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

2020-05-13 Q1 2020 results The consolidated quarterly report at 31 March shows growth in results, thanks to the contribution coming from the Group's main business areas. Value continues to be created in the areas served, while Hera has proactively introduced numerous measures supporting stakeholders while facing the Covid-19 emergency currently affecting the country. Financial highlights Revenues at 2,055.8 million euro (+5.9%) Ebitda at 349.2 million euro (+5.6%) Net profit at 130.3 million euro (+0.5%) Net financial position at 3,229.1 million euro Operating highlights Good contribution to growth coming from main businesses, the energy and waste management sectors in particular Solid customers base in energy sectors, with a strong rise to 3.3 million customers, thanks to the recent partnership with Ascopiave A wide range of activities introduced to protect and sustain all stakeholders, first and foremost customers, with favourable conditions granted for paying bills Today, the Hera Group’s new Board of Directors, which came into office on 29 April 2020 and is chaired by Tomaso Tommasi di Vignano, unanimously approved the Group’s consolidated operating results for the first quarter. Improvement was seen over the same period in 2019, thanks to the contribution coming from internal growth and M&As, which proved able to more than offset the effects of the mild winter temperatures and the health emergency that has struck the country. The financial solidity that has always marked this multi-utility saw further improvement during the quarter, and allowed many measures to be proactively introduced, quite early, when the emergency had not yet affected the areas served. These measures are aimed at ensuring not only continuity in the Group’s services, but also support and protection for all stakeholders, above all employees, suppliers and customers, for example in the favourable conditions granted for paying bills. In general, the results reached confirm the validity of the Group’s business model, which balances regulated and free market activities and, in line with the indications provided in the Business plan, promotes growth, sustainability and innovation, which have proven to be effective competitive levers in creating value for the areas served and all stakeholders. The main changes in the Group’s scope of operations compared to the first quarter of 2019 include the acquisition last May of Cosea Ambiente, the company that manages the urban and assimilated waste service owned by 20 municipalities in the Tuscan-Emilian Apennine area, including a ten-year grant for managing the Cosea Consorzio landfill in Gaggio Montano; the acquisition in July of Pistoia Ambiente’s waste treatment plants in Tuscany; and, lastly, in December the finalisation of the partnership between Hera and Ascopiave, which acting through EstEnergy created the largest energy operator in North-Eastern Italy and at the same time led to a reorganisation of the two Groups’ gas distribution activities. Revenues reach over 2 billioneuro In the first quarter of 2020, revenues amounted to 2,055.8 millioneuro, up compared to the 1,940.4 million seen in the same period of2019. This result was largely sustained by changes in the scope of operations, which more than offset lower revenues for electricity and gas trading, production and sales, heat management and district heating, as well as commissions in the water service. Revenues in the waste management sector increased. Ebitda rises to 349.2 million euro Ebitda went from 330.8 million euro in the first three months of 2019 to 349.2 millionat 31 March 2020, showing an 18.4 million(+5.6%) increase. This growth in Ebitda is due in particular to the performance seen in the energy areas, which were up by 17.2 million euro overall, mainly owing to the entry of the companies belonging to the EstEnergy Group, as well as the waste management area, while the water cycle area showed a slight drop. Operating result increases and pre-tax profit remains stable The net operating result also increased to 211.7 millioneuro at 31 March 2020, up compared to the 205.0 million seen at the same date in2019 (+3.3%). A 7.6 million euro change occurred in financial operationsat 31 March 2020, coming to 28.7 millioneuro, mainly due to the imputed costs involved in the put option concerning the amount held by Ascopiave and lower profits from joint ventures, mainly due to the consolidation of EstEnergy. Pre-tax profits came to 183.0 millioneuro, essentially in line with the 183.9 million seen in the first three months of2019. Net profit rises to 130.3 million (+0.5%) Net profit at 31 March 2020 increased to 130.3 millioneuro, up 0.5% over the 129.7 million seen one year earlier. Profits pertaining to Group Shareholders, instead, came to 124.4 millioneuro, with a slight increase compared to the 124.2 millionrecorded for the first quarter of2019. These results bear the effects of a28.8% tax rate, an improvement compared to the 29.5% seen one year earlier, thanks in particular to the Group’s commitment to making investments in technological and digital transformation, along the lines of Utility 4.0. Over 118 million in investments; net financial position improves Overall investments in the first three months of 2020 amounted to 118.6 millioneuro, as against 92.7 millionin the same period of the previous year, and mainly went towards interventions on plants, networks and infrastructures, in addition to investments concerning an intensive meter substitution and the purification and sewerage areas. Total investments also include financial investments coming to 27.2 million. Thanks to a positive cash flow generation, net financial debt, coming to 3,229.1 millioneuro, showed a roughly 45 millioneuro drop compared to December 2019. The Net debt/Ebitda ratio settled at 2.93x, confirming the Group’s financial solidity (2.44x excluding the EstEnergy put option). The average time to maturity of overall debt is more than 6 years. Gas area In the first quarter of 2019, Ebitda for the gas area – which includes services in natural gas distribution and sales, district heating and heat management – settled at 160.9 millioneuro, up compared to the 151.0 million seen at31 March 2019 (+6.5%). This was due to the entry of the companies belonging to the EstEnergy Group and AmgasBlu, which offset the lower volumes of gas sold and lower margins for district heating and heat management, due to the mild temperatures seen in the first quarter of 2020. With a rise coming to over 560 thousand customers, mainly involved in the partnership with Ascopiave, gas customers reached 2 million. Distribution activities felt the first effects of the revised tariffs introduced by Arera, effective as of 1 January 2020. The gas area accounted for 46.1% of Group Ebitda. Water cycle area Ebitda for the integrated water cycle area – which includes aqueduct, purification and sewerage services – went from 58.9 millioneuro in the first quarter of 2019 to 57.2 million in the same period of 2020 (-2.9%), mainly owing to lower revenues from new connections, customer requests and dispensing, as well as the effects of the reduction in the costs recognised for tariffs defined by the Authority in late 2019. As for the previous period, the results benefitted from bonuses awarded by the Authority for high service standards. The integrated water cycle area accounted for 16.4% of Group Ebitda. Waste management area Ebitda for the waste management area – which includes waste collection, treatment and disposal services – rose from 67.3 millioneuro in the first quarter of 2019 to 70.2 millionat 31 March 2020 (+4.3%). This growth was created above all by higher revenues for waste treatment, higher quantities managed and the addition of new facilities to the scope of operations, such as the waste treatment plant inaugurated at Cordenons (PN), the Gaggio Montano (BO) landfill linked to the acquisition of Cosea Ambiente, and the Pistoia Ambiente plants in Tuscany. In a national context marked by an ongoing lack of plants, these new structures, operational as of the second and third quarters of 2019, further increased the set of plants managed by Herambiente, already the nation’s leader in the waste management sector, dedicated to waste recycling, reuse and regeneration, including the company Aliplast (TV), engaged in plastic recycling, and the innovative plant producing biomethane and compost from organic waste located in Sant’Agata Bolognese (BO). Good results were also seen in sorted waste, which increased to 65.4%, compared to the 64.1% seen in the first quarter of 2019, thanks to the many projects implemented across the areas served. The waste management are accounted for 20.1% of Group Ebitda. Electricity area Ebitda for the electricity area – which includes services in electricity production, distribution and sales – went from 45.2 millioneuro in the first quarter of 2019 to 52.5 millionat 31 March 2020 (+16.2%). The entry of the companies belonging to the EstEnergy Group and AmgasBlu, the synergies extracted from acquisitions, marketing activities aimed at expansion and a positive trend in generation led to this growth in results and a significant increase in the customer base. Electricity customers, indeed, now amount to 1.3 million, up 17.4% compared to 31 March 2019, with almost 200 new customers, despite the drop in safeguarded and protected customers. The electricity area accounted for 15.0% of Group Ebitda. The manager responsible for drafting the company’s accounting statements, Luca Moroni, declares, pursuant to article 154-bis paragraph 2 of the TUF, that the information contained in the present press release corresponds to the documentation available and to the account books and entries. The Q1 report and related materials are available to the public at Company Headquarters and on the website www.gruppohera.it. Unaudited extracts from the Quarterly Report at 31 March 2020 are attached. PROFIT & LOSS (M €) 31/03/2020 INC.% 31/03/2019 INC.% CH. CH.% Sales 2,055.8 1,940.4 +115.4 +5.9% Other operating revenues 109.0 5.3% 121.0 6.2% (12.0) (9.9%) Raw material (1,035.4) (50.4%) (1,024.6) (52.8%) +10.8 +1.1% Services costs (627.2) (30.5%) (556.7) (28.7%) +70.5 +12.7% Other operating expenses (12.5) (0.6%) (13.1) (0.7%) (0.6) (4.6%) Personnel costs (147.3) (7.2%) (142.9) (7.4%) +4.4 +3.1% Capitalisations 6.8 0.3% 6.7 0.3% +0.1 +1.5% Ebitda 349.2 17.0% 330.8 17.0% +18.4 +5.6% Depreciation and provisions (137.5) (6.7%) (125.8) (6.5%) +11.7 +9.3% Ebit 211.7 10.3% 205.0 10.6% +6.7 +3.3% Financial inc./(exp.) (28.7) (1.4%) (21.1) (1.1%) +7.6 +36.1% Pre tax profit 183.0 8.9% 183.9 9.5% (0.9) (0.5%) Tax (52.7) (2.6%) (54.3) (2.8%) (1.6) (2.9%) Net profit 130.3 6.3% 129.7 6.7% +0.6 +0.5% Attributable to: Shareholders of the Parent Company 124.4 6.0% 124.2 6.4% +0.2 +0.2% Minority shareholders 5.9 0.3% 5.5 0.3% +0.4 +7.3% BALANCE SHEET (M €) 31/03/2020 INC.% 31/12/2019 INC.% CH. CH.% Net fixed assets 6,876.5 108.7% 6,846.3 108.9% +30.2 +0.4% Working capital 96.8 1.5% 87.0 1.4% +9.8 +11.3% (Provisions) (650.0) (10.3%) (649.1) (10.3%) (0.9) +0.1% Net invested capital 6,323.3 100.0% 6,284.2 100.0% +39.1 +0.6% Net equity 3,094.2 48.9% 3,010.0 47.9% +84.2 +2.8% Long term net financial debt 3,379.7 53.4% 3,383.4 53.8% (3.7) (0.1%) Short term net financial debt (150.6) (2.4%) (109.2) (1.7%) (41.4) +37.9% Net financial debts 3,229.1 51.1% 3,274.2 52.1% (45.1) (1.4%) Net invested capital 6,323.3 100.0% 6,284.2 100.0% +39.1 +0.6% Q1 2020 results Q1 2020 results Press release 1Q 2020 2020-05-11 13:20:52 Q1 2020 results Financial results at 31/03/2020

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

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

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