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2017-01-11 208_tommasi_venier.1484133524.jpg Solidly based on data from the 2016 forecast, the new Plan confirms the Group's track record of growth and responds to the most recent changes in the utility sector. Efficiency and innovative solutions fuelling organic growth to be pursued alongside opportunities for development through M&As. Tomaso Tommasi di Vignano, Hera Chairman "Our recently approved Plan confirms a steady path of growth, sustained by traditional tools geared towards enhanced efficiency and growth by acquisitions, all reinforced by the use of new technologies. Improvements in our financial solidity will allow us on the one hand to confirm and further improve the dividend policy pursued in recent years, and on the other to consider the deep transformations currently seen in the sector as a further opportunity for development, potentially involving M&As, as has been the case in the past." Stefano Venier, Hera CEO "Innovation, sustainability and energy efficiency are only a few of the issues addressed by our Business Plan, which is intent on making the most of new trends such as Industry 4.0, Circular Economy and Customer Experience. Our leadership in the main reference markets has been confirmed, sustained by the competitive advantages that we have built up over the years, making us fully prepared to take on ever-changing challenges. This Plan as well has been elaborated in full respect of the financial balance that has defined us until present, with the aim of reinforcing on the one hand our credit standing while maintaining a low risk profile, and on the other continuing to create value for all our stakeholders, guaranteeing the financial flexibility best suited for further developments." Tomaso Tommasi di Vignano and Stefano Venier Hera Group approves Business Plan to 2020 02_20170111_ENG_comunicato_Piano_industriale_16_20_final.1484305892.pdf 2017-01-13 sinistra 14:07:37 Il Gruppo Hera approva il Piano industriale al 2020

2017-01-11 870_Aliplast.1484218019.jpg The company based in Ospedaletto di Istrana (Treviso), a national centre of excellence in plastic recycling, joins the Hera Group, which thus confirms its position as one of the main players in Italy in recycling and the development of the circular economy. The company based in Ospedaletto di Istrana (Treviso), a national centre of excellence in plastic recycling, joins the Hera Group, which thus confirms its position as one of the main players in Italy in recycling and the development of the circular economy. Herambiente, a Hera Group company and national leader in waste treatment and recovery, signed a binding agreement with Aligroup S.r.l. for the acquisition of the Aliplast Group, a national leader in the segment of plastic waste collection, recycling and regeneration, with an integrated process that transforms waste into products available for reuse. This transaction regards the acquisition of Aliplast shares through a process entailing the acquisition of 40% in the course of the current year, an additional 40% by the end of March 2018 and the remaining 20% by the end of June 2022. The transaction's enterprise value amounts to roughly Euro 100 million and implies an EV/Ebitda multiple of around 6.5x, with no dilutive effects for Hera shareholders. The price also includes an additional component in favour of Aligroup S.r.l. in the form of an earn-out when specific incremental Ebitda level results are achieved. The performance of the agreement is subject to the conditions typically applied in analogous transactions and in particular obtaining the authorisation or consent to the acquisition from the Italian Antitrust Authority. The Aliplast Group, which processes more than 80,000 tonnes of plastic materials every year, is expected to achieve turnover exceeding Euro 100 million and EBITDA of more than Euro 15 million in 2016. This important transaction represents a further step in the process initiated some time ago for the transition from disposal towards recycling and recovery, with a view to optimising resource usage. It is part of the ongoing process of expanding the corporate scope launched by the Hera Group several years ago and is in line with the geographical expansion and integration strategy. With this transaction, which is complementary to those completed in 2015 regarding Waste Recycling (Tuscany) and the environmental assets of Geo Nova (Treviso), Herambiente is further expanding its portfolio of industrial customers. At the same time, it has enriched its commercial offering with a unique, distinctive element capable of accelerating and facilitating the achievement of the 2020 sustainability objectives. Therefore, Herambiente has established itself as a reliable partner with expertise in the management of all industrial waste, capable of proposing efficient solutions with a complete set of services and processes aimed at creating value. Founded by Roberto Alibardi in 1982, Aliplast is a national centre of excellence, and today is the leader in the collection and recycling of plastic industrial waste and the production of regenerated polymers. It was the first company in Italy to achieve full integration throughout the entire plastic life cycle: from waste management services and the collection of industrial scrap to the production and sale in the market of goods and packaging materials manufactured from plastic recycled in house. It has more than 300 employees working in five plants in Italy and three abroad (Spain, France and Poland). Its head office is located in Ospedaletto di Istrana (Treviso). Its main customers include the largest Italian food & beverage, home furnishings and ceramics brands. For this transaction, the Hera Group engaged Studio Grimaldi for legal aspects and Lazard for financial aspects, while the Aligroup Group received support from Special Affairs, through partner Domenico Greco, acting as business and financial advisor for the transaction, and Allen&Overy for legal matters. "Aside from further strengthening the Group's scope, this transaction joins the many other initiatives that Hera is implementing to promote the circular economy", noted Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group. "We have already reached some of the important strategic objectives for 2025 and 2030 established by the European Union and, as we intend to continue on this path, we believe it is important to integrate businesses capable of achieving levels of efficiency and excellence that can meet the challenges that lie ahead of us. Aliplast meets these requirements perfectly, and we are certain that it will be able to make its own original contribution, also and especially in terms of the drive towards innovation". "Aliplast has developed over the years thanks to the quality and competitiveness of its products, and I believe that its integration with a waste management services leader such as the Hera Group can provide additional benefits for our customers as well", explained Roberto Alibardi, Director and principal shareholder of Aliplast. "We have shared the Business Plan with the new shareholder and we have the same outlook regarding strategic development policies, so it was natural for us to remain in the company as a manager in the coming years". Herambiente acquires Aliplast Herambiente acquires Aliplast 01_20170111_ENG_comunicato_acquisizione_Aliplast_final.1484306851.pdf 2017-01-13 14:08:28

2017-01-11 870_Aliplast.1501171634.jpg The Ospedaletto di Istrana (Treviso) company, a national leader in plastic recycling, becomes part of the Hera Group, which thus confirms itself as one of Italy's foremost protagonists in recycling and in the development of a circular economy. Herambiente purchases Aliplast http://ha.gruppohera.it/ Herambiente Herambiente, a Hera Group company and national leader in waste treatment and recovery, has signed a binding agreement with Aligroup S.r.l. to purchase the Aliplast Group, a widely recognised protagonist in Italy in the sector of collecting and recycling plastic waste, whose subsequent regeneration is part of an integrated process that transforms waste into products available for reuse. The operation regards the acquisition of Aliplast shares, following a path that calls for 40% to be purchased within the current fiscal year, a further 40% within March 2018 and the remaining 20% within June 2022. The operation's enterprise value amounts to roughly € 100 million and implies an EV/EBITDA multiple of approximately 6.5, with no dilution for Hera shareholders. The price furthermore provides for an additional component going to Aligroup S.r.l., defined as an earn-out provided upon reaching specific incremental results in EBITDA. The agreement's implementation is subject to the usual conditions for similar operations, in particular theItalian Antitrust Authority's authorisation or non-prohibition of the purchase. For the Aliplast Group, which processes over 80,000 tonnes of plastic material per year, a turnover of over € 100 million and an EBITDA of over € 15 million are expected for 2016. This important operation further accentuates the shift, which has been underway for some time, from disposal to recycling and recovery, with a view to optimising resource usage. It is part of the Hera Group's ongoing efforts to broaden the boundaries within which it operates, a goal which has been pursued for years and is in line with its strategy of geographical expansion and integration. With this operation, complementary to the ones involving Waste Recycling (Tuscany) and the environmental assets of Geo Nova (Treviso) carried out in late 2015, Herambiente will further expand its industrial client portfolio. At the same time, it will enrich its own commercial offer with a distinctive, even unique factor which is able to accelerate and facilitate the achievement of sustainability goals in 2020. Herambiente has thus established itself as a trustworthy partner, provided with expertise in managing all forms of industrial waste and able to offer efficient solutions with a complete set of services and processes aimed at creating value. Established in 1982 by Roberto Alibardi, Aliplast is a national centre of excellence, a market leader in collecting plastic industrial waste and recycling and producing regenerated polymers. It was the first enterprise in Italy to fully integrate the entire life cycle of plastic, from environmental services in managing and collecting industrial residues to production and market sales of manufactured goods and packaging materials, produced with plastic recycled by the company itself. Over 300 employees work in five plants in Italy and three abroad (Spain, France and Poland). The company headquarters is located in Ospedaletto di Istrana (Treviso). Its main clients include the most important Italian brands dealing with food & beverages, home furnishings and ceramics. For this operation, the Hera Group turned to the legal services of Studio Grimaldi and the financial services of Lazard, while the Aligroup Group was supported bySpecial Affairs, through its partner Domenico Greco, acting as industrial and financial advisor for the operation, andAllen&Overy for the operation's legal aspects. "In addition to further consolidating the Group's perimeter, this operation finds its place alongside the many initiatives implemented by Hera in promoting a circular economy", states Tomaso Tommasi di Vignano, Chairman of the Hera Group. "We have already reached some of the significant strategic objectives set by the European Union for 2025-2030, and our desire to continue along this path leads us to believe in the importance of integrating enterprises that have achieved levels of efficiency and excellence that enable us to meet the challenges that await us. Aliplast perfectly fulfils these requisites and we are certain that it will be able to offer an original contribution of its own, oriented above all towards innovation." "Aliplast has developed over the years thanks to the quality and competitiveness of its products, and I believe that becoming part of a leading protagonist in environmental services such as the Hera Group will bring further benefits to our clients as well", explains Roberto Alibardi, Administrator and principal shareholder of Aliplast. "We have now shared a Business plan with our new associate, and our respective outlooks on strategic development are perfectly in line with one another, making it only natural for us to remain within the enterprise, acting as manager in the upcoming years." press_release.1484130340.pdf 2016-04-05 14:08:00 Herambiente purchases Aliplast

2017-01-04 vvvv.1483537355.1484124396.jpg The multiutility company comes into line with the best practices of important international groups and, in accordance with EU objectives and the UN agenda, it guarantees that as of this year all activities managed in Emilia Romagna will be 100% fuelled by "clean" electricity. "We have worked on this for some time now, and for us the achievement of this goal in 2017 represents a highly important accomplishment", affirms Stefano Venier, Hera Group CEO. "We are planning to apply this standard throughout our entire Group as soon as possible. Precisely because the fight against climate change is an increasingly urgent global priority", Venier continues, "as a responsible company we will do our part with the objective of further reducing our internal consumption while also continuing with our constant contribution to the sustainability objectives set by the UN agenda". Stefano Venier, Hera Group CEO Hera is using solely renewable energy as of 2017 20170104_Hera_dal_2017_tutta_l_attivit_a_energia_rinnovabile_def_2_EN.1484124496.pdf 2017-01-11 sinistra 09:43:11 Hera: dal 2017 utilizza solo energia rinnovabile

42 _pergamena_350x_s1.1480610108.png Fiorenza Bavieri middle Hera was awarded for the excellent structure of its financial report, which was defined as "very easy reading and very well structured", mainly due to the remarkable highlights of main financial topics in every page. Great appreciation was also reserved to the dialog with CSR stakeholders, also thanks to Heralab (link a Heralab) projects and BS Hera is one of the three companies shortlisted as the best for financial communication at the nationwide 2016 FERPI oscar 15 Hera is one of the three companies shortlisted as the best for financial communication at the nationwide 2016 FERPI oscar /binary/hr_ir/ir_riconoscimenti/_EXE_PERGAMENA_oscar_di_bilancio_Hera.1480609984.pdf _EXE_PERGAMENA_oscar_di_bilancio_Hera.1480609984.pdf 1 0 Fiorenza Bavieri 2012-12-03 sinistra Oscar di Bilancio 2016 - I Vincitori

2016-11-25 approvvigionamento_elettrico.1501233137.png Around 500 million Euros in estimated annual turnover, with resultant positive effects in terms of operating profit. The Hera Group company will manage this service in the 2017-2018 two-year period for approximately 45,000 supply points, supplying a total of over 2 TWh of energy per year From 1 January 2017 until 31 December 2018, the Hera Group's sales company Hera Comm will manage electricity services for safeguarded customers in eleven regions: Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Tuscany, the Marche, Umbria, Sardinia, Campania, Abruzzo, Calabria and Sicily, which correspond to six contract areas in the national Single Buyer competitive contracting process. This service covers approximately 45,000 supply points for safeguarded customers in the regulated market, for approximately 2.2 TWh of total energy. The annual turnover deriving from the management of this service is estimated at approximately 500 million Euros, which is over 50 million more than the previous period and will result in a significant improvement in the performance of the Hera Group in electricity sales both in terms of EBITDA (which amounted to 65 million Euros in 2015) and operating profit. The service of supplying electricity to safeguarded customers, which Hera has managed since 2009, involves public administrations and specific businesses with more than 50 employees or more than 10 million Euros of turnover or companies that utilize medium voltage and have not chosen a provider on the unregulated market or are temporarily without a provider. Hera Comm was chosen to provide electricity to safeguarded customers in these 11 regions due to its economically advantageous offer. This is an important achievement that joins others such as Hera's recently being awarded the natural gas default service for end customers for the October 1, 2016 - September 30, 2018 period in the same number of regions (Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Trentino-Alto Adige, Tuscany, the Marche, Umbria, Valle d'Aosta, Piedmont, Liguria and Lombardy). In this way the Hera Group confirms its leading place among energy providers on the Italian stage, with over 2.1 million energy customers served, a fifth-place position among electricity providers at the national level (with over 9.6 TWh of electricity sold in 2015 ) and a fourth-place position in natural gas sales (with approximately 3.4 billion cubic meters of gas sold). As Stefano Venier, CEO of the Hera Group, has stated: "We are proud to have won this competitive bidding process, as we won the default gas one, because it represents an important step forward in terms of developing our commercial services. The experience we have gained in this sector over the past seven years will allow us to offer businesses and PA our professionalism and expertise in the management of a major market share of energy customers throughout Italy." _press_release.1480324424.pdf 2016-10-06 07:15:00 Hera Comm si aggiudica la gara per l'approvvigionamento elettrico in regime di salvaguardia in 11 regioni

2016-11-21 _870.1479742296.1479806595.JPG The Oscars of online communications have been awarded. The multiutility company's website placed second, preceded only by Snam. The award is based on a national study of the websites of 70 companies conducted by the experts from Lundquist and Comprend. The Oscars of online communications have been awarded. The multiutility company's website placed second, preceded only by Snam. The award is based on a national study of the websites of 70 companies conducted by the experts from Lundquist and Comprend. The Hera Group has earned a place on the podium at Webranking 2016, the Oscars of web communications. The multiutility company was awarded the "silver medal" based on the research conducted by Lundquist and the Swedish Comprend, digital communications experts. Every year, they screen the websites of the largest Italian companies listed on the stock exchange and their respective web communications strategies in order to draw up a national ranking, which this year included 70 companies. Hera finished in second place in this 15th edition of the report, with a score of 91.8/100, improving by a good two positions since last year and coming in ahead of large companies like Eni, which placed third. Snam was classified in first place. In addition, Hera was first in the utilities sector. All of the results can be viewed here. The multiutility company's strengths included its online publication of the Sustainability Report - a report featuring non-financial information which is prepared by just half of the companies observed. Hera, however, has prepared this report for its stakeholders since 2002 and has made it available online since 2006. Lundquist also surveyed the history of the best companies on the web in Italy by analysing the Webranking results from 2011 to date. In this hall of fame encompassing 15 years of rankings, Hera came in third, just after Eni and Telecom. The Webranking study is also a kind of stress test on company transparency: it assesses their digital communications based on the needs of stakeholders, who seek out not only interesting content, but also simple forms of online navigation. According to the report accompanying the study, only slightly more than one company out of three passes the test, and this year the trend observed by Lundquist is that what counts is the commitment to transparency, not big budgets. Indeed, the best results were achieved precisely by midcaps like Hera, medium-sized companies that have a strong desire to improve and stand out in the market. The awards ceremony will be held on 30 November in the Buzzati room at the Corriere della Sera headquarters in Milan, during an event organised by Lundquist which will provide the opportunity to discuss the new frontiers of digital corporate communications. Webranking 2016: Hera wins silver medal Webranking 2016: Hera wins silver medal _20161121_webranking_hera_EN.1479806596.pdf 2016-09-23 17:58:50 Bilancio di Sostenibilità