Download Center

(list drew up in accordance with article n. 143-quater, subparagraph 5, of the CONSOB regulation n. 11971/99) 110x150_heraspa.1475082913.jpg Data of circulating shares and number of share capital voting rights, as at 31 December 2017 Update as at 31 December 2017 Before 31 December 2017 N. of shares in the total share capital N. of voting rights N. of shares in the total share capital N. of voting rights Total amount with a breakdown as follows: 1,489,538,745 2,273,701,461 1,489,538,745 2,273,694,459 Shares (regular: 01.01.2017) - cod. ISIN IT0001250932 coupon: n. 16 705,376,029 705,376,029 705,383,031 705,383,031 Double voting right shares (regular: 01.01.2017) - cod. ISIN IT0001250932 coupon: n. 16 784,162,716 1,568,325,432 784,155,714 1,568,311,428 sede_HERA.1501171881.jpg List of shareholders with a stake of over 3% 20180102_Hera_Group_list_shareholders_with_stake_over_3.1514995772.pdf 2018-01-02 16:36:59 110x150_heraspa.1475082913.jpg List of shareholders with a stake of over 3% 2017-06-23

Thanks to this operation, Italgas will further reinforce its presence in Sardinia while Hera continues its process of rationalising Group. Hera Group Italgas and Hera sign a binding agreement for the transferral to Italgas of 100% of Medea S.p.A. Stefano Venier, CEO of the Hera Group, has stated: "This transaction is part of a broader process of rationalising the Hera Group's investments and concentrating on its reference territories. Our thanks go to the Sassari customers and administration for their fruitful collaboration during these years. In any case, we are pleased to sell Medea to a fully reliable counterpart with strategic interests in the Region". Stefano_Venier.1534411037.jpg sinistra Stefano Venier Read more press_release_italgas_hera.1513850622.pdf 2017-12-21 13:08:00 Italgas and Hera sign a binding agreement for the transferral to Italgas of 100% of Medea S.p.A. Italgas and Hera sign a binding agreement for the transferral to Italgas of 100% of Medea S.p.A. 2017-06-23

Thanks to this operation, Italgas will further reinforce its presence in Sardinia while Hera continues its process of rationalising Group subsidiaries Italgas and Hera signed today a binding agreement for transferral to Italgas of 100% of Medea S.p.A.. The company has the concession for gas distribution and sale in the city of Sassari. Medea's overall enterprise value has been set at € 24.1 million. At the closing of the transaction, the price will be paid entirely in cash, net of debt. The transaction is expected to be concluded within the first few months of 2018 and is subject to a number of pre-closing requirements. Medea serves roughly 13,000 customers, all residents in the urban area of Sassari, with annual gas volumes distributed amounting to over 5 million cubic meters. The company's potential pool is of approximately 30,000 users. The network, which in the future may be converted to natural gas, extends for over 190 km and is currently fuelled by LPG through a storage and production plant located on the outskirts of the city. Hera_Italgas870.1513853697.jpg Hera-Italgas870 Read more Read more 20171221_Press_release.1513849588.pdf Tommasi_Galli_Venier110 Tommasi_Galli_Venier110 2017-12-21

Today, Herambiente completed the purchase of a further 40% of the Treviso company's shares, and the ensuing change in governance. The remaining 20% of the shares of this national leader in plastic recycling will be acquired within June 2022, as foreseen in the deal signed last January. "Being part of such a large company having deep roots in the communities served, as well as financial solidity and widely diversified specialisations, such as the Hera Group", explains the Chairman of Aliplast, Roberto Alibardi, "allows us, more and more every day, to broaden our horizons. It furthermore provides additional assuredness in continuing to develop our skills through a greater amount of attention given to research and technological innovation. This is the direction towards which we work on a daily basis, just as, at the same time, we are committed to furthering the process of integration and extending our competence in a sector as complex as plastics, following the business objectives defined together and pursuing new and ever more challenging goals". Tomaso_Tommasi_di_Vignano.1509632134.1534411389.jpg sinistra Tomaso Tommasi di Vignano Read more http://ha.gruppohera.it Herambiente 20171214_press_release_Aliplast.1513261391.pdf 2017-12-14 13:20:00 Hera Group: control of Aliplast reaches 80% Hera Group: control of Aliplast reaches 80% 2017-12-14

Today, Herambiente completed the purchase of a further 40% of the Treviso company's shares, and the ensuing change in governance. The remaining 20% of the shares of this national leader in plastic recycling will be acquired within June 2022, as foreseen in the deal signed last January Today in Bologna, Herambiente, a Hera Group company and leader in Italy in waste treatment and recovery, completed its purchase of an additional 40% of the shares of Aliplast, a primary national figure in plastic collection and recycling and subsequent regeneration. With this operation, which follows up on the first step taken on 3 April 2017, the amount of Aliplast shares held by the Hera Group rises to 80%. As foreseen by the binding deal signed by both parties in January, the remaining 20% of Aliplast shares will be purchased within June 2022. The sum paid by Herambiente in purchasing the further 40% of Aliplast comes to € 51.8 million, which includes the contribution collected as an energy-intensive company and the earn-out portion for having reached increasing results as regards EBITDA in 2016. The purchase was carried out with the Group's own resources. Since the majority of shares is now held by the Hera Group, Aliplast's governance has been modified. In particular, Aliplast's Shareholders Meeting, which came together immediately following the completion of the additional 40% by Herambiente, resolved to enlarge its Board of Directors, going from five to seven members, four representing the Hera Group and three from Aligroup. The new and thus composed BoD, in its first sitting, which took place on today's date, appointed Carlo Andriolo and Roberto Alibardi respectively as CEO and Chairman of the company. The acquisition of Aliplast, which is to be considered alongside the similar operations finalised in 2015 and 2017 involving the Treviso company Geo Nova and the Tuscan companies Waste Recycling and Teseco, has allowed the Hera Group to consolidate its own market presence with a distinctive trait, both unique and concretely in line with the principles of a circular economy. This element makes it possible to offer the Group's clients trustworthy and ever-more integrated solutions, able to complete and round off the virtual circle of sustainability: from collection and treatment of plastic deriving from production scrap waste, to the regeneration of new products. Due precisely to its own specific features, Aliplast was one of the elements that qualified the Hera Group to be admitted to the Ellen MacArthur Foundation's international CE100 program, which brings together the world's leading 100 companies that stand out for their commitment to the transition to a circular economy. Founded in 1982 by Roberto Alibardi and headquartered in Ospedaletto di Istrana (Treviso), Aliplast is a national leader in industrial plastic waste collection and in regenerated polymer recycling and production, with roughly 80,000 tonnes of plastic material recycled every year. It was the first company in Italy to reach a full integration spanning the entire plastic lifecycle: from environmental services in managing and collecting packaging and industrial scrap waste to manufacturing and market sales of packaging products and materials made out of plastic recycled by the company itself. Aliplast employs approximately 350 people in its five Italian and three foreign (Spain, France and Poland) facilities. firma_aliplast870.1513253651.jpg firmaaliplast870 Read more http://ha.gruppohera.it Herambiente website press_release.1513253652.pdf aliplast110 aliplast110 2017-12-14

(list drew up in accordance with article n. 143-quater, subparagraph 5, of the CONSOB regulation n. 11971/99) piloni_110x150.1461840758.1498204761.png Data of circulating shares and number of share capital voting rights, as at 30 November 2017 Update as at 30 November 2017 Before 30 November 2017 N. of shares in the total share capital N. of voting rights N. of shares in the total share capital N. of voting rights Total amount with a breakdown as follows: 1,489,538,745 2,273,694,459 1,489,538,745 2,283,694,459 Shares (regular: 01.01.2017) - cod. ISIN IT0001250932 coupon: n. 16 705,383,031 705,383,031 695,383,031 695,383,031 Double voting right shares (regular: 01.01.2017) - cod. ISIN IT0001250932 coupon: n. 16 784,155,714 1,568,311,428 794,155,714 1,588,311,428 Nuova_Palazzina_870x.1533216684.jpg List of shareholders with a stake of over 3% 20171205_Hera_Group_list_shareholders_with_stake_over_3.1514995510.pdf 2017-12-05 16:36:59 List of shareholders with a stake of over 3% List of shareholders with a stake of over 3% 2017-06-23

Assigned in Rome today at the Ministry of Cultural Heritage, this award acknowledges the Hera Group project that makes art out of waste materials The winning companies of the Corporate Art Awards 2017 are, today, receiving their awards at the Ministry of Cultural Heritage in Rome. Those companies include the Hera Group. The multiutility has won this recognition thanks to SCART, an artistic/communication project that focuses on creating works of art and installations out of waste. In illustrating the reasons for the award, the judges stated that SCART represents "the world's leading corporate Waste Art project in terms of breadth, originality and continuity over the years". Hera thus joins the ranks of other leading companies (which received the applause of none other than the President of the Italian Republic, Sergio Mattarella) that have demonstrated excellence in international projects designed to bring the business and art worlds together. Conceived by Maurizio Giani and now with a twenty-year tradition behind it, the SCART project is part of the Hera Group's broader commitment to the circular economy. It boasts a Waste Art collection now over 900 pieces strong that include costumes, pictures, furnishing items, musical instruments and much more besides. Involved in numerous national and international exhibitions, SCART works alongside major research and training institutes such as the Accademie di Belle Arti of Florence and Bologna, as well as internationally renowned artists and critics. Moreover, many of the works created as part of the SCART project embellish offices and other workplaces within the Group, making them an integral part of the way customers are welcomed (as the recent Hera stands at the Ecomondo fair in Rimini and FICO in Bologna clearly demonstrate). With 6.9 million tons of waste processed, a vast pool of processing plants and 3.3 million citizens served, the Hera Group is Italy's number one waste management provider. By placing particular emphasis on industrial waste, SCART makes a sound contribution to building on these results. It does so by using an array of artworks to raise expected standards and by having a positive impact on the way we see recycling and re-utilisation. To get a clearer idea of what the SCART project is all about you can visit the travelling "SCART, il lato bello e utile del rifiuto" show free of charge. Following its success in Ravenna, Imola and Modena, the show is now in Udine at the Tina Modotti Gallery until 30 November. From 7 December to 15 February 2018 the works will be on display at the Chamber of Commerce in Pisa. SCART870.1511877114.jpg Scart870 Read more 20171122_SCART_ai_Corporate_Art_Awards_2017_BO_en_SD_EP_TTT.1511877115.pdf Scart110 Scart110 2017-11-28

The consolidated third-quarter report at 30 September once again confirms the excellent momentum of growth seen during the current year, with all main operating and financial indicators showing further improvement. Financial highlights Revenues at € 4,027.8 million (+11.4%) EBITDA at € 724.7 million (+11.4%) Net profit post minorities at € 182.9 million (+28.6%) Net debt at € 2,610.0 million Operating highlights Good contribution to growth coming from all businesses, in particular Energy Results were mainly underpinned by internal growth Positive effects coming from the merger of Aliplast and Gran Sasso Solid customer base in Energy business, with over 2.3 million clients, up 150,000 over the first nine months of 2016 Today, the Hera Group Board of Directors unanimously approved the consolidated economic results at 30 September 2017, which show further growth in all operating and financial indicators, as expected in the business plan. This growth, continuous since the first quarter, confirms the validity of the Group's multi-business model and of its strategy, that seeks for balance between internal and external growth. In particular, the statements for the first nine months of 2017 show the beneficial results of the entry of the companies Aliplast and Gran Sasso within the Group's scope of operations, and of the tenders awarded for 2017-2018 last resort, default and safeguarded supply services. Revenues rise, reaching € 4,027.8 million In the third quarter of 2017, revenues came to € 4,027.8 million, up 11.4% compared to the € 3,615.5 million recorded at 30 September 2016. In line with the positive macro-economic framework, this year profited from the entry of Aliplast and Gran Sasso within the Group, as well as from the positive effects ensuing from a higher trading activities, an increase in electricity price, a rise in volumes of gas sold and higher regulated revenues in the water sector. EBITDA increases to € 724.7 million The Group's consolidated EBITDA at 30 September 2017 grew from € 650.6 to € 724.7 million (+11.4%). The good performance coming from all Group areas is responsible for this result, in particular from the Energy business, which benefitted from higher profits in power generation and in safeguarded and default market sales. Positive results were also reached in the integrated water cycle and waste areas, thanks above all to the acquisition of Aliplast. Ebit and pre-tax profits up, financial management improves EBIT grew to € 357.9 million, against the € 329.2 million seen at 30 September 2016 (+8.7%), while pre-tax profits rose to € 283.4 million compared to € 239.1 million at the same date one year earlier (+18.5%), thanks to improvements in financial management. In particular, this good performance reflects a more efficient financial structure, partially obtained through the liability management operations carried out during the previous year. Net profit post minorities increases to € 182.9 million (+28.6%) Profits pertaining to Group Shareholders rose to € 182.9 million, against € 142.2 million at 30 September 2016 (+28.6%), thanks among other things to a 32% tax rate, notably better than the same figure for the previous year (due to a lower Ires rate and a continuous search for tax efficiency following the enlargement of the Group's scope of operations). Approximately € 280 million in investments, net debt essentially stable The Group's operating investments at 30 September 2017, including capital grants, amount to € 277.1 million, up compared to the same period in 2016 and in line with the business plan's forecast. Operating investments involved above all interventions on plants, networks and infrastructures, in addition to regulatory adaptations mainly concerning gas distribution, with a large-scale meter substitution, and the purification and sewerage area. Net debt came to € 2,610.0 million at 30 September 2017, with a slight reduction compared to first half of 2017 and remaining fundamentally stable with respect to the € 2,558.9 million recorded at 31 December 2016, considering the funds allocated to dividend payments and M&A operations. Gas EBITDA for Gas, which includes services in natural gas and LPG distribution and sales, district heating and heat management, came to € 201.4 million at 30 September 2017, up 8.0% over the same date one year earlier, thanks to growth in trading, higher volumes of gas sold and the larger scope of operations in the default service. The number of gas customers in the first nine months of 2017 totalled 1.4 million, rising by 3.9% over the same period in 2016, partially due to the acquisition of the company Gran Sasso (located in Abruzzo region). The Gas business accounted for 27.8% of Group EBITDA. Water cycle The integrated water cycle, which includes aqueduct, purification and sewerage services, recorded a 2.6% increase in EBITDA, going from the € 173.7 seen at 30 September 2016 to € 178.3 at the same date in 2017, thanks to higher revenues from distribution, in spite of increased operating costs and lower revenues from new connections. The integrated water cycle accounted for 24.6% of Group EBITDA. Waste The results reached in the Waste, which includes services in waste collection, treatment, recovery and disposal, show rising figures, with EBITDA going from € 172.2 million at 30 September 2016 to € 181.4 million at the same date in 2017 (+5.3%). This performance is due to higher volumes commercialised in waste treatment, a positive trend in the price of special waste and the entry within the Group of Aliplast, a national leader in plastic recycling, which consolidated the Group's position regarding the development of a circular economy. These results are all the more appreciable considering that they suffer from a lower contribution coming from incentives for renewable and assimilated sources, by roughly € 8 million. Further growth was also seen in sorted waste, which went from 55.8% at 30 September 2016 to 56.6% at the same date in 2017, thanks to the numerous new services offered. Waste accounted for 25.0% of Group EBITDA. Electricity Electricity, which includes services in electricity production, distribution and sales, recorded an EBITDA that grew from € 104.3 million at 30 September 2016 to € 147.4 million in September 2017, thanks to higher earnings in free market and safeguarded sales and higher profits in electricity generation. The number of electricity customers increased by 11.6% to 964,000, mainly owing to growth in the free market. Electricity accounted for 20.3% of Group EBITDA. Appointment by co-optation of a new director Furthermore, on today's date the Board of Directors resolved the appointment by co-optation of Prof. Alessandro Melcarne as a new director of Hera Spa, substituting the resigning Mr. Aldo Luciano. On the basis of statements provided by the director and information at the Company's disposal, the former meets the requirements of independence provided for by law. Prof. Melcarne has additionally stated that he holds no shares in the Company. The new director's curriculum vitae is available on the website www.gruppohera.it, in the section Corporate Governance/CdA. 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 3Q financial statement and related materials are available to the public at Company Headquarters and on the website www.gruppohera.it. Unaudited extracts from the Interim Financial Statements at 30 September 2017 are attached. PROFIT & LOSS 30/09/2017 INC.% 30/06/2016 RECLASSIFIED INC.% CH. CH. % Sales 4,027.8 3,615.5 +412.3 +11.4% Other operating revenues 327.3 8.1% 259.9 7.2% +67.4 +25.9% Raw material (1,776.4) -44.1% (1,437.4) -39.8% +339.0 +23.6% Services costs (1,428.6) -35.5% (1,382.7) -38.2% +45.9 +3.3% Other operating expenses (45.3) -1.1% (34.7) -1.0% +10.6 +30.6% Personnel costs (409.1) -10.2% (390.1) -10.8% +19.0 +4.9% Capitalisations 29.0 0.7% 20.0 0.6% +9.0 +45.0% Ebitda 724.7 18.0% 650.6 18.0% +74.1 +11.4% Depreciation and provisions (366.8) -9.1% (321.3) -8.9% +45.5 +14.2% Ebit 357.9 8.9% 329.2 9.1% +28.7 +8.7% Financial inc./(exp.) (74.5) -1.8% (90.2) -2.5% -15.7 -17.4% Pre tax profit 283.4 7.0% 239.1 6.6% +44.3 +18.5% Tax (90.6) -2.3% (87.2) -2.4% +3.4 +3.9% Net profit 192.8 4.8% 151.8 4.2% +41.0 +27.0% Attributable to: Shareholders of the Parent Company 182.9 4.5% 142.2 3.9% +40.7 +28.6% Minority shareholders 9.9 0.2% 9.6 0.3% +0.3 +2.8% Balance Sheet (m€) 30/09/2017 Inc.% 31/12/2016 Inc.% Ch. Ch.% Net fixed assets 5,670.8 108.5% 5,564.5 108.7% +106.3 +1.9% Working capital 108.8 2.1% 99.9 2.0% (8.9) (8.9)% (Provisions) (553.5) (10.6%) (543.4) (10.7%) (10.1) +1.9% Net invested capital 5,226.1 100.0% 5,121.0 100.0% +105.1 +2.1% Net equity 2,616.1 50.1% 2,562.1 50.0% +54.0 +2.1% Long term net financial debt 2,713.3 51.9% 2,757.5 53.9% (44.2) (1.6)% Short term net financial debt (103.3) (2.0%) (198.6) (3.9%) +95.3 (48.0)% Net financial debts 2,610.0 49.9% 2,558.9 50.0% +51.1 2.0% Net invested capital 5,226.1 100.0% 5,121.0 100.0% +105.1 +2.1% 9M_870x320_slide_eng.1510133724.png /documents/1514726/4210740/GruppoHera_9m2017_cs_eng.pdf/c19a2338-014a-5aaa-5d52-6dff0c501c5f?t=1597908238487 Press release /documents/1514726/4210740/Hera_Group_Consolidate_Quarterly_Report_as_at_30_September_2017.1510131153.pdf/0586de9d-6af6-0dec-cecd-9c517948fbb5?t=1597908240435 Financial report as at 30 September 2017 /documents/1514726/4210740/GruppoHera_9M_2017_Analyst_presentation_def.1510153668.pdf/f240b3a3-7a61-31de-07c7-263dea9a1758?t=1597908239801 Analyst presentation: Results as at 30 September 2017 /documents/1514726/4210740/GruppoHera_Newsletter_9M_2017_eng.1510132327.pdf/7298c678-b293-001c-6d78-75208733d8cc?t=1597908239448 Newsletter: Results as at 30 September 2017 /documents/1514726/4210740/Dati_finanziari_ed_operativi_di_sintesi_9M_2017_eng.1510044934.xls/ccad87ad-c3fc-ff2c-357f-9ed1ed5e944c?t=1597908239125 Financial data: Results as at 30 September 2017 GruppoHera_9m2017_cs_eng.pdf 2017-11-08 14:00:00 9M2015 9M2015 2015-11-09

(list drew up in accordance with article n. 143-quater, subparagraph 5, of the CONSOB regulation n. 11971/99) Herambiente si aggiudica la bonifica del porto di Chioggia Data of circulating shares and number of share capital voting rights, as at 31 October 2017 Update as at 31 October 2017 Before 31 October 2017 N. of shares in the total share capital N. of voting rights N. of shares in the total share capital N. of voting rights Total amount with a breakdown as follows: 1,489,538,745 2,283,694,459 1,489,538,745 2,293,499,017 Shares (regular: 01.01.2017) - cod. ISIN IT0001250932 coupon: n. 16 695,383,031 695,383,031 685,578,473 685,578,473 Double voting right shares (regular: 01.01.2017) - cod. ISIN IT0001250932 coupon: n. 16 794,155,714 1,588,311,428 803,960,272 1,607,920,544 sede_HERA.1501171881.jpg List of shareholders with a stake of over 3% 20171106_Hera_Group_list_shareholders_with_stake_over_3.1514995248.pdf 2017-11-06 16:36:59 List of shareholders with a stake of over 3% List of shareholders with a stake of over 3% 2017-06-23