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Number of directors passes from 14 to 15, with an additional member representing minority shareholders. Increased presence of women in the Board of Directors and the Board of Statutory Auditors. Renewal of the Board of Directors, with an additional director representing minority shareholders Furthermore, the Board of Directors was renewed for the upcoming three years (in office until the Meeting held to approve the financial statements for 2019), with its components passing from the previous 14 to the current 15 members, with an additional director representing minority shareholders. This came about in implementation of the amendment of the Articles of Association (approved by the Shareholders Meeting held on 28 April 2015) calling for an increase, as of 2017, of the number of current members of the Board of Directors from 14 to 15, 4 of whom (instead of 3) to be elected from the lists presented by minority shareholders. As per the outcome of the voting, the following have been appointed to the Board of Directors: Majority list (representing Hera's public shareholders' Agreement): Tomaso Tommasi di Vignano, Stefano Venier, and the independent directors Giovanni Basile, Giorgia Gagliardi, Stefano Manara, Danilo Manfredi, Giovanni Xilo, Sara Lorenzon, Marina Vignola, Aldo Luciano, Federica Seganti. Minority list: the independent directors Massimo Giusti, Erwin Paul Walter Rauhe, Francesca Fiore, Duccio Regoli. Renewal of the Board of Statutory Auditors As regards the Board of Statutory Auditors, the following were appointed: Majority list (representing Hera's public shareholders' Agreement): Marianna Girolomini, Antonio Gaiani (standing auditors), Valeria Bortolotti (alternate auditor). Minority list: Myriam Amato(President), Stefano Gnocchi (alternate auditor) Increased presence of women in the Board of Directors and the Board of Statutory Auditors The composition of the Group's corporate bodies fully implements the provisions contained in Law no. 120 of July 12, 2011 (already transposed into Hera's Articles of Association by the 2013 Shareholders Meeting), which introduced the principle of gender balance in the corporate positions of listed companies. To this end, the law foresees that the breakdown of directors and statutory auditors to be elected be reached in such a manner that the least represented gender obtains at least one third of the members of the Board of Directors and of the Board of Statutory Auditors. The presence of women thus comes to 5 out of the 15 members of the Board of Directors and 2 out of the 3 standing members of the Board of Statutory Auditors. Other resolutions approved The Meeting approved the renewal of its authorisation for the Board of Directors to purchase treasury shares (and arrangements for their disposal), for a maximum amount of € 180 million over 18 months. This authorisation renewal was requested to pursue the aims allowed by current regulations and accepted market practices, including investment opportunities involving the use of treasury shares to increase the creation of value and any acquisitions of holdings that also involve equity trading. The Meeting furthermore confirmed remuneration policies for members of the Board of Directors, maintaining unchanged the amount due. Lastly, the reports on corporate governance was put to the Meeting's attention, which contains a few changes in line with international best practices. Hera top management confirmed The session dedicated to the assignment of Hera's Board of Directors, appointed this morning by the multi-utility's Shareholders Meeting, was held this afternoon in Bologna. The Board appointed the Chairman, the Vice Chairman and the CEO. Tomaso Tommasi di Vignano was confirmed as Hera's Chairman, acting as executive administrator. Born in Brescia, he has been guiding the Hera Group since it was created in 2002, after accumulating at length experience in telecommunications and in the utility sector. Giovanni Basile was confirmed as Hera's (non-executive) Vice Chairman. He has held this office since 2014. Born in Modena, a licensed accountant and auditor, he is a board member and statutory auditor of a number of companies and non-profit organisations in Italy and abroad. Stefano Venier was confirmed as CEO. Born in Udine, he has been part of Hera since 2004, previously holding the position of Development and Market General Director. Prior to that, Venier held positions with increasing responsibility in the Eni Group and at a leading international consulting firm, in which he acted, between 2002 and 2004, as Vice President for Energy & Utilities. Continuity in corporate governance policies has therefore been reaffirmed as one of the Hera Group's main strengths, as shown by a study by Kepler Cheuvreux dating to 14 February 2017 of the four local utilities, in which Hera was positively evaluated thanks to no other than its stable governance and management credibility, along with its solid foundations, low-risk growth strategy, future growth opportunities and attractive dividend policy. video_azionisti_870x320_2017_eng_1499701045.1533221082.jpg 2017 Annual Shareholders' Meeting - Welcome to the shareholders - Tomaso Tommasi di Vignano Executive Chairman - Gruppo Hera https://www.youtube.com/watch?v=fsxyokCvJ_g=0#prettyPhoto Gruppo_Hera_pressrelease_eng_cda.1493301306.pdf 2017-04-27 15:53:16 2017-04-27

Hera informs that documents listed below, related to the 27 April 2017 AGM, are available at the Company's headquarter, on line (www.gruppohera.it) and on the authorized archive system 1 Info www.1info.it. Lists of candidates for the office of member of the Board of Directors Lists of candidates for the office of Company Auditors riunione.1501227958.jpg Press_release_Hera_AGM.1491408311.pdf 2017-04-06 15:01:00 Publication of documents related to the AGM of 27 April 2017 Publication of documents related to the AGM of 27 April 2017 2017-04-05

Hera informs that consolidated and separated financial results as at 31/12/2016, approved by the B.o.D. are available at the Company's headquarter, on line www.gruppohera.it and on the authorized archive system 1 Info www.1info.it. Also available the report on item 2 of the AGM (ordinary part). avviso_pubblicazione_e_stoccagio_bilancio_ENG.1491317653.pdf 2017-04-05 15:38:00 Hera Spa Publication of consolidated and separated financial results as at 31/12/2016 2017-04-04

Herambiente's purchase of the first 40% of shares of the Treviso-based company, a national leader in plastic recycling, was completed today. A further 40% will be purchased within March 2018 and the remaining 20% within June 2022. The acquisition by Herambiente, a Hera Group company and national leader in waste treatment and recovery, of 40% of shares in Aliplast, a widely recognised protagonist in the sector of plastic waste collection and subsequent regeneration, was brought to completion in Bologna today. A further 40% of the company's shares will be acquired within March 2018, and the remaining 20% within June 2022. The overall amount involved in purchasing 40% of Aliplast comes to roughly € 35.4 million, to which one must add a further € 1.2 million for receiving, in 2014, a contribution as an energy consuming enterprise. The purchase was carried out using the Group's own resources. This important operation, complementary to the ones involving Waste Recycling (Castelfranco di Sotto, Pisa) and the environmental assets of Geo Nova (Treviso) in late 2015, as well the more recent acquisition of Teseco (Pisa) plants, is part of the path towards enlarging the Hera Group's consolidated scope, pursued as of some years, and is in line with the Group's strategy of geographical expansion and integration. Thanks to the acquisition of Aliplast, alongside the recent announcement of the beginning of works on the first biomethane production plant, in the area surrounding Bologna, the Hera Group has consolidated its position as a leader in furthering the principles of a circular economy, in which waste is transformed into resources. Suffice it to recall that even in 2016, without the contribution coming from these plants, Hera recycled 64% of packaging products, compared to the 65% set as an objective for 2025, and recovered over 94% of sorted waste. Established in 1982 by Roberto Alibardi and based in Ospedaletto di Istrana (Treviso), Aliplast is a national leader in plastic industrial waste collection and regenerated polymer recycling and producing, with over 80,000 tonnes of plastic materials recycled every year. 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 and packaging to production and market sales of manufactured goods and packaging materials, produced with plastic recycled by the company itself. Over 300 employees work in Aliplast's five plants in Italy and three abroad (Spain, France and Poland). "We are very satisfied with this signing - states Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group - which represents an important step towards the complete acquisition of Aliplast. With this operation, we have given new momentum to our long-standing commitment to a circular economy, giving full value to a company that was a pioneer in Italy, offering many lessons and acting ahead of its time. The future - Tommasi continues - must be shaped by bringing to fruition the most outstanding experiences in our own tradition. This will contribute to further growth and allow us to continue overcoming, together, to the benefit of the Group and the areas served, the challenges in sustainability and innovation that await us." "Today is an important day for Aliplast - adds Roberto Alibardi, Administrator and principal shareholder of Aliplast. Now that we have concretely become part of the Hera Group, a new era has indeed opened up, in which the know-how developed by Aliplast will be given further value and expanded, working in the interests of our present and future clients. We will continue working within the company, therefore, to favour the process of integration and formulate the type of managerial contribution that is most appropriate in pursuing the industrial objectives we share with our new partner, together with whom we are eager to achieve new goals." 870_Aliplast.1501171633.jpg Hera Group: first step in Aliplast acquisition completed http://ha.gruppohera.it/ Herambiente 03.04.2017_press_release_first_step_in_aliplast_acquisition_completed.1491298540.pdf 2017-04-03 13:12:00 Hera Group: first step in Aliplast acquisition completed Hera Group: first step in Aliplast acquisition completed 2016-04-05

A virtuous circle that begins with families and returns to citizens, made possible by the new plant that Hera will create in S. Agata Bolognese within 2018, the first multi-utility in Italy to do so. A € 30 million investment, it will lead to the annual production, at full capacity, of 20,000 tonnes of high-quality natural fertiliser and 7.5 million m3 of biomethane, a 100% renewable combustible, improving the carbon footprint of the Group and the area in which it operates. A converted and fully modernised plant With this conversion and modernisation project, work will be done on an already existing site which has hosted for many years a working plant authorised for higher quantities than those now foreseen at full capacity (going from 150,000 to 135,000 tonnes per year, with an ensuing reduction in vehicle traffic) and that will exclusively process sorted waste. Previously, non-sorted waste was taken to the site to be treated and disposed of in the neighbouring landfill. Once the latter's capacity was filled, Herambiente, pursuing the objectives of a circular economy, chose not to expand it, even though authorisation had already been obtained and the project included in provincial planning. The new plant's machinery and operations will be located indoors, minimizing the impact of noise and odours. The air treatment system of the current composting plant is also scheduled to be upgraded, to reduce the odours coming from the phase in which the materials are processed. Composting will take place in cells, constructed inside the plant's buildings, closed and aspirated one by one. The exhausted air drawn out will go through a deodorisation system consisting of biofilters and a water washing unit (scrubber), a technology already used in Northern Europe in similar plants. A filter room, called a foretrough, will furthermore be created, in the area where the waste is transferred and stored, whose function will be to provide further isolation for the area in which waste coming in from the environment is unloaded and stored. Therefore, no combustion plants are foreseen. An innovative solution, and a benchmark for the Italian market The technologies used in the plant are the fruit of research, studies and European competitions that have led Hera to choose the best of what is now available on the market. The project is already becoming a benchmark for the Italian market and will undoubtedly act as a reference point for the entire country. Bearing in mind that new national legislation is expected within next summer, which will promote this type of plant as a source of renewable energy above all by encouraging biomethane production for use in automobiles, further impetus will certainly be added to projects such as this. "Environmental sustainability and a circular economy are two of the main areas on which Hera's innovative policies are focused, with the objective of valorising, and drawing the greatest benefit from, waste and refuse", comments Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group. "This is why we are working on various projects, the most important of which is the S. Agata Bolognese biomethane plant, which also represents a concrete answer to needs such as treating the increasing volumes of sorted waste and contributing to improving both air quality and the carbon footprint. The project respects the guidelines contained in the European commission's "Clean energy for all" package, concerning both energy efficiency, reducing consumption of fossil sources, and second-generation bio-carburant production, including biomethane, coming from waste instead of farmed products. Furthermore, we are already looking into new and innovative processes to valorise other areas of production, such as purification sludge and prunings, to obtain new-generation combustibles". santagata_biometano_infografica_eng_opt.1501172262.png http://ha.gruppohera.it/news/biomethanehera ha.gruppohera.it/news/biomethanehera press_release_biomethane_28032017.1490712750.pdf 2017-03-28 16:26:00 From sorted organic waste to biomethane From sorted organic waste to biomethane 2016-04-05

We hereby announce that a note of convocation has been published on the Company's website (www.gruppohera.it) for the Ordinary Shareholders Meeting convened at the registered office of Hera S.p.A. - Viale C. Berti Pichat n. 2/4, Bologna - in the "Spazio Hera" area - on 27 April 2017 at 10:00 in a single call to discuss and resolve on the following: Agenda 1. Financial statements for the year ended 31 December 2016, management report, profit allotment proposal and Board of Statutory Auditors and Independent Auditors report: related and consequent resolutions. Presentation of the consolidated financial statements as at 31 December 2016. 2. Presentation of the corporate governance report and non-binding resolutions pertaining to remuneration policies. 3. Renewal of authorisation to purchase treasury shares and procedures for arrangement of the same: related and consequent resolutions. 4. Appointment of the members of the Board of Directors: related and consequent resolutions. 5. Quantification of compensation for members of the Board of Directors: related and consequent resolutions. 6. Appointment of the members and the Chairman of the Board of Statutory Auditors: related and consequent resolutions. 7. Quantification of compensation for members of the Board of Statutory Auditors: related and consequent resolutions. The full text of the proposed resolutions, together with the related reports and the documents which will be put to the meeting, are available to the public at the Company's registered offices and on its website (www.gruppohera.it), as well as on the authorized storage website 1Info (www.1Info.it) under the legal terms foreseen for each of the subjects treated. Right to attend and participation by proxy All those entitled to vote at the end of the accounting day of 18 April 2017 (record date), and those from whom the Company has received the appropriate notification via an authorised intermediary, are eligible to attend the Shareholders Meeting. Each person entitled to take part may request a representative to attend the Shareholders' Meeting, in accordance with the law, having the right to use the proxy form available on the Company's website for this purpose. The Company has appointed Computershare S.p.A. as a representative whom shareholders with voting rights can nominate as a proxy with instructions for voting via the dedicated proxy form available on the Company's website. Other Shareholders' rights The notice with which the Meeting has been convened is available on the Company's website (www.gruppohera.it) and contains all information and detailed instructions as to the rights Shareholders may exercise (present questions, make requests for integrations of the agenda, file lists for the appointment of members of the Board of Directors and the Board of Statutory Auditors). Nuova_Palazzina_870x.1533216684.jpg Avviso_di_convocazione_Assemblea_27_aprile_2017_eng.1488879256.pdf 2017-03-07 10:21:00 Shareholders meeting notice Shareholders meeting notice 2016-04-05

Gruppo Hera informs that AGM documents are now available: On Hera headquarter in Bologna On the authorized depository system 1INFO (www.1Info.it) On the dedicated pages of the company website http://eng.gruppohera.it/group/corporate_governance/shareholders_meetings/ Nuova_Palazzina_1_870x.1533216772.jpg COMUNICATO_PER_PUBBLICAZIONE_DOC_ASS_7_ENG.1488880487.pdf 2017-03-07 11:02:00 Release of documents related to Gruppo Hera AGM to be held on April 2017 Release of documents related to Gruppo Hera AGM to be held on April 2017 2015-11-12

Thanks to this operation, whose enterprise value amounts to roughly € 100 million, the Hera Group confirms its position among Italy's leaders in recycling and developing a circular economy. Authorisation has been granted by the Italian antitrust authority (Autorità Garante della Concorrenza e del Mercato, AGCM) for the acquisition carried out by Herambiente, a company of the Hera Group and a nationwide leader in waste treatment and recovery, of the Treviso company Aliplast, an outstanding operator in the sector of plastic waste collection and recycling with subsequent regeneration. The implementation of the agreement, signed last 11 January by Herambiente and Aligroup S.r.l., was in fact subject to conditions that are the norm for similar operations, among which gaining authorisation for the acquisition from antitrust authorities. As foreseen by the agreement, Herambiente and Aliplast will therefore undertake all that is required to purchase 40% of Aliplast's shares in the upcoming weeks. A further 40% will be acquired within March 2018 and the remaining 20% within June 2022. The operation's enterprise value, it should be recalled, amounts to roughly € 100 million and implies an EV/EBITDA multiple of approximately 6.5, non-dilutive for Hera shareholders. This important operation, complementary to those finalised in late 2015 involving Waste Recycling (Castelfranco di Sotto, Pisa) and the environmental assets of Geo Nova (Treviso) as well as the more recent acquisition of the Teseco plants (Pisa), is part of a move to enlarge the geographical area in which the Hera Group operates, initiated some years ago and in line with the Group's strategies of territorial expansion and integration. Falling under the objective of developing a green model, towards which the Hera Group has actively contributed over its entire history, the acquisition of Aliplast furthermore consolidates Herambiente's market presence with a distinctive and unique element, in line with the principles of a circular economy in which waste is transformed into resources. Herambiente is among the first companies in the waste sector to have decided to take on the challenges raised by changes currently taking place in the world of industry. It is thus able to place activities such as waste recovery, treatment and disposal alongside others that call for the utmost efficiency in resource management. It is also able to offer strategic advice concerning resource lifecycle productivity in order to accelerate and facilitate the achievement of 2030 sustainability goals. These are, incidentally, objectives that Herambiente has already achieved in the areas it serves in managing urban waste, of which only 8.5% was disposed of in landfills in 2015. Established in 1982 by Roberto Alibardi and operating out of Ospedaletto di Istrana (Treviso), Aliplast is a national centre of excellence in plastic industrial waste collection and recycling and regenerated polymer production, with over 80,000 tonnes of plastic materials recycled every year. It was the first enterprise in Italy to fully integrate the entire lifecycle of plastic, from environmental services in managing and collecting industrial packaging and residues to production and market sales of manufactured goods and packaging materials, produced with plastic recycled by the company itself. Over three hundred employees work for Aliplast, distributed among its five plants located in Italy and three found abroad (Spain, France and Poland). Its main clients include the most important Italian brands involved in food & beverages, home furnishings and ceramics. 870_Aliplast.1501171634.jpg http://ha.gruppohera.it/ Herambiente CS_20170306_da_Antitrust_ad_acquisizione_Aliplast_eng.1488967654.pdf 2017-03-06 18:21:00 Hera Group: control of Aliplast reaches 80% 2017-03-06