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27/04/2012

2011 financial report and dividend payment

Hera Group

The Ordinary Meeting of the Shareholders of Hera S.p.A., meeting today at Bologna, approved the Financial Report for the fiscal year 2011 and the Board of Directors' proposal for the distribution of a dividend of EUR 9 cents per share. The coupon number 9 will be clipped on 4 June, with payment from 7 June 2012.

The results as at 31 December 2011 show revenues of EUR 4,105.7 million, an EBITDA of EUR 644.8 million (+6.2% compared with 2010) and profit before tax of EUR 221.2 million (+7.6% compared with 2010).

The Meeting also approved the renewal of the buy back plan for a value of up to EUR 40 million for a further 18 months. Treasury shares may be used to finance any transaction to acquire shareholdings or share packages within the ambit of Hera Group's development strategies.

 
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