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2025-01-22 The framework agreement, signed today by the parties, will reinforce AIMAG industrially and financially, with the aim of creating value through both synergies with the Hera Group and an investment plan with positive repercussions on the areas served. The agreement calls for a capital increase in kind in the coming months through the conferral to AIMAG by Hera of an approximately 45% stake in a Newco managing the integrated water service in the province of Modena, currently managed by Hera. Following the capital increase in kind, Hera’s stake in AIMAG will rise from the current 25% to roughly 41% and will acquire the industrial governance guaranteeing the achievement of the expected synergies, while the Public Shareholders will retain 51% of the AIMAG share capital.. centrata Today, the Boards of Directors of AIMAG S.p.A. and Hera S.p.A. agreed to sign a framework agreement that will introduce a new phase in the project for an industrial partnership between the two parties. The AIMAG Group, owned by 21 municipalities located in the provinces of Modena and Mantua, operates in the waste management, water cycle and energy sectors; in 2023, its consolidated turnover amounted to 400 million, with Ebitda at over 60 million and a net financial position at 210 million euro. AIMAG can rely on a customer base in the energy supply business coming to over 230,000, along with 121,000 POD in gas distribution, 72,000 citizens served and 2,000 km of networks in the integrated water cycle, and a waste collection and treatment business serving over 176,000 citizens in 12 municipalities. Their geographical proximity and a perfect match of the portfolio mix strengthens the synergic prospects of the industrial partnership between AIMAG and the Hera Group. The transaction will be subject to the usual conditions foreseen for this type of operation and to all communications and approvals by the competent authorities and bodies. The parties expect to complete the transaction within June 2025. The path includes, among other things, a capital increase in kind consisting of a conferral by Hera to AIMAG of an approximately 45% stake in a Newco to which the activities pertaining to the integrated water service in the province of Modena, currently owned by Hera S.p.A., will be transferred, concerning the management of 7,300 km of networks serving approximately 470,000 thousand citizens. As of now, a single hub for Modena’s water cycle will thus be formed, making possible synergies and integrated developments of the current systems and enabling greater investments and significant improvements in the resilience of the water network. The capital increase was defined by valuing AIMAG at roughly 7x its 2024 Ebitda and the newco at approximately 1.2x the RAB, and as a result Hera’s stake in AIMAG is expected to rise from 25% to approximately 41%, while the Public Shareholders will retain a majority with 51%. This reinforcement of AIMAG’s capital structure, along with the industrial and financial synergies obtained through Hera’s industrial governance, implying its consolidation line by line in the accounts, will enable an investment plan in the 2025-2028 period amounting to a total of over 250 million euro, for AIMAG and the Newco, to enhance the infrastructures of all portfolio activities, with consequent positive effects for all stakeholders. For the transaction, Hera was assisted by the Lazard team for the financial part and by the Grimaldi law firm for the legal part, while AIMAG made use of PwC as strategic and financial advisor for the operation, of Professor Marco Maria Mattei as advisor for the valuation and, for the legal part, of Professor Lawyer Tommaso Bonetti of the Bonetti law firm and of the BLF firm.   PR - AIMAG and Hera partnership strengthened.pdf 19:00:00 sede_hera_110 (2).jpg Download Press Release sede_hera_110 (2).jpg

2025-01-16 The Group has been confirmed as one of the best companies in Italy and worldwide in human resource management, thanks to its commitment to combining corporate growth, collective wellbeing and sustainable development centrata For the sixteenth consecutive year, the Hera Group has been certified as a Top Employer for its labour policies. This is a remarkable achievement, since this certification is among the most significant recognitions internationally given to companies that meet high standards in human resource management by the Top Employers Institute, a global certifier of corporate excellence in HR (Human Resource), based in the Netherlands. Top Employers Certification is awarded to companies that meet the high standards required by the HR Best Practices Survey. The analysis, which is highly attentive and increasingly selective from year to year, covers 6 macro-areas related to human resource management and examines in depth 20 different topics and the respective best practices, including: recognition of people and their professionalism, work environment, career opportunities, training and development, valuing diversity, fairness and inclusion, and well-being. This year the Top Employers programme recognised and certified 2,429 Top Employers in 125 countries worldwide, including the Hera Group. The main strengths that enabled the Hera Group to achieve this important result are: safety, procurement, sustainability, inclusion, wellbeing and people development. In these areas, investments coming to 60 million euro have been planned for the 2024-2027 four-year period in staff training, a third of which will be dedicated to safety. 2,600 new hires are also foreseen along with many initiatives for the development of new skills, to support parents, frail people, caregivers and to valorise different abilities. The Group’s investment in and commitment to the growth and wellbeing of its people includes combating gender-based violence and promoting inclusion. The new elements of 2024 included the Good Work Deal, signed in July with the trade unions, a forward-looking and virtuous document that provides a new reference point nationwide, capable of combining corporate growth, sustainable development and collective wellbeing, and that encompasses the good practices of valuing people accumulated over the years, making them a resource that is shared with the trade unions. This document was drafted using an inclusive language, ensuring it could be accessed in digital format as well to make it usable for blind or visually impaired persons using screen readers. The foremost novelty in the Good Work Deal lies in the calculation of the performance bonus, which is partially based on the Hera Group’s ability to increase shared value (in addition to the progressive annual increase in the same bonus, amounting to 225 euro per year over the 2025-2027 three-year period). This is accompanied by a series of people development actions in terms of evolving working methods, accelerating process digitalisation and increasing the value of sustainability and circularity. The good quality of life of the Group’s over 10,000 employees is also supported by its extensive welfare plan, offering them a wide range of services, in which the company invests 18 million euro every year. The most significant initiatives include free psychological support sessions, personalised diet plans and sessions with physiotherapists and posturologists, health promotion and prevention programmes with free check-ups and screenings, initiatives to support parenting and childhood education, and sustainable mobility. David Plink, CEO of the Top Employers Institute “Through advances in technology, economic change and the evolving social landscape, it is inspiring to see people and organisations challenge themselves. This year, the Top Employers Certification Programme highlights the dedication of our Top Employers, who continue to set high standards through world-class HR strategies and practices, promoting growth and well-being while improving the working world. It is with great pride that we celebrate these leaders and teams, capable of putting people at the centre: the Top Employers 2025!” Cristian Fabbri, Hera Group Executive Chairman “This recognition confirms our constant commitment to enhancing our main resource: people, with their skills, professionalism and uniqueness. Our way of being a company is based on respect for their needs and satisfaction, projected towards a path of constant improvement in offering every day services that are indispensable to the lives of citizens and companies.” Hera Top Employer for 16 years without interruption.pdf sede Hera 110x150.jpg

2025-01-16 centrata Please note that the deed of execution dated 8 January 2025 relating to the issue by Hera S.p.A. of a 500 million euro Green Bond is available to the public at its registered office, on the website www.gruppohera.it, and on the authorised storage mechanism 1INFO (www.1Info.it). 20250116 Documentation relating to the issue of a bond published.pdf 14:26:00 sede_hera_110 (2).jpg Download Press Release sede_hera_110 (2).jpg