability performance assessment carried out by S&P Global sees Hera within the “Top 1%” of the best-performing companies in the sector. With an ESG score coming to 82/100, as against an industry average of 43/100, Hera has confirmed its leadership in both the environmental and social dimensions, where it recorded the highest score among Multi and Water Utilities. Membership was highly competitive this year; of the over 9,400 companies assessed in the Corporate Sustainability Assessment 2023, divided into 62 business sectors, only 66 are classified as “Top 1%” and Hera is among them. The S&P Global ESG Score measures a company's performance and management of material ESG risks, opportunities, and impacts informed by a combination of company disclosures, media and stakeholder analysis, modelling approaches, and in-depth company engagement via the S&P Global Corporate Sustainability Assessment. 20240213 PR Hera Group among Europe’s leaders in sustainability.pdf 11:03:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2024-02-06 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. 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 Group has thus additionally consolidated its position as the country’s third largest operator in this sector, confirming itself as a key player on the national energy market. Cristian Fabbri, Executive Chairman of the Hera Group: “This result represents yet another milestone in the expansion of our commercial services, and an important element of the Business Plan we recently presented. The consolidated experience we have gained in over twenty years working in the energy sector allows us to offer these new customers all the professionalism of our commercial structures, strongly rooted in most of the provinces assigned by this tender. We have always been committed to providing quality services, along with innovative and sustainable solutions to meet the needs of our customers, both residential and business, accompanying them along the path to decarbonisation and making their consumption more efficient.” 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. In addition to its physical network of helpdesks where customers can request free in-depth energy advice, the Hera Group also offers dedicated call centres, a web platform and an App that allow customers to manage their supplies from the comfort of their own homes and find solutions to make their consumption more sustainable. “Already today, we guarantee that our customers receive certified renewable electricity and ensure that greenhouse gas emissions resulting from natural gas consumption are offset”, adds Isabella Malagoli, CEO of Hera Comm. “We will continue to develop new value-added offers and services for energy saving, digital solutions and innovative technologies, with the aim of increasingly customising our customers’ experience, contributing to sustainable growth in this sector and the country’s energy transition.” Other tenders awarded The 7 lots awarded in the Gradual Protection Service for non-vulnerable domestic customers in the electricity market come alongside other tenders recently won by the Hera Group, once again through its subsidiary Hera Comm, in sectors including gas (last resort supply service, default distribution service and Consip GAS15bis tender for supplying Public Administrations) and electricity (Consip EE21 tender for supplying PAs, Gradual Protection Service for small businesses from 1 July 2021 to 30 June 2024, safeguarded service for 2023-2024, Gradual Protection Service for micro-enterprises from 1 April 2023 to 31 March 2027). The Hera Group is the only operator that currently manages all last resort services for end customers in the gas and electricity markets. 20240206 PR 7 lots awarded in the Gradual Protection Service tender.pdf 13:06:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2024-01-25 With the acquisition of 70% of the Piacenza-based company, the Group reinforces its leadership in the waste management sector. This transaction, at full capacity, is expected to contribute to growth in the Hera Group’s Ebitda with approximately 6 million euro. 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. “This new and significant partnership will make us even more efficient in managing our industrial clients and will strengthen our national leadership in this sector, both in terms of the quantity of waste treated and the number of clients served. The infrastructure provided by TRS Ecology complements Herambiente’s current facilities dedicated to the valorisation of industrial waste, allowing us to expand our scope of action. When it reaches full capacity, we expect to develop significant technical and commercial synergies with the other plants and companies within the Group”, comments Andrea Ramonda, CEO of Herambiente. “After almost forty years of history”, comments Claudio Dodici, Sole Director of TRS, “with this transaction our company has grasped a unique opportunity for growth and a chance to further improve the quality of services for our clients, creating value for all stakeholders. Our absolute priority has always been to make a genuine and ongoing commitment to environmental preservation. This is why we have constantly invested in circularity, which we believe to be a principle of sustainability and it is crucial for us to know that Hera shares the same values and gives the same attention to these issues.” 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. Acting through its subsidiary Herambiente Servizi Industriali, the Hera Group currently operates 19 multifunctional sites dedicated to treating waste produced by businesses, processing over 1 million tons of industrial waste annually. This operation follows up on the M&As already carried out by Hera in recent years, including the 100% acquisition of Recycla (Friuli), the 80% acquisition of Vallortigara (Vicenza), the 31% acquisition of SEA (Marche), the 50% joint venture with HEA (Ravenna) and the 70% acquisition of ACR (Modena). It thus pursues Herambiente’s development plan aimed at providing efficient, innovative, and competitive solutions to its clients in terms of both cost and environmental sustainability. All acquisitions made by Herambiente are aligned with the goal of increasing the proximity and accessibility of plants presenting synergies with the Group’s long-standing network. This is done with the aim of improving efficiency and service quality for businesses, generating positive returns in the areas served and providing economic benefits to clients. PR Hera Group expands in the industrial waste sector.pdf 12:38:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2024-01-24 Development, resilience and creating shared value for stakeholders are at the heart of the Group’s new strategic document, which foresees investments totalling 4.4 billion to speed up the ecological transition and enhance asset resilience to climate change. The preliminary results for 2023 outperform the previous Plan’s goals that have been achieved three years ahead of schedule, thanks to the numerous development actions implemented and the Group’s ability to grasp market opportunities. Business Plan to 2027, operating and financial highlights 2027 Ebitda: 1.650 billion euro (+27% compared to 2022) Five-year investments at 4.4 billion euro Increased return on net invested capital, from 7.9% to 9.5% in 2027 Net debt/Ebitda below 3x over the period covered by the Plan: 2.7x in 2027 7% average annual increase in Earnings per Share Dividends to rise by 28% (up to 16 €cents per share in 2027) Average annual Total Shareholder Return (TSR) at 12%. Business highlights: sustainable growth 2.5 billion euro in investments aligned with the European Taxonomy for Sustainable Investments (98% of eligible investments) Shared-value investments coming to over 70% during the entire five-year plan Increase in shared-value Ebitda, up to over 55% in 2027, reaching 64% of total Ebitda Commitment to reduce total CO2 emissions by 29% within 2027 and by 37% within 2030 confirmed 30% of the investment plan goes towards digitisation and infrastructure innovation 40% of the investment plan contributes to increasing the climate-change resilience of the Group’s infrastructures 10 billion euro distributed over the five-year period 2023-2027 to stakeholders in the areas served by the Group Highlights from 2023 preliminary results Ebitda expected to rise over 1,480 million euro (+14%) Net debt/Ebitda ratio expected to settle below 2.6x (from 3.3x in 2022) Dividend expected at 14 euro cents (+12% over 2022), higher than forecast by the Plan Today, the Hera Group’s Board of Directors, chaired by Executive Chairman Cristian Fabbri, reviewed the preliminary results for 2023 and approved the Business Plan to 2027. Growth in all main key operating and financial indicators, from Ebitda to ROI, earnings per share and dividends, accompanies a focus on financial balance, with net debt/Ebitda ratio stably below 3x. The significant investment plan allocated for the 2023-2027 five-year period will support numerous projects and accelerate activities geared towards strengthening resilience and generating shared value and sustainable development. Hera thus confirms itself as a solid point of reference in its reference markets responding to the challenges of the external context and enabling the ecological, energy and digital transition, the circular economy and resource protection. Preliminary results 2023 Forecast 2023 annual results highlight an Ebitda in excess of 1,480 million euro, up 185 million compared to the 1,295 million euro seen in 2022. This result comes three years ahead of the target set out in the previous Business Plan to 2026 (1,470 million euro), signs highest track record growth and confirms both the strategy undertaken by the Group and its timing in grasping a number of market opportunities that arose in 2023. After the extraordinary conditions seen on energy markets in 2022, the Group’s focus on cashflow and the efficient management of working capital and financial management led to a reduction in the net debt/Ebitda ratio, which is expected to settle below 2.6x, with a clear improvement from 3.3x in 2022. Cristian Fabbri, Executive Chairman of Hera Group: “4.4 billion in investments aimed at industrial development, sustainable growth and resilience underpin our projections of the Ebitda coming to 1.65 billion euro in 2027, up 28% compared to 2022, along with a dividend increase of 5% CAGR. 40% of capex plan will contribute to making our infrastructures even more resilient. A 29% reduction in carbon emissions and our commitment to resource regeneration are concrete examples of our contribution to the ecological transition, and the Ebitda generated by activities that also meet the targets set out in the UN Agenda will rise to 64%. Furthermore, over the five years covered by the Plan we will distribute 10 billion euro to the stakeholders. This Plan fully responds to our Group’s purpose: to generate sustainable value by promoting a ‘just’ transition. The record growth in Ebitda seen in 2023, which we expect to come to over 1.48 billion euro, and the considerable decrease in debt, with the net debt/Ebitda ratio expected below 2.6x, are promising indications and fundamental building blocks of this Business Plan. They are matched by the provisional awarding of more than one million customers in the Italian electricity market liberalization process, allowing us to more rapidly reach 4.3 million energy customers and to consolidate our position as Italy’s third largest operator in this sector.” Orazio Iacono, CEO of the Hera Group: “With Ebitda expected to reach almost 1.5 billion euro in 2023, and financial leverage strongly improving to less than 2.6x, we will meet and exceed the targets set out in the previous Business Plan to 2026 three years ahead of schedule. These results prove the validity of our Group’s strategic vision in seizing market opportunities and our commitment towards sustainable growth in the areas served. This commitment has been confirmed once again by our new Business Plan, with shared-value Ebitda expected to exceed 1 billion euro in 2027, showing a 55% increase in absolute terms over 2022-2027, higher than the growth rate of overall Ebitda, testifying to the growing importance of initiatives that not only generate margins for our company, but are also in line with the objectives found in the UN Agenda. More than 70% of the investments made over the time covered by the Plan will indeed be allocated to sustainability projects that benefit all our stakeholders. Regarding our various businesses, the next five years will see an important contribution to growth in the Group’s results coming from all activities, in particular the waste management sector, thanks to our strategy that leverages a portfolio of global waste services that will further strengthen our leadership in this market, and the networks sector, which will see a significant investment plan, accompanying the areas served towards the green transition.” Business Plan to 2027 The strategic objective underlying the Hera Group’s new Business Plan is to create value benefitting all stakeholders, thanks to financial, environmental and social sustainability objectives, along with a business model and an industrial structure that are resilient to the negative effects of climate change and external market crises. Creating value: 2027 Ebitda up to 1.650 billion and dividend up to 16 €cents (+28%) The projects planned will bring overall Ebitda to more than 1,650 million euro in 2027, with a 355 million euro improvement compared to the 2022 result. Taking into account a number of business opportunities that will no longer be present during the time covered by the Plan and that contributed with roughly 120 million euro to the 2022 result, the growth will reach 475 million euro with an average annual rate coming to 7%. In particular, organic development represents the main driver of growth, coming to 375 million euro, and will be driven by the investment plan, the expansion in liberalised markets, the Group’s ability to offset increases in inflation thanks to efficiencies and innovation, as well as the tariff adjustments recently defined by the Authority concerning all regulated activities. An important contribution is also expected from M&As, coming to 100 million euro and in line with the track record of the Group, which will thus continue to enlarge its perimeter as a consequence of highly fragmented reference markets and its strategy for integration (horizontal or vertical) in the sectors in which it operates. Thanks to these growth targets in economic indicators, the Plan projects an increased return on investment (ROI) coming to 9.5% in 2027, up from 7.9% in 2022. In light of the positive preliminary results expected for 2023, the entire dividend policy was also revised upwards, projecting distribution of a dividend coming to 14 €cents per share as early as June 2024, up 12% compared to the last dividend paid and higher than the expectations of the previous Business Plan (12.5 €cents). More specifically, dividends are expected to increase steadily each year and reach 16 €cents by 2027 (+28% compared to the last dividend paid), with net earnings per share also expected to grow by an average of 7% per year. Based on the current price of Hera stock, this new policy guarantees an average return coming to 5% and offers full visibility for prospective dividends in each year of the Plan. As a result, total shareholder return (TSR), which covers both trends in expected earnings and the yield in terms of dividends, settles at over 12% per year. Sustainable growth to support the ecological transition: shared-value Ebitda at 64% in 2027 and economic contribution to local areas at 10 billion euro The Hera Group has confirmed its focus on the circular economy and decarbonisation, in order to encourage and support the ecological transition of the areas served with initiatives aimed at citizens, public administrations and industrial customers, offering its extensive set of plants and the know-how it has accumulated in various business sectors. The initiatives set out in the Business Plan to 2027 make it possible to project a path that is perfectly consistent with achieving the industrial objectives to 2030 in terms of circular economy and decarbonisation. As regards the circular economy, for example, the route to be followed confirms 2030 targets such as an increase in recycled plastics (+150% compared to 2017) and the reuse of wastewater (reaching 18% of total wastewater by 2030). Concerning the Group’s commitment to reduce carbon dioxide emissions, the ambitious reduction target set at 37% by 2030, already validated by the prestigious international network Science Based Target initiative (SBTi) for emissions coming from both the Group and its customers, has been confirmed, projecting a 29% reduction as early as 2027. In addition, Hera will be three years ahead of schedule in reaching its 2030 target of increasing the share of renewable electricity in total sales to over 50%. With a view to the “just transition”, over the years the Hera Group has placed an increasing focus on generating economic value distributed to all its stakeholders (workers, shareholders, suppliers and PAs). The Group is expected to distribute approximately 10 billion euro over the five years covered by the Plan to the served areas. At the same time, a significant trend will continue to be seen in shared-value Ebitda. Reported and certified by external auditors since 2016, this figure is expected to rise to 64% of the Group’s total Ebitda in 2027, amounting to more than 1 billion euro (roughly 1,049 million, as against 670 million in 2022), in line with the 2030 target of 70%. The 55% increase in shared-value Ebitda, in absolute terms, over the five-year period also bears witness to a strong focus on developing projects capable of combining the company’s growth with sustainable development in the areas served. Balanced growth in the multi-business portfolio and increased resilience The Business Plan expects growth to be equally distributed among the three main lines of business (networks, energy and waste management), maintaining their current balance. Continuity is also expected in the Group’s development model, which has ensured a high degree of resilience in results within all scenarios witnessed over the last twenty years, allowing for uninterrupted growth in both sustainability targets and operating-financial and service performances. Furthermore, 40% of operational investments will contribute to additional improvement in the resilience of the Group’s plants and networks to external factors, including climate change. This involves upgrading infrastructures, implementing predictive processes, remote monitoring and management in order to protect the continuity of the services provided. The flooding that occurred during 2023 in some territories in which the Group provides services demonstrated the considerable level of strength already achieved. Total investments at 4.4 billion euro, with additional projects funded by 400 million in grants coming from the NRRP and other institutions The investment plan amounts to 4.4 billion euro, 48% of which will go to development initiatives and M&As. 55% of investments will be earmarked for regulated businesses, while the remaining 45% will support growth in free-market businesses. The over 870 million euro invested each year on average will accelerate the Group’s commitment to the ecological transition (with roughly 60% of the entire investment plan going to decarbonisation and the circular economy) and to generate sustainable development in the areas served. In this sense, more than 70% of the investment plan will be allocated to initiatives capable of creating shared-value Ebitda. In light of the introduction of the new aspects related to the European Taxonomy, the Group estimates that operational investments coming to 2.5 billion euro (or 98% of eligible investments) will be aligned with the requirements of the European framework, and will therefore be able to gain full access to subsidised sustainable finance instruments, with benefits in terms of financial costs as well. In a constantly evolving and highly dynamic context, Hera also plays an active role in the digital transformation of the communities it serves. More than 30% of the investments set out in the Plan will contribute to the digitisation and innovation of infrastructures, business activities and customer solutions. The investment plan will be fully financed by the positive cashflow, which will also keep leverage below the prudential threshold of 3x, reaching a target of approximately 2.7x by 2027. In addition to the investments financed by the Group over the period covered by the Plan, others are related to the social and economic value of additional works to be carried out in the areas served, thanks to the almost 400 million euro in grants received, equally subdivided between NRRP resources and other institutions. Networks: digitisation, efficiency and sustainability to strengthen infrastructure resilience Ebitda for the network area is expected to increase by 112 million euro, going from 469 million in 2022 to 582 million in 2027. The regulated networks business, which is the Group’s main asset in terms of invested capital (approximately 60% in 2027), will benefit from a substantial investment plan. Amounting to roughly 2.1 billion euro, it is aimed at further enhancing the resilience and digitalisation of infrastructures and maintaining the Group’s leadership in terms of the service quality provided. Of these resources, roughly 1.2 billion will be allocated to the integrated water cycle, while 0.9 billion will go to gas and electricity distribution. Thanks to a regulatory framework that has recently been updated with a new definition of economic returns, recognising increases related to inflation and interest rates, Hera has developed a pipeline of long-term projects with positive effects on the areas served for the years following 2027 as well. These projects will make it possible to accompany the areas served along the ecological transition, in order to achieve the objectives set at national and European level. As the nation’s second-largest operator in the water cycle, the Group has developed a strategy that includes interventions in all localities to address critical issues related to supply in an increasingly drought-affected context and thus preserve the precious resource of water. This commitment has led the Group to achieve increasing levels of efficiency, safety and quality, and these results are responsible for the bonuses recognised by the Regulatory Authority for Energy, Networks and the Environment (ARERA). Various circular economy initiatives have thus been planned to save, recover and reuse water for agricultural and industrial purposes, both at our customers’ facilities and in the Group’s activities and sites. This includes an effective optimisation of purification sludge management and recycling materials from water-cycle waste with dedicated plant engineering and innovative tools. In order to improve the operational efficiency of networks, to increase infrastructural resilience to external factors – especially climate change – and at the same time promote an increasingly efficient management of resources and decarbonise consumption, the Group has planned numerous digitisation and automation projects. The most important call for the use of predictive maintenance models, districtisation and functional modelling, which will make interventions on the systems managed faster and more efficient, benefitting service quality and continuity. The boost given to innovation in this sector will also come from the installation within 2025 of roughly 450,000 second-generation (2G) electricity meters, which will allow consumption to be measured more precisely, 310,000 NexMeter smart gas meters – patented by Hera in 2019, with advanced safety functions in the event of leaks or earthquakes and also usable for “green gas” blends – and 310,000 smart meters for the water cycle. Evolution in the electricity distribution business will also be driven by new requirements concerning electrification of consumption and infrastructure resilience. Thanks to the support coming from digital technologies, the Group plans to increase the network’s hosting capacity, the extension and robotization of primary and secondary substations, the use of predictive models, and greater support to customers to improve awareness of their consumption. Furthermore, in order to contribute to decarbonisation goals for end use in the gas sector, Hera will adapt and optimise its assets to encourage the introduction of renewable vectors, such as biomethane and hydrogen, into the grid. One example of its activities in this area are the tests already successfully launched in Castelfranco Emilia (Modena). In addition, the power-to-gas plant in Bologna, connected to one of the area’s main water cycle purifiers, will make it possible to use purified water to produce first renewable hydrogen and later biomethane, using waste oxygen for purification processes. Among the assets enabling the ecological transformation of the localities served, the Group has included a further development of district heating in its strategy. Hera will invest roughly 150 million euro to maximise the use of renewable sources and optimise existing systems, partially thanks to digital solutions capable of making management automated and efficient, with the goal of increasing the heat produced by waste-to-energy and geothermal sources by 30% within 2027. The projects in Bologna, Ferrara and Forlì are a concrete example of the direction taken and, alone, will lead to a reduction in annual emissions coming to 35,000 tonnes of carbon dioxide. In addition to the investments financed directly by the Group, further projects in the networks sector will be financed by the NRRP and other institutions, coming to over 300 million euro. Energy: partner for the energy transition of the communities served, with integrated services, innovative solutions and a target of 4.3 million customers by 2027 Ebitda for the energy sector is expected to increase by 109 million euro, going from 463 million in 2022 to 571 million in 2027, thanks to an increased customer base and driven by factors including a rich portfolio of decarbonisation services that confirm the Hera Group as an enabler of its customers’ energy transition. The most recent market scenario, characterised by increased volatility in commodity prices combined with a growing sensitivity to the environmental footprint of consumption, has in fact led to a significant increase in demand for decarbonisation services. After twenty years of uninterrupted growth in its customer base, the Group intends to continue to develop this business with a focus on service and innovation, managing one of the most comprehensive customer portfolios available, to increase its market penetration over the next five years. The goals set out in the Plan include reaching 4.3 million energy customers by 2027, with a substantial growth in electricity customers (2.3 million), that will exceed gas customers (2 million), consolidating the Group’s position as the third largest in Italy. More specifically, a significant contribution to expansion in the customer base will come from participating in the tender for the gradual protection service, which has already seen the Hera Group provisionally awarded 7 lots, the maximum allowed, for over 1.1 million electricity customers as of 1 July 2024. The development of new commercial offers and decarbonisation services will also be accompanied by digital solutions and innovative data strategy and artificial intelligence technologies, to optimise and streamline processes and to amplify and personalise customer experience. The range of services enabling the energy transition of the ecosystem also include the technological and environmental sustainability proposals included in the Group’s ESCOs: energy requalification initiatives for public administrations, industry and apartment blocks as well an integrated offer of “green” solutions, including energy services and efficiency, sustainable mobility, public lighting and smart cities. Along a path that has seen many transactions signed with commercial companies in recent years, Hera will continue to pursue its M&A operations aimed at optimising its local presence and integrating its vertical structure in this sector. Finally, as regards photovoltaic power generation, the Group’s goal is to install approximately 300 MW over the period covered by the Plan, giving preference to works on plants that do not involve further land consumption. This includes agrivoltaic plants and the numerous projects being implemented on landfills or plants in the Group’s water cycle facilities, as well as installations at customers’ premises, including Renewable Energy Communities. The two Hydrogen Valleys under construction in Modena and Trieste, which will produce approximately 800 tonnes per year of green hydrogen, will feature photovoltaic parks to power the electrolysers, boosting the decarbonisation of the companies involved and, more generally, the areas concerned while at the same time contributing to the redevelopment of disused areas. To support this strategy, which also aims to increase the value of customer relations and loyalty, a total of 1 billion euro in investments have been earmarked for the energy sector for the 2023-2027 five-year period. Waste management: reinforcing our leadership in the waste cycle, by developing plants and sustainable turnkey solutions with a view to the circular economy Ebitda for the waste management business is expected to grow by 126 million euro, with a total value increasing from 338 million in 2022 to 464 million in 2027, thanks to development driven by both internal and external growth. As part of this plan, the Group aims to further consolidate its national leadership in the waste management area and foresees approximately 1.2 billion in investments, more than half to reinforce its set of plants. The increasing attention paid by institutions towards environmental protection and resource regeneration is creating demand for waste treatment services and circular solutions, driving a greater demand for new-generation plant capacity that is particularly necessary in Italy. In line with this approach, Hera’s Business Plan calls for significant growth in waste management activities, to further develop its set of plants, with the aim of increasing the quality and quantity of sorted waste collection (from 67.8% in 2022 to 77.7% in 2027), as well as guaranteeing service continuity and excellence. In addition, the Group plans to increase its market share by making the most of operational and commercial synergies with recently acquired companies, to expand the variety of waste treated and offer new services. Thanks to over 100 state-of-the-art plants and the creation of new partnerships, the Group expects to reach a total of roughly 5.9 million tonnes marketed in 2027 (+23% compared to 4.8 million tonnes in 2022). In particular, as regards to municipal waste treatment plants, the organic portion will continue to be valorised for the production of biogas and biomethane, in line with the path already initiated, to combine decarbonisation and circular economy. On the other hand, the modernisation of some plants, such as line 4 of the waste-to-energy plant in Padua, will ensure greater capacity for energy recovery from the residual fraction of non-recyclable waste, with benefits for the resilience of the local system, reliability, energy efficiency and greater sustainability in waste management. In the special waste management sector, in which Hera is the Italian market leader and among the top 10 companies across Europe, the Group intends to expand and diversify its “global waste” offer, to better meet the needs of the primary customers served, with comprehensive proposals that include, for example, management of environmental declarations, laboratory analyses, logistics services and equipment. In addition, leveraging our leadership, experience, and the operational capacity of the newly acquired ACR, the Plan calls for development in the portfolio of “global services” dedicated to business customers, which will allow for a significant increase in the value of production, the development of new technologies for the management of remediation, deep soil and decomissioning services, thanks to a consolidation of partnerships already underway with major operators and participation in new tenders. In the plastics recovery market, Group subsidiary Aliplast, one of Italy’s leading operators in the flexible plastics segment, aims to increase its customer base, also at a European level, and to develop new technological and plant engineering solutions to expand the types of recycled products, sustain growth and diversify its reference markets. In particular, with investments coming to over 80 million euro, Aliplast will be able to increase both its plant capacity in the segments already covered (recycled PET for food use and recycled polymers for cosmetics and food) and expand its presence in new markets, also with the aim of promoting increasingly circular and short supply chains. In addition to the rigid plastics recovery plant in Modena, mainly dedicated to the consumer electronics industry, in the innovative plant under construction in Imola, near Bologna, carbon fibre composite materials will be regenerated, with positive spin-offs in terms of sustainability for the automotive, marine and aerospace sectors. Lastly, our Group will continue to pursue M&As in the waste management sector as well, aimed at optimising our market presence and set of plants. CS Hera Group Business plan to 2027.pdf 12:02:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2024-01-22 Corporate events (*) 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: 26 March 2024 – Meeting of the Board of Directors to approve the previous year’s preliminary financial statements. 30 April 2024 – Shareholders’ Meeting to approve the previous year’s financial statements. 14 May 2024 – Meeting of the Board of Directors to approve additional financial information for the period ending on 31 March 2024. 31 July 2024 – Meeting of the Board of Directors to approve the half-year financial report as at 30 June 2024. 13 November 2024 – Meeting of the Board of Directors to approve additional financial information for the period ending on 30 September 2024. 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 20240122 HERA CALENDAR OF CORPORATE EVENTS 2024.pdf 13:24:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2024-01-18 The company reaffirms, once again in 2024, its position among the best performers in human resources management, thanks to substantial investments in welfare, training, and skill development. Hera Group is certified Top Employer for the 15th year in a row, ranking among the top three Italian companies, standing out for employment policies. The Top Employers program this year recognized and certified more than 2,300 Top Employers in 121 countries globally. Awarded by the Dutch Top Employers Institute, a global certifying body for HR excellence, this is among the most prestigious international recognitions for companies meeting high standards in human resources management. The certification is granted after a meticulous and increasingly selective annual analysis, focusing on specific parameters such as remuneration policies, working conditions, career opportunities, corporate culture, training and people development. "We have firsthand witnessed the extraordinary performances of certified companies, and how Top Employers have shown a genuine interest in the well-being of their people. They have committed to improving working conditions, thereby contributing to the collective enhancement of workplace landscapes," stated David Plink, CEO of the Top Employers Institute, at the 2024 certification. Well-being of individuals, training, professional growth, and enhancement of individual skills with a focus on people and their talents: these are the key assets that have earned the Group the recognition. The role of HerAcademy, the corporate university founded in 2011 and the first of its kind in Italy in the multiutility sector, has proved vital. Through competence development, the academy guides individuals and the organization in addressing changes in view of the ongoing energy, environmental, digital, and technological transition. An example is the training center in Ferrara. Hera Group’s multifunctional facility - among the first in the country - is equipped with innovative tools and provides hands-on learning for safe operations on water, gas, and electric networks. A real training ground that offers an ideal space for experimenting and developing specific technical skills. With today’s workforce - more focused than ever on personal wellbeing in view of a better work-life balance - Hera aims at fostering leadership that through trust, full inclusion and constant development guides them through finding the profound meaning in their work. While actively contributing shared value to the company, each individual is indeed a central player in his own growth journey. On the welfare front, involving 99% of the company's population, Hera Group invests over 6 million euros annually. Each worker can allocate his per capita shares for health benefits, insurance, social security, personal services, well-being and income support. The plan is highly flexible, as workers may even convert part of their performance bonuses into services. It is an inclusive plan that leaves no one behind and makes no distinction between contractual levels. "Our people are our main resource, and the recognition we have once again been awarded with this year by the Top Employers Institute only reaffirms the empowerment and training policies we have long embraced," stated Cristian Fabbri, Executive President of Hera Group. "The constant professional and satisfaction growth of Hera Group employees allow us to continue improving the quality and sustainability of our services and to face new challenges, effectively managing even the most complex scenarios." 20240118 PR Hera Top Employer for the 15th Consecutive Year 09:38:00 sede Hera_110X150.jpeg See the press release

2023-12-12 With this agreement, Modena will become a European capital of renewable hydrogen. The goal is to contribute to Emilia-Romagna’s carbon neutrality in an area with a strong entrepreneurial presence, and the greatest benefits will be seen in the mobility sector, local public transport and industry. Modena’s Hydrogen Valley, one of the first and most significant renewable hydrogen development projects designed to contribute to the energy transition in Italy, has been launched. A memorandum of understanding for creating a hydrogen production hub was signed today in Modena’s Town Hall by the Hera Group and Snam, aimed at accelerating the decarbonisation of Emilia-Romagna region. The development of a supply chain for this renewable energy vector, furthermore, will have significant and positive environmental, social and economic impacts in a region with a strong entrepreneurial presence. The document was signed by the Municipality of Modena, the Hera Group, Snam, Seta, Unimore, the Agency for Energy and Sustainable Development (AESS), the Productive Areas Consortium (CAP), the National Agency for New Technologies, Energy and Sustainable Development (ENEA), the Democenter Sipe Foundation and the Modena Chamber of Commerce. Almost all their representatives were present at the signing. The core of Modena’s Hydrogen Valley will be IdrogeMO, the Hera Group and Snam project aimed at building a production hub capable of producing up to 400 tonnes of renewable hydrogen every year, with possible future expansion to increase production. Overall, the planned investment amounts to 20.8 million euro. Considering its significance for the energy transition and decarbonisation, the partnership between the Hera Group, Herambiente and Snam was given a 19.5 million euro grant last April from the Emilia-Romagna Region, allocated under the National Recovery and Resilience Plan (NRRP).   The potential of Modena’s Hydrogen Valley has already been recognised by the mobility sector, with public transport companies Seta and Tper planning to convert part of their fleet to hydrogen-powered vehicles. Similarly, attention towards developing a green hydrogen supply chain has also been shown by the local industrial sector, in particular automotive and hard-to-abate ceramics companies, for the decarbonisation of their production processes. In this context, the Democenter Sipe Foundation will be responsible for getting the market segments in question involved, the Chamber of Commerce will promote projects for proposals and strategic lines of development, and the Productive Areas Consortium will contribute to an analysis of the areas in question. Meanwhile, Unimore, with a pool of researchers, will develop a specialised interdepartmental centre dedicated to hydrogen (H2 MO.RE) The IdrogeMO project promoted by Hera, as lead partner, and Snam will be the core of Modena’s Hydrogen Valley Within IdrogeMO, the companies will have distinct but interconnected roles. Hera S.p.A. will be the lead partner, Group subsidiary Herambiente will be responsible for constructing the photovoltaic plant, and Snam will be in charge of constructing the hydrogen production plant. In particular, the 6-megawatt photovoltaic park, with an innovative solar panel system floating on a stretch of water, will be built at the Municipality of Modena’s depleted landfill, under concession to Herambiente, therefore with no useful land consumption, in line with circular economy principles. The photovoltaic system will power an electrolyser – a device that extracts hydrogen from water through electrolysis – installed in a disused industrial area in Modena. To allow the electrolyser, which has a capacity of 2.5 megawatts, to function even without sunlight and at night, a battery has been designed to store the electricity. Snam will be responsible for building the hydrogen production plant, a vector that this company is developing on several fronts, in line with the EU objectives set out in the Repower EU Plan and relying on its strategic plan to 2026, which includes 1 billion euro dedicated to decarbonisation initiatives. The plant will be managed by a “Special Purpose Vehicle” (SPV), i.e. an ad hoc company controlled by the Hera Group and partially owned by Snam, which will not only produce but also market green hydrogen. The result will be a totally green hydrogen production centre, whose design phase is currently being finalised, while work on the plant is scheduled to begin within 2024. The photovoltaic plant will be completed in 2025 and the hydrogen hub will be ready in 2026. Tenders are currently being launched for awarding supply and works contracts. Contribution to sustainable mobility: the first hydrogen buses will soon arrive The hydrogen produced by the Modena plant will also be sufficient to supply the public transport company Seta, which with NRRP funds has already initiated procedures for purchasing 12 buses, amounting to roughly 50 tonnes per year, fuelling 660 thousand kilometres of routes and consequently a CO2 saving coming to 737 tonnes/year (compared to diesel-powered buses). The possibility of using hydrogen to fuel some buses in Seta and Tper’s fleet in the provinces of Bologna, Ferrara and Modena responds to the need to make mobility increasingly sustainable. It is no coincidence that these local public transport companies have already made commitments to converting part of their fleet to hydrogen. The latter, compared to electricity, offers higher autonomy and is thus considered more suitable for fuelling long-distance vehicles having daily routes, especially suburban buses. The time required to refuel these vehicles is also comparable to the amount for vehicles powered by conventional fuels. 121223 - Modena’s Hydrogen Valley takes off.pdf 13:29:00 IdrogeMO_110.jpeg See the press release IdrogeMO_110.jpeg

2023-11-10 Following Ascopiave’s partial exercise of the put option, the Hera Group, through its subsidiary Hera Comm, now holds 75% of EstEnergy, the largest energy operator in North-Eastern Italy This morning in Bologna, the Hera Group, acting through its subsidiary Hera Comm, and Ascopiave signed a deed of transfer from the latter of a 15% shareholding in EstEnergy, for a counter value of 137.5 million euro. EstEnergy is the commercial joint venture established in 2019 that with over one million customers is North-Eastern Italy’s largest energy operator. This operation results from a partial exercise of the put option held by Ascopiave on its shareholding in the company, as defined in the agreements signed between the parties when the partnership was created. An additional 8% shareholding in EstEnergy was transferred by Ascopiave to Hera Comm on 1 December 2022. As a result of today’s transaction, the Hera Group’s holding in EstEnergy rises to 75%, while Ascopiave’s falls to 25% of the share capital. The right to sell this shareholding remains unchanged, at the previously defined conditions, and the current governance rights are maintained. This transaction will allow the Ascopiave Group to improve the sustainability of its asset structure, consistently with the goals in its strategic plan, contributing to the financial coverage of medium-term investments in core and diversification activities. At the same time, the Hera Group will additionally reinforce its presence in the energy sector, where it is already the third-largest operator in Italy, with 3.8 million customers, to continue generating tangible benefits for customers and the served areas. This transaction, indeed, has made it possible to create new strategic synergies for developing value-added services and working towards decarbonisation and energy efficiency, significantly contributing to achieving the targets set out in Hera’s business plan, also in terms of environmental sustainability. 20231110_Ascopiave transfers EstEnergy shares to Hera Group.pdf 11:01:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-11-08 The first nine months of the year ended with strong growth in all economic and financial indicators, confirming the Group’s solidity and the effectiveness of its multi-business strategy. Respecting the goals set out in the business plan, the Group once again combined corporate growth and the creation of value for all stakeholders, as is proven by net investments and corporate acquisitions, up by more than 18% overall. Financial highlights Ebitda* at 1,006.8 million euro (+15.1%) Net profit attributable to shareholders* at 235.5 million euro (+10.0%) Net investments and corporate acquisitions at 593 million euro (+18.7%) Net financial debt and net debt/Ebitda* ratio show considerable improvement, coming to 4,148.9 million euro and 2.91x respectively ROI also improves, rising to 9% Operating highlights Significant contribution to growth coming from the energy sectors and the waste management area Ongoing growth in the energy customer base, now at 3.8 million, up 8.9% over 12 months Further initiatives for the green transition and increased investments in innovation, reinforcing the resilience of the assets managed Today, the Board of Directors of the Hera Group, chaired by Cristian Fabbri, unanimously approved the consolidated results at 30 September 2023. The first nine months of the year saw rising investments and record results compared to previous years, showing remarkable resilience when faced with extreme weather events in the area served and a global context that remains uncertain and continues to show widespread increases in inflation and in the cost of money. In particular, the significant investments reflect the Group’s commitment to boosting the resilience of the assets managed and its ongoing focus on projects designed to accelerate the green transition, fully respecting its corporate purpose. The good operating and financial performances once again confirm the decisions made by management, based on a low-risk policy and a solid multi-business industrial strategy, balanced between internal growth and external development, and between regulated and free-market activities. Double-digit growth was achieved, along with a 9% return on invested capital. Continuing along its path of uninterrupted growth, with the aim of providing its customers with innovative, competitive and increasingly complete solutions, the Group continued to expand the business areas in which it operates. In the waste management sector, Hera opened a second biomethane production plant in the Modena area and signed a partnership with ACR di Reggiani Albertino, a large company operating nationwide in the remediation, industrial waste treatment, industrial plant decommissioning and oil&gas civil engineering sectors. In IT-TLC, acting with Ascopiave the Group acquired 92% of Asco TLC, later merged by incorporation into the subsidiary Acantho. Finally, in the energy sector, it acquired the Ferrara-based company Tiepolo to construct a photovoltaic solar park in Bondeno, as well as 60% of the Rimini-based company F.lli Franchini, which installs thermal-hydraulic, electrical and photovoltaic systems for business clients. Lastly, Horowatt was established, the NewCo between the Hera Group and Orogel, to construct within 2024 a sustainable, state-of-the-art agrivoltaic plant at this agricultural cooperative’s Cesena facility. Cristian Fabbri, Executive Chairman of the Hera Group: “This period’s results show a relevant creation of value for all stakeholders. In the first nine months we reached over 1 billion of Ebitda, which shows a double-digit growth of 15%. We furthermore increased capex and investments by 19% and achieved a 9% return on invested capital, while continuing to reduce financial debt. All of our businesses contributed to this growth, more than 80% underpinned by Energy supply business due to a 9% increase in customer base, which reached 3.8 million, and further expansion of decarbonisation services. Another significant factor was the contribution coming from last resort markets, which we consolidated in September by winning 17 of the 18 available gas lots. Internal growth and the 5 corporate transactions carried out during these nine months were driven by innovation, resilience, decarbonisation and the circular economy. All of this contributed to an increase in shared-value Ebitda, now over 54% of total Ebitda, which continues to generate incremental benefits for all areas served. We are rapidly following the path for development set out in the business plan, by keeping our business portfolio balanced and seizing opportunities for creating value that allow us to accelerate its implementation.” Orazio Iacono, CEO of the Hera Group: “The effectiveness of our management decisions and our solid multi-business industrial strategy enabled us to achieve positive economic and financial results and, in particular, to further strengthen our leadership in the waste management sector, posting a raising Ebitda and on the back of larger volumes of waste treatments. In a partnership with ACR, which recently joined the Group, we won important concessions in the private oil&gas sector and are participating in tenders to access PNRR funds to reclaim public sites. Thanks to our positive cashflow and strong financial position, we achieved a net debt/Ebitda ratio coming to 2.91x, similar to the one seen before the sharp rise in energy prices. This financial soundness gives us all the flexibility we need to take advantage of new opportunities for development in our target markets. Finally, we are particularly proud of the recognition we received from Arera for the technical quality of our services, particularly in the water business, where we achieved the best performance nationwide.” Revenues at approximately 11 billion At 30 September 2023, revenues amounted to 10,955.0 million euro, slightly down from 14,320.1 million euro at the same date in 2022, mainly due to the decrease of energy commodity prices and lower volumes of gas sold on account of the mild weather in the first half of the year. An increase was seen, instead, in revenues thanks to the higher volumes of electricity sold, commercial development actions, Consip tenders, the safeguarded tenders awarded in electricity, “gradual protection service” lots awarded, higher revenues from “energy efficiency services” linked to incentives in residential buildings and increased activities in value-added services for customers, as well as revenues from the waste treatment business and, above all, to the M&A activity. Ebitda* up sharply to 1,006.8 million Ebitda* for the first nine months of 2023 rose to 1,006.8 million euro (+15.1%), as against 874.8 million euro at 30 September 2022. Of this increase, the contribution coming from the energy areas amounted to 111.8 million euro and the good performance of the waste management area accounted for 11.8 million euro, while 3.5 million euro came from the integrated water cycle and 4.8 million euro from the other services area. Net operating result* rises to 504.6 million euro The net operating result* for the nine months ended 30 September 2023 rose to 504.6 million euro, up 15.5% from 437.0 million euro in the first nine months of 2022, at same growth path signed by Ebitda. Net profit post minorities* up by 10% In September 2023, net profit* rose to 267.1 million euro (+7.5%), up from 248.4 million euro in the same period of 2022, and the tax rate improved to 26.8%. Net profit post minorities* rose to 235.5 million euro, up 10% from 214.1 million euro at 30 September 2022. Strong increase in capital expenditure and M&A In the first nine months of 2023, the Hera Group made net investments including M&A coming to 593.0 million euro (+18.7% compared to the same period in 2022). Operating investments, including capital grants, amounted to 514.0 million euro, up 50.7 million euro year-on-year (+10.9%), and mainly for the development of plants, networks and infrastructures including the large-scale meter replacement in gas distribution and on the purification and sewerage infrastructures. Return on invested capital also improved, with ROI rising from 7.7% to 9%, confirming the Group’s ability to create value. The total amount of net financial debt came to 4,148.9 million euro, down 100.9 million euro compared to the amount seen at 31 December 2022, even after the payment of dividends, due to the cashflow coming from operations, the benefit in net working capital caused by the reduction in the value of gas storage compared to the record values seen in 2022, and the different energy price scenario. The Group’s financial solidity is also proven by the improvement in the net debt/Ebitda* ratio, which now stands at 2.91x, once again below the 3x reference level and in line with Hera’s traditionally prudential policy. Reduced debt and increased returns The total value of the Group’s net financial debt amounted to 4,148.9 million euro, down 100.9 million euro compared to the figure seen at 31 December 2022, fully covering the payment of dividends in June, the significant increase in investments compared to 2022 and the corporate acquisitions completed in 2023. This reduction is mainly due to the significant cashflow from operations in the first nine months of 2023 and the benefits on net working capital ensuing from the reduced value of gas storage and changes in the energy price scenario compared to the previous year. As a result, the net debt/Ebitda* ratio decreased to 2.91x, returning well below the 3x reference level, in line with Hera’s traditionally prudential policy. Financial operations, while showing an increase compared to 2022 due to the impact of financial lines that are currently no longer active and the Group’s greater need for financial flexibility within an energy price scenario that has not yet fully stabilised, benefitted from a 96.5% fixed-rate medium/long-term debt structure. Thanks to the liability management operations carried out in the first half of 2023, the financial structure was optimised in terms of cost and absolutely capable of insuring the Group against potential risks related to volatility in energy commodity markets, while guaranteeing at the same time continuity in operations and the significant investment activity planned. The use of variable-rate loans, linked to revolving bank lines, is activated exclusively for short-term needs and to manage volatility, is a particularly positive element within a context of rising interest rates compared to the previous year. Return on invested capital and on equity also improved, with ROI rising from 7.7% at 30 September 2022 to 9% and ROE increasing from 9% to 10.6%. Gas Ebitda for the gas area, which includes natural gas distribution and sales, district heating and energy services, amounted to 334.1 million euro at 30 September 2023 compared to 377.0 million euro in the same period of 2022, mainly due to a drop in volumes owing to the particularly mild weather in the first part of the year and the focus on energy saving shown by both residents and businesses. This drop was partially offset by increased volumes on last resort markets, the contribution coming from energy services and incentives for energy efficiency activities. In the month of September, the Group was awarded, through subsidiary Hera Comm and for the next two years, 17 of the 18 lots available in last resort gas markets, including 8 out of 9 areas for the last resort service and all 9 lots of the default service, which will take effect as of the fourth quarter of 2023. In the first nine months of 2023, investments in the gas area amounted to 138.1 million euro, up 33.5 million euro compared to the previous year. In particular, the largest investments were made in gas distribution, after the beginning of management of the Udine2 ATEM, following the tender, and in gas sales, involving the acquisition of new customers. Overall investments in district heating and energy services also rose. The number of gas customers reached almost 2.1 million, up (+2%) compared to the previous year, thanks to growth in both traditional and last resort markets. The gas area accounted for 33.2% of Group Ebitda. Electricity Ebitda for the electricity area, which covers electricity generation, distribution and sales, rose to 176.8 million euro, compared to 22.1 million euro in the same period of 2022, a year marked by fluctuating commodity prices. Significant growth was thus seen, in terms of both margins and volumes sold to end customers, especially thanks to commercial development in the free market, innovative offers and value-added services, and the higher margins on the safeguarded service and on 4 lots of the gradual protection services. Furthermore, 4 lots were recently confirmed in the Consip EE21 tender, for supplying electricity to PAs for 12 months beginning in 2024. Margins from services aimed at promoting the decarbonisation of customer consumption, for example by installing photovoltaic systems and promoting electric mobility solutions, also continued to grow. This context includes the recent acquisition of 60% of the company F.lli Franchini, to further increase decarbonisation services in the industrial customer segment, and the beginning of a partnership with the Orogel group to construct an innovative agrivoltaic system serving the Cesena production plant. At 30 September 2023, investments made in the electricity area amounted to 81.3 million euro, up by 28.3 million euro compared to the previous year. In distribution, investments mainly involved non-recurring maintenance and upgrading of plants and networks in the Modena, Imola, Trieste and Gorizia areas, as well as the ongoing large-scale meter replacement and work to improve the resilience of the infrastructure. In the sales area, investments in commercial activities related to the acquisition of new customers increased. The customer base, in fact, saw significant growth compared to the same period in 2022, reaching almost 1.7 million (+18.9%). The electricity area accounted for 17.6% of Group Ebitda. Water Ebitda for the integrated water cycle area, which includes aqueduct, purification and sewerage services, amounted to 209.3 million euro at 30 September 2023, up slightly (+1.7%) compared to 205.8 million euro in the first nine months of 2022. Gross investments made in the integrated water cycle area amounted to 142.0 million euro (89.0 million in waterworks, 34.6 million in sewerage and 18.4 million in purification). These funds went to extensions, reclamation and upgrading on networks and plants, as well as for regulatory adjustments mainly in the purification and sewerage areas. The main investments include, in the aqueduct, the ongoing reclamation on networks and connections, as well as specific renewal and upgrading works intended to counter the risk of water shortages linked to increasingly frequent droughts. Finally, Arera confirmed that the technical quality standards in the integrated water cycle managed by the Hera Group are among the highest nationwide, which led to the recognition of significant bonuses, in line with the Group’s track record. The integrated water cycle area accounted for 20.8% of Group Ebitda. Waste At 30 September 2023, Ebitda for the waste management area rose to 258.0 million euro (+4.8%), up from 246.2 million euro in the same period of 2022. Ebitda for waste treatment services amounted to 212.5 million (up 15.2 million), while Ebitda from collection and street-sweeping services, due to the impact of the newly awarded concessions in Modena and Bologna, came to 45.5 million (down by 3.4 million). These figures include a 15% increase in waste commercialised, due to increases in both municipal and market waste, the excellent performance of energy management, due to the higher contribution coming from the Modena and Trieste waste-to-energy plants, the changed scope of operations due to recent acquisitions, and the positive performance seen in commercial activities, which as a whole offset the increase in costs due to inflation. Throughout 2023, continuity was seen for the main initiatives set out in the business plan in terms of circular economy, from material recovery to renewable energy production. One example is the new plant for biomethane production located in Spilamberto, in the Modena area, born out of a partnership with Inalca, of the Cremonini Group. When fully operational, the capacity of the Spilamberto plant will lead to a 48% increase in the biomethane produced by Hera compared to 2022, and will contribute to achieving the Group's goal of increasing biomethane production to 30 million cubic metres per year. Thanks to the Group’s solid management policies, within a scenario marked by a slight slowdown in inflation, a drop in industrial production and increased competitive pressure in the markets in which it is present, Hera has continued to consolidate its leadership in the waste management sector. This has occurred especially in the industrial and recovery markets, by equipping its plants with the best available technologies and guaranteeing a considerable amount of growth in this sector. With roughly one hundred state-of-the-art facilities capable of treating any type of waste, the Group’s set of plants continues to represent a strategic and distinctive asset in a country that still shows major infrastructural deficiencies in this sector. Protecting environmental resources was confirmed as a priority objective for the Group in 2023, as was the maximisation of their reuse. This is proven by the special attention dedicated to increasing sorted waste collection, which rose to 71.4% at 30 September 2023, up 4.6% compared to the first nine months of 2022, thanks to the introduction of numerous projects in the areas served by the Group. Investments made in the waste management area amounted to 83.4 million euro, and mainly involved maintenance and upgrading on waste treatment plants, optimising collection centres and equipment, as well as investments for the transaction with ACR. The waste management area accounted for 25.6% of Group Ebitda. 20231108_PR Hera Group 3Q 2023.pdf 11:36:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-11-07 fibra carbonio_870.png The Hera Group, through its subsidiary Herambiente, and Leonardo, through its Aerostructures Division, will work together to research the recovery of carbon fibres in polymer matrix composite materials used in aircraft parts. Thanks to the innovative plant built in Emilia-Romagna by the multi-utility and the know-how developed in the Leonardo Group’s laboratories, the precious material will be recycled with positive spin-offs for sustainability and circularity. This marks the start of full-scale testing of a future industrial carbon fibre recovery activity in the aerospace sector using advanced technologies that permit its reuse as a secondary raw material. Through its academic and industrial partnerships, over the years, Leonardo has developed in-depth expertise in recycling materials and processes and, aided by the waste recycling expertise of Herambiente, Italy’s leading operator in the environmental sector, is engaged in closing a circular industry-wide supply chain in this strategic sector. Orazio Iacono, CEO of the Hera Group said: “This partnership, which is entirely consistent with the Hera Group’s goals of decarbonisation and development of the circular economy, is also strategically important in promoting short (reshoring) and circular supply chains in Italy and Europe. These pioneering projects call for alliances where each partner provides resources and expertise to assist in the green transition processes of many domestic industrial champions operating in different business sectors, such as aerospace, automotive, sailing and furniture, to name a few, and thus generate environmental, economic and social benefits for many supply chains.” Stefano Bortoli, Managing Director of Leonardo’s Aerostructures Division, said: “A partnership that not only seeks to recover and regenerate carbon fibre, but also focuses on innovation because it can consolidate and further develop know-how that will make the recycling of carbon fibre-reinforced composites even more efficient. Thanks to this agreement with Herambiente, Leonardo is even more committed to maintaining the circular value of waste, reducing the use of virgin raw materials and using recycled materials for internal applications, as laid out in the Group’s broader Sustainability strategy.” Technological research and innovation are the enabling factors for creating circular business models in line with the Leonardo Group’s sustainability strategy and international multilateral commitments. Circular models and practices are becoming increasingly key to competitiveness by supporting innovative processes and the ability to attract talent. The agreement is strategically significant since Europe is very much lacking in virgin carbon fibre production. Thus, developing supply chains capable of regenerating valuable resources locally will help support the process of European industrial self-sufficiency. Leonardo’s Aerostructures Division will give Herambiente some of the waste fibres from constructing the components of some of the best-known civil aircraft in the commercial aviation sector. To mention a few examples, the stabiliser of ATR turboprops, the fuselage and horizontal stabiliser of the Boeing 787 or, again, the tail planes of the Airbus A220. At the innovative plant under construction in Imola, near Bologna, Herambiente will subject this waste to pyro-gasification, and the (gasified) composite material resins will be separated from the carbon fibres using hot technology. This process, developed with the help of the Department of Industrial Chemistry of the University of Bologna and Curti SpA of Castelbolognese, near Ravenna, will regenerate fibre with performance comparable to new, also based on studies on the subject carried out by Leonardo. The Hera Group is one of Italy’s largest multi-utility companies, operating in the environment, energy and water sectors with more than 9,000 employees. It works daily to satisfy the multiple needs of around five million citizens located mainly in Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Marche, Tuscany and Abruzzo. Listed since 2003, it is one of the top 40 Italian companies in terms of capitalisation (it is listed on the FTSE MIB index) and has been on the Dow Jones Sustainability Index, World and Europe, since 2020. The subsidiary Herambiente is the leading operator in the waste treatment sector. With 100 certified, state-of-the-art plants, over 1,600 specialised operators and a dedicated sales structure, it operates on the national and international market, representing a European benchmark. For more information: https://eng.gruppohera.it/group_eng – https://ha.gruppohera.it/eng Head of Media Relations and Publishing, Hera Group Cecilia Bondioli: cecilia.bondioli@gruppohera.it – ufficiostampa@gruppohera.it, Ph.: +39 051287595 Leonardo is one of the leading Aerospace, Defence and Security (AD&S) industrial companies globally. With 51,000 employees worldwide, it operates in the Helicopters, Electronics, Aircraft, Cyber & Security and Space sectors. It partners in the industry’s most important international programmes, such as Eurofighter, NH-90, FREMM, GCAP and Eurodrone. Leonardo has significant production capabilities in Italy, the UK, Poland, the USA and Israel, operating through subsidiaries, joint ventures and participations, including Leonardo DRS (80.9%), MBDA (25%), ATR (50%), Hensoldt (25.1%), Telespazio (67%), Thales Alenia Space (33%) and Avio (29.6%). Listed on the Milan Stock Exchange (LDO), Leonardo recorded EUR 17.3 billion in new orders in 2022, with an order backlog of EUR 37.5 billion and consolidated revenues of EUR 14.7 billion. Included in the MIB ESG index, the company has been part of the Dow Jones Sustainability Indices (DJSI) since 2010. For more information: www.leonardo.com Press Office Ph.: +39 0632473313 leonardopressoffice@leonardo.com PR Hera Group and Leonardo for carbon fibre recovery.pdf 11:04:38 fibra carbonio_110.jpg See the press release fibra carbonio_110.jpg

2023-10-19 Biorg_CS_870.jpg Thanks to a 28 million euro investment, the NewCo Biorg, born out of a partnership between Herambiente and Inalca, has created an outstanding example of the circular economy, converting an old biodigester into a state-of-the-art plant transforming organic and food processing waste into 100% renewable methane and compost. The 3.7 mcm of green gas and 18 thousand tonnes of compost produced per year represent a significant contribution to the green energy transition The inauguration of the innovative biomethane production plant built by NewCo Biorg took place today in Spilamberto, in the province of Modena. This company is the result of a partnership between Herambiente (Hera Group), one of Italy’s largest multi-utilities and the foremost operator nationwide in the waste management sector, and the company Inalca (Cremonini Group), an Italian leader in meat production and food distribution. Thanks to an overall investment coming to approximately 28 million euro and the use of the best technologies currently available for treating sorted organic and food processing waste, when fully operational the plant produces 3.7 million cubic metres of biomethane, a 100% renewable fuel for automotive use, and roughly 18 thousand tonnes of compost every year. The ribbon-cutting ceremony was attended by the vice-president of the Emilia-Romagna Region with a mandate for the Environment, Irene Priolo, the Mayor of Spilamberto, Umberto Costantini, the Chairman and CEO of Biorg, Giovanni Sorlini and Paolo Cecchin, respectively, the CEO of the Hera Group, Orazio Iacono, and the CEO of Inalca, Paolo Boni. A state-of-the-art plant for the energy transition and the circular economy 100% renewable natural gas is produced at the Biorg plant in Spilamberto from both the anaerobic digestion of organic waste, coming from the sorted waste collection carried out mainly in Modena and the surrounding area, and waste from the processing carried out by the local agricultural industry and Inalca’s meat production process. Once refined, it becomes biomethane and can be injected into the gas network. Organic waste thus returns to the service of the community in the form of renewable fuel that, when injected into the network, fuels public and private city transport, thus helping a sector increasingly exposed to the issue of carbon dioxide emissions. The plant’s annual production, coming to 3.7 mcm of biomethane, is enough for a methane-powered car to travel 52 million km. The plant is therefore an excellent example of the circular economy, because it allows not only energy to be recovered, but materials as well. The waste coming out of the anaerobic digestion process, technically referred to as solid digestate, instead of being disposed of, is in fact recovered after being transported to the Biorg composting plant in Nonantola (Modena province), to produce compost that can be used as a biofertilizer in agriculture. This project is also an effective example of industrial synergy, with biomethane production and composting taking place in two perfectly complementary and integrated plants. Furthermore, it demonstrates that only innovation can generate competitive sustainability, not only reducing the environmental impact but at the same time creating added value for the entire livestock supply chain. Significant environmental benefits: approximately 7,000 tonnes of CO2 avoided every year Thanks to the biomethane injected into the grid and its use by motor vehicles, significant environmental benefits are also expected. Each year, approximately 3 thousand tonnes of oil equivalent (TOE) of fossil fuel will be saved, and approximately 7 thousand tonnes of CO2 emissions will be avoided. To absorb this amount of CO2, an average of 280 thousand trees would be needed. Moreover, constructing the Spilamberto plant did not involve any usage or consumption of new soil, since it is the result of the conversion of an old biodigester owned by the Municipality of Spilamberto and managed by Herambiente, thus making the most of a previously existing site. This amounts to zero square kilometres, but also “kilometre zero”, because the on-site production of compost creates added value for the entire livestock chain. Fertiliser deriving from recycled biodegradable waste and recovered food industry by-products, from the point of view of its production process and quality, guarantees equivalent or superior characteristics compared to fertiliser produced through other industrial processes, even when used in a pure form, and makes it possible to reduce dependence on foreign suppliers. Hera Group: a commitment to decarbonisation In order to formulate a concrete response and reduce climate-changing emissions, thus moving towards carbon neutrality, the Hera Group has included various development measures in its business plan to make an important contribution to the green transition and achieve its decarbonisation objectives. More specifically, the Group has reserved a key role for this sort of renewable fuel, and was in fact the first in Italy to build a state-of-the-art plant in Sant’Agata Bolognese, in 2018, for the production of biomethane from the organic portion of sorted waste collection. Approximately 20 thousand tonnes of compost and around 8 million cubic metres of biomethane are obtained annually, with a yearly saving coming to over 6 thousand tonnes of oil and a reduction in CO2 emissions amounting to roughly 14,600 tonnes. When fully operational, the capacity of the Spilamberto plant will result in a 48% increase in the amount of biomethane produced by the Group compared to the final figure for 2022 (7.7 million cubic metres produced in Sant’Agata Bolognese alone). At Group level, the goal is to increase biomethane production to 30 mcm per year by 2030. Inalca (Cremonini Group): integration and circular economy for sustainable business development Inalca has always adopted a pragmatic approach to sustainability issues, considering them as a strategic business asset and part of the company’s economic value, and has been able to create a fully integrated beef chain that includes breeding, processing and distribution. Its business model aims to fully exploit this supply chain on the basis of circular economy principles. The new biomethane production plant represents a further step in this direction and is an example of the company’s full local integration, in addition to achieving a complete valorisation of the by-products deriving from meat production activities. Through its partnership with the Hera Group, Inalca will also be able to rely on a further portion of organic fertilisers to improve the fertility of farmland and support the increasingly widespread adoption of regenerative farming techniques. Inalca, with the aim of decarbonising its activities, has for some time been self-producing approximately 90% of the energy it uses, about a quarter of which comes from renewable sources. This is possible thanks to 2 biomass cogeneration plants, 6 methane cogeneration plants, 2 biogas plants fuelled by industrial waste coming from its factories, 4 biogas plants from agricultural waste, over 22,120 photovoltaic panels installed on 13 factories, 1 biomethane plant and 1 composting plant. "In the 1990s the Municipality of Spilamberto started a plant that was necessary to dispose of sewage produced by intensive livestock farms which previously was spread across the land causing the poisoning of groundwater," - intervenes the Mayor of Spilamberto, Umberto Costantini. "Unfortunately, the plant never worked as imagined and this failure would therefore lead to a considerable waste of public money. However, thanks to Hera and the Cremonini Group, we have moved from a failure to a success story. Today Spilamberto is the best municipality in the province under Hera management in terms of quantity, quality and percentage of separate waste collection. The great effort in increasing separate waste collection made in recent years in Spilamberto and in many municipalities that have followed our example has led to a significant increase in the organic fraction of waste and the consequent need to treat it more virtuously than in the past. We are succeeding. The next challenges will be to focus on minimizing the odour impact resulting from these treatments for the benefit of those who live around it, but I am sure that Biorg will be as cooperative as it has been up to now in taking care of our plant and its surroundings. It's not enough to talk about circular economy, it has to be done, and here in Spilamberto I am happy to say that we are doing it." “The inauguration of the Spilamberto plant, born out of this partnership between Herambiente and Inalca, is a concrete example of the circular economy and environmental sustainability”, remarks the Vice-President of the Emilia-Romagna Region, Irene Priolo. “Biomethane provides an important opportunity to reduce the use of fossil fuels and alleviate the energy footprint of our region. The ecological conversion,” she continues, “requires a new model for development centred around a recognition of the enormous value of raw materials, which must be saved, and the importance of recovering waste and putting it at the core of new production processes. This is a fundamental turning point in establishing increasingly strong and effective actions to mitigate and adapt to climate change”. “This new plant intended for biomethane production, with an outstanding partner such as Inalca, represents a significant achievement for the circular economy and an additional step forward for us in producing biomethane on an industrial scale”, states Hera Group CEO Orazio Iacono. “The challenges of the future require utilities like ourselves to make an increasingly decisive commitment, which we intend to translate into concrete projects through investments that allow us to accompany citizens, businesses and public administrations along the green transition and, in this case, the environmental transition, with an increasingly well-distributed and inclusive model for the development of the social and industrial fabric. We must move forward without hesitation by transparently addressing the challenges posed by climate change and energy security, which are the crucial issues underlying our multi-business strategies. That is why we have also included in our business plana range of solutions for promoting renewable energy sources, energy efficiency, circular economy and infrastructure innovation.” “The construction of this plant, in partnership with a company such as Hera, equipped with significant know-how and advanced technology, represents an important step towards consolidating and strengthening Inalca’s integrated and sustainable production model”, explains Paolo Boni, the company’s CEO. “This new plant, in fact, makes it possible to fully valorise processing waste deriving from our production activities and is an additional step forward in the circular economy process. Furthermore, an effective industrial synergy being created with the production of biomethane and composting in two plants that perfectly complement each other, demonstrating that by efficiently combining innovation and integration processes, we can increase our level of sustainability and reduce environmental impacts, while at the same time ensuring greater value for the livestock business. Lastly, this model for partnership is consistent with Inalca’s investment strategy, aimed at building additional biomethane and photovoltaic plants on its farms, increasing its production of renewable energy and its commitment to combating climate change”. 20231019_Inauguration of Biorg production plant.pdf 14:05:00 Biorg_CS_110.jpg See the press release Biorg_CS_110.jpg

2023-10-03 (drafted pursuant to article 85-bis, paragraph 4-bis, of Consob Regulation 11971 / 14 May 1999) Bologna, 3 October 2023 - The following table contains the data concerning the shares outstanding and the number of voting rights representing the share capital as at 30 September 2023. 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 2,229,225,313 1,489,538,745 2,229,220,858 Ordinary of shares (regular dividend rights: 01.01.2023) - cod. ISIN IT0001250932 Current coupon: n. 22 749,852,117 749,852,177 749,856,632 749,856,632 Ordinary of shares (regular dividend rights: 01.01.2023) - cod. ISIN IT0005159972 Current coupon: n. 22 739,686.568 1,479,373,136 739,682,113 1,479,364,226 10_2023_Communication overall amount of voting rights art 85-bis.pdf 12:10:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_1_110x150_s1.jpg

2023-09-27 Hera S.p.A. hereby announces that, following the resignation, effective from 19 June 2023, of the director Lorenzo Minganti, the Company’s Board of Directors, which met today, has appointed Enrico Di Stasi by co-optation. Mr. Enrico Di Stasi, who was co-opted pursuant to Article 2386 of the Italian Civil Code, as well as Article 17.10 of the Company’s Articles of Association, following his appointment, qualifies as a non-executive and independent director and, pursuant to the information available, holds no shares in the Company. Finally, note that Mr. Enrico Di Stasi has also been appointed as a member of the Company’s Control and Risk Committee. Enrico Di Stasi’s full curriculum vitae may be consulted on the Company's website, at https://eng.gruppohera.it/group_eng (section: Governance/ Board of Directors). 20230927 Appointment by co-optation of new BoD member.pdf 12:44:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-09-27 The merger deed was signed today and follows the acquisition, last March, of 92% of Asco TLC by the Hera Group subsidiary and Ascopiave. The transaction will strengthen Acantho’s position in the IT-TLC sector, making it a multi-regional operator The Chairman of Asco TLC, Alessandro Aiello, and the Chairman of Acantho, Roberto Vancini, signed the deed of merger by incorporation of Asco TLC into Acantho this morning in Bologna. As of 1 October 2023, the latter company will take over the management of telephone and data centre services involving an infrastructure with 326,600 km of fibre optics owned, 4 data centres available (Imola, Siziano, Santa Lucia di Piave and San Vendemiano), and approximately 9,000 customers. This merger follows up on the acquisition of 92% of Asco TLC by Acantho, a subsidiary of the Hera Group, and Ascopiave, finalised on 14 March 2023 and a result of the public tender procedure called by Asco Holding. Following the transaction, the Acantho shareholding will have the following breakdown: Hera S.p.A. 70.16%, Con.AMI 16.84%, Ascopiave 11.35% Province of Treviso 1.65%. This transaction not only represents for the Hera Group and the Ascopiave Group a strategic step in the evolution of their ICT business portfolio, in line with their respective business plans, it will also enable the new Acantho to create significant operational and commercial synergies and to provide customers with increasingly broader, more efficient, innovative and competitive solutions in terms of both costs and sustainability. Asco TLC and Acantho, indeed, are companies that share many common features, not only from an industrial perspective, but also in terms of their path of development and the type of ICT services offered to their customers. The aim of incorporating Asco TLC's infrastructure assets and advanced expertise into Acantho is to expand the range of services offered in the IT and telecommunications sector. This will lead to growth in business activities, especially in the high-density industrial sector, where the company already operates through other business lines. More specifically, the merger will help improve supply relationships with citizens and companies in the geographical areas served, enabling Acantho to offer commercial proposals that use the most advanced current technology. These proposals will be integrated and made flexible, to meet the different needs of customers and stakeholders, including high-performance and reliable connectivity, telephone and data centre services. “We are excited to announce the completion of the merger by incorporation of Asco TLC into Acantho, which marks a significant step in our strategic growth and development. This merger allows us to combine our resources, skills and talents to offer even more innovative solutions to our customers and create added value for our shareholders. We are confident that this union will position us strongly and competitively in the markets in which we operate, and we are enthusiastic about working together and facing new challenges so as to build a successful future,” stated Alessandro Aiello, General Manager of Acantho. “The transaction we have concluded today will make it possible to achieve, in the most effective way possible, the potential industrial synergies arising from the integration of the companies involved, within an increasingly competitive market that requires continuous improvement in commercial proposals for regional authorities, companies and local users”, stated Nicola Cecconato, Chairman, CEO and General Manager of the Ascopiave Group. 20230927 MERGER OF ASCO TLC INTO ACANTHO.pdf 12:25:00 ASCO TLC - ACANTHO 110.png See the press release ASCO TLC - ACANTHO 110.png

2023-08-02 Bologna, 2 August 2023 – The following table contains the data concerning the shares outstanding and the number of voting rights representing the share capital as at 31 July 2023. 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 2,229,220,858 1,489,538,745 2,229,286,858 Ordinary shares (regular dividend rights: 01.01.2023) – cod. ISIN IT0001250932 Current coupon: n. 22 749,856,632 749,856,632 749,790,632 749,790,632 Ordinary shares with increased voting rights (regular dividend rights: 01.01.2023) – cod. ISIN IT0005159972 Current coupon: n. 22 739,682,113 1,479,364,226 739,748,113 1,479,496,226 08_2023_Communication overall amount of voting rights art 85 bis.pdf 14:31:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-07-27 The merger leads to the strengthening of Acantho's position in the IT-TLC sector: thanks to Asco TLC's cutting-edge skills and infrastructure, the digital company expands its assets and services, becoming a multi-regional operator able to provide its customers with more innovative, efficient, reliable and competitive solutions, both in terms of cost and sustainability. The Hera Group and the Ascopiave Group have today approved the merger of Asco TLC into Acantho at the extraordinary shareholders' meetings of the subsidiaries held today. The expected contribution to the growth of Acantho's EBITDA, and thus to the Hera Group's consolidated EBITDA as parent company, is at least EUR 4 million, to which the resulting synergies will be added. The merger follows the acquisition of 92% of Asco TLC finalised by Acantho and Ascopiave on 14 March 2023 and the previous awarding of the public tender procedure called by Asco Holding. Asco TLC, a company active since 2001 in the provision of ICT services mainly to corporate customers and public administrations, has a significant proprietary territorial network, located in the Veneto and Friuli-Venezia Giulia regions for more than 2,200 km of fibre optic backbones, 56 radio links and 24 xDSL exchanges in unbundling, and provides its services to more than 2,700 customers. Acantho, the digital company controlled by the Hera Group, with over 7,000 customers, started over two decades ago, the development of a proprietary ultra-wideband fibre optic network, stretching over 238.000 km, and provides, also to the parent company and other companies, data centre, telephony and connectivity services, in particular with solutions in primary and secondary data centre management, networks connecting offices, internet access, fixed and mobile telephony, Internet of Things (IoT) applications for distribution network and meter management, radio infrastructure for meter and network node remote reading, network remote control platforms and digital transformation. There has always been a constant focus on sustainability by Acantho, which self-produces 30% of its data centre's energy needs, with a 20% reduction in CO2 emissions into the atmosphere. The merger by incorporation of Asco TLC into Acantho represents for the Hera Group and the Ascopiave Group a strategic step in the evolution of the business portfolio in the IT-TLC sectors, in line with their respective industrial plans. Moreover, it will allow the birth of a multi-regional player with significant operational and commercial synergies and important benefits also for customers, who will receive a dedicated communication as soon as the effective date of the merger will be defined, approximately in autumn 2023. The expected industrial benefits of the merger Thanks to the integration of Asco TLC's infrastructural assets and cutting-edge skills into Acantho, the Hera Group expects to expand its range of services in the information technology and telecommunications sector, with consequent commercial development, particularly in its reference territory, with a high industrial density, where it already operates with other businesses. The transaction is part of the multi-utility's development path, which aims to provide its customers with increasingly broader, more efficient, innovative and competitive solutions in terms of both costs and sustainability. In particular, the merger will bring added value to supply relations with the citizens and companies of the territories served, enabling the Hera Group to offer business proposals at the technological frontier, integrated and flexible to the various needs of customers and stakeholders, including connectivity, telephony and data centre services of high performance and reliability, also guaranteed by high seismic-resistance structures, and state-of-the-art anti-flooding, fire-fighting and alarm systems. "The incorporation of Asco TLC into Acantho, and therefore within the Hera Group, gives us the opportunity to make the most of the potential and specialist excellence of the two companies. In addition, the operational integration of the IT-TLC business activities of our multi-utility and Ascopiave will lead us to consolidate the proposal of Information and Communications Technology (ICT) services on the territory, with an increasingly tailor-made and flexible offer for customers, including the same companies controlled by the two groups. The sharing of assets, skills and solutions will also enable us to be able to respond more effectively and efficiently to the main trends in the ICT market, which is moving towards a greater demand for advanced products and integrated security services, both at network and systems level," said Alessandro Aiello, General Manager of Acantho. "The transaction we have concluded today will make it possible to harness, in the most effective way, the potential industrial synergies arising from the integration of the companies involved, in an increasingly competitive market context that requires a continuous improvement of commercial proposals for local authorities, companies and users," said Nicola Cecconato, Chairman, CEO and General Manager of the Ascopiave Group. 20230727_Merger ASCO TLC into Acantho.pdf 17:30:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-07-26 The consolidated half-year report at 30 June shows growth in all main operating-financial indicators, confirming Hera’s financial solidity and once again demonstrating the effectiveness of the choices made by management. The Group continues to pursue the goals set out in its Business Plan, combining corporate growth and sustainable development, with value created for all stakeholders, first and foremost the local communities served. Financial highlights Ebitda* at 718.3 million euro (+13.8%) Net profit attributable to shareholders* at 187.7 million euro (+2.4%) Overall investments rise to 403.4 million euro (+22.4%) Net debt at 4,145.7 million euro, down by 104.1 million euro compared to the 31/12/22 figure, with net debt/Ebitda* ratio at 3x Business highlights Significant contribution to growth from the energy sectors, the waste management area and the water business Ongoing growth in the energy customer base, which rose to over 3.7 million, up 7.9% in 12 months Further development of initiatives for the energy transition and the circular economy, thanks to state-of-the-art plants and increasingly green services Today, the Board of Directors of the Hera Group, chaired by Cristian Fabbri, unanimously approved the consolidated results for the first half of 2023. The first half of the year ended with operating results and investments up compared to the previous year, although in the first months of 2023 some of the served areas were affected by extreme weather phenomena and the uncertain global context continues to generate volatility in commodity prices, a generalised rise in inflation and an increase in the interest rates. The consolidated half-year report at 30 June, indeed, shows positive operating and financial performances, demonstrating once again the Group’s financial solidity and strength of its business model, balanced between internal and external growth and between regulated and free market activities. In addition to creating value for all stakeholders, the increase in operating investments compared to the first half of 2022 provides evidence of Hera’s ongoing focus on improving and strengthening the resilience of the assets it manages, with positive impacts on the quality and continuity of services in the areas in which it operates. Cristian Fabbri, Executive Chairman of the Hera Group: “The first half of 2023 closed with substantial growth in results, with Ebitda reaching 718.3 million euro, up 13.8%, mainly due to the overall contribution coming from the energy area, which also saw an increase in services for decarbonisation, while growth in the waste management area confirms our commitment to the circular economy. The results for this half-year see us moving rapidly towards achieving the goals set out in our Business Plan and are the fruit of our consolidated multi-business strategy, which has always been geared towards combining corporate growth with the sustainable development of the local ecosystem. This is additionally confirmed by the 22% rise in investments, both for developing the Group’s industrial assets and for M&As that focus on growth towards the ecological transition, innovation and resilience. Our business model is capable of continuously innovating while maintaining strong local roots, and has allowed us to once again respect the commitments made to our shareholders, to whom a dividend up by 4.2% was paid last month, consistent with what was announced during the presentation of the Business Plan to 2026.” Orazio Iacono, CEO of the Hera Group: “The consolidated half-year financial report at 30 June shows significant growth in Ebitda, with a contribution coming from all business areas, in particular the energy sector with 239 million euro (+30%) and the waste management area with 162.9 million euro (+8%), and increased investments and M&A transactions, amounting to over 400 million euro. All of this was made possible by a significant cash generation and a solid financial position. The financial structure was further reinforced during the first half of the year by sustainable sources of financing on favourable terms, including the issue of a sustainability-linked bond, a new revolving credit line and a recent EIB loan. These initiatives allowed us to maintain our net debt/Ebitda ratio at roughly 3x, in line with the previous half-year and the targets defined.” Revenues at 8.3 billion In the first half of 2023, revenues amounted to 8,297.5 million euro, as against 8,896.0 million euro at 30 June 2022, mainly due to the drop in energy commodity prices and lower volumes of gas sold, as a result of the mild weather in the first half of the year. Revenues related to the higher volumes of electricity sold, instead, were up, thanks to commercial development actions, Consip tenders and the lots awarded in the protected and gradual protection services, as well as higher revenues from energy services, in which opportunities related to energy efficiency incentives in residential buildings and increased activities in value-added services for customers remained. A positive contribution also came from revenues in the waste management sector, due to increased treatment activities and acquisitions in the industry market. Ebitda* rises to 718.3 million euro Ebitda* for the first half of 2023 rose to 718.3 million euro (+13.8%), compared to 631.2 million euro at 30 June 2022. This increase is mainly due to the overall contribution coming from the energy areas, amounting to 68.1 million euro, and the positive performance of the waste management area, up by 12.2 million euro. Also note the resilience shown by Ebitda for regulated network services, with particular reference to gas distribution and the integrated water cycle, thanks to the increase in recognised revenues and operating efficiencies that offset the higher costs related to inflation. Net operating result* grows The net operating result* at 30 June 2023 rose to 374.7 million euro, up 11.9% compared to the 334.9 million euro seen one year earlier. This performance remained positive even after higher depreciation and amortisation, due to the significant increase in investments, and conservative provisions for bad debts, due to the increased turnover in last resort markets. Financial charges increased, mainly due to the medium- and long-term credit lines stipulated in 2022 and the significant change in the interest rate scenario, which saw a significant increase in the cost of money. Net profit attributable to shareholders* up to 187.7 million euro Net profit* rose to 208.0 million euro (+3.1%), compared to 201.7 million euro in the first half of 2022, with a tax rate coming to 26.8%. Net profit attributable to Group shareholders* totalled 187.7 million euro, up (+2.4%) from 183.3 million euro at 30 June 2022. Strong growth in operating investments and Group solidity reinforced In the first half of 2023, the Hera Group made investments and corporate acquisitions totalling 403.4 million euro (+22.4% compared to the same period in 2022). Operating investments, including capital grants, amounted to 318.4 million euro, up by 31.3 million euro compared to the previous year (+10.9%), and were mainly related to the development of plants, networks and infrastructures. In addition, regulatory upgrading mainly concerned gas distribution, with a large-scale meter replacement, and the purification and sewerage area. The total amount of net financial debt came to 4,145.7 million euro, down 104.1 million euro compared to the figure seen at 31 December 2022, even after the payment of dividends. As proof of the Group’s financial solidity, the net debt/Ebitda* ratio stands at 3x, in line with its long-standing prudential policy. The Group’s financial structure has now been further reinforced and optimised, partly as a result of the liability management operations completed in the first half of the year, to enable Hera to handle any potencial new tensions in the energy markets and guarantee continuity in operations and a significant amount of investments. Gas Ebitda* for the gas area, which includes natural gas distribution and sales, district heating and energy services, amounted to 293.1 million euro in the first half of 2023, compared to 299.3 million euro at 30 June 2022. The factors responsible for this result mainly lie in the particularly mild winter and consumption habits that became more attentive to energy saving. This decrease was partly offset by a rise in volumes sold on the last resort market. The contribution coming from energy services, aimed at reducing customers’ consumption, in particular from activities supported by energy efficiency incentives such as the 110% super-bonus, still showed growth. In the first half of 2023, investments made in the gas area amounted to 89.3 million euro, up by 23.9 million euro compared to the previous year. In particular, higher investments were made in gas distribution for plants and networks in the new municipalities awarded with the ATEM Udine2 tender, while in gas sales they were aimed at acquiring new customers. In district heating and energy services, investments (mainly for new plants and network extensions) also increased overall. The number of gas customers reached almost 2.1 million, with a slight increase (0.5%) compared to the previous year. The gas area accounted for 40.8% of Group Ebitda. Electricity Ebitda for the electricity area, which includes electricity generation, distribution and sales, rose to 114.4 million euro, as against 40.1 million euro in the same period of 2022, showing significant growth (+185.3%) both in terms of margins and volumes sold to end customers, mainly due to commercial development in the free market. In addition to this, Group subsidiary Hera Comm was awarded, through tenders, 10 lots nationwide: 4 in the Consip EE20 tender for supplying public administrations in 2023, 3 in the gradual protection service to SMEs for the period from 1 July 2021 to 30 June 2024 in nine regions of Italy, 2 in the safeguarded service for the two-year period 2023-2024 in four regions of Italy, and 1 in the gradual protection service to micro-businesses for the period from 1 April 2023 to 31 March 2027. Margins for services aimed at promoting the decarbonisation of customers’ consumption, involving installations of photovoltaic systems, electric mobility and air conditioning systems, also continued to increase. The acquisition of 60% of the company F.lli Franchini, finalised in late June, was aimed at further increasing decarbonisation services for the industrial customer segment, as was the start-up of a partnership with the Orogel Group for developing an agro-voltaic plant serving the Cesena production plant. In the first half of 2023, investments made in the electricity area amounted to 48.3 million euro, up by 16.3 million euro compared to the previous year. As regards distribution, investments mainly concerned non-recurring maintenance and upgrading on plants and networks in the Modena, Imola, Trieste and Gorizia areas. The large-scale meter replacement continued, as did works to improve the resilience of the infrastructure. In the sales area, investments in activities related to acquiring new customers increased. The customer base indeed recorded significant growth compared to the same period of 2022, reaching over 1.6 million (+16.7%). The electricity area accounted for 15.9% of Group Ebitda. Water cycle Ebitda for the integrated water cycle area, which includes aqueduct, purification and sewerage services, stood at 128.6 million euro at 30 June 2023, slightly up (+2.6%) from the 125.3 million euro seen in the first half of 2022. In the first half of 2023, net investments in the water cycle area amounted to 81.2 million euro (58.8 million in the aqueduct, 23.7 million in sewerage and 10.5 million in purification), which went towards extensions, reclamations and upgrading on networks and plants, as well as for regulatory activities, mainly in the purification and sewerage areas. The main interventions include, in the aqueduct area, ongoing reclamation activities on networks and connections related to Arera’s Resolution 917/2017 on the regulation of the technical quality of the service, with specific modernisation and upgrading interventions intended to counter the risks of water shortages caused by increasingly frequent droughts. The integrated water cycle area accounted for 17.9% of Group Ebitda. Waste In the first half of 2023, Ebitda for the waste management area increased to 162.9 million euro (+8.1%), up from the 150.7 million euro recorded at 30 June 2022. Ebitda for waste treatment services amounted to 134.6 million, while Ebitda for environmental services including collection and sweeping amounted to 28.2 million euro, mainly due to the beginning of new concessions. In particular, margins coming from energy management increased, due to both a greater contribution from the Modena and Trieste waste-to-energy plants and the hedges made on energy sales, and a positive performance shown by commercial activities. The consolidation of existing commercial relationships, and the development of the customer portfolio, also benefited from the M&A transactions concluded in the last 12 months. Note in particular the recent expansion of the scope of operations in the environmental remediation and industrial waste global service sectors, thanks to a partnership with the Modena company A.C.R. di Reggiani Albertino S.p.A.®. In a context characterised by decreasing inflation, declining industrial production and increased competitive pressure in the markets served, the Group proved able to consolidate its leadership, especially in the industrial market and in reclamation, and achieve a significant amount of growth in this sector. All of this is thanks to Hera’s valid management policies and its set of plants, which continues to constitute a distinctive strategic asset, also considering that it works towards the ecological transition of the communities served. The protection of environmental resources was a priority objective in the first half of 2023 as well, as was the maximisation of their reuse. This is proven by the special attention dedicated to increasing sorted waste collection, which in the first half of 2023 rose to 70.4%, up 4% compared to June 2022. Investments made in the waste management area amounted to 48.5 million euro and were mainly related to maintenance and upgrading of waste treatment and storage plants, optimising collection centres and equipment, as well as investments for the transaction with ACR. The waste management area accounted for 22.7% of Group Ebitda. Press release H1 2023.pdf 13:13:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-07-17 The EIB loan will help improve the resilience of the integrated water cycle, energy efficiency and the management of environmental services in the areas served by Hera. Operations in the water sector will strengthen existing infrastructure, promote the reuse of water resources, and ensure the quality and continuity of service in the event of drought and extreme weather events. In the energy sector, the development of photovoltaic power plants — including small-scale ones — will enable renewable energy generation, while the installation of second-generation smart meters will improve energy efficiency. In the environmental sector, the construction and strengthening of plants will improve processing, recycling, and recovery capacity. The European Investment Bank (EIB) has granted a €460 million loan to Hera Group, one of Italy’s 40 largest companies by market capitalisation (part of the FTSE MIB) operating in over 300 Italian municipalities. The main goals of the financing are to strengthen the resilience of integrated water services, increase the production of renewable energy, foster energy efficiency, decarbonisation and the circular economy, and bolster waste processing and collection, all in order to support Hera Group’s areas of operation on their path to a sustainable environmental transition and help combat climate change. This EU bank loan will finance over 60 Hera Group projects aligned with the EU taxonomy and in line with the objectives of the UN 2030 Agenda, helping the communities served by the Italian multi-utility on their path to a green transition closely connected to local society and industry. The EIB financing will therefore cover almost 60% of the total value of these investments (over €800 million) already planned by the company in its 2022-2026 industrial plan. Operations will mainly take place in Emilia-Romagna, but also in other areas served such as Veneto and Friuli-Venezia Giulia. In concrete terms, the EU bank resources will contribute to improving integrated water services via operations to further cut losses and renew rainwater collection and wastewater treatment facilities. Hera Group will increase its capacity for processing, recycling, and recovering waste by renovating existing collection centres and building new, cutting-edge plants for recycling plastic and carbon fibre and for the pre-treatment and storage of industrial waste. The EIB financing will also enable Hera Group to install over 370 000 second-generation smart meters in the regions concerned, as well as develop district heating and combined heat and power systems and build photovoltaic plants — even small-scale ones — to increase renewable energy production. Almost 40% of the EIB-financed investments will be made in the parts of Emilia-Romagna that were hit the hardest by the recent floods. The financed operations will improve the resilience of water services to future extreme weather events, including via the construction of underground rainwater collection tanks in areas of the Romagna coast subject to high hydrogeological risk. Elsewhere, a number of measures will be taken to make the sewerage network more resilient to flooding. The financing announced today is part of the REPowerEU initiative supported by the EIB, which will invest an additional €30 billion over the next five years to unlock €115 billion, promoting the green transition and gradually reducing Europe's dependence on fossil fuels. “This operation is a concrete example of the EIB’s commitment to promoting the sustainability, efficiency, and resilience of water, energy, and waste management infrastructure in Italy and across Europe,” said EIB Vice-President Gelsomina Vigliotti. “The EIB loan will also back Hera Group's efforts to strengthen the services provided in the parts of Emilia-Romagna affected by flooding to improve prevention and the resilience of water services to future natural disasters.” “This financing from the EIB — a longstanding and steadfast partner of Hera Group — will give major impetus to our strategic plan and confirms our commitment to sustainable development in the regions where we operate, particularly with reference to the goals of decarbonisation, the circular economy, innovation, and resilience, in line with our company’s mission,” added Hera Group CEO Orazio Iacono. “It is a key component of our financial strategy that, as well as further expanding the range of innovative products and instruments adopted by the group, will also help support the 2022-2026 development plan, confirming the sound nature of our business and our financial flexibility.” Strong EIB support for Italy’s water sector The EIB is the EU climate bank and one of the world's largest lenders to the water sector, with over 1 600 projects and around €80 billion in funding granted since 1958. Italy was the biggest beneficiary of EIB resources for the water sector from 2016 to 2022. The EIB financed 40 operations in the country during this period, providing a total of €2.9 billion and helping to unlock about €8.9 billion in investment. Background information European Investment Bank (EIB) The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It provides long-term financing for sound investments that contribute to EU policy. The Bank finances projects in four priority areas: infrastructure, innovation, climate and environment, and small and medium-sized enterprises (SMEs). Between 2019 and 2022, the EIB Group provided €45 billion in financing for projects in Italy. Hera Group Hera Group is a major Italian multi-utility operating in the environment, energy and water sectors. Its 9 000 employees work daily to meet the complex needs of almost 5 million residents mainly in Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Marche, Tuscany and Abruzzo. Listed on the stock exchange in 2003, it is one of Italy’s 40 biggest companies by market capitalisation (it is part of the FTSE MIB), and entered the Dow Jones Sustainability Index, World and Europe in 2020. www.gruppohera.it Press contact BEI: Lorenzo Squintani, l.squintani@eib.org, tel.: +352 4379 82528, mobile: +39 366 57 90 312 Website: www.eib.org/press — Press Office: +352 4379 21000 — press@eib.org HERA GROUP: Cecilia Bondioli, cecilia.bondioli@gruppohera.it, mobile +39 320 4790622 Press Office: +39 051.287595 - ufficiostampa@gruppohera.it 20230713 Pr EIB provides €460 million to Hera Group to boost the green transition.pdf 11:40:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-07-06 This transaction, strongly linked to the local social and industrial fabric, represents a major new commitment made by the Group to promote the energy transition and decarbonisation in the areas it serves. Only two months after the establishment of Horowatt, a NewCo between Hera Group and Orogel that within 2024 will create an innovative and sustainable agrivoltaic plant in the agricultural cooperative’s Cesena facilities, Hera’s programme for developing cutting-edge integrated solutions in the field of clean energy is making rapid progress. This morning, Hera Group finalised the acquisition of Tiepolo Srl, owned by Combigas and Greenfield Renewables (each one holding 50% of the shares), which has developed a project for constructing a solar park in Bondeno (Ferrara) capable of meeting the needs of over 5,000 households. The plant, which will have a capacity of 8.9 megawatts and will generate approximately 13 GWh/year when fully operational, is one of the Hera Group’s numerous projects aimed at producing renewable energy and already included in the Business Plan to 2026, to support citizens, businesses and public administrations in the decarbonisation and electrification of their consumption. In order to make a significant contribution to reducing climate-changing gas emissions in all localities served and accompany them towards carbon neutrality, the Group has not only allocated significant investments for the energy transition in its Business Plan, but has also set up a new business unit entirely dedicated to renewable energy production and energy management. “For the Hera Group, combating climate change is crucial and translates into a strong focus on the energy transition in all strategic areas of development outlined in our Business Plan to 2026”, comments Orazio Iacono, CEO of the Hera Group. “These concrete initiatives promote renewable energy sources, from photovoltaics to new models of distributed power generation and from hydrogen to biomethane, which will play an increasingly important role in the process towards the decarbonisation and energy security of our country. Once again, Hera’s contribution will be crucial for the sustainable development of all local areas in which we operate.” 20230706_Hera Group acquires Tiepolo to build photovoltaic power station.pdf 10:58:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-06-29 Through its subsidiary Hera Comm, the Group has acquired 60% of the long-standing Rimini-based company, a reference point for technological systems and renewable energy throughout Italy, thus expanding its portfolio of solutions dedicated to business customers. This morning, the Hera Group, acting through its subsidiary Hera Comm, finalised the acquisition of 60% of Fratelli Franchini. Based in Rimini, this company has a consolidated experience in the area of designing, installing and providing maintenance of all types of technological systems for companies, public administrations and hospitality facilities. It has been active for over 17 years in producing high-yield renewable energy sources for public and private industrial customers throughout Italy. The remaining 40% of the company stays in the hands of Franchini Group Srl, owned by brothers Pierpaolo and Marco Franchini, who retain the position of CEOs. This partnership with a long-standing operator, active both locally and nationally, will enable the Hera Group to acquire new technical skills, particularly in the photovoltaic market, expand its portfolio of solutions for business customers, and respond to the growing demand for systems based on renewable sources, further strengthening its position in the Italian energy market. The details of the partnership Fratelli Franchini boasts over half a century of activity in the system engineering sector: since 1959 it has been building technological systems and since 2006 it has also been working in the renewable energy sector, developing projects for business clients in the hotel, port, hospital, industrial, retail and museum sectors. This company is the partner of choice for clients in the industrial sector, both public and private, to whom it is able to offer integrated solutions in all phases necessary for installing and maintaining of electrical, mechanical, large-scale photovoltaic and energy efficiency systems. It has installed more than 300 systems over the years. This operation boosts the Hera Group’s ability to support its customers along the path to decarbonisation, including through the installation of photovoltaic generation systems, from traditional photovoltaic panel systems to new distributed power generation models such as Renewable Energy Communities. The services offered are rounded off by charging infrastructures for electric mobility, supply and installation of high-efficiency boilers and air conditioners, and energy efficiency systems. These activities will contribute to achieving the 37% emission reduction target by 2030, already validated by the prestigious international network Science Based Target initiative (SBTi). “With this partnership, we have consolidated our ability to support customers along their path towards the energy transition and electrification of consumption, offering tools for energy efficiency and self-production”, comments Cristian Fabbri, Executive Chairman of Hera Group. “Moreover, following up on the transactions finalised in recent years for residential customers, this partnership allows us to enhance the value-added services we dedicate to companies and expand our operational and plant capacity, with concrete benefits for all our business customers.” “We are highly honoured that an outstanding company such as the Hera Group has chosen our company to develop its activities in the renewables sector. With this entry, we are certain that we will be able to give a strong boost to our business and further consolidate our position on the market, which already ranks us among the most important players in the sector”, comment Pierpaolo and Marco Franchini, CEOs of Fratelli Franchini. “We would like to thank Roberto Berardi and Gabriele Baschetti from Studio Skema and the lawyer Paolo Pieri who assisted us in the transaction. Special thanks also go to all our employees and collaborators who enabled us to reach this important milestone and who represent our strength and our future.” 20230629_Strengthen renewables with Fratelli Franchini partnership.pdf 12:29:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-06-15 Lorenzo Minganti, a non-executive and independent member of Hera S.p.A.’s Board of Directors and of the Company’s Control and Risk Committee, has announced his resignation, due to unforeseen professional commitments, effective as of 19 June 2023. Also note that to the Company’s knowledge, Mr. Minganti holds 6,700 Hera S.p.A. shares. 20230615 Resignation of a member of the Board of Directors.pdf 18:29:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-06-14 Hera achieves second place in the overall ranking published by the index measuring the degree to which ESG factors are integrated within the governance of Italy’s top 100 listed companies. Among Italy’s top companies for the last three years, Hera ranks second in 2023 thanks to its full and deliberate integration of sustainability policies into its business strategies and governance structure. This has been confirmed by the Integrated Governance Index, the main quantitative index measuring the integration of ESG factors in the governance of the top 100 Italian listed companies, managed by ETicaNews and presented today in Milan at the ESG Business Conference. “We are satisfied with this recognition”, remarks Cristian Fabbri, Executive Chairman of the Hera Group, “which rewards the attention we have always paid to sustainability which is a driver of our business development strategy and is fully integrated into our corporate governance. Close ties with the local areas served are crucial for a company like ours, always aware of and attentive to its institutional and social role, which is all the more significant in today’s constantly evolving context. Local roots and focus on ESG objectives are one of Hera’s hallmarks, showing that it has always been committed to giving full value to people, thus generating a tangible impact and helping the communities served move towards a more equitable future in environmental, economic and social terms. The Hera Group’s sustainable growth is, in fact, the result of a business model that always considers the generation of value as the cornerstone of its relations with all stakeholders, from the local ecosystem and future generations to customers, shareholders, workers and suppliers. Sustainability and the creation of shared value therefore stand out as the Hera Group’s fundamental traits and define its underlying purpose, which was officially included in the Articles of Association two years ago. This made Hera one of the first companies in Italy to fully affirm its commitment to the energy transition and the circular economy, through innovation and digitalisation, as well as to promoting social equity. Sustainability at the heart of Hera’s strategies Ever since the Hera Group was founded, the full and deliberate integration of sustainability in its business strategies has been one of the key elements enabling it to meet all its challenges, because for Hera growth and sustainable development necessarily go hand in hand. This path has been built over time, starting from the Group’s corporate culture: in 2016 it was among the first companies to report shared-value Ebitda, which was later explicitly included in the Business plan and in the management incentive system. 20230614 Hera Group on Top 3 of IGI 2023.pdf 15:20:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-05-15 Kindly note that as of today the minutes of the Shareholders Meeting held on 27 April 2023 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 10 May 2023. 20230515 Minutes of AMG 2023 have been published.pdf 10:59:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-05-10 The Board of Directors of Hera S.p.A. met today and assessed the independence of all members, appointed by the Shareholders Meeting held on 27 April 2023. Based on the declarations made by the Directors and the information made available to the company, all directors, with the exception of the Chairman and the Chief Executive Officer, who are executive directors, and of director Gianni Bessi, were found to meet the independence requirements set forth in the Corporate Governance Code and Article 148, paragraph 3 of Legislative Decree 58/1998. Also note that the Board of Statutory Auditors, in compliance with the provisions of the Corporate Governance Code, verified the independence requirements for all its members and reported the results of this verification to the Board of Directors. Furthermore, the members of the Internal Committees were appointed: for the “Executive committee”: Cristian Fabbri, acting as Chairman, Gabriele Giacobazzi, acting as Vice Chairman, Orazio Iacono and Marina Monassi were appointed; for the “Remuneration committee”: Gabriele Giacobazzi, acting as Chairman, Monica Mondardini, Fabio Bacchilega and Alice Vatta were appointed; for the “Control and risks committee” (corresponding to the Operations with Related Parties Committee): Gabriele Giacobazzi, acting as Chairman, Alessandro Melcarne, Lorenzo Minganti and Paola Gina Maria Schwizer were appointed; for the “Ethics and sustainability committee”: Alice Vatta, acting as Chairman, Nicoletta Tranquillo, Filippo Maria Bocchi and Francesco Perrini were appointed. 20230510 Pr Independence for directors and statutory auditors and internal committees of Hera Group.pdf 15:02:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg