Press releases

2024-06-11 The Hera Group, through its subsidiary operating in the natural gas distribution sector, strengthens its presence in the area served centrata This morning, at the Hera Group’s headquarters, the Group, acting through its subsidiary Inrete Distribuzione Energia, one of the leading operators in the natural gas distribution sector with over 1.1 million active point of delivery (PoD), and Soelia, a multiservice company wholly owned by the municipality of Argenta (Ferrara), finalised the transaction involving the sale of Soelia’s business unit concerning plants, natural gas distribution networks and related management services. This agreement follows up on the tender called by Soelia and awarded on 15 May to Inrete Distribuzione Energia, which also led this Hera Group subsidiary to acquire Soelia’s 2.85% stake in Sinergas. This transaction further strengthens the Hera Group’s presence in its reference area, thus guaranteeing that an increasingly wide community of citizens benefits from the high standards in service quality, continuity and safety provided by the Group. In particular, Hera has now synergistically consolidated its presence in the municipality of Argenta, near Ferrara, where it already operates the integrated water service. Details of the partnership As of 1 July 2024, the company Inrete Distribuzione Energia will take over from Soelia in the gas distribution service in the municipality of Argenta. Inrete has indeed acquired Soelia’s gas distribution network, which serves approximately 10,000 PoD in the municipality of Argenta with facilities including roughly 240 km of pipelines, 5 high to medium pressure reduction and metering plants, 1 final reduction station and 44 local stations for low pressure reduction. Inrete Distribuzione Energia will take up this management under a renewal agreement, with the commitment of keeping the staff of the company branch acquired from Soelia unchanged. 11:57:00 sede_hera_110.jpg sede_hera_110 (5).jpg

2024-05-15 Kindly note that as of today the minutes of the Shareholders Meeting held on 30 April 2024, 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 09 May 2024. Publication of documents pertaining to the Shareholders Meeting (1).pdf 10:35:00 Nuova_Palazzina_110x150.1533218221.jpg Nuova_Palazzina_110x150.1533218221.jpg

2024-01-24 Development, resilience and creating shared value for stakeholders are at the heart of the Group’s new strategic document, which foresees investments totalling 4.4 billion to speed up the ecological transition and enhance asset resilience to climate change. The preliminary results for 2023 outperform the previous Plan’s goals that have been achieved three years ahead of schedule, thanks to the numerous development actions implemented and the Group’s ability to grasp market opportunities. Business Plan to 2027, operating and financial highlights 2027 Ebitda: 1.650 billion euro (+27% compared to 2022) Five-year investments at 4.4 billion euro Increased return on net invested capital, from 7.9% to 9.5% in 2027 Net debt/Ebitda below 3x over the period covered by the Plan: 2.7x in 2027 7% average annual increase in Earnings per Share Dividends to rise by 28% (up to 16 €cents per share in 2027) Average annual Total Shareholder Return (TSR) at 12%. Business highlights: sustainable growth 2.5 billion euro in investments aligned with the European Taxonomy for Sustainable Investments (98% of eligible investments) Shared-value investments coming to over 70% during the entire five-year plan Increase in shared-value Ebitda, up to over 55% in 2027, reaching 64% of total Ebitda Commitment to reduce total CO2 emissions by 29% within 2027 and by 37% within 2030 confirmed 30% of the investment plan goes towards digitisation and infrastructure innovation 40% of the investment plan contributes to increasing the climate-change resilience of the Group’s infrastructures 10 billion euro distributed over the five-year period 2023-2027 to stakeholders in the areas served by the Group Highlights from 2023 preliminary results Ebitda expected to rise over 1,480 million euro (+14%) Net debt/Ebitda ratio expected to settle below 2.6x (from 3.3x in 2022) Dividend expected at 14 euro cents (+12% over 2022), higher than forecast by the Plan Today, the Hera Group’s Board of Directors, chaired by Executive Chairman Cristian Fabbri, reviewed the preliminary results for 2023 and approved the Business Plan to 2027. Growth in all main key operating and financial indicators, from Ebitda to ROI, earnings per share and dividends, accompanies a focus on financial balance, with net debt/Ebitda ratio stably below 3x. The significant investment plan allocated for the 2023-2027 five-year period will support numerous projects and accelerate activities geared towards strengthening resilience and generating shared value and sustainable development. Hera thus confirms itself as a solid point of reference in its reference markets responding to the challenges of the external context and enabling the ecological, energy and digital transition, the circular economy and resource protection. Preliminary results 2023 Forecast 2023 annual results highlight an Ebitda in excess of 1,480 million euro, up 185 million compared to the 1,295 million euro seen in 2022. This result comes three years ahead of the target set out in the previous Business Plan to 2026 (1,470 million euro), signs highest track record growth and confirms both the strategy undertaken by the Group and its timing in grasping a number of market opportunities that arose in 2023. After the extraordinary conditions seen on energy markets in 2022, the Group’s focus on cashflow and the efficient management of working capital and financial management led to a reduction in the net debt/Ebitda ratio, which is expected to settle below 2.6x, with a clear improvement from 3.3x in 2022. Cristian Fabbri, Executive Chairman of Hera Group: “4.4 billion in investments aimed at industrial development, sustainable growth and resilience underpin our projections of the Ebitda coming to 1.65 billion euro in 2027, up 28% compared to 2022, along with a dividend increase of 5% CAGR. 40% of capex plan will contribute to making our infrastructures even more resilient. A 29% reduction in carbon emissions and our commitment to resource regeneration are concrete examples of our contribution to the ecological transition, and the Ebitda generated by activities that also meet the targets set out in the UN Agenda will rise to 64%. Furthermore, over the five years covered by the Plan we will distribute 10 billion euro to the stakeholders. This Plan fully responds to our Group’s purpose: to generate sustainable value by promoting a ‘just’ transition. The record growth in Ebitda seen in 2023, which we expect to come to over 1.48 billion euro, and the considerable decrease in debt, with the net debt/Ebitda ratio expected below 2.6x, are promising indications and fundamental building blocks of this Business Plan. They are matched by the provisional awarding of more than one million customers in the Italian electricity market liberalization process, allowing us to more rapidly reach 4.3 million energy customers and to consolidate our position as Italy’s third largest operator in this sector.” Orazio Iacono, CEO of the Hera Group: “With Ebitda expected to reach almost 1.5 billion euro in 2023, and financial leverage strongly improving to less than 2.6x, we will meet and exceed the targets set out in the previous Business Plan to 2026 three years ahead of schedule. These results prove the validity of our Group’s strategic vision in seizing market opportunities and our commitment towards sustainable growth in the areas served. This commitment has been confirmed once again by our new Business Plan, with shared-value Ebitda expected to exceed 1 billion euro in 2027, showing a 55% increase in absolute terms over 2022-2027, higher than the growth rate of overall Ebitda, testifying to the growing importance of initiatives that not only generate margins for our company, but are also in line with the objectives found in the UN Agenda. More than 70% of the investments made over the time covered by the Plan will indeed be allocated to sustainability projects that benefit all our stakeholders. Regarding our various businesses, the next five years will see an important contribution to growth in the Group’s results coming from all activities, in particular the waste management sector, thanks to our strategy that leverages a portfolio of global waste services that will further strengthen our leadership in this market, and the networks sector, which will see a significant investment plan, accompanying the areas served towards the green transition.” Business Plan to 2027 The strategic objective underlying the Hera Group’s new Business Plan is to create value benefitting all stakeholders, thanks to financial, environmental and social sustainability objectives, along with a business model and an industrial structure that are resilient to the negative effects of climate change and external market crises. Creating value: 2027 Ebitda up to 1.650 billion and dividend up to 16 €cents (+28%) The projects planned will bring overall Ebitda to more than 1,650 million euro in 2027, with a 355 million euro improvement compared to the 2022 result. Taking into account a number of business opportunities that will no longer be present during the time covered by the Plan and that contributed with roughly 120 million euro to the 2022 result, the growth will reach 475 million euro with an average annual rate coming to 7%. In particular, organic development represents the main driver of growth, coming to 375 million euro, and will be driven by the investment plan, the expansion in liberalised markets, the Group’s ability to offset increases in inflation thanks to efficiencies and innovation, as well as the tariff adjustments recently defined by the Authority concerning all regulated activities. An important contribution is also expected from M&As, coming to 100 million euro and in line with the track record of the Group, which will thus continue to enlarge its perimeter as a consequence of highly fragmented reference markets and its strategy for integration (horizontal or vertical) in the sectors in which it operates. Thanks to these growth targets in economic indicators, the Plan projects an increased return on investment (ROI) coming to 9.5% in 2027, up from 7.9% in 2022. In light of the positive preliminary results expected for 2023, the entire dividend policy was also revised upwards, projecting distribution of a dividend coming to 14 €cents per share as early as June 2024, up 12% compared to the last dividend paid and higher than the expectations of the previous Business Plan (12.5 €cents). More specifically, dividends are expected to increase steadily each year and reach 16 €cents by 2027 (+28% compared to the last dividend paid), with net earnings per share also expected to grow by an average of 7% per year. Based on the current price of Hera stock, this new policy guarantees an average return coming to 5% and offers full visibility for prospective dividends in each year of the Plan. As a result, total shareholder return (TSR), which covers both trends in expected earnings and the yield in terms of dividends, settles at over 12% per year. Sustainable growth to support the ecological transition: shared-value Ebitda at 64% in 2027 and economic contribution to local areas at 10 billion euro The Hera Group has confirmed its focus on the circular economy and decarbonisation, in order to encourage and support the ecological transition of the areas served with initiatives aimed at citizens, public administrations and industrial customers, offering its extensive set of plants and the know-how it has accumulated in various business sectors. The initiatives set out in the Business Plan to 2027 make it possible to project a path that is perfectly consistent with achieving the industrial objectives to 2030 in terms of circular economy and decarbonisation. As regards the circular economy, for example, the route to be followed confirms 2030 targets such as an increase in recycled plastics (+150% compared to 2017) and the reuse of wastewater (reaching 18% of total wastewater by 2030). Concerning the Group’s commitment to reduce carbon dioxide emissions, the ambitious reduction target set at 37% by 2030, already validated by the prestigious international network Science Based Target initiative (SBTi) for emissions coming from both the Group and its customers, has been confirmed, projecting a 29% reduction as early as 2027. In addition, Hera will be three years ahead of schedule in reaching its 2030 target of increasing the share of renewable electricity in total sales to over 50%. With a view to the “just transition”, over the years the Hera Group has placed an increasing focus on generating economic value distributed to all its stakeholders (workers, shareholders, suppliers and PAs). The Group is expected to distribute approximately 10 billion euro over the five years covered by the Plan to the served areas. At the same time, a significant trend will continue to be seen in shared-value Ebitda. Reported and certified by external auditors since 2016, this figure is expected to rise to 64% of the Group’s total Ebitda in 2027, amounting to more than 1 billion euro (roughly 1,049 million, as against 670 million in 2022), in line with the 2030 target of 70%. The 55% increase in shared-value Ebitda, in absolute terms, over the five-year period also bears witness to a strong focus on developing projects capable of combining the company’s growth with sustainable development in the areas served. Balanced growth in the multi-business portfolio and increased resilience The Business Plan expects growth to be equally distributed among the three main lines of business (networks, energy and waste management), maintaining their current balance. Continuity is also expected in the Group’s development model, which has ensured a high degree of resilience in results within all scenarios witnessed over the last twenty years, allowing for uninterrupted growth in both sustainability targets and operating-financial and service performances. Furthermore, 40% of operational investments will contribute to additional improvement in the resilience of the Group’s plants and networks to external factors, including climate change. This involves upgrading infrastructures, implementing predictive processes, remote monitoring and management in order to protect the continuity of the services provided. The flooding that occurred during 2023 in some territories in which the Group provides services demonstrated the considerable level of strength already achieved. Total investments at 4.4 billion euro, with additional projects funded by 400 million in grants coming from the NRRP and other institutions The investment plan amounts to 4.4 billion euro, 48% of which will go to development initiatives and M&As. 55% of investments will be earmarked for regulated businesses, while the remaining 45% will support growth in free-market businesses. The over 870 million euro invested each year on average will accelerate the Group’s commitment to the ecological transition (with roughly 60% of the entire investment plan going to decarbonisation and the circular economy) and to generate sustainable development in the areas served. In this sense, more than 70% of the investment plan will be allocated to initiatives capable of creating shared-value Ebitda. In light of the introduction of the new aspects related to the European Taxonomy, the Group estimates that operational investments coming to 2.5 billion euro (or 98% of eligible investments) will be aligned with the requirements of the European framework, and will therefore be able to gain full access to subsidised sustainable finance instruments, with benefits in terms of financial costs as well. In a constantly evolving and highly dynamic context, Hera also plays an active role in the digital transformation of the communities it serves. More than 30% of the investments set out in the Plan will contribute to the digitisation and innovation of infrastructures, business activities and customer solutions. The investment plan will be fully financed by the positive cashflow, which will also keep leverage below the prudential threshold of 3x, reaching a target of approximately 2.7x by 2027. In addition to the investments financed by the Group over the period covered by the Plan, others are related to the social and economic value of additional works to be carried out in the areas served, thanks to the almost 400 million euro in grants received, equally subdivided between NRRP resources and other institutions. Networks: digitisation, efficiency and sustainability to strengthen infrastructure resilience Ebitda for the network area is expected to increase by 112 million euro, going from 469 million in 2022 to 582 million in 2027. The regulated networks business, which is the Group’s main asset in terms of invested capital (approximately 60% in 2027), will benefit from a substantial investment plan. Amounting to roughly 2.1 billion euro, it is aimed at further enhancing the resilience and digitalisation of infrastructures and maintaining the Group’s leadership in terms of the service quality provided. Of these resources, roughly 1.2 billion will be allocated to the integrated water cycle, while 0.9 billion will go to gas and electricity distribution. Thanks to a regulatory framework that has recently been updated with a new definition of economic returns, recognising increases related to inflation and interest rates, Hera has developed a pipeline of long-term projects with positive effects on the areas served for the years following 2027 as well. These projects will make it possible to accompany the areas served along the ecological transition, in order to achieve the objectives set at national and European level. As the nation’s second-largest operator in the water cycle, the Group has developed a strategy that includes interventions in all localities to address critical issues related to supply in an increasingly drought-affected context and thus preserve the precious resource of water. This commitment has led the Group to achieve increasing levels of efficiency, safety and quality, and these results are responsible for the bonuses recognised by the Regulatory Authority for Energy, Networks and the Environment (ARERA). Various circular economy initiatives have thus been planned to save, recover and reuse water for agricultural and industrial purposes, both at our customers’ facilities and in the Group’s activities and sites. This includes an effective optimisation of purification sludge management and recycling materials from water-cycle waste with dedicated plant engineering and innovative tools. In order to improve the operational efficiency of networks, to increase infrastructural resilience to external factors – especially climate change – and at the same time promote an increasingly efficient management of resources and decarbonise consumption, the Group has planned numerous digitisation and automation projects. The most important call for the use of predictive maintenance models, districtisation and functional modelling, which will make interventions on the systems managed faster and more efficient, benefitting service quality and continuity. The boost given to innovation in this sector will also come from the installation within 2025 of roughly 450,000 second-generation (2G) electricity meters, which will allow consumption to be measured more precisely, 310,000 NexMeter smart gas meters – patented by Hera in 2019, with advanced safety functions in the event of leaks or earthquakes and also usable for “green gas” blends – and 310,000 smart meters for the water cycle. Evolution in the electricity distribution business will also be driven by new requirements concerning electrification of consumption and infrastructure resilience. Thanks to the support coming from digital technologies, the Group plans to increase the network’s hosting capacity, the extension and robotization of primary and secondary substations, the use of predictive models, and greater support to customers to improve awareness of their consumption. Furthermore, in order to contribute to decarbonisation goals for end use in the gas sector, Hera will adapt and optimise its assets to encourage the introduction of renewable vectors, such as biomethane and hydrogen, into the grid. One example of its activities in this area are the tests already successfully launched in Castelfranco Emilia (Modena). In addition, the power-to-gas plant in Bologna, connected to one of the area’s main water cycle purifiers, will make it possible to use purified water to produce first renewable hydrogen and later biomethane, using waste oxygen for purification processes. Among the assets enabling the ecological transformation of the localities served, the Group has included a further development of district heating in its strategy. Hera will invest roughly 150 million euro to maximise the use of renewable sources and optimise existing systems, partially thanks to digital solutions capable of making management automated and efficient, with the goal of increasing the heat produced by waste-to-energy and geothermal sources by 30% within 2027. The projects in Bologna, Ferrara and Forlì are a concrete example of the direction taken and, alone, will lead to a reduction in annual emissions coming to 35,000 tonnes of carbon dioxide. In addition to the investments financed directly by the Group, further projects in the networks sector will be financed by the NRRP and other institutions, coming to over 300 million euro. Energy: partner for the energy transition of the communities served, with integrated services, innovative solutions and a target of 4.3 million customers by 2027 Ebitda for the energy sector is expected to increase by 109 million euro, going from 463 million in 2022 to 571 million in 2027, thanks to an increased customer base and driven by factors including a rich portfolio of decarbonisation services that confirm the Hera Group as an enabler of its customers’ energy transition. The most recent market scenario, characterised by increased volatility in commodity prices combined with a growing sensitivity to the environmental footprint of consumption, has in fact led to a significant increase in demand for decarbonisation services. After twenty years of uninterrupted growth in its customer base, the Group intends to continue to develop this business with a focus on service and innovation, managing one of the most comprehensive customer portfolios available, to increase its market penetration over the next five years. The goals set out in the Plan include reaching 4.3 million energy customers by 2027, with a substantial growth in electricity customers (2.3 million), that will exceed gas customers (2 million), consolidating the Group’s position as the third largest in Italy. More specifically, a significant contribution to expansion in the customer base will come from participating in the tender for the gradual protection service, which has already seen the Hera Group provisionally awarded 7 lots, the maximum allowed, for over 1.1 million electricity customers as of 1 July 2024. The development of new commercial offers and decarbonisation services will also be accompanied by digital solutions and innovative data strategy and artificial intelligence technologies, to optimise and streamline processes and to amplify and personalise customer experience. The range of services enabling the energy transition of the ecosystem also include the technological and environmental sustainability proposals included in the Group’s ESCOs: energy requalification initiatives for public administrations, industry and apartment blocks as well an integrated offer of “green” solutions, including energy services and efficiency, sustainable mobility, public lighting and smart cities. Along a path that has seen many transactions signed with commercial companies in recent years, Hera will continue to pursue its M&A operations aimed at optimising its local presence and integrating its vertical structure in this sector. Finally, as regards photovoltaic power generation, the Group’s goal is to install approximately 300 MW over the period covered by the Plan, giving preference to works on plants that do not involve further land consumption. This includes agrivoltaic plants and the numerous projects being implemented on landfills or plants in the Group’s water cycle facilities, as well as installations at customers’ premises, including Renewable Energy Communities. The two Hydrogen Valleys under construction in Modena and Trieste, which will produce approximately 800 tonnes per year of green hydrogen, will feature photovoltaic parks to power the electrolysers, boosting the decarbonisation of the companies involved and, more generally, the areas concerned while at the same time contributing to the redevelopment of disused areas. To support this strategy, which also aims to increase the value of customer relations and loyalty, a total of 1 billion euro in investments have been earmarked for the energy sector for the 2023-2027 five-year period. Waste management: reinforcing our leadership in the waste cycle, by developing plants and sustainable turnkey solutions with a view to the circular economy Ebitda for the waste management business is expected to grow by 126 million euro, with a total value increasing from 338 million in 2022 to 464 million in 2027, thanks to development driven by both internal and external growth. As part of this plan, the Group aims to further consolidate its national leadership in the waste management area and foresees approximately 1.2 billion in investments, more than half to reinforce its set of plants. The increasing attention paid by institutions towards environmental protection and resource regeneration is creating demand for waste treatment services and circular solutions, driving a greater demand for new-generation plant capacity that is particularly necessary in Italy. In line with this approach, Hera’s Business Plan calls for significant growth in waste management activities, to further develop its set of plants, with the aim of increasing the quality and quantity of sorted waste collection (from 67.8% in 2022 to 77.7% in 2027), as well as guaranteeing service continuity and excellence. In addition, the Group plans to increase its market share by making the most of operational and commercial synergies with recently acquired companies, to expand the variety of waste treated and offer new services. Thanks to over 100 state-of-the-art plants and the creation of new partnerships, the Group expects to reach a total of roughly 5.9 million tonnes marketed in 2027 (+23% compared to 4.8 million tonnes in 2022). In particular, as regards to municipal waste treatment plants, the organic portion will continue to be valorised for the production of biogas and biomethane, in line with the path already initiated, to combine decarbonisation and circular economy. On the other hand, the modernisation of some plants, such as line 4 of the waste-to-energy plant in Padua, will ensure greater capacity for energy recovery from the residual fraction of non-recyclable waste, with benefits for the resilience of the local system, reliability, energy efficiency and greater sustainability in waste management. In the special waste management sector, in which Hera is the Italian market leader and among the top 10 companies across Europe, the Group intends to expand and diversify its “global waste” offer, to better meet the needs of the primary customers served, with comprehensive proposals that include, for example, management of environmental declarations, laboratory analyses, logistics services and equipment. In addition, leveraging our leadership, experience, and the operational capacity of the newly acquired ACR, the Plan calls for development in the portfolio of “global services” dedicated to business customers, which will allow for a significant increase in the value of production, the development of new technologies for the management of remediation, deep soil and decomissioning services, thanks to a consolidation of partnerships already underway with major operators and participation in new tenders. In the plastics recovery market, Group subsidiary Aliplast, one of Italy’s leading operators in the flexible plastics segment, aims to increase its customer base, also at a European level, and to develop new technological and plant engineering solutions to expand the types of recycled products, sustain growth and diversify its reference markets. In particular, with investments coming to over 80 million euro, Aliplast will be able to increase both its plant capacity in the segments already covered (recycled PET for food use and recycled polymers for cosmetics and food) and expand its presence in new markets, also with the aim of promoting increasingly circular and short supply chains. In addition to the rigid plastics recovery plant in Modena, mainly dedicated to the consumer electronics industry, in the innovative plant under construction in Imola, near Bologna, carbon fibre composite materials will be regenerated, with positive spin-offs in terms of sustainability for the automotive, marine and aerospace sectors. Lastly, our Group will continue to pursue M&As in the waste management sector as well, aimed at optimising our market presence and set of plants. CS Hera Group Business plan to 2027.pdf 12:02:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2024-01-22 Corporate events (*) In accordance with art. 2.6.2 (Required Reporting) of the “Rules of the markets organised and managed by Borsa Italiana S.p.A.", please find below our annual calendar of corporate events: 26 March 2024 – Meeting of the Board of Directors to approve the previous year’s preliminary financial statements. 30 April 2024 – Shareholders’ Meeting to approve the previous year’s financial statements. 14 May 2024 – Meeting of the Board of Directors to approve additional financial information for the period ending on 31 March 2024. 31 July 2024 – Meeting of the Board of Directors to approve the half-year financial report as at 30 June 2024. 13 November 2024 – Meeting of the Board of Directors to approve additional financial information for the period ending on 30 September 2024. The Board of Directors, as communicated for the previous financial year and in line with the past, in order to guarantee regularity in the information provided to the financial market and investors, has decided to continue preparing and publishing this information quarterly, on a voluntary basis and in line with current regulations. (*) barring changes 20240122 HERA CALENDAR OF CORPORATE EVENTS 2024.pdf 13:24:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-11-08 The first nine months of the year ended with strong growth in all economic and financial indicators, confirming the Group’s solidity and the effectiveness of its multi-business strategy. Respecting the goals set out in the business plan, the Group once again combined corporate growth and the creation of value for all stakeholders, as is proven by net investments and corporate acquisitions, up by more than 18% overall. Financial highlights Ebitda* at 1,006.8 million euro (+15.1%) Net profit attributable to shareholders* at 235.5 million euro (+10.0%) Net investments and corporate acquisitions at 593 million euro (+18.7%) Net financial debt and net debt/Ebitda* ratio show considerable improvement, coming to 4,148.9 million euro and 2.91x respectively ROI also improves, rising to 9% Operating highlights Significant contribution to growth coming from the energy sectors and the waste management area Ongoing growth in the energy customer base, now at 3.8 million, up 8.9% over 12 months Further initiatives for the green transition and increased investments in innovation, reinforcing the resilience of the assets managed Today, the Board of Directors of the Hera Group, chaired by Cristian Fabbri, unanimously approved the consolidated results at 30 September 2023. The first nine months of the year saw rising investments and record results compared to previous years, showing remarkable resilience when faced with extreme weather events in the area served and a global context that remains uncertain and continues to show widespread increases in inflation and in the cost of money. In particular, the significant investments reflect the Group’s commitment to boosting the resilience of the assets managed and its ongoing focus on projects designed to accelerate the green transition, fully respecting its corporate purpose. The good operating and financial performances once again confirm the decisions made by management, based on a low-risk policy and a solid multi-business industrial strategy, balanced between internal growth and external development, and between regulated and free-market activities. Double-digit growth was achieved, along with a 9% return on invested capital. Continuing along its path of uninterrupted growth, with the aim of providing its customers with innovative, competitive and increasingly complete solutions, the Group continued to expand the business areas in which it operates. In the waste management sector, Hera opened a second biomethane production plant in the Modena area and signed a partnership with ACR di Reggiani Albertino, a large company operating nationwide in the remediation, industrial waste treatment, industrial plant decommissioning and oil&gas civil engineering sectors. In IT-TLC, acting with Ascopiave the Group acquired 92% of Asco TLC, later merged by incorporation into the subsidiary Acantho. Finally, in the energy sector, it acquired the Ferrara-based company Tiepolo to construct a photovoltaic solar park in Bondeno, as well as 60% of the Rimini-based company F.lli Franchini, which installs thermal-hydraulic, electrical and photovoltaic systems for business clients. Lastly, Horowatt was established, the NewCo between the Hera Group and Orogel, to construct within 2024 a sustainable, state-of-the-art agrivoltaic plant at this agricultural cooperative’s Cesena facility. Cristian Fabbri, Executive Chairman of the Hera Group: “This period’s results show a relevant creation of value for all stakeholders. In the first nine months we reached over 1 billion of Ebitda, which shows a double-digit growth of 15%. We furthermore increased capex and investments by 19% and achieved a 9% return on invested capital, while continuing to reduce financial debt. All of our businesses contributed to this growth, more than 80% underpinned by Energy supply business due to a 9% increase in customer base, which reached 3.8 million, and further expansion of decarbonisation services. Another significant factor was the contribution coming from last resort markets, which we consolidated in September by winning 17 of the 18 available gas lots. Internal growth and the 5 corporate transactions carried out during these nine months were driven by innovation, resilience, decarbonisation and the circular economy. All of this contributed to an increase in shared-value Ebitda, now over 54% of total Ebitda, which continues to generate incremental benefits for all areas served. We are rapidly following the path for development set out in the business plan, by keeping our business portfolio balanced and seizing opportunities for creating value that allow us to accelerate its implementation.” Orazio Iacono, CEO of the Hera Group: “The effectiveness of our management decisions and our solid multi-business industrial strategy enabled us to achieve positive economic and financial results and, in particular, to further strengthen our leadership in the waste management sector, posting a raising Ebitda and on the back of larger volumes of waste treatments. In a partnership with ACR, which recently joined the Group, we won important concessions in the private oil&gas sector and are participating in tenders to access PNRR funds to reclaim public sites. Thanks to our positive cashflow and strong financial position, we achieved a net debt/Ebitda ratio coming to 2.91x, similar to the one seen before the sharp rise in energy prices. This financial soundness gives us all the flexibility we need to take advantage of new opportunities for development in our target markets. Finally, we are particularly proud of the recognition we received from Arera for the technical quality of our services, particularly in the water business, where we achieved the best performance nationwide.” Revenues at approximately 11 billion At 30 September 2023, revenues amounted to 10,955.0 million euro, slightly down from 14,320.1 million euro at the same date in 2022, mainly due to the decrease of energy commodity prices and lower volumes of gas sold on account of the mild weather in the first half of the year. An increase was seen, instead, in revenues thanks to the higher volumes of electricity sold, commercial development actions, Consip tenders, the safeguarded tenders awarded in electricity, “gradual protection service” lots awarded, higher revenues from “energy efficiency services” linked to incentives in residential buildings and increased activities in value-added services for customers, as well as revenues from the waste treatment business and, above all, to the M&A activity. Ebitda* up sharply to 1,006.8 million Ebitda* for the first nine months of 2023 rose to 1,006.8 million euro (+15.1%), as against 874.8 million euro at 30 September 2022. Of this increase, the contribution coming from the energy areas amounted to 111.8 million euro and the good performance of the waste management area accounted for 11.8 million euro, while 3.5 million euro came from the integrated water cycle and 4.8 million euro from the other services area. Net operating result* rises to 504.6 million euro The net operating result* for the nine months ended 30 September 2023 rose to 504.6 million euro, up 15.5% from 437.0 million euro in the first nine months of 2022, at same growth path signed by Ebitda. Net profit post minorities* up by 10% In September 2023, net profit* rose to 267.1 million euro (+7.5%), up from 248.4 million euro in the same period of 2022, and the tax rate improved to 26.8%. Net profit post minorities* rose to 235.5 million euro, up 10% from 214.1 million euro at 30 September 2022. Strong increase in capital expenditure and M&A In the first nine months of 2023, the Hera Group made net investments including M&A coming to 593.0 million euro (+18.7% compared to the same period in 2022). Operating investments, including capital grants, amounted to 514.0 million euro, up 50.7 million euro year-on-year (+10.9%), and mainly for the development of plants, networks and infrastructures including the large-scale meter replacement in gas distribution and on the purification and sewerage infrastructures. Return on invested capital also improved, with ROI rising from 7.7% to 9%, confirming the Group’s ability to create value. The total amount of net financial debt came to 4,148.9 million euro, down 100.9 million euro compared to the amount seen at 31 December 2022, even after the payment of dividends, due to the cashflow coming from operations, the benefit in net working capital caused by the reduction in the value of gas storage compared to the record values seen in 2022, and the different energy price scenario. The Group’s financial solidity is also proven by the improvement in the net debt/Ebitda* ratio, which now stands at 2.91x, once again below the 3x reference level and in line with Hera’s traditionally prudential policy. Reduced debt and increased returns The total value of the Group’s net financial debt amounted to 4,148.9 million euro, down 100.9 million euro compared to the figure seen at 31 December 2022, fully covering the payment of dividends in June, the significant increase in investments compared to 2022 and the corporate acquisitions completed in 2023. This reduction is mainly due to the significant cashflow from operations in the first nine months of 2023 and the benefits on net working capital ensuing from the reduced value of gas storage and changes in the energy price scenario compared to the previous year. As a result, the net debt/Ebitda* ratio decreased to 2.91x, returning well below the 3x reference level, in line with Hera’s traditionally prudential policy. Financial operations, while showing an increase compared to 2022 due to the impact of financial lines that are currently no longer active and the Group’s greater need for financial flexibility within an energy price scenario that has not yet fully stabilised, benefitted from a 96.5% fixed-rate medium/long-term debt structure. Thanks to the liability management operations carried out in the first half of 2023, the financial structure was optimised in terms of cost and absolutely capable of insuring the Group against potential risks related to volatility in energy commodity markets, while guaranteeing at the same time continuity in operations and the significant investment activity planned. The use of variable-rate loans, linked to revolving bank lines, is activated exclusively for short-term needs and to manage volatility, is a particularly positive element within a context of rising interest rates compared to the previous year. Return on invested capital and on equity also improved, with ROI rising from 7.7% at 30 September 2022 to 9% and ROE increasing from 9% to 10.6%. Gas Ebitda for the gas area, which includes natural gas distribution and sales, district heating and energy services, amounted to 334.1 million euro at 30 September 2023 compared to 377.0 million euro in the same period of 2022, mainly due to a drop in volumes owing to the particularly mild weather in the first part of the year and the focus on energy saving shown by both residents and businesses. This drop was partially offset by increased volumes on last resort markets, the contribution coming from energy services and incentives for energy efficiency activities. In the month of September, the Group was awarded, through subsidiary Hera Comm and for the next two years, 17 of the 18 lots available in last resort gas markets, including 8 out of 9 areas for the last resort service and all 9 lots of the default service, which will take effect as of the fourth quarter of 2023. In the first nine months of 2023, investments in the gas area amounted to 138.1 million euro, up 33.5 million euro compared to the previous year. In particular, the largest investments were made in gas distribution, after the beginning of management of the Udine2 ATEM, following the tender, and in gas sales, involving the acquisition of new customers. Overall investments in district heating and energy services also rose. The number of gas customers reached almost 2.1 million, up (+2%) compared to the previous year, thanks to growth in both traditional and last resort markets. The gas area accounted for 33.2% of Group Ebitda. Electricity Ebitda for the electricity area, which covers electricity generation, distribution and sales, rose to 176.8 million euro, compared to 22.1 million euro in the same period of 2022, a year marked by fluctuating commodity prices. Significant growth was thus seen, in terms of both margins and volumes sold to end customers, especially thanks to commercial development in the free market, innovative offers and value-added services, and the higher margins on the safeguarded service and on 4 lots of the gradual protection services. Furthermore, 4 lots were recently confirmed in the Consip EE21 tender, for supplying electricity to PAs for 12 months beginning in 2024. Margins from services aimed at promoting the decarbonisation of customer consumption, for example by installing photovoltaic systems and promoting electric mobility solutions, also continued to grow. This context includes the recent acquisition of 60% of the company F.lli Franchini, to further increase decarbonisation services in the industrial customer segment, and the beginning of a partnership with the Orogel group to construct an innovative agrivoltaic system serving the Cesena production plant. At 30 September 2023, investments made in the electricity area amounted to 81.3 million euro, up by 28.3 million euro compared to the previous year. In distribution, investments mainly involved non-recurring maintenance and upgrading of plants and networks in the Modena, Imola, Trieste and Gorizia areas, as well as the ongoing large-scale meter replacement and work to improve the resilience of the infrastructure. In the sales area, investments in commercial activities related to the acquisition of new customers increased. The customer base, in fact, saw significant growth compared to the same period in 2022, reaching almost 1.7 million (+18.9%). The electricity area accounted for 17.6% of Group Ebitda. Water Ebitda for the integrated water cycle area, which includes aqueduct, purification and sewerage services, amounted to 209.3 million euro at 30 September 2023, up slightly (+1.7%) compared to 205.8 million euro in the first nine months of 2022. Gross investments made in the integrated water cycle area amounted to 142.0 million euro (89.0 million in waterworks, 34.6 million in sewerage and 18.4 million in purification). These funds went to extensions, reclamation and upgrading on networks and plants, as well as for regulatory adjustments mainly in the purification and sewerage areas. The main investments include, in the aqueduct, the ongoing reclamation on networks and connections, as well as specific renewal and upgrading works intended to counter the risk of water shortages linked to increasingly frequent droughts. Finally, Arera confirmed that the technical quality standards in the integrated water cycle managed by the Hera Group are among the highest nationwide, which led to the recognition of significant bonuses, in line with the Group’s track record. The integrated water cycle area accounted for 20.8% of Group Ebitda. Waste At 30 September 2023, Ebitda for the waste management area rose to 258.0 million euro (+4.8%), up from 246.2 million euro in the same period of 2022. Ebitda for waste treatment services amounted to 212.5 million (up 15.2 million), while Ebitda from collection and street-sweeping services, due to the impact of the newly awarded concessions in Modena and Bologna, came to 45.5 million (down by 3.4 million). These figures include a 15% increase in waste commercialised, due to increases in both municipal and market waste, the excellent performance of energy management, due to the higher contribution coming from the Modena and Trieste waste-to-energy plants, the changed scope of operations due to recent acquisitions, and the positive performance seen in commercial activities, which as a whole offset the increase in costs due to inflation. Throughout 2023, continuity was seen for the main initiatives set out in the business plan in terms of circular economy, from material recovery to renewable energy production. One example is the new plant for biomethane production located in Spilamberto, in the Modena area, born out of a partnership with Inalca, of the Cremonini Group. When fully operational, the capacity of the Spilamberto plant will lead to a 48% increase in the biomethane produced by Hera compared to 2022, and will contribute to achieving the Group's goal of increasing biomethane production to 30 million cubic metres per year. Thanks to the Group’s solid management policies, within a scenario marked by a slight slowdown in inflation, a drop in industrial production and increased competitive pressure in the markets in which it is present, Hera has continued to consolidate its leadership in the waste management sector. This has occurred especially in the industrial and recovery markets, by equipping its plants with the best available technologies and guaranteeing a considerable amount of growth in this sector. With roughly one hundred state-of-the-art facilities capable of treating any type of waste, the Group’s set of plants continues to represent a strategic and distinctive asset in a country that still shows major infrastructural deficiencies in this sector. Protecting environmental resources was confirmed as a priority objective for the Group in 2023, as was the maximisation of their reuse. This is proven by the special attention dedicated to increasing sorted waste collection, which rose to 71.4% at 30 September 2023, up 4.6% compared to the first nine months of 2022, thanks to the introduction of numerous projects in the areas served by the Group. Investments made in the waste management area amounted to 83.4 million euro, and mainly involved maintenance and upgrading on waste treatment plants, optimising collection centres and equipment, as well as investments for the transaction with ACR. The waste management area accounted for 25.6% of Group Ebitda. 20231108_PR Hera Group 3Q 2023.pdf 11:36:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-07-26 The consolidated half-year report at 30 June shows growth in all main operating-financial indicators, confirming Hera’s financial solidity and once again demonstrating the effectiveness of the choices made by management. The Group continues to pursue the goals set out in its Business Plan, combining corporate growth and sustainable development, with value created for all stakeholders, first and foremost the local communities served. Financial highlights Ebitda* at 718.3 million euro (+13.8%) Net profit attributable to shareholders* at 187.7 million euro (+2.4%) Overall investments rise to 403.4 million euro (+22.4%) Net debt at 4,145.7 million euro, down by 104.1 million euro compared to the 31/12/22 figure, with net debt/Ebitda* ratio at 3x Business highlights Significant contribution to growth from the energy sectors, the waste management area and the water business Ongoing growth in the energy customer base, which rose to over 3.7 million, up 7.9% in 12 months Further development of initiatives for the energy transition and the circular economy, thanks to state-of-the-art plants and increasingly green services Today, the Board of Directors of the Hera Group, chaired by Cristian Fabbri, unanimously approved the consolidated results for the first half of 2023. The first half of the year ended with operating results and investments up compared to the previous year, although in the first months of 2023 some of the served areas were affected by extreme weather phenomena and the uncertain global context continues to generate volatility in commodity prices, a generalised rise in inflation and an increase in the interest rates. The consolidated half-year report at 30 June, indeed, shows positive operating and financial performances, demonstrating once again the Group’s financial solidity and strength of its business model, balanced between internal and external growth and between regulated and free market activities. In addition to creating value for all stakeholders, the increase in operating investments compared to the first half of 2022 provides evidence of Hera’s ongoing focus on improving and strengthening the resilience of the assets it manages, with positive impacts on the quality and continuity of services in the areas in which it operates. Cristian Fabbri, Executive Chairman of the Hera Group: “The first half of 2023 closed with substantial growth in results, with Ebitda reaching 718.3 million euro, up 13.8%, mainly due to the overall contribution coming from the energy area, which also saw an increase in services for decarbonisation, while growth in the waste management area confirms our commitment to the circular economy. The results for this half-year see us moving rapidly towards achieving the goals set out in our Business Plan and are the fruit of our consolidated multi-business strategy, which has always been geared towards combining corporate growth with the sustainable development of the local ecosystem. This is additionally confirmed by the 22% rise in investments, both for developing the Group’s industrial assets and for M&As that focus on growth towards the ecological transition, innovation and resilience. Our business model is capable of continuously innovating while maintaining strong local roots, and has allowed us to once again respect the commitments made to our shareholders, to whom a dividend up by 4.2% was paid last month, consistent with what was announced during the presentation of the Business Plan to 2026.” Orazio Iacono, CEO of the Hera Group: “The consolidated half-year financial report at 30 June shows significant growth in Ebitda, with a contribution coming from all business areas, in particular the energy sector with 239 million euro (+30%) and the waste management area with 162.9 million euro (+8%), and increased investments and M&A transactions, amounting to over 400 million euro. All of this was made possible by a significant cash generation and a solid financial position. The financial structure was further reinforced during the first half of the year by sustainable sources of financing on favourable terms, including the issue of a sustainability-linked bond, a new revolving credit line and a recent EIB loan. These initiatives allowed us to maintain our net debt/Ebitda ratio at roughly 3x, in line with the previous half-year and the targets defined.” Revenues at 8.3 billion In the first half of 2023, revenues amounted to 8,297.5 million euro, as against 8,896.0 million euro at 30 June 2022, mainly due to the drop in energy commodity prices and lower volumes of gas sold, as a result of the mild weather in the first half of the year. Revenues related to the higher volumes of electricity sold, instead, were up, thanks to commercial development actions, Consip tenders and the lots awarded in the protected and gradual protection services, as well as higher revenues from energy services, in which opportunities related to energy efficiency incentives in residential buildings and increased activities in value-added services for customers remained. A positive contribution also came from revenues in the waste management sector, due to increased treatment activities and acquisitions in the industry market. Ebitda* rises to 718.3 million euro Ebitda* for the first half of 2023 rose to 718.3 million euro (+13.8%), compared to 631.2 million euro at 30 June 2022. This increase is mainly due to the overall contribution coming from the energy areas, amounting to 68.1 million euro, and the positive performance of the waste management area, up by 12.2 million euro. Also note the resilience shown by Ebitda for regulated network services, with particular reference to gas distribution and the integrated water cycle, thanks to the increase in recognised revenues and operating efficiencies that offset the higher costs related to inflation. Net operating result* grows The net operating result* at 30 June 2023 rose to 374.7 million euro, up 11.9% compared to the 334.9 million euro seen one year earlier. This performance remained positive even after higher depreciation and amortisation, due to the significant increase in investments, and conservative provisions for bad debts, due to the increased turnover in last resort markets. Financial charges increased, mainly due to the medium- and long-term credit lines stipulated in 2022 and the significant change in the interest rate scenario, which saw a significant increase in the cost of money. Net profit attributable to shareholders* up to 187.7 million euro Net profit* rose to 208.0 million euro (+3.1%), compared to 201.7 million euro in the first half of 2022, with a tax rate coming to 26.8%. Net profit attributable to Group shareholders* totalled 187.7 million euro, up (+2.4%) from 183.3 million euro at 30 June 2022. Strong growth in operating investments and Group solidity reinforced In the first half of 2023, the Hera Group made investments and corporate acquisitions totalling 403.4 million euro (+22.4% compared to the same period in 2022). Operating investments, including capital grants, amounted to 318.4 million euro, up by 31.3 million euro compared to the previous year (+10.9%), and were mainly related to the development of plants, networks and infrastructures. In addition, regulatory upgrading mainly concerned gas distribution, with a large-scale meter replacement, and the purification and sewerage area. The total amount of net financial debt came to 4,145.7 million euro, down 104.1 million euro compared to the figure seen at 31 December 2022, even after the payment of dividends. As proof of the Group’s financial solidity, the net debt/Ebitda* ratio stands at 3x, in line with its long-standing prudential policy. The Group’s financial structure has now been further reinforced and optimised, partly as a result of the liability management operations completed in the first half of the year, to enable Hera to handle any potencial new tensions in the energy markets and guarantee continuity in operations and a significant amount of investments. Gas Ebitda* for the gas area, which includes natural gas distribution and sales, district heating and energy services, amounted to 293.1 million euro in the first half of 2023, compared to 299.3 million euro at 30 June 2022. The factors responsible for this result mainly lie in the particularly mild winter and consumption habits that became more attentive to energy saving. This decrease was partly offset by a rise in volumes sold on the last resort market. The contribution coming from energy services, aimed at reducing customers’ consumption, in particular from activities supported by energy efficiency incentives such as the 110% super-bonus, still showed growth. In the first half of 2023, investments made in the gas area amounted to 89.3 million euro, up by 23.9 million euro compared to the previous year. In particular, higher investments were made in gas distribution for plants and networks in the new municipalities awarded with the ATEM Udine2 tender, while in gas sales they were aimed at acquiring new customers. In district heating and energy services, investments (mainly for new plants and network extensions) also increased overall. The number of gas customers reached almost 2.1 million, with a slight increase (0.5%) compared to the previous year. The gas area accounted for 40.8% of Group Ebitda. Electricity Ebitda for the electricity area, which includes electricity generation, distribution and sales, rose to 114.4 million euro, as against 40.1 million euro in the same period of 2022, showing significant growth (+185.3%) both in terms of margins and volumes sold to end customers, mainly due to commercial development in the free market. In addition to this, Group subsidiary Hera Comm was awarded, through tenders, 10 lots nationwide: 4 in the Consip EE20 tender for supplying public administrations in 2023, 3 in the gradual protection service to SMEs for the period from 1 July 2021 to 30 June 2024 in nine regions of Italy, 2 in the safeguarded service for the two-year period 2023-2024 in four regions of Italy, and 1 in the gradual protection service to micro-businesses for the period from 1 April 2023 to 31 March 2027. Margins for services aimed at promoting the decarbonisation of customers’ consumption, involving installations of photovoltaic systems, electric mobility and air conditioning systems, also continued to increase. The acquisition of 60% of the company F.lli Franchini, finalised in late June, was aimed at further increasing decarbonisation services for the industrial customer segment, as was the start-up of a partnership with the Orogel Group for developing an agro-voltaic plant serving the Cesena production plant. In the first half of 2023, investments made in the electricity area amounted to 48.3 million euro, up by 16.3 million euro compared to the previous year. As regards distribution, investments mainly concerned non-recurring maintenance and upgrading on plants and networks in the Modena, Imola, Trieste and Gorizia areas. The large-scale meter replacement continued, as did works to improve the resilience of the infrastructure. In the sales area, investments in activities related to acquiring new customers increased. The customer base indeed recorded significant growth compared to the same period of 2022, reaching over 1.6 million (+16.7%). The electricity area accounted for 15.9% of Group Ebitda. Water cycle Ebitda for the integrated water cycle area, which includes aqueduct, purification and sewerage services, stood at 128.6 million euro at 30 June 2023, slightly up (+2.6%) from the 125.3 million euro seen in the first half of 2022. In the first half of 2023, net investments in the water cycle area amounted to 81.2 million euro (58.8 million in the aqueduct, 23.7 million in sewerage and 10.5 million in purification), which went towards extensions, reclamations and upgrading on networks and plants, as well as for regulatory activities, mainly in the purification and sewerage areas. The main interventions include, in the aqueduct area, ongoing reclamation activities on networks and connections related to Arera’s Resolution 917/2017 on the regulation of the technical quality of the service, with specific modernisation and upgrading interventions intended to counter the risks of water shortages caused by increasingly frequent droughts. The integrated water cycle area accounted for 17.9% of Group Ebitda. Waste In the first half of 2023, Ebitda for the waste management area increased to 162.9 million euro (+8.1%), up from the 150.7 million euro recorded at 30 June 2022. Ebitda for waste treatment services amounted to 134.6 million, while Ebitda for environmental services including collection and sweeping amounted to 28.2 million euro, mainly due to the beginning of new concessions. In particular, margins coming from energy management increased, due to both a greater contribution from the Modena and Trieste waste-to-energy plants and the hedges made on energy sales, and a positive performance shown by commercial activities. The consolidation of existing commercial relationships, and the development of the customer portfolio, also benefited from the M&A transactions concluded in the last 12 months. Note in particular the recent expansion of the scope of operations in the environmental remediation and industrial waste global service sectors, thanks to a partnership with the Modena company A.C.R. di Reggiani Albertino S.p.A.®. In a context characterised by decreasing inflation, declining industrial production and increased competitive pressure in the markets served, the Group proved able to consolidate its leadership, especially in the industrial market and in reclamation, and achieve a significant amount of growth in this sector. All of this is thanks to Hera’s valid management policies and its set of plants, which continues to constitute a distinctive strategic asset, also considering that it works towards the ecological transition of the communities served. The protection of environmental resources was a priority objective in the first half of 2023 as well, as was the maximisation of their reuse. This is proven by the special attention dedicated to increasing sorted waste collection, which in the first half of 2023 rose to 70.4%, up 4% compared to June 2022. Investments made in the waste management area amounted to 48.5 million euro and were mainly related to maintenance and upgrading of waste treatment and storage plants, optimising collection centres and equipment, as well as investments for the transaction with ACR. The waste management area accounted for 22.7% of Group Ebitda. Press release H1 2023.pdf 13:13:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-07-17 The EIB loan will help improve the resilience of the integrated water cycle, energy efficiency and the management of environmental services in the areas served by Hera. Operations in the water sector will strengthen existing infrastructure, promote the reuse of water resources, and ensure the quality and continuity of service in the event of drought and extreme weather events. In the energy sector, the development of photovoltaic power plants — including small-scale ones — will enable renewable energy generation, while the installation of second-generation smart meters will improve energy efficiency. In the environmental sector, the construction and strengthening of plants will improve processing, recycling, and recovery capacity. The European Investment Bank (EIB) has granted a €460 million loan to Hera Group, one of Italy’s 40 largest companies by market capitalisation (part of the FTSE MIB) operating in over 300 Italian municipalities. The main goals of the financing are to strengthen the resilience of integrated water services, increase the production of renewable energy, foster energy efficiency, decarbonisation and the circular economy, and bolster waste processing and collection, all in order to support Hera Group’s areas of operation on their path to a sustainable environmental transition and help combat climate change. This EU bank loan will finance over 60 Hera Group projects aligned with the EU taxonomy and in line with the objectives of the UN 2030 Agenda, helping the communities served by the Italian multi-utility on their path to a green transition closely connected to local society and industry. The EIB financing will therefore cover almost 60% of the total value of these investments (over €800 million) already planned by the company in its 2022-2026 industrial plan. Operations will mainly take place in Emilia-Romagna, but also in other areas served such as Veneto and Friuli-Venezia Giulia. In concrete terms, the EU bank resources will contribute to improving integrated water services via operations to further cut losses and renew rainwater collection and wastewater treatment facilities. Hera Group will increase its capacity for processing, recycling, and recovering waste by renovating existing collection centres and building new, cutting-edge plants for recycling plastic and carbon fibre and for the pre-treatment and storage of industrial waste. The EIB financing will also enable Hera Group to install over 370 000 second-generation smart meters in the regions concerned, as well as develop district heating and combined heat and power systems and build photovoltaic plants — even small-scale ones — to increase renewable energy production. Almost 40% of the EIB-financed investments will be made in the parts of Emilia-Romagna that were hit the hardest by the recent floods. The financed operations will improve the resilience of water services to future extreme weather events, including via the construction of underground rainwater collection tanks in areas of the Romagna coast subject to high hydrogeological risk. Elsewhere, a number of measures will be taken to make the sewerage network more resilient to flooding. The financing announced today is part of the REPowerEU initiative supported by the EIB, which will invest an additional €30 billion over the next five years to unlock €115 billion, promoting the green transition and gradually reducing Europe's dependence on fossil fuels. “This operation is a concrete example of the EIB’s commitment to promoting the sustainability, efficiency, and resilience of water, energy, and waste management infrastructure in Italy and across Europe,” said EIB Vice-President Gelsomina Vigliotti. “The EIB loan will also back Hera Group's efforts to strengthen the services provided in the parts of Emilia-Romagna affected by flooding to improve prevention and the resilience of water services to future natural disasters.” “This financing from the EIB — a longstanding and steadfast partner of Hera Group — will give major impetus to our strategic plan and confirms our commitment to sustainable development in the regions where we operate, particularly with reference to the goals of decarbonisation, the circular economy, innovation, and resilience, in line with our company’s mission,” added Hera Group CEO Orazio Iacono. “It is a key component of our financial strategy that, as well as further expanding the range of innovative products and instruments adopted by the group, will also help support the 2022-2026 development plan, confirming the sound nature of our business and our financial flexibility.” Strong EIB support for Italy’s water sector The EIB is the EU climate bank and one of the world's largest lenders to the water sector, with over 1 600 projects and around €80 billion in funding granted since 1958. Italy was the biggest beneficiary of EIB resources for the water sector from 2016 to 2022. The EIB financed 40 operations in the country during this period, providing a total of €2.9 billion and helping to unlock about €8.9 billion in investment. Background information European Investment Bank (EIB) The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It provides long-term financing for sound investments that contribute to EU policy. The Bank finances projects in four priority areas: infrastructure, innovation, climate and environment, and small and medium-sized enterprises (SMEs). Between 2019 and 2022, the EIB Group provided €45 billion in financing for projects in Italy. Hera Group Hera Group is a major Italian multi-utility operating in the environment, energy and water sectors. Its 9 000 employees work daily to meet the complex needs of almost 5 million residents mainly in Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Marche, Tuscany and Abruzzo. Listed on the stock exchange in 2003, it is one of Italy’s 40 biggest companies by market capitalisation (it is part of the FTSE MIB), and entered the Dow Jones Sustainability Index, World and Europe in 2020. www.gruppohera.it Press contact BEI: Lorenzo Squintani, l.squintani@eib.org, tel.: +352 4379 82528, mobile: +39 366 57 90 312 Website: www.eib.org/press — Press Office: +352 4379 21000 — press@eib.org HERA GROUP: Cecilia Bondioli, cecilia.bondioli@gruppohera.it, mobile +39 320 4790622 Press Office: +39 051.287595 - ufficiostampa@gruppohera.it 20230713 Pr EIB provides €460 million to Hera Group to boost the green transition.pdf 11:40:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-05-15 Kindly note that as of today the minutes of the Shareholders Meeting held on 27 April 2023 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 10 May 2023. 20230515 Minutes of AMG 2023 have been published.pdf 10:59:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-05-10 The Board of Directors of Hera S.p.A. met today and assessed the independence of all members, appointed by the Shareholders Meeting held on 27 April 2023. Based on the declarations made by the Directors and the information made available to the company, all directors, with the exception of the Chairman and the Chief Executive Officer, who are executive directors, and of director Gianni Bessi, were found to meet the independence requirements set forth in the Corporate Governance Code and Article 148, paragraph 3 of Legislative Decree 58/1998. Also note that the Board of Statutory Auditors, in compliance with the provisions of the Corporate Governance Code, verified the independence requirements for all its members and reported the results of this verification to the Board of Directors. Furthermore, the members of the Internal Committees were appointed: for the “Executive committee”: Cristian Fabbri, acting as Chairman, Gabriele Giacobazzi, acting as Vice Chairman, Orazio Iacono and Marina Monassi were appointed; for the “Remuneration committee”: Gabriele Giacobazzi, acting as Chairman, Monica Mondardini, Fabio Bacchilega and Alice Vatta were appointed; for the “Control and risks committee” (corresponding to the Operations with Related Parties Committee): Gabriele Giacobazzi, acting as Chairman, Alessandro Melcarne, Lorenzo Minganti and Paola Gina Maria Schwizer were appointed; for the “Ethics and sustainability committee”: Alice Vatta, acting as Chairman, Nicoletta Tranquillo, Filippo Maria Bocchi and Francesco Perrini were appointed. 20230510 Pr Independence for directors and statutory auditors and internal committees of Hera Group.pdf 15:02:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-05-10 The consolidated quarterly report at 31 March shows growth in the main operating-financial indicators, once again proving the financial solidity and strength of the Group’s multi-business model. Hera continues to combine corporate growth with sustainable development, confirming its commitment to creating value for all stakeholders and the local communities. Financial highlights Revenues at 5,628.9 million euro (+6.0%) Ebitda* at 410.2 million euro (+9.4%) Net profit attributable to shareholders* at 128.2 million euro (+0.7%) Net debt at 3,777.6 million euro, down 11% compared to 31 December 2022, with net debt/Ebitda* at 2.84x Business highlights Good contribution to growth coming from all main businesses, the energy and environment sectors in particular Further development of initiatives for the ecological transition and the circular economy through state-of-the-art plants and increasingly green services Ongoing growth in the energy customer base, reaching almost 3.6 million Today, the Board of Directors of the Hera Group, chaired by Cristian Fabbri, unanimously approved the consolidated results for the first quarter of 2023. For the Hera Group, the first quarter closed with improved operating results and investments compared to one year earlier, even though the scenario still shows a considerable amount of uncertainty, with effects on the commodity prices and a slowdown in production and international trade. Both internal and external growth drivers in Hera’s multi-business portfolio enabled it to achieve an excellent operating and financial performance while pursuing the creation of value for all stakeholders. The consolidated quarterly report at 31 March thus highlights growth in the main indicators, once again demonstrating the Group’s financial solidity and the strength of its business model. The 20.5% increase in capital expenditures compared to one year earlier provides further proof of the Group’s ongoing focus on growth, increasing value and reinforcing the resilience of assets under management. Cristian Fabbri, Hera Group Executive Chairman: “The first quarter of 2023 closed with increased operating results, supported by the positive performance of the free-market energy and waste management businesses. We have thus confirmed our ability to gain new market shares, to provide services that are favoured by customers, and effectively leverage upon our competitive advantages in all our activities. The significant positive cash flow over the first quarter allowed us to reduce our debt and significantly improve the net debt/Ebitda ratio, which now stands at 2.84x.” Orazio Iacono, Hera Group CEO: “The positive operating cash flow of Q1 was able to fully cover a significant increase both in capital expenditures and investments which mainly concerned strengthening the infrastructures and plants managed, to the benefit of the quality of services provided to the customers as well as the resilience of our infrastructures and plants. We also strengthened and optimised our debt structure, thanks to the recent issue of a sustainability-linked bond worth 600 million euro and the simultaneous subscription of a 450 million euro sustainable revolving credit line. These are two additional milestones in sustainable finance and will lead us to allocate more than 1 billion euro in financing to green transition projects, to achieve the goals on the 2030 Agenda with concrete initiatives and respond to the challenges of a sustainable transition rooted in the social and industrial fabric. This operation, particularly appreciated by the market, guarantees additional financial flexibility.” Revenues amounting to over 5.6 billion In the first quarter of 2023, revenues amounted to 5,628.9 million euro, up 6% from the 5,312.0 million euro seen in the same period of 2022. The energy segments above all contributed to this result – mainly due to the higher volumes of electricity sold as a result of reinforced commercial initiatives and the safeguarded lots awarded last autumn – and the waste management area, partially due to acquisitions in the remediation and industrial waste treatment market. Furthermore, higher turnover was recorded in energy services, as was a rise in value-added services for customers. These increases were partially offset by lower gas sales due to the particularly mild weather. Ebitda* rises to 410.2 million Ebitda at 31 March 2023 rose to 410.2 million euro, +9.4% compared to 375.1 million euro in the first three months of 2022. This positive growth was mainly due to the overall contribution coming from the energy areas and the good performance of the waste management area. Increased net operating result* and stable pre-tax result* Ebit* at 31 March 2023 increased to 236.1 million euro, up 6.7% from 221.2 million euro in the first quarter of 2022. This performance was positive even after higher depreciation and amortisation due to the significant increase in investments and provisions for bad debts resulting from the increase in turnover, including last resort markets. The pre-tax result* amounted to 191.7 million euro, consistent with the figure seen at 31 March 2022, considering the increased weight of financial operations, mainly due to the medium- and long-term credit lines stipulated in 2022. The financial structure has now been additionally reinforced, to insure the Group against potential liquidity risks arising from market tensions and to guarantee the Group’s operations and significant activities in investments. Net profit* rises to 140.3 million euro Thanks to a tax rate coming to 26.8%, down from the previous year, net profit* rose to 140.3 million euro (+1.2%), as against 138.6 million euro in the first quarter of 2022. Net profit attributable to Group shareholders* settled at 128.2 million euro, up +0.7% from 127.3 million euro at 31 March 2022. Sharp increase in operating investments and Group solidity reinforced The Group’s capital expenditures, including capital grants, amounted to 155.7 million euro, up sharply (+20.5%) compared to 129.2 million euro at 31 March 2022, and mainly involved work on plants, networks and infrastructures. Regulatory upgrading, instead, mainly concerned gas distribution, with a large-scale meter replacement, and the purification and sewerage area. Net debt totalled 3,777.6 million euro, down 472.2 million euro from the amount seen at 31 December 2022. As proof of the Group’s financial solidity, the net debt/Ebitda* ratio dropped to 2.84x, in line with Hera’s long-standing prudential policy. Gas Ebitda* for the gas area, which includes natural gas distribution and sales, district heating and energy services, stood at 193.8 million euro, as against 202.5 million euro at 31 March 2022. This decrease was due to lower sales, mainly owing to milder weather compared to the same period one year earlier, partially offset by the contribution of energy services and higher volumes sold by the subsidiary Hera Comm on default, last resort and public administration (Consip) services. In the first quarter of 2023, investments in the gas area amounted to 49.3 million euro, up 20 million euro compared to the previous year. In particular, gas distribution saw higher investments for plants and networks in the new municipalities awarded with the ATEM Udine2 tender, while in gas sales the higher investments were aimed at acquiring new customers. The number of gas customers reached almost 2.1 million, a slight increase (0.2%) compared to the previous year. The gas area accounted for 47.2% of Group Ebitda. Electricity Ebitda for the electricity area, which includes electricity generation, distribution and sales, rose to 64.5 million euro, compared to 30.4 million euro for the same period in 2022. The first quarter of 2023 showed significant growth in terms of both margins and volumes sold to end customers, thanks to commercial development, mainly in the free market, innovative offers (relating to electric mobility, photovoltaics, heating and air conditioning) and value-added services. Contributions also came from higher volumes sold to public administrations (Consip) and the initial effects of the lots awarded last autumn in the safeguarded service for 2023 and 2024, one more lot than in the previous two years. In the first quarter of 2023, investments made in the electricity area amounted to 21.7 million euro, up 6.2 million euro over the previous year. In electricity distribution, investments mainly regarded extraordinary maintenance and upgrading on plants and distribution networks in the Modena, Imola, Trieste and Gorizia areas, as well as the ongoing large-scale meter replacement and work on improving network resilience. In the energy sales segment, investments in activities related to acquiring new customers increased. The number of electricity customers increased by 7.4% compared to the same period in 2022, reaching approximately 1.5 million. This growth occurred mainly on the free market, as a result of reinforced commercial activities. The electricity area accounted for 15.7% of Group Ebitda. Water cycle At 31 March 2023, Ebitda for the integrated water cycle area, which includes aqueduct, purification and sewerage services, amounted to 55.6 million euro, essentially in line (+0.2%) with the 55.5 million euro seen in the same period in 2022. In the first quarter of 2023, investments made in the water cycle area, including capital grants, rose to more than 47 million euro (29.8 million euro in the aqueduct, 12.4 million euro in sewerage and 5 million euro in purification), mainly involving extensions, reclamation and enhancements on networks and plants, as well as regulatory upgrading mainly in the purification and sewerage areas. The integrated water cycle area accounted for 13.5% of Group Ebitda. Waste Ebitda for the waste management area, which includes waste collection, treatment and recovery services, rose to 87.6 million euro (+11%), as against 78.9 million euro at 31 March 2022, due to increased margins from energy management, partially thanks to production in plants that returned to full operations during the first quarter, and recent acquisitions in the industrial waste treatment sector. These positive effects more than offset the higher purchase prices of consumables and an increase in treatment and transport costs. Thanks to its excellent set of roughly one hundred state-of-the-art plants, capable of treating any type of waste, which continues to represent a strategic and distinctive asset on the market, the Group was able to seize further opportunities for growth, confirming its ability to react with great resilience to the market context. It thus expanded its market shares in industrial waste treatment (+27%, volumes treated), also benefiting from an enlarged scope of operations thanks to M&A transactions. In particular, note the recent partnership with the Modena-based company A.C.R. di Reggiani Albertino S.p.A.®, which enabled Hera to consolidate its leadership in the waste management area and has led to the birth of Italy’s largest operator in the environmental remediation and industrial waste global service sector, with widespread coverage throughout the country. Moreover, in the first three months of 2023, all main initiatives in the circular economy continued, from material recovery to renewable energy production. Also note the beginning of operations at the new biomethane production plant in Spilamberto (Modena), in a partnership with the Cremonini Group company Inalca. Following the NRRP grants awarded to construct platforms for material recovery, including in niche segments such as rigid plastics recycling and carbon fibre recovery, the Group was awarded further funding for upgrading and digitalising collection centres and “smart” facilities in the areas served, which will make it possible to optimise waste management services by making them increasingly innovative and efficient. Sorted municipal waste reached 70.7%, up 4.5 percentage points compared to the previous year, thanks to the development of projects in the areas served by the Group. In the first quarter of 2023, investments in the waste management area amounted to roughly 20 million euro, mainly involving maintenance and upgrading on waste treatment plants. The waste management area accounted for 21.4% of Group Ebitda. Special items and operational adjustments / balance sheet reconciliation IFRS financial statements Income statement Statement of financial position 20230510 Hera Group 1Q2023 results.pdf 12:27:00 cover_BS_2022_110x150.jpg See the press release cover_BS_2022_110x150.jpg

2023-04-27 The Group continues along its path of growth, creating value shareholders and the local areas served. Cristian Fabbri appointed Executive Chairman of the Board of Directors and Orazio Iacono confirmed as CEO. Hera’s Ordinary Shareholders Meeting, chaired by Tomaso Tommasi di Vignano, was held this morning in Bologna to approve the 2022 financial statements and the payment of a dividend rising to 12.5 cents per share, in line with what was previously announced during the presentation of the Business Plan to 2026. Among the various resolutions passed, the Meeting also appointed the members of the Board of Directors and the Board of Statutory Auditors for the next three years. The 2022 Sustainability Report (a consolidated non-financial statement, prepared pursuant to Legislative Decree 254/2016) was also presented during the Meeting. 2022 financial statements approved with results showing growth The Assembly approved the 2022 financial statements, which confirmed growth in key operating and financial indicators and in investments. Among the main results: Ebitda rose to 1,295.0 million euro (+6.2%) and net profit attributable to shareholders amounted to 322.2 million euro (+1.4%). Operating investments, including capital grants, reached 709.5 million euro (+20.5%), and went to promoting the energy transition, the circular economy and innovation, with concrete projects consistent with the main national and international policies, demonstrating the Group’s ongoing focus on enhancing the value of assets under management and increasing their resilience. Net debt stood at 4,249.8 million euro, compared to 3,261.3 million euro at 31 December 2021. The net debt/Ebitda ratio came to 3.28x, but excluding the gas reserve in storage facilities, this ratio drops to approximately 2.9x, in line with Hera’s performance targets. These figures demonstrate, once again, the validity of the management policies implemented by the Group, which, together with its solid and resilient multi-business industrial model, have proved effective in responding to the complex external scenario, enabling it to guarantee continuity and quality of services and to create value for the company and all stakeholders, while pursuing sustainable development. Dividends paid rise to 12.5 cents per share The Shareholders Meeting then approved the Board of Directors’ proposal to distribute a dividend coming to 12.5 cents per share, up 4.2% compared to the last dividend paid. The ex-dividend date was set at 19 June 2023, with payment as of 21 June 2023. The dividend will be paid to shares recorded on 20 June 2023. The dividend paid, based on the Hera share price at 31/12/2022, corresponds to an annual return of 4.94%. A strong focus on creating value for shareholders was thus confirmed. This increase is indeed consistent with the remuneration policy set out in the Business Plan, which foresees growth in dividends, reaching 15 cents per share by 2026. Sustainability Report: Shared-value Ebitda up sharply to 670.3 million euro The 2022 Sustainability Report was also presented during the Shareholders Meeting, showing that improvement in operating and financial indicators goes hand in hand with the Group’s focus on sustainability and its attention towards all stakeholders. More specifically, in 2022, shared-value Ebitda, which refers to business activities that also respond to the drivers for sustainable growth and therefore involve operations that help meet the targets on the Global Agenda, rose to 670.3 million euro, up significantly compared to 2021 (+17.5%) and corresponding to 51.8% of overall Ebitda. This result is in line with the path set out in the Business Plan, which projects this value at 62% of total Ebitda by 2026 and 70% in 2030, part of a linear process that generates concrete benefits for the local areas and communities served, parallel to the Group’s own development. Board of Directors and the Board of Statutory Auditors renewed The Board of Directors and the Board of Statutory Auditors were renewed for the next three years (their mandate expiring on the date of the Shareholders Meeting held to approve the 2025 financial statements). As an outcome of the vote, the following directors were appointed: majority list (representing Hera’s public shareholders agreement): Cristian Fabbri, Orazio Iacono, Gabriele Giacobazzi, Fabio Bacchilega, Gianni Bessi, Grazia Ghermandi, Alessandro Melcarne, Lorenzo Minganti, Milvia Mingozzi, Marina Monassi and Monica Mondardini minority lists: Francesco Perrini, Paola Gina Maria Schwizer, Alice Vatta, Bruno Tani. The CVs of the new directors can be consulted at: https://eng.gruppohera.it/group_eng/corporate-governance/board-of-directors As regards the Board of Statutory Auditors, the following auditors were appointed: majority list (representing Hera’s public shareholders agreement): Marianna Girolomini, Antonio Gaiani (standing auditors), Susanna Giuriatti (alternate auditor) minority list: Myriam Amato (Chairman), Stefano Gnocchi (alternate auditor). The CVs of the new auditors can be consulted at: https://eng.gruppohera.it/group_eng/corporate-governance/board-of-statutory-auditors Pursuant to current legislation on the issue and the Articles of Association, the gender criterion was respected. Other resolutions approved The Shareholders Meeting also approved a renewed authorisation for the Board of Directors to purchase treasury shares (and the procedures for their management) having a value of up to 240 million euro for 18 months, at the same time revoking last year’s resolution for the non-executed part. The renewal of authorisation to use treasury shares was requested in order to pursue the purposes permitted by law and accepted market practices, in order to increase value creation for shareholders in transactions carried out by Group companies as well, for whom investment opportunities may arise, and for transactions involving the issue of financial instruments. Lastly, the Shareholders Meeting approved the Report on remuneration policy and compensation paid, in line with international best practice, and the Corporate governance report was presented. Executive Chairman, Vice Chairman and CEO appointed The inaugural meeting of Hera’s Board of Directors, appointed in the morning by the Shareholders Meeting, was held this afternoon in Bologna. The Board appointed the Chairman, Vice Chairman and CEO. Cristian Fabbri, who has been with the company since 2006, was appointed Executive Chairman. Within the Group, he held positions involving increasing responsibilities before becoming Hera’s Central Market Director, CEO of Group subsidiaries Hera Comm and EstEnergy, and a member of the Boards of Directors of other Group companies. Gabriele Giacobazzi was confirmed as (non-executive) Vice-Chairman, the role he has covered since 2020. President of the Association of Engineers, he has been a professor at the Faculty of Engineering of the University of Modena and Reggio Emilia. Orazio Iacono was confirmed as CEO, the position he has held at Hera since May 2022. He previously worked at RFI and later Trenitalia, eventually acting as CEO and General Manager, a position he held until 2020. In 2021 he was Senior Advisor Oaktree Capital Management/PwC Italy and later became Chief Operating Officer Sustainable Infrastructures at Saipem. Lastly, the Board of Directors thanked Tomaso Tommasi di Vignano, whose term of office came to an end after more than 20 years at the helm of the Hera Group, for his fundamental contribution to the company’s growth. PR Hera Shareholders Meeting.pdf 16:13:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-04-14 Strong interest of international investors for the second sustainability-linked bond of the multiutility, for an amount equal to Euro 600 million and a maturity of 10 years, which received subscription requests for about Euro 2.7 billion, 4.5 times higher than the amount offered. The company also entered into a Euro 450 million sustainable revolving credit facility with the same group of banks that placed the bond and with the same key performance indicators. Two new achievements for the Hera Group, which is already a pioneer in this field in Italy: with the second “sustainability-linked bond” and the activation of a new “Sustainability-Linked Revolving Credit Facility”, the multiultility will allocate more than 1 billion Euro in financing to projects in favour of the green transition. In particular, the Euro 600 million of the new non-convertible bond is part of the sustainability strategy aimed at decarbonising and recycling plastics, while the new Euro 450 million “Sustainability-Linked Revolving Credit Facility” further expands the innovative financial products and instruments adopted by the company, contributing to maintain its financial soundness. "Our second “sustainability-linked bond” and the new credit line confirm the Hera Group's commitment to sustainability, with particular reference to the goals of carbon neutrality and circular economy”- states Orazio Iacono, CEO of the Hera Group. “These new sustainability-linked instruments will allow us to more actively pursue two specific targets that are particularly relevant to us, which we have been committed to for some time now with projects aimed at reducing our carbon footprint and increase plastic regeneration, in line with the energy and environmental transition strategies outlined in our business plan. This is an important contribution, which will lead us to reach the goals of the 2030 Agenda with concrete initiatives, to meet the challenges we face every day”. The characteristics of the second “sustainability-linked bond” The aggregate amount of the second “sustainability-linked bond”, reserved to qualified investors, to be issued under the company’s Euro Medium-Term Notes Programme – last updated on 12 April 2023 – is equal to Euro 600 million, repayable after 10 years. Also this second “sustainability-linked bond”, like the one launched in 2021, met a great interest from international investors. In fact, the transaction saw significant participation from international investors (France, Germany, the Netherlands and the United Kingdom), most of them specialised in sustainable finance products. The strong demand, with subscription requests of approximately 2.7 billion euro, equal to 4.5 times the offer, and the quality of the orders received have therefore allowed the price to be set at excellent levels. The bond provides for an annual fixed-rate coupon of 4.250%, while the yield at the time of issue is 4.310%. Starting from the interest payment date of 2032, a possible step-up (interest rate increase) is foreseen in case the company does not reach the targets of (1) reduction of Green House Gas emissions expressed in CO2 tonnes (rate increase of 0.30%) and (2) increase in the amount of recycled plastic, expressed in thousands of tonnes (rate increase of 0.20%). The sustainability-linked bond is part of the Hera Group’s strategy aimed at reducing greenhouse gas emissions and increasing the amount of recycled plastic. In particular, the Hera Group intends to reduce greenhouse gas emissions by 37% by 2030 (compared to 2019), thanks to concrete internal actions and to the involvement of suppliers and customers, in relation to the sale of electricity and gas: one of the most ambitious goals for a company in Italy, validated by the highly respected international network Science Based Target initiative (SBTi). With respect to the second target, instead, the multiutility intends to increase the quantities of recycled plastic by 150% by 2030 (compared to 2017), also thanks to the approximately Euro 1.2 billion of investments planned in the environment sector in the 2022-2026 Business Plan. In particular, the subsidiary Aliplast, leader in plastics recycling, envisages new industrial development projects with investments of more than Euro 80 million, both to expand plant capacity in the segments already covered (recycled PET) and to extend its operations to the recovery of hard plastics with a new plant. Located in Modena, and at the forefront on a European level from a technological point of view, so much so that it has also received contributions from PNRR (the Italian “National Recovery and Resilience Plan”), the plant will allow to make more sustainable even the sectors that until now have mainly used virgin materials such as consumer electronics. The settlement date of the issue is expected for 20 April 2023 and the notes will be listed, as of the issue date, on the regulated market of Euronext Dublin, on the regulated market of the Luxembourg Stock Exchange and, if appropriate, at a later stage, also on the ExtraMOT PRO multilateral trading system of Borsa Italiana. It is also expected that the sustainability-linked bond will be assigned a rating in line with the one assigned to Hera (rating Baa2 for Moody's and BBB+ for Standard & Poor's). The new “Sustainability-Linked Revolving Credit Facility” The new credit facility, in line with the one issued in 2018, includes a reward mechanism linked to the achievement of specific environmental objectives. In the agreement entered into with the banks, in fact, the same key performance indicators of the “sustainability-linked bond” have been defined, by virtue of which the multiutility will be able to benefit of more favourable rates over time. Hera's partners in the transaction The financial institutions involved in the issue of the “sustainability-linked bond” of Hera are BNP Paribas, Crédit Agricole CIB, Intesa Sanpaolo (Divisione IMI CIB), Mediobanca, Santander, UniCredit, BBVA, Banca Akros, Barclays, BPER Banca, CaixaBank, Deutsche Bank and MPS Capital Services. The financial institutions involved in Hera's sustainability-linked facility agreement are BNP Paribas, Banca Nazionale del Lavoro, Crédit Agricole CIB, Intesa Sanpaolo, Mediobanca, Santander, UniCredit, BBVA, Banco BPM, Barclays, BPER Banca, CaixaBank, Deutsche Bank and MPS Capital Services. Legance Avvocati Associati provided Hera with assistance in relation to both the “sustainability-linked bond” and the facility agreement, while the law firms Linklaters and Gianni & Origoni supported, respectively, the joint lead managers of the issuance and the banks of the credit facility. The Hera Group as pioneer in sustainable finance Hera, first company in Italy to issue a green bond in 2014, followed by two more "green" bonds in 2019 and 2022, and by the launch, in 2018, of the first sustainability-linked revolving credit facility, was also among the first Italian companies to issue a sustainability-linked bond, two years ago. The multiutility keeps to be a reference point for sustainable finance at national level and to integrate its financial strategies with a constant focus on sustainability. In fact, it is thanks to the use of innovative financial instruments that are attracting increasing attention on the market, that Hera supports its commitment to sustainable development. GruppoHera - 2° sustainability-linked bond and revolving credit line.pdf 07:31:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-04-12 Hera S.p.A. (the “Company”) announces that on the date hereof the update of its Euro Medium Term Notes programme has been completed, with the increase from euro 3.5 billion to euro 4.5 billion of the maximum plafond in principal amount of notes that may be simultaneously outstanding thereunder (the “EMTN Programme”). The base Prospectus of the EMTN Programme has been approved by the Central Bank of Ireland pursuant to the Prospectus Regulation and is available on the Company’s website and on the website of Euronext Dublin. The update and the increase of the maximum plafond of the EMTN Programme will allow the Company to take advantage of any new market opportunities in line with its financial strategy. 20230412_Update and increase of the EMTN Programme.pdf 17:37:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-04-05 Kindly note that the following documents, approved by the Hera S.p.A. Board of Directors, have been made available to the public at company headquarters, on the website https://eng.gruppohera.it/ and on the authorised storage platform 1INFO (www.1Info.it): folder containing the draft Separate and consolidated financial statements at 31.12.2022 Sustainability report – consolidated non-financial statement drafted pursuant to L. Decree 254/2016. In the same way, the 2022 Corporate Governance Report is also available. 20230405 Press release Financial Statements-DNF FY22.pdf 17:04:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-03-21 The year ended positively, with growth in the main operating and financial indicators. The Group’s financial solidity and its multi-business industrial model allowed it to maintain a low risk profile and increase value creation shared with all stakeholders. The dividends proposed rise to 12.5 cents per share. Financial highlights Revenues at 20,082 million euro (+90.3%) Ebitda* at 1,295.0 million euro (+6.2%) Net profit* attributable to shareholders at 322.2 million euro Net debt at 4,249.8 million euro and Net debt/Ebitda* at 3.28x, falling to roughly 2.9x net of gas storage Proposed dividends rise to 12.5 euro cents per share (+4.2%) Operating highlights Positive results from both internal and external growth Significant contributions from the gas area and the waste management sector, with significant interventions concerning the circular economy and green gases Consolidation of the Group’s ranking as the first operator in waste management, second in the water cycle and third in energy, with over 3.5 million customers in the energy sector Shared-value Ebitda up sharply to 670.3 million (+17.5%), approximately 52% of total Ebitda Confirmed for the third consecutive year as the best company in the Multi-Utility & Water sector in the Dow Jones Sustainability Index, World & Europe Today, the Board of Directors of the Hera Group, chaired by Tomaso Tommasi di Vignano, unanimously approved the consolidated operating results at 31 December 2022 and the Report on remuneration policies and compensation paid, as well as the Sustainability report. Statement by Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group “The 2022 financial year closed positively, with results exceeding expectations and fully consistent with previous quarters. After 2021, this is one of the best growth rates recorded in more than twenty years by the Hera Group, all the more appreciable in light of the external context in which it was achieved. Relying on the strength of our consolidated business model and our risk-averse policies, we have once again confirmed our commitment to creating value for the company and for all our stakeholders. The proposed increase in dividends, coming to 12.5 cents per share and in line with the communications made when presenting the Business Plan to 2026, also goes in this direction. On the one hand, we have continued to make investments, in order to face the energy crisis and ensure that all our assets remain resilient and performing, thus ensuring that our strategic plans are carried out and the quality of the services managed stays high. On the other, we have pursued the company’s development along external lines, with M&A transactions in the energy and waste management sectors, with the goal of consolidating our position in the reference markets and further improving the competitiveness and efficiency of the solutions we offer to our customers.” Statement by Orazio Iacono, CEO of the Hera Group "The positive results achieved allow us to face the future with confidence, continuing to invest to grow and increase the resilience and digitisation of our infrastructure. Our efficient financial management, along with cash flow generation, allowed us to close the financial year 2022 with a net debt/Ebitda ratio coming to 3.28x, which, excluding the gas storage investments now falling back into line, drops to below 3x, in line with the Group’s historically prudential policy. Shared-value Ebitda rose to 670 million, 51.8% of total Ebitda, and showed growth outpacing that of overall Ebitda, which proves that we are progressively making our operations more and more sustainable. 2022 was also a record year for investments, which came to over 700 million euro, 62% of which were put in place to pursue carbon neutrality, promote the circular economy, enable resilience and innovate. A number of innovative initiatives in the area of renewables also moved in this direction: for example, in 2022 we expanded our biomethane production capacity by around 50% with the construction of a second plant, and we were the first in Italy to introduce a hydrogen-natural gas blend into a city’s network intended for households. Partially thanks also to this latter operation, our gas distribution networks have become fully aligned to the European Taxonomy.” Uninterrupted growth in business and value created for stakeholders, thanks to a well-established multi-business model and sound management policies Thanks to its consolidated multi-business model, balanced between regulated and free-market activities, and its good operational, financial and fiscal management, the Hera Group closed 2022 with operating results and investments up on the previous year. It therefore dealt positively with a particularly complicated external scenario, marked by ongoing volatility on the energy market and a highly unstable international geopolitical situation. The management policies implemented by the Group, together with its solid and resilient industrial model, once again proved effective in responding to these external complexities, making it possible to guarantee continuity and quality in services and creation of value for all stakeholders, while at the same time pursuing sustainable development. In addition to the flexibility shown towards suppliers, who were allowed to revise their supply conditions based on inflation, numerous initiatives were introduced to support customers, with particular attention to those facing hardship, including reinforcing instalment plans for bills, extending protocols with municipalities and social bonuses for district heating, and supporting digital tools and qualified operators for consumption analysis and efficiency. The Group thus proved able to turn challenges into opportunities and confirmed its significant volume of investments in the energy transition, the circular economy and innovation, with concrete projects coherent with the main national and international policies. More specifically, in 2022 an increase coming to over 20% was seen in investments compared to 2021, demonstrating the Group’s ongoing focus on valorising and strengthening the resilience of assets under management, with the ultimate goal of continuing to create value for stakeholders. Furthermore, following up on its commitment to offer its customers efficient, innovative and competitive solutions in terms of costs and sustainability, the Hera Group continued to seize opportunities to expand its scope of operations through M&As. In the energy area, through Hera Comm, the company Con Energia was acquired, while in the waste management area, Marche Multiservizi acquired the company Macero Maceratese, located in the province of Macerata, specialised in waste recovery and treatment . In recent weeks, two further transactions were finalised, whose effects will be seen as of 2023. The first, particularly important, concerns the acquisition, through Herambiente Servizi Industriali, of 60% of the Modena-based company A.C.R. di Reggiani Albertino S.p.A.®, one of the largest Italian enterprises operating in the remediation sector, industrial waste treatment, industrial plant decommissioning and civil works related to oil & gas. This partnership, in addition to strengthening Hera’s leadership in the waste management area, has led to the creation of Italy’s largest operator in the environmental reclamation and industrial waste global service sector, with widespread coverage throughout the country, and will bring a contribution of approximately 20 million euro to the Group’s consolidated Ebitda. The second transaction, concluded on 14 March, concerns the acquisition of 92% of the shares of Asco TLC by the Hera Group, through its subsidiary Acantho, and by Ascopiave, which thus now have shareholdings coming to 36.8% and 55.2% respectively. Revenues rise sharply to over 20 billion euro The Hera Group’s 2022 revenues increased to 20,082 million euro, up considerably from the 10,555.3 million euro seen in 2021. In particular, strong growth occurred in the energy sector, as a result of increased energy commodity prices, which was compounded by an expanded customer base and increased activities related to sales of value-added services and solutions for energy efficiency and self-generation. Higher revenues in the waste management area mainly came from energy production, new acquisitions in the industrial market, and higher prices in the markets covered. Ebitda* up to 1,295 million euro Ebitda* for 2022 rose to 1,295 million euro, up 6.2% from the 1,219.4 recorded at 31 December 2021. This increase, due in particular to the good performance of the waste management area, up by 46.3 million, and to the overall contribution coming from the energy areas, amounting to 28.8 million, is all the more appreciable considering that it absorbs the negative effect, totalling approximately 22 million, resulting from the revision of the WACC by the Regulatory Authority for Energy, Networks and the Environment (ARERA), effective as of 1 January 2022. Financial operations essentially stable and pre-tax result* up to 502.9 million euro The result from financial operations at 31 December 2022 amounted to 125 million euro, a slight increase coming to 5.2 million compared to the previous year. This change was mainly due to an increase in net financial debt caused by gas storage activities and the working capital absorbed by increased energy commodity prices compared to 2021. Pre-tax results rose to 502.9 million euro, up 3.2% from 487.5 million in 2021, entirely offsetting the increases recorded in depreciation, amortisation and provisions and in financial operations. Net result* increases to 372.3 million euro The tax rate came to 26% for 2022, as against 26.8% in 2021. This improvement was mainly due to the non-recurring concessions, in the form of tax credits, introduced for purchases of electricity and gas, which represented positive income components that were not taxed, as well as benefits from the redemption of a number of higher values arising from corporate acquisitions. The net result* at 31 December 2022 thus amounted to 372.3 million euro, up 4.3% from 356.9 million seen one year earlier. Net profit* attributable to shareholders at 322.2 million euro Net profit* attributable to shareholders at 31 December 2022 amounted to 322.2 million, up (+1.4%) compared to the same figure for 2021, obtained by excluding non-recurring extraordinary income items coming to 12.6 million euro. Strong growth in investments and net financial debt affected by increases in gas storage In 2022, the Hera Group’s operating investments, including capital grants, reached 709.5 million euro, up 20.5% compared to 2021. The main interventions concerned plants, networks and infrastructures, in addition to regulatory upgrading mainly related to gas distribution and the integrated water cycle, respectively involving a large-scale meter replacement, with new-generation devices, and specific interventions in the purification and sewerage areas. Partially due to the significant volume of investments on the Group’s networks and assets, RAB rose to 3.4 billion euro, up 133 million compared to 2021. Consideration must furthermore go to the significant financial resources invested to increase the amount of gas stored. These resources, which at 31 December 2022 amounted to 503.7 million euro, plus a further 200 million for withdrawals made in December that have not returned as cash flows, act as a short-term strategic investment insofar as they enabled the Group to guarantee security and flexibility in the supply of gas to its customers. Net financial debt rose to 4,249.8 million euro, as against 3,261.3 million at 31 December 2021. This increase is mainly due to higher net working capital, caused by the significant investment in gas storage and higher energy commodity prices in 2022, compared to the previous year, as well as the considerable investments made during the year and M&As (acquisition of 100% of Con Energia and 70% of Macero Maceratese). The net debt/Ebitda* ratio increased to 3.28x, from 2.67x in 2021, but if the gas reserve in the now almost completely emptied storages is excluded, this ratio comes to roughly 2.9x, which is below the Group’s historical prudential policy and is perfectly in line with its performance targets. The operating result shows a double-digit return on equity (ROE), coming to 10.0%. Strong growth in Shared-value Ebitda, reaching 670.3 million: commitment to sustainability and focus on stakeholders confirmed As confirmation of Hera’s commitment to sustainability and its focus on creating shared value in the areas served, 2022 Shared-value Ebitda, referring to business activities capable of responding to the goals on the Global Agenda, rose to 670.3 million, up 17.5% compared to 2021 and corresponding to 51.8% of overall Ebitda. This result is in line with the path set out in the Business Plan, and the objective is to arrive at 70% in 2030, thanks to a process that generates concrete benefits for the areas served and for local communities, alongside the company’s own development. More specifically, in 2022 investments in shared value drivers amounted to 510 million euros, roughly 62% of total investments. In addition, roughly 90% of the investments eligible for the Taxonomy are already aligned with the criteria of the European Regulation. The Group’s best practices in ESG factors led Hera to be confirmed, for the second year in a row, among the best companies internationally in the ESG Evaluation carried out by S&P Global Ratings and, for the third consecutive year, in the Dow Jones Sustainability Index, World & Europe, one of the world’s most authoritative stock market indices for evaluating social responsibility, ranking as the best company in the Multi-Utility & Water sector. Proposed dividends increase to 12.5 cents per share Confirming its focus on creating value for shareholders, in line with the communications made in February when presenting the Business Plan to 2026 and in consideration of the positive results achieved, the Board of Directors decided to propose to the Shareholders Meeting to be held on 27 April a dividend coming to 12.5 cents per share, up 0.5 cents compared to the last dividend paid. The entire future dividend policy will benefit from this increase, reaching 15 cents per share in 2026. The ex-dividend date will be 19 June 2023, with payment starting on 21 June 2023. The dividend will be paid to the shares recorded on 20 June 2023. Report on remuneration policies and compensation paid approved The Board of Directors also approved the Report on remuneration policy and compensation paid, in line with international best practices. Gas Ebitda* for the gas area, which includes natural gas distribution and sales, district heating and energy services, increased significantly compared to the previous year, amounting to 585.1 million euro (+21.1%), as against 483.2 million euro in 2021. Growth in the gas area, in terms of both revenues and volumes sold, was mainly due to the opportunities provided, in the energy services segment, by the incentives for energy efficiency in homes (110% super-bonus and insulation bonus), confirming a sector trend already recorded in previous quarters. A contribution also came from the acquisition of Con Energia and the growth in customers, including the tenders awarded relating to the last resort and Consip markets. In particular, Hera Comm was awarded, for the period from 1 October 2021 to 30 September 2023, 6 of the 9 lots of the last resort gas service in 12 regions, all 9 lots of the gas default service tender, as well as 2 of the 12 lots of the Consip GAS14 tender for supplying natural gas to public administrations in 2022, both in Lombardy. The number of customers rose slightly, coming to 2.1 million (+1%) overall. In 2022, net investments amounting to 156 million were made (+11% compared to 2021), mainly concerning distribution, with non-recurring maintenance on networks and plants, smart gas meter commissioning, including the innovative NexMeter patented by Hera, district heating and energy services, as well as activities related to acquiring new customers. The first national trial of hydrogen injection into a municipal gas distribution network was also begun in Castelfranco Emilia in Modena area, an asset readiness test on the infrastructure that is part of the Group’s strategy to promote renewable sources, in line with European indications and confirmed gas distribution to be almost fully aligned to the European Taxonomy. The gas area accounted for 45.2% of Group Ebitda. Electricity Ebitda for the electricity area, which includes services in power generation, distribution and sales, came to 71.6 million, as against 144.7 million in 2021, mainly due to the different conditions on the energy markets, linked to the exceptional context of rising raw material prices, which affected procurement, and a lower contribution coming from dispatching services. Note the solidity of commercial development, as confirmed by growth in customers and the number adhering to innovative offers (relating to electric mobility, photovoltaics, heating and air conditioning) and value-added services. In addition to this, Hera Comm was awarded by tenders: 4 of the 17 lots of the Consip EE19 tender for supplying electricity to public administrations in 2022 in the provinces of Rome, Campania, Calabria and Sicily; 3 of the 9 lots of the gradual protected service for supplying electricity to SMEs, for the period from 1 July 2021 to 30 June 2024, in 9 regions; 1 of the 9 lots of the safeguarded market for the years 2021 and 2022 in 3 regions. Electricity customers came to over 1.4 million (+3.4%), with growth mainly in the free market, thanks to a reinforcement of commercial actions, and partly in the protected market. In the electricity area, gross and net investments amounted to 78.3 million, up 41.6% compared to the previous year. The interventions carried out mainly involved extraordinary maintenance on plants and distribution networks in the Modena, Imola, Trieste and Gorizia areas, a large-scale meter replacement and the improvement of network resilience. Requests for new connections also increased slightly compared to the previous year. The electricity area accounted for 5.5% of Group Ebitda. Water cycle The integrated water cycle area, which includes aqueduct, purification, and sewerage services, recorded an Ebitda coming to 261.9 million euro, essentially in line with the 262.4 million euro seen during the previous year, due to higher procurement costs for energy components and a rise in network and plant management costs, partially due to an increase in the price lists for suppliers of materials and services. This result is particularly positive because it shows that the Group was able to offset the reduction in WACC with technical premiums for the excellence of the services provided to citizens. Indeed, Arera’s recognition of the Hera Group’s commitment to extremely high technical quality standards must be underlined, thus rewarding significant investments, state-of-the-art plants and the use of the best technologies for an efficient management of the water cycle, to guarantee continuity, safety and quality of services in local areas, in line with Hera’s sustainability and circular economy strategies. From a regulatory point of view, note that 2022 was the third year of application of ARERA’s new tariff method. In addition, note that the Emilia-Romagna Regional Agency for the regulation of local environmental public services (Atersir) definitively awarded the concession for the integrated water service for the Province of Rimini (excluding the Municipality of Maiolo) for the years 2022 to 2039 to the Hera Group, which will therefore continue to manage this service with an eye to sustainability and innovation. Including capital grants, investments amounted to 208 million euro (+6.9%), mainly involving extensions, reclamation, and upgrading on networks and plants, as well as regulatory upgrading mainly in the purification and sewerage areas. The main interventions concerned, in particular, the aqueduct, with ongoing reclamation for networks and connections, and specific renewal and upgrading interventions, aimed above all at countering the risks of water shortages related to the increasingly frequent conditions of drought. In the sewage sector, work continued on the Rimini seawater protection plan, among the most important and avant-garde works in Italy in this field, which comes alongside network upgrading works in other areas. In the purification sector, adjustments to the Lido di Classe in Ravenna aarea, purification plant, revamping on the anaerobic digestion system at the Gramicia purification plant in Ferrara, the installation of centrifuges at the Savignano purification plant in Forlì area, and work on the San Giovanni in Persiceto purification plant located in Bologna province are all worth mentioning. The integrated water cycle area accounted for 20.2% of Group Ebitda. Waste Ebitda for the waste management area, which includes waste collection, treatment and disposal services, rose to 338 million euro, +15.9% compared to the 291.7 million euro seen in 2021, despite the fact that in 2022 the complex economic and geopolitical context led to a slowdown in production in many manufacturing sectors, with repercussions in waste production. This result was mainly due to waste treatment activities, with an Ebitda of 277.5 million, up 55 million, while waste management services for collection and street sweeping saw an Ebitda coming to 60.6 million. These figures are in line with expectations and must be set in a context marked by the beginning of new concessions in the Ravenna-Cesena, Modena and Bologna areas, and the consequent increase in service costs in the same areas. In the waste treatment sector, particular mention must go to the extraordinary results achieved by Group subsidiary Aliplast, whose Ebitda came to 53.5 million euro in 2022, more than tripling in the five years since it became part of the Hera Group. Also note the increased margins from energy management, amounting to approximately 30 million euro, in addition to an increase in the prices of waste treated, the expansion of the industrial waste market, and the contribution coming from new acquisitions. Italy’s leading operator in the waste management sector, with roughly one hundred state-of-the-art plants capable of treating all types of waste, the Hera Group thus confirmed a significant amount of growth in this sector for 2022, favoured by geographical expansion and by sound management and commercial policies. Furthermore, in 2022, Group subsidiaries Aliplast and Herambiente Servizi Industriali obtained approximately 15 million in contributions from the National Recovery and Resilience Plan (NRRP) as part of its circular economy “Lighthouse” projects, which concern the construction of platforms serving for material recovery, two of which are absolutely innovative at European level, not only from a technological point of view, but also for the strategic importance of the materials involved, i.e. one plant for regenerating carbon fibres and one for recycling rigid plastics. Protecting environmental resources was therefore confirmed as a priority objective in 2022, as was their maximal reuse. This is also proven by the special attention dedicated to increasing sorted waste collection, which, thanks to the strong commitment that the Group has made in all areas served, rose to 67.8%, up 2.5% compared to 2021. Gross investments in the waste management sector amounted to 149.2 million euro, with a sharp increase compared to the previous year (+51.9%), mainly concerning maintenance and upgrading on the set of plants. These investments include, in particular, a new plant built in Spilamberto, in the Modena area, in a partnership with the Cremonini Group company Inalca, with a biomethane production capacity of 3.7 million cubic metres, which, when fully operational, will result in a 48% increase in biomethane produced compared to the total for 2022 (equivalent to 7.7 million cubic metres, produced by the Sant’Agata Bolognese plant alone). Other interventions concerned the Ravenna plant and the landfills in Cordenons in Podernone province, work done by Marche Multiservizi on the Cà Asprete plant in Tavullia (Pesaro-Urbino), revamping on the waste-to-energy plant in Trieste and the F3 plant in Ravenna, and extraordinary maintenance for the plants in Bologna and Rimini. Increased investments were also made in ecological islands and collection equipment. The waste management area accounted for 26.1% of Group Ebitda. * In order to ensure that the results presented reflect the actual performance of the gas business more closely, and are thus more easily comparable, the figures with an asterisk include an operational adjustment based on a valuation of stocked gas at prices pertaining to the period of injection, thus excluding procurement intended for delivery to end customers with costs defined in 2021 (much lower than the costs seen in 2022). See the paragraph entitled “Special items and operational adjustments / balance sheet reconciliation”, which contains a comparison between the operating statement and the IFRS balance sheets. The manager responsible for drafting the company’s accounting statements, Massimo Vai, 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 financial statement and related materials will be available to the public pursuant to the terms established by law at the Company Headquarters, on the website www.gruppohera.it and on the authorised storage platform 1Info (www.1info.it). Unaudited extracts from the Consolidated Financial Statements at 31 December 2022 are attached. Press release FY 2022.pdf 14:07:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-02-08 Based on positive preliminary results for 2022, the new five-year Plan builds on the solid foundations of the previous one and is enriched with important projects aimed at promoting the circular economy, the energy transition and network resilience, with more than 4.1 billion in investments furthering the creation of value benefitting all stakeholders. Dividends are also expected to increase, and financial solidity is confirmed. Operating and financial highlights 2026 Ebitda: approximately 1.5 billion (+246 million compared to 2021) Total investments amount to over 4.1 billion (+53% compared to the last 5 years) Net debt/Ebitda at 2.8x in 2026 Dividends further increase to 15 cents per share in 2026 (+25% compared to last dividend paid) More than 130 million in NRRP (National Recovery and Resilience Plan) grants obtained to accelerate the Group’s investments in the areas served Industrial highlights Development driven by both internal and external (M&A) growth and balanced between regulated and free market activities Target of 4 million energy customers by 2026 2026 Shared-value Ebitda: 62% of total Ebitda, or roughly 910 million, in line with 2030 target of 70% Key goals for 2030 include a 150% increase in recycled plastics and a 37% reduction in emissions Solid point of reference to help local areas move towards the ecological and digital transition and social cohesion Today, the Hera Group’s Board of Directors, chaired by Tomaso Tommasi di Vignano, approved the Business Plan to 2026, which confirms the Group’s commitment to maintain a significant volume of investments over the next five years. Accelerating the evolution of all business areas in which it operates and the strategic guidelines defined one year ago, the Plan is in line with EU policies and responds to the particularly challenging external context, with the aim of continuing to create value for all stakeholders and confirming itself as a solid reference point for the areas served. Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group: “The growth seen in the preliminary figures for the year just ended confirms the resilience of our business. We will thus continue to pursue our development strategy, relying on our distinctive know-how in the areas of circularity, efficiency and the energy transition, to meet the rapidly growing demand coming from customers who are increasingly sensitive to energy saving and environmental sustainability. In the new Plan, focused on creating value for all stakeholders, we expect to make significant investments and increase all previous commitments, including those related to the dividend payment policy.” Orazio Iacono, CEO of the Hera Group: “Our development strategy, as defined by the Plan, relies on a solid foundation and is focused on achieving higher levels of efficiency, reinforcing all services offered and increasing the resilience and digitalisation of our infrastructures, thus supporting the areas served in moving towards the ecological transition, with the help of NRRP funding. Having already optimised emissions in our production processes many years ago, our focus will increasingly go to supporting families, businesses and all our stakeholders in this transition. As confirmation of our solidity, furthermore, the growth foreseen over the period covered by the Plan will be flanked by a conservative financial leverage, which will allow us to grasp further opportunities.” Over 20 years at the side of the areas served, with preliminary Ebitda for 2022 rising to almost 1.3 billion Last November, the Hera Group celebrated its 20th anniversary: since its establishment, the Group has achieved an uninterrupted path of growth which, relying on a multi-business industrial model and balance between internal growth and M&As (more than 40 since 2002), has made it one of the most important Italian multi-utilities, holding a position of consolidated leadership in the sectors in which it operates. As confirmation of the achievements made over the twenty years since its establishment, the Hera Group expects to close the 2022 financial year with growth in results exceeding expectations: preliminary Ebitda stands at approximately 1,285 million euro, roughly 60 million euro higher than 2021 Ebitda, while the Net debt/Ebitda ratio is expected to come to approximately 3.3x, improving compared to previous quarters, which is all the more appreciable considering the extraordinary market situation, the increase in the cost of energy commodities and the higher investments sustained in 2022, totalling roughly 780 million. These preliminary figures thus indicate the resilience of industrial margins and the validity of the Group’s multi-business model, which capitalises on the experience gained over the years, preserving its assets and accelerating the sustainable growth of the company and the communities it serves. An effective strategy to respond to the challenging context In a challenging external context – marked by high uncertainty caused by geopolitical instability, market volatility, rising inflation, higher energy prices and supply chain problems – the Group has turned challenges into opportunities and drawn up a Plan that follows up on the path previously undertaken. Its concrete projects are consistent with the main national and international policies on the energy transition, circular economy and innovation. Within this framework, cities will play a key role in mitigating climate change: Bologna and Padua are among the 100 selected by the EU Commission to become “smart zero-impact cities” by 2030, and the Hera Group has already launched investments and key projects to support municipalities in achieving carbon neutrality. Investments amounting to over 4.1 billion euro, supported by NRRP contributions The Plan to 2026 foresees total investments coming to over 4.1 billion euro, with an average of roughly 825 million euro per year, an increase over the previous Plan. Of these investments, 60% will go to regulated businesses and the remaining 40% to free market businesses. These figures include concrete initiatives in the areas served, to which more than 130 million euros in NRRP funding have already been allocated. Additional funds have been earmarked for urban waste collection and street sweeping projects, for which a decision is expected in the coming months. Of the investments planned between 2022 and 2026, 70% will go towards the targets set by the UN’s 2030 Global Agenda, and regarding the European Taxonomy, all, or virtually all, of the capital allocated to eligible assets (approximately 98%) is in line with the technical criteria defined by the European Regulation. Furthermore, 40% of investments will be reserved for interventions aimed at enhancing the safety and resilience of the assets under our management, and more than 30% will go towards promoting digitisation and innovation. The positive cash flow over the period covered by the Plan will finance the upcoming investments, progressively bringing leverage back to below 3x, with the goal of reaching 2.8x by 2026. The Group’s main projects to contribute to current transitions The strategy to 2026 has been designed to respond to the sector’s most significant challenges, with outstanding projects in all geographical areas in which the Group operates. This Plan also confirms the Group’s commitment to the energy transition and the contribution it will make, for example with initiatives aimed at developing renewable sources of electricity and gas. This will include the installation of photovoltaic plants on sites owned by Hera and by household and industrial customers, and the production of biomethane and hydrogen, to be fed into the distribution network or for local consumption (“Hydrogen Valleys”), thanks to technologies that have already been tested (biomethane from organic sources) or are unique nationwide (a power-to-gas plant combined with the integrated water cycle). Energy efficiency initiatives will also contribute to the ecological transition, from those reserved for industrial customers, condominiums, and public administrations to various solutions that will allow our Group to reduce energy consumption by 10% compared to 2013. Likewise, the new Business Plan will intensify the evolution shown by the Group and our customers towards a circular economy model. On the one hand, this involves innovative plants for recycling rigid plastics or carbon fibres, which will lead to a twofold increase in volumes of recycled plastics compared to 2017. On the other, the commercial and plant solutions offered by Herambiente Servizi Industriali to its customers and the smart equipment reserved for household customers in which to deposit their waste, will be aimed at a 73% packaging recycling rate as early as 2026 and 77% sorted waste collection, with the introduction of smart collection systems and new technological devices measuring waste deposited by the unit. Lastly, the Hera Group’s strategy will be developed thanks to a solid contribution coming from innovation, an enabling element for the ecological transition broadly speaking. Our infrastructures (networks and plants) will make the most of opportunities coming from remote management, remote control and automation, to provide the area served with greater resilience to increasingly frequent climate phenomena, with the possibility of accurate and immediate interventions, and therefore risk mitigation for the services provided. Ebitda at roughly 1.5 billion euro in 2026, thanks to internal and external growth As regards the main economic aspects of the Business Plan to 2026, Ebitda totalling 1,470 million euro is expected, up 246 million compared to 2021, with average annual growth coming to roughly 50 million and balance between internal growth and M&A. This is a particularly considerable goal, given that strong negative impacts will also be absorbed, for example due to revised tariffs related to WACC for regulated businesses (electricity distribution, gas and the water cycle), the gradual expiry of incentives related to energy production from waste-to-energy plants and the end of certain incentives for works in condominiums (insulation bonus and 110% super eco bonus). With a positive contribution expected from all business segments, internal growth will account for 146 million of the overall increase in Ebitda, driven mainly by the margins associated with new projects, the industrial and commercial developments foreseen by the Plan and efficiencies and synergies in the current scope of operations. A further contribution amounting to 100 million will come from M&As, of which about 24 million from recently concluded acquisitions involving two companies in the waste management sector, Macero Maceratese in the Marche region and ACR in Modena – leading to a strengthened leadership in the industrial waste sector, reclamation and global service activities in particular – and one currently being finalised in the North East in the telecommunications sector, involving Asco TLC, in a partnership with Ascopiave. Additionally, further acquisitions of companies operating in the waste management and energy businesses will lead to an expansion of the Group’s range of services or the extraction of synergies. Focus on our stakeholders: shared-value Ebitda at 62% by 2026, dividends up 25% Sustainability remains one of the cornerstones of the Group’s growth strategy, perfectly integrated and covering all areas in which it operates, with an increasing focus on creating value for all stakeholders. Shared-value Ebitda itself, reported since 2016, has increased steadily over the years and is expected to account for 62% of the Group’s total Ebitda in 2026, amounting to roughly 910 million and rising to 70% in 2030, following a path that generates concrete benefits for the areas served and local communities, at the same rate as the company’s own development. Confirming its constant focus on creating value for shareholders, the Group also plans to pay continuously increasing dividends. With the approval of the 2022 financial statements, it will in fact propose to the Board of Directors a 12.5 cents per share dividend, up from 12 cents in 2021. A progressive increase in dividends is also expected over the period covered by the Plan, reaching 15 cents per share in 2026, up 25% from the last dividend paid. Earnings per share are expected to rise by more than 3% on average per year. Leader in waste management, with over 100 state-of-the-art plants and innovative projects to meet carbon neutrality and circular economy targets Ebitda for the waste management business is expected to rise by 149 million, with the total figure increasing from 292 million in 2021 to 441 million in 2026, driven by both internal and external growth. Over the period covered by the Plan, the Group aims to further strengthen its national leadership in the waste management area and, supporting this growth, it foresees roughly 1.2 billion in investments, three quarters of which in waste treatment and recovery, aimed at augmenting the Groups’ set of plants. With over 100 state-of-the-art plants, the Group is able to treat all types of waste (municipal, industrial and plant by-products), with a total of approximately 8.7 tonnes expected by 2026. To support the growth in volumes treated, in addition to expanding the set of plants, a greater commitment to waste intermediation has been planned, by establishing an international network of partnerships with European players. The distinctive objectives of the Group’s strategy also include renewable gas production. Based on the excellent results achieved by the Sant’Agata Bolognese (Bologna) plant, which produces biomethane from the organic fraction of waste, the Plan calls for a further increase in the quantities produced, reaching 12 million cubic metres per year in 2026, partially thanks to the contribution coming from the partnership with the Cremonini Group company Inalca. In early 2023, work on a plant equipped with the most advanced anaerobic digestion and upgrading technologies indeed began in Spilamberto (Modena). When fully operational, this plant will produce 3.7 million cubic metres of biomethane per year and approximately 18,000 tonnes of compost from the sorted collection of organic waste and agri-food waste. The Group subsidiary Aliplast, a leader in plastics recycling, also plans new industrial development projects with investments reaching over 80 million euro. This will expand plant capacity in the segments already covered, such as the production of recycled PET for food use and recycled polymers for cosmetics and food, and in innovative niche segments. In particular, two new platforms will be built that are absolutely at the forefront at a European level, both from a technological point of view and for the strategic importance of the materials involved, so much so that they have also received NRRP funding for their innovative features: the Imola (Bologna) plant for carbon fiber regeneration and the plant for rigid plastic recovery that will be located in Modena. These plants will make it possible for sectors such as the automotive, nautical, aerospace and consumer electronics industries, which until now have mainly used virgin materials, to become increasingly sustainable. Alongside plant construction, commercial development will concern the context of waste management, driven by larger national and international customers who increasingly demand advanced solutions in terms of circularity and waste recovery, and who find an ideal partner in Herambiente Servizi Industriali. A target of 4 million energy customers by 2026, to be enabled and supported in the energy transition Over the period covered by the Plan, Ebitda for the energy area is expected to increase by 16 million, from 423 million to 439 million in 2026, more than offsetting the discontinuities of the period, thanks to a progressive increase in the customer base and higher demand for value-added services (VAS). To support this growth, 650 million in investments have therefore been allocated for the five-year period 2022-2026. In addition to a 16% increase compared to 2021 in the customer base, which will reach 4 million in 2026 – well balanced between electricity and gas – and thus consolidate the Group’s position as third in the energy sector, over the period covered by the Plan the Group intends to further support its customers in moving towards the energy transition and electrification of consumption, with enhanced and enriched VAS offers, new products and increasingly advanced solutions. The more innovative VAS proposals include offers that allow customers to monitor and reduce losses, thanks to tools that increase energy efficiency in homes, self-production and sustainable mobility, with the goal of reaching 2,300 photovoltaic systems sold to household customers over the period covered by the Plan. At the same time, the Group’s efforts in the field of renewable energy will also be reinforced with several projects that will bring the installed photovoltaic capacity owned by the Group to over 90 MW by 2026. Including installations on sites owned by customers, from traditional photovoltaic panel systems to the new distributed power generation models, with the establishment of Energy Communities, the installed capacity by 2026 will come to 150 MW. Innovation will also be a key lever in evolving the relationship between seller and customer towards new standards of quality and satisfaction, increasing customer loyalty through individualised offers that will make the most of data collected by second-generation meters, and through the introduction of artificial intelligence solutions to support the various business applications used in customer relations. Increasingly resilient networks, ready for the energy transition Ebitda for the network sector is expected to grow by 74 million, from the current 472 million to 546 million in 2026, after taking Arera’s recent tariff revision into account. Development in this area will be sustained by internal growth, in turn driven by the significant investment plan foreseen for the five-year period in question, amounting to roughly 2.2 billion. Approximately half of these resources will be allocated to the integrated water cycle, while another large portion, coming to 42%, will be invested in gas and electricity distribution. Network infrastructures will boast increasing resilience to external effects (climatic and otherwise), thanks to numerous digitisation and automation projects, which will make interventions on the systems managed more rapid. The use of predictive maintenance and functional modelling tools will also make it possible to better classify, plan and establish the parameters of each required intervention on the range of networks managed, benefiting the end customer in terms of both efficiency and service quality. Another boost to innovation in the sector will come from installing roughly 410,000 second-generation (2G) electricity meters, which will allow for more precise measurement of consumption, about 300,000 NexMeter gas smart meters, patented by the Group, having with advanced safety functions in the event of leaks or earthquakes and also useable for blends with ‘green gas’, and approximately 100,000 residential smart meters for the water cycle. The network sector will also contribute to the energy transition, by both adapting and making a positive contribution. On the one hand, the Group will intensify projects aimed at experimenting with the production of hydrogen and renewable gas, such as the power-to-gas plant in Bologna, one of the first of its type to be built internationally, which will come into operation within 2025 inside the largest purification plant by catchment area among those managed by the Group. On the other, tests for hydrogen injection into the gas distribution network will continue in order to prepare this infrastructure to accommodate new renewable forms of energy, on which European energy strategies are also based. Once again with a view to decarbonisation, the Group will invest roughly 160 million in district heating, with projects aimed at developing and optimising existing systems and maximising the use of heat from renewable sources. The projects in Bologna, Ferrara and Forlì, which were recently awarded NRRP funding, are a concrete example of the path that will be pursued and, alone, will reduce emissions by almost 29,000 tonnes of carbon dioxide and will reduce fossil fuel consumption by 12,500 tonnes of oil equivalent per year. In addition, various circular economy initiatives have been planned for saving, reusing and recovering water, at both customer locations and the Group’s worksites and offices, which include optimising sewage sludge management and recycling materials coming from water cycle waste with dedicated plant facilities and innovative tools. Projects aimed at safeguarding water resources, with a focus on reducing losses, controlling energy consumption and safeguarding sources, have been developed in the North-East by Group subsidiary AcegasApsAmga, partially financed by the NRRP and presented alongside other operators. Some examples include the “Smart Water Management FVG”, which aims to reduce network losses in Friuli-Venezia Giulia by 13% through asset digitisation projects, and the “Sustainable water management” project, intended to reduce losses in the aqueduct systems in the provinces of Padua and Vicenza. Lastly, in Padua, seven new biodryers will be installed in purification plants, with benefits including a significant reduction in the volume of sludge to be sent for recovery and a lower use of energy, while in Udine an innovative plant will be built to treat the sludge coming from all the purifiers in Friuli-Venezia Giulia and eastern Veneto. The Plan to 2026 confirms the path towards the main industrial objectives for 2030 as previously defined The many projects set out in the Business Plan to 2026, discussed here simply as examples, will make it possible to define a path consistent with all the ecological transition targets to be reached by 2030 that the Hera Group established some years ago. As regards the Group’s commitment to reducing carbon dioxide emissions, the range of initiatives make it possible to confirm the ambitious 37% reduction target to 2030, already approved by the prestigious international network Science Based Target initiative (SBTi). Furthermore, in order to make a tangible contribution to the energy transition, in energy sales the Group has set itself the goal of increasing the portion of renewable electricity out of total sales to 50% within 2030, and furthermore plans to reduce internal energy consumption by 10% within 2030 (compared to 2013 consumption). Concerning the circular economy, the 2030 objectives to increase recycled plastics (+150% compared to 2017), recycle packaging (up to 80%), reuse wastewater (up to 18% by 2030) and reduce internal water consumption (-25% by 2030, compared to 2017 consumption) can all be confirmed. PR HERA Business Plan to 2026 .pdf 15:00:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-12-29 Following the press release issued on 29th November 2022, the Hera Group and the Ascopiave Group herein announce that today they have signed the contract deliverables governing the acquisition of 92% of Asco TLC from Asco Holding and the Treviso-Belluno C.C.I.A.A. (Chamber of Commerce, Industry, Crafts and Agriculture). The transfer of the Asco TLC shares will take place upon the closing of the transaction, which is scheduled in the first quarter of 2023. This partnership represents a strategic step in the evolution of Ascopiave and the Hera Group's business portfolio in the IT-TLC sector, consistent with the industrial plans of the two groups. For additional information on the details of the transaction, please refer to the press release dated 29th November 2022. The commitment represents an operation with related parties for Ascopiave in virtue of the fact that although Asco Holding controls Ascopiave, it does not exercise any management and coordination activity over the latter. The agreement can be construed as a deal of minor significance, pursuant to the Consob Regulation on Related Party Transactions (hereinafter referred to as the “Regulation”), as well as the procedure therein adopted by Ascopiave. It has received a favourable, non-binding clearance from the Ascopiave Committee for Related Party Transactions. It is hereby stated that, as the above-mentioned arrangement qualifies as one of minor importance, no information document will be published pursuant to Article 5 of the Regulation. 20221229 Ascopiave Gruppo Hera sottoscrizione ASCO TLC.pdf 15:32:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-12-01 Ascopiave partially exercised the put option on its investment in EstEnergy, selling 8% of the capital to Hera Comm, the majority shareholder. Subsequent to the transaction, the Hera Group will hold a 60% stake in EstEnergy, the largest energy player in North-Eastern Italy with over one million customers. Today, Ascopiave S.p.A. and the Hera Group, through the subsidiary Hera Comm, signed the agreement for the sale by Ascopiave S.p.A. of an 8% stake in the capital of EstEnergy, the commercial joint venture established in 2019 that is the largest energy player in North-Eastern Italy with over one million customers. The sale derives from the partial exercise of the put option held by Ascopiave on its stake in the company, in compliance with the agreements signed between the parties upon establishing the partnership. The sale value is based on the fair market value of the company, estimated at 79.2 million euros with payment within December 2022. As a result of the transaction, which will be finalised by the end of 2022, the Hera Group’s stake in EstEnergy will rise to 60%, while Ascopiave will hold 40% of the share capital, without prejudice to the right to sell such stake under the conditions already defined, in addition to maintaining the current governance rights. The operation, which is consistent with the objectives set out in its strategic plan, will enable the Ascopiave Group to improve the sustainability of its capital structure and consequently finance medium-term investments in the core business and diversification. Similarly, the Hera Group, in line with the objectives set forth in its business plan, further strengthens its presence in North-Eastern Italy, continuing to generate concrete benefits for customers and the communities served, through high-quality services, investments, innovation, and environmental and resource protection. PR Estenergy stake ENGLISH final.pdf 11:27:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-11-29 The partnership between the two companies, which won the public tender called by Asco Holding, is a strategic milestone in the evolution of the business portfolio of the two groups in the IT sector, consistent with their respective industrial plans. Ascopiave and the Hera Group, through its subsidiary Acantho, won the public tender called by Asco Holding for the sale of 92% of the shares of Asco TLC, held by Asco Holding itself and by the Chamber of Commerce of Treviso-Belluno. Asco TLC, a provider of ICT services since 2001, mainly dealing with corporate clients and public administrations, owns a significant network located in Veneto and Friuli-Venezia Giulia, boasting over 2,200 km of fibre optic backbone, 56 communications towers and 24 xDSL unbundled stations, and supplies its services to over 2,700 customers. This partnership is a strategic landmark in the enhancement of Ascopiave’s and the Hera Group’s business portfolio in the IT sector, in line with the industrial plans of the two groups. It also represents the first stage of a potentially broader operation which would lead, by means of the merger through acquisition of Asco TLC into Acantho, to the creation of a multi-regional player capable of achieving significant operational synergies compared to stand-alone companies, also benefiting customers. The operation in detail Ascopiave and Acantho, in partnership with stakes of 60% and 40% respectively, won the tender invited last April by Asco Holding and, subsequent to the due diligence conducted at the end of July, on 3rd November jointly submitted the binding offer, as required by the tender procedure. The purchase price, which will be settled by cash, amounts to Euro 37.2 million, against a normalised net financial position of Euro 0.1 million at 30th June 2022. The closing of the transaction is conditional upon the fulfilment of the conditions precedent set out in the tender documents, specifically the acquisition of the necessary authorisations from the competent bodies. The Hera Group is one of the leading Italian multi-utility companies, operating in the environmental, energy and water sectors and employing over 9,000 people, who are committed every day to responding to the many needs of around 5 million citizens located mainly in Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Marche, Tuscany and Abruzzi. Listed since 2003, it is one of the top 40 Italian companies in terms of capitalisation (it is included in the Ftse Mib index) and since 2020 it has been included in the Dow Jones Sustainability World and Europe Index. Acantho, a telecommunications operator, is the digital company of the Hera Group. Thanks to the development of a proprietary ultra-broadband fibre optic network extending for over 230,000 kilometres and its Data Centres in Imola and Siziano, it has been offering ICT services and tools in the Data & Voice Communication, Hybrid MultiCloud, Cyber & Physical Security and Smart City fields for over 20 years, contributing to the competitiveness of small and large enterprises and the development and innovation of the territory. www.gruppohera.it - www.acantho.it The Ascopiave Group is one of the leading operators in natural gas distribution in the country. The Group owns concessions and direct assignments for the management of activities in 308 Towns, supplying services to over 890,000 inhabitants, through a network of about 14,500 kilometres. Ascopiave is also a partner of the Hera Group in the sale of gas and electricity, through a 48% stake in Est Energy, a leading operator in the field holding a portfolio of over 1 million sales contracts to end users, mainly in Veneto, Friuli Venezia-Giulia and Lombardy regions. In the water sector, Ascopiave is a shareholder and technological partner of Cogeide, which manages the integrated water service in 15 Towns within the Bergamo Province, serving a population of over 100 thousand inhabitants, through a network of 880 km. In addition, Ascopiave operates in the renewable energy field, through 28 hydro-electric and wind power stations, with a rated capacity of 62.5 MW. Through its subsidiary Salinella Eolico S.r.l., Ascopiave is about to undertake the erection of a wind farm. Ascopiave has been listed under the Euronext Star Milan segment of Borsa Italiana since 12th December 2006. www.gruppoascopiave.it Contact: Hera S.p.A. Giuseppe Gagliano - External Relations Manager + 39 051.287138 Cecilia Bondioli - Media Relations Manager + 39 051.287138 – + 39 320.4790622 Contact: Community Group Ascopiave Giuliano Pasini Tel. +39 0438 / 980098 Auro Palomba Roberto Zava - Media Relator Tel. +39 0422 / 416111 Cell. +39 335 / 1852403 Mob. +39 335 / 6085019 Giacomo Bignucolo – Investor Relator Cell. +39 335 / 1311193 20221129 PR ASCO TLC final.pdf 15:03:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-11-09 Despite the complex macro scenario, the Group’s quarterly report at 30 September 2022 shows an increase in Ebitda compared to 2021. Hera’s multi-business model, balanced between internal growth and M&As, and its financial solidity have made it possible to seize strategic market opportunities, while maintaining a low risk profile, and to confirm the generation of value for all stakeholders, including actions intended to support customers experiencing difficulty. Financial highlights Ebitda* at 875 million euro (+2.4%) Net result* at 248 million euro (-5.6%) Net financial debt at 4,489 million euro, with net debt/Ebitda* at 3.62x Investments increase sharply to 463 million euro (+22.8%) Operating highlights Contribution to growth coming from core businesses Expansion in initiatives for the ecological transition and the circular economy Commercial margins maintained in the energy area Significant operating investments in networks, plus a significant effort in gas storage, as well as the completion of a number of M&As Solid energy customer base, approximately 3.5 million Today, the Hera Group’s Board of Directors, chaired by Tomaso Tommasi di Vignano, unanimously approved the consolidated quarterly report at 30 September 2022. Although the results achieved in the first nine months of the year are part of a complicated scenario, characterised by ongoing volatility on the energy market, which became even more pronounced over the last three months, as well as the complex current economic and geopolitical conditions and the gradual increase in inflation in the country, these figures highlight the Group’s ability to offset adversity, continuing to pursue the goals set out in its business plan, with increasing sustainable investments aimed at generating positive effects for the communities and local areas served. Moreover, the Hera Group’s resilient business model, the management policies it implements and its financial solidity have continued to enable it to seize the strategic opportunities offered by the market, to guarantee a high quality and continuity in its services while at the same time supporting and confirming the commitments made to all its stakeholders. Among the initiatives in support of stakeholders, note the flexibility shown towards the Group’s suppliers, who were able to revise their supply conditions based on inflation, and the significant gas storage initiative intended to support the customer base and the Italian gas system as a whole. As regards customers, thanks to the special attention to disadvantaged users, more favourable instalment terms than those provided for by law, an extension of the social bonus to include district heating, compliance with and maintenance of fixed-price contractual conditions, to date the performance in receipts for bills has been confirmed as essentially regular. Moreover, continuing along the path of continuous growth that aims to provide its customers with efficient, innovative and competitive solutions in terms of both costs and sustainability with respect to the circular economy, * In order to make the reading of the results more closely reflect the actual performance of the gas area and to ensure that these results are more easily comparable, the figures with an asterisk include a operational adjustment that considers a valuation of the gas injected into storage at the prices dating to the injection period, thus excluding supplies intended for delivery to end customers with costs defined in 2021 (much lower than costs in 2022). See the section the Hera Group continued to expand its scope of operations. In the energy area, the company Con Energia was acquired through subsidiary Hera Comm, while in the waste management area, Marche Multiservizi acquired the company Macero Maceratese, which specialises in waste recovery and treatment in the province of Macerata. In recent weeks, an important transaction was also finalised, which will take effect as of 2023. This is a long-term partnership that foresees the acquisition of 60% of the company A.C.R. di Reggiani Albertino S.p.A.®, one of Italy’s largest companies operating in the sector of remediation, industrial waste treatment, industrial plant decommissioning and civil works related to oil & gas, based in Mirandola (Modena). The new company will also bring together a number of remediation and global service activities already managed by the Hera Group through the company HASI. This transaction further consolidates the Hera Group's leadership in the waste management sector and will create Italy’s leading operator in the remediation and global service business, with a widespread presence throughout the peninsula. Revenues rise to roughly 14.3 billion euro In the first nine months of 2022, revenues amounted to 14,320.1 million euro, up sharply (+122.9%) from the 6,424.3 million euro seen in the same period of the previous year. In particular, the energy segments showed significant growth mainly due to the increase in the price of energy commodities, which reached very high figures, especially in the third quarter of the year. In addition, growth in energy services was related to energy efficiency-oriented interventions in homes (insulation bonus and 110% super-bonus) and an increase in activities involving value-added services for customers. New acquisitions in the industrial market, energy production and higher market prices were mainly responsible for the higher revenues in the waste management sector. Ebitda* increases to 874.8 million euro Ebitda* for the first nine months of the year amounted to 874.8 million euro, up 2.4% from the 854.4 million euro seen at 30 September 2021. The performance of the waste management area was particularly good, with Ebitda up 27.8 million euro, as was that of the water cycle area, up 7.3 million euro, fully offsetting the lower contributions coming from the energy area and the other services area. Despite the increasingly unfavourable market situation, overall operations in the third quarter for all energy sales activities in the Group’s portfolio (considering not only gas and electricity, but also energy services) led to results that were essentially in line with the same period of 2021. Financial operations essentially stable and pre-tax profit* at 347.5 million euro The result from financial operations for the first nine months of 2022 came to 89.5 million euro, basically stable compared to the 85.4 million seen during the first nine months of 2021. This change is mainly due to the increase in net financial debt generated by the trend in energy commodity prices compared to 2021. Despite the slight negative impact of financial operations and higher depreciation and amortisation, provisions and impairment losses, pre-tax profit* amounted to 347.5 million euro, basically in line with the 356.5 million euro recorded in the first nine months of 2021. Net result* and at 248.4 million euro With a tax rate of 28.5%, up from the same period in 2021 (26.2%) mainly due to the recognition of the non-recurring contribution against high utility bills (amounting to 2.3 million euro) and the recognition of lower benefits related to the tax credit on investments linked to the technological, digital and environmental transformation, the net result* and net profit* for the first nine months of 2022 amounted to 248.4 million euro. Net profit was largely stable compared to the 263 million seen at 30 September 2021. Strong growth in investments and net financial debt sensitive to the higher value of stored gas In the first nine months of 2022, the Hera Group’s operating investments, including capital grants, amounted to 463.3 million euro, up 22.8% compared to the 377.2 million euro seen in the same period of the previous year, with a major focus on resilience- and circularity-oriented projects, as set out in the business plan. The most significant interventions concerned plants, networks, and infrastructures, as well as regulatory upgrading focusing on gas distribution and the integrated water cycle, respectively involving a large-scale replacement of new-generation meters and specific interventions in the purification and sewerage areas. A significant amount of financial resources (about 820 million euro, more than 10 times the amount seen in 2021) was invested in gas storage, consistent with the effort requested by the government from operators in the sector to contribute to a secure supply in the following months. This is a strategic and temporary investment (the storage facilities will be emptied progressively, lasting through the first half of 2023), which gives the Group security and flexibility in supplying gas to its customers over the upcoming months, reducing risks and guaranteeing flexibility and margins in supply management. Net financial debt increased to 4,489.2 million euro, compared to the 3,261.3 million euro seen at 31 December 2021. This growth is attributable to the increase in net working capital, which rose as a result of both the significant gas storage initiatives completed and higher energy commodity prices in 2022 compared to the previous year. The increase in the Group’s debt is reflected in the net debt to Ebitda* ratio, which rose to 3.62x. Not including the deployment of resources for the gas inventory, which is expected to come back into line within the next six months, this ratio stands at 2.9x. Gas Ebitda* for the gas area - which includes natural gas distribution and sales, district heating, and energy services - rose to 377 million euro, a strong improvement (+23.8%) compared to the 304.5 million euro seen in the same period last year. This growth, both in terms of margins and volumes sold to end customers, was mainly due to the opportunities created in the energy services sector by energy efficiency incentives (110% super-bonus and insulation bonus), by the corporate acquisitions of Con Energia and Eco Gas, and by the tenders awarded involving the last resort and Consip markets. More specifically, for the period 1 October 2021 - 30 September 2023, Hera Comm was awarded 6 lots of the last resort gas service in 12 regions of Italy, all 9 lots of the default gas distribution service in 19 regions and 2 lots of the Consip GAS14 tender for supplying natural gas to public administrations in 2022, both in Lombardy. A slight increase occurred in the gas customer base (+0.7% compared to the same period of the previous year), which overall came to almost 2.1 million The gas area accounted for 43.1% of Group Ebitda. Electricity Ebitda for the electricity area - which includes generation, distribution and sales of electricity as well as value-added services - amounted to 22.1 million euro, compared to the 103.5 million euro seen in the same period of 2021. The main reasons for this trend consist in different conditions on energy markets compared to the previous year, linked in particular to the exceptional context of rising raw material prices, which affected procurement activities and impacted margins. One must note, however, the solid commercial development, confirmed by an increase in the customer base and a greater adherence to innovative offers (relating to electric mobility, photovoltaics, heating and air conditioning) as well as value-added services. Furthermore, through a tender Hera Comm was awarded 4 lots of the Consip EE19 tender for supplying electricity to public administrations in 2022 in the province of Rome and 3 other regions, 3 lots of the graduated protected service for supplying electricity to SMEs for the period from 1 July 2021 to 30 June 2024 in 9 regions, and 1 lot of the safeguarded service for the years 2021 and 2022 in 3 regions. The customer base in the electricity area came to over 1.4 million (+2.6%), mainly due to increased commercial actions in the free market. The electricity area accounted for 2.5% of Group Ebitda. Water cycle Ebitda for the integrated water cycle area - which includes aqueduct, purification and sewerage services - amounted to 205.8 million euro at 30 September 2022, up (+3.7%) compared to the 198.5 million euro seen in the same period of the previous year. This change was mainly due to ARERA’s recognition of Hera’s commitment to high standards of technical quality. These positive results more than offset the higher procurement costs for energy components and higher operating costs in networks and plants, partially due to the increase in the price lists of suppliers of materials and services. Also note that, with regard to concessions, Atersir definitively awarded the tender for the integrated water service in the Province of Rimini to Hera for the period from 2022 to 2039. The Hera Group, already the outgoing operator in 24 municipalities in this province, will be responsible for this service over the next 18 years, during which it will focus on innovation and sustainability. In the first nine months of 2022, investments in the integrated water cycle area amounted to 135.1 million euro, up by 14.9 million euro compared to the previous year, and mainly involved extensions, reclamation and upgrading on networks and plants, as well as regulatory upgrading mainly in the purification and sewerage areas (90.7 million euro in the aqueduct, 34.4 million euro in sewerage and 24.3 million euro in purification). The integrated water cycle area accounted for 23.5% of Group Ebitda. Waste management Ebitda for the environment area - which includes waste collection, treatment, recovery and disposal services - rose to 246.2 million euro at 30 September 2022, +12.7% compared to the 218.4 million euro seen for the first nine months of 2021. Waste treatment activities contributed to this result above all, with Ebitda coming to 197.3 million euro, up by 29.8 million euro, while for collection and sweeping services, to which the Group has always paid great attention in terms of service quality and development, Ebitda amounted to 48.9 million euro. These margins are in line with expectations and occurred within a context characterised by the beginning of new concessions in the Ravenna-Cesena, Modena and Bologna areas and the ensuing increase in service costs in these same areas. Despite the complexity of the current external context, the Group continues to guarantee a considerable level of growth by consolidating its leadership in the waste management sector, particularly in the industrial market and in recovery, favoured by its excellent set of plants (roughly one hundred certified, state-of-the-art plants capable of treating all types of waste), by M&A operations and by sound management and commercial policies. The increase in Ebitda was mainly due to higher margins in energy management, coming to roughly 23 million euro, the expansion of the industrial waste market with new acquisitions, amounting to approximately 2 million euro, and the increase in price of treated waste, partially offset by an increase in purchasing prices for consumables and treatment and transport costs. Investments in the waste management area, which mainly involved maintenance and enhancement of waste treatment plants, amounted to 96.8 million euro, up 44.0 million euro over the previous year. Of these, 21.4 million euro were invested in waste-to-energy plants, including revamping on the Trieste plant and non-recurring maintenance on the Bologna and Rimini plants, while roughly 15 million euro were allocated to the composting/digesting chain, in particular for the beginning of construction on a new plant for biomethane production through the company Biorg, created out of a partnership with Inalca, part of the Cremonini Group. Environmental resource protection was also confirmed as a priority objective in 2022, including the maximisation of their reuse, as is further demonstrated by the increase in sorted waste collection, which in the first nine months of 2022 reached 66.8%, up 2% compared to 30 September 2021. The environment area accounted for 28.1% of Group Ebitda. The manager responsible for drafting the company’s accounting statements, Massimo Vai, 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 financial statements and related materials will be available to the public pursuant to the terms established by law at the Company Headquarters and on the website www.gruppohera.it. Unaudited extracts from the Intermediate Consolidated Financial Statements at 30 September 2022 are attached. 20221109 3Q2022 Financial results Hera Group.pdf 14:01:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-11-07 The binding agreement signed today provides for the acquisition by the Hera Group of 60% of ACR, based in Modena and leader in the remediation and industrial waste treatment sector. Today, the Hera Group, acting through its subsidiary Herambiente Servizi Industriali (HASI), signed a binding agreement for a long-term partnership that provides for the acquisition of 60% of the company A.C.R. di Reggiani Albertino S.p.A. ® (hereinafter ACR), one of Italy’s largest companies in the reclamation sector, involved in industrial waste treatment, decommissioning industrial plants and oil & gas-related civil works, based in Mirandola (Modena). The new company will also bring together some of the remediation and global services activities carried out by HASI. This unprecedented transaction gives way to the leading national operator in the remediation and global services business, with an extensive presence throughout Italy. The Hera Group will thus further strengthen its leadership in the waste treatment sector, thanks to its approximately one hundred certified, state-of-the-art plants. It can now rely on ACR’s high operating capacity, time-to-market in services and significant machinery and equipment, which is already active in over 100 remediation sites with over 450 employees and having among its customers the major players in the oil & gas sector. With this partnership, on the one hand, the Hera Group will reach in advance the target in reclamation activities set out in its business plan, following up on the path of growth already achieved in this area in terms of both size and sustainability/circular economy, in line with the goals on the UN’s 2030 Agenda, which over the last 10 years have enabled it to double its customer base. On the other hand, ACR is implementing its strategic plan by making an agreement concerning commercial areas with a leading national player in the sector, strengthening its presence in its core remediation business and entering the world of global services. The details of the transaction The synergies between the Hera Group’s set of plants and its multi-business strategy and ACR’s consolidated experience in environmental and industrial remediation are unique nationwide, in terms of know-how and waste treatment capacity, capable of creating significant and positive operating effects in the sectors in which the two companies operate, thus pooling their respective experience and outstanding skills. Through its subsidiary HASI, the Hera Group now manages 18 multi-purpose sites dedicated to treating waste produced by companies, and processes 1.3 million tonnes of industrial waste every year. In 2021, ACR generated revenues amounting to roughly 110 million euro, with Ebitda coming to approximately 17 million in the sectors concerned by the transaction. The current owners of ACR (the Reggiani family) will maintain 40% of the new corporate structure. In order to regulate the future governance, a Shareholders Agreement will be signed that provides for a Board of Directors of the new ACR made up of 5 members, 3 of whom will be appointed by the Hera Group and 2 by the Reggiani family, with the nomination of the two brothers Alberto and Claudio Reggiani as CEOs. Integrating the new ACR platforms with the plants currently managed by HASI, furthermore, will increase the number of solutions close at hand in the areas served in the past, improving efficiency and quality of services to businesses, also due to synergies with Herambiente. This new partnership is therefore in line with the strategic orientation adopted by the Group, whose activities are always aimed at guaranteeing positive returns and economic benefits for its customers and for local companies. This transaction follows up on the acquisitions completed some years ago by the Hera Group (from Waste Recycling, Teseco and Pistoia Ambiente in Tuscany, to Geo Nova and Aliplast in Treviso), and more recent acquisitions including the Friuli-based company Recycla, the Vallortigara Group, with offices in Vicenza, and shareholdings in the Marche-based companies SEA and Macero Maceratese. It thus represents a further step along the path of continuous growth achieved by Hera, which aims to provide its customers with efficient, innovative and competitive solutions in terms of both costs and sustainability in the circular economy. “With this new acquisition, we bring together the excellence and strengths of two leading companies that, together, complement each other synergistically to respond in an increasingly efficient and extensive way to the needs of companies, particularly those with large industrial plants where complex types of waste, both solid and liquid, must be treated. With this transaction, we have consolidated our leadership in this sector and aim to further reinforce our range of integrated waste management services, benefitting the entire national territory”, comments Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group. “Becoming part of a large and financially solid company such as the Hera Group, well rooted in the areas served and provided with many specialisations, will allow us to broaden our horizons and enrich our activities in the waste management sector, integrating all the necessary and fundamental skills to be counted among the most important players nationwide in the area of remediation. We and our collaborators are convinced that this aggregation will allow us to face and overcome highly significant challenges together,” explain the brothers Alberto and Claudio Reggiani, CEOs of A.C.R. di Reggiani Albertino S.p.A.® In addition to the agreement signed today, the partnership will be subject to the usual conditions applied to this type of transaction and to all communications and approvals by the relevant authorities and bodies, as well as, with regard to the shareholdings involved, to the effectiveness of a number of preliminary transactions within ACR. The parties expect to complete the transaction by 31 March 2023. 20221007 Gruppo Hera and ACR binding agreement.pdf 18:13:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-07-27 The half-year report shows increasing revenues and Ebitda, thanks to the contribution coming from the Group’s main business areas. The management policies implemented and the solidity and resilience of Hera’s business model have once again proven effective, allowing the Group to achieve results in line with the projections of the Business Plan to 2025, even in the current difficult economic situation, and to continue creating value for all stakeholders. Financial highlights Revenues at 8,896.0 million euro (+112.8%) Ebitda* at 631.2 million euro (+3.3%) Net profit* at 201.7 million euro (-12.7%) Net financial debt at 3,682.4 million euro, with Net debt/Ebitda* at 2.96x, confirming the Group’s financial solidity Operating highlights Contribution to growth comes from main businesses Further development of initiatives for the ecological transition and the circular economy Solid energy customer base, amounting to roughly 3.5 million Today, the Board of Directors of the Hera Group, chaired by Tomaso Tommasi di Vignano, unanimously approved the consolidated operating results for the first half of 2022. Despite the complicated scenario, marked by ongoing volatility on energy markets and international geopolitical conflicts, the Hera Group’s management policies and its solid and resilient business model have once again proven effective. The Group has thus achieved results that guarantee both quality and continuity of services and the constant creation of value for all stakeholders. Hera’s now consolidated multi-business strategy, balanced between internal growth and M&As, as well as between regulated and free market activities, indeed allowed the Group, even in scenarios characterised by increasingly frequent systemic crises, to positively face the challenges of 2022. The results achieved in the first half of the year are even more appreciable considering that they also fully offset the negative impact of ARERA’s resolution 614/2021, containing a reduction of return on capital invested in regulated activities (WACC). As regards changes in the scope of consolidation, the energy areas benefited from the acquisitions, through the subsidiary Hera Comm, of 90% of the Abruzzo company Eco Gas and 100% of the company Con Energia. Also note that Hera Comm was awarded the gradual protection service for electricity supply to SMEs in 9 Italian regions. In the waste management area, compared to June 2021, note the integration of 80% of the Vallortigara Group, which provides services to industries, public administrations and citizens and manages a multi-purpose platform for special waste treatment in the Veneto region. * In order to ensure that the results presented reflect the actual performance of the gas business more clearly, and are thus more easily comparable, the figures with an asterisk include an operational adjustment based on a valuation of stocked gas at prices pertaining to the period of injection, thus excluding procurement intended for delivery to end customers with costs defined in 2021 (much lower than the costs seen in the second quarter of 2022). See the paragraph entitled “Special items and operational adjustments / balance sheet reconciliation” in the first-half financial report, which contains a comparison between the operating and the consolidated statements. Furthermore, note the acquisition on 30 June 2022, through the subsidiary Marche Multiservizi, of 70% of Macero Maceratese, which operates in the waste management sector. With this additional transaction, the Hera Group has strengthened its nationwide leadership in the waste management sector, and industrial waste management and treatment in particular. Revenues reach roughly 8.9 billion euro In the first half of 2022, revenues amounted to 8,896.0 million euro, with a sharp increase (+112.8%) compared to 4,179.7 million euro seen at 30 June 2021, thanks to the contribution coming from all major business areas. The energy areas in particular showed significant growth, mainly related to the increase in commodity prices. Furthermore, growth in energy services was related to energy efficiency in residential buildings (insulation bonus and 110% super-bonus) and increasing activities involving value-added services for customers. As regards the waste management area, instead, higher revenues mainly came from energy production, the expansion of business customer base and changes in market prices. Ebitda* increases to 631.2 million euro Ebitda* for the first half of 2022 rose to 631.2 million euro (+3.3%), against 610.9 million euro at 30 June 2021, up 20.3 million euro, mainly due to contributions coming from the energy, waste management and water areas. Financial operations improved, pre-tax profit and net profit substantially stable The result of financial operations for the first six months of 2022 came to 50.9 million euro, with a 4.2 million euro improvement compared to 30 June 2021, mainly due to lower financial expenses on long-term debt (the result of debt optimisation operations) and lower expenses from discounting provisions. Compared to the equivalent figures for the previous year, pre-tax profit* thus amounted to 284.0 million euro, up slightly (+0.9%) over the 281.5 million euro seen one year earlier, while net profit* pre-minorities, equal to 201.7 million euro, remained in line with that as at 30 June 2021 (206.4 million euro). Net results* at 201.7 million Net profit* at 30 June 2022 amounted to 201.7 million euro, down from 231.1 million in the first half of 2021, which included non-recurring items amounting to 24.7 million, caused by a tax realignment and the partial repurchase of some bonds. Investments rise; net financial debt affected by the higher value of gas storage In the first half of 2022, the Group’s operating investments, including capital grants, amounted to 287.1 million euro, up sharply (+16.3%) compared to the 246.9 million euro seen during the same period of the previous year, and were mainly related to works on plants, networks and infrastructures. Alongside the latter, regulatory adjustments mainly concerned gas distribution, with a large-scale replacement of meters, and the purification and sewerage area. Net financial debt went from 3,261.3 million euro at 31 December 2021 to 3,682.4 million euro at 30 June 2022, showing an increase coming to roughly 421.1 million euro. This was mainly due to a change in net working capital*, due to the higher value of stored gas, already contracted to better serve the needs of the upcoming thermal season and guarantee quality and continuity of service to customers. The net debt/Ebitda* ratio increased slightly, reaching 2.96x. Gas Ebitda* for the gas area – which includes natural gas distribution and sales, district heating and energy services – amounted to 299.3 million euro in the first half of 2022, a strong improvement (+26.2%) over the 237.1 million euro seen at 30 June 2021. This increase was mainly driven by higher sales and trading, thanks to an expansion of the area served resulting from last resort markets and the recent corporate acquisitions of Eco Gas and Con Energia, as well as the positive margins recorded on traditional markets. Also note the growth in incentivised activities involving energy efficiency and district heating services, and the increased earnings in the gas business in Bulgaria A slight increase occurred in the gas customer base (+1.6% compared to the same period of the previous year), which came close to 2.1 million overall. This growth took place both on last resort markets and on traditional markets, thanks to the expansion of the area served owing to the Consip tenders and the aforementioned acquisitions in the energy sector. The gas area accounted for 47.4% of Group Ebitda. Electricity Ebitda for the electricity area – which includes electricity generation, distribution and sales services – amounted to 40.1 million euro, down compared to the same period in 2021 due to different conditions on energy markets, related to the exceptional context of rising raw material prices, which caused a lesser use of the dispatching services market and made procurement activities more costly, particularly in customer consumption profiling. Note the positive result obtained from sales initiatives involving free market customers, supported by innovative offers, value-added services and improved customer experience. Alongside this, Hera Comm was awarded, for the period from 1 July 2021 to 30 June 2024, the gradual protection service for electricity supply to SMEs in nine Italian regions. An increasing request for value-added services was also seen, with 49% growth in customers compared to the previous year, demonstrating the growing loyalty of the Group’s customer base. The customer base in the electricity area also continued to expand, now exceeding 1.4 million (+5.6%), mainly as a result of activities on the free market, both due to the gradual protection service awarded and the strengthening of the commercial actions introduced. The electricity area accounted for 6.4% of Group Ebitda. Water cycle Ebitda for the integrated water cycle area – which includes aqueduct, purification and sewerage services – amounted to 125.3 million euro at 30 June 2022, up (+2.5%) compared to the 122.3 million euro seen in the first half of 2021. This increase is mainly due to the contribution coming from higher supplying revenues and the excellent performance achieved by the Group in terms of technical quality in managing the integrated water service. Note, in fact, that during 2022 the regulatory authority ARERA published the results relating to the incentive mechanism falling within the technical quality regulations established by resolution 917/2017, referring to the years 2018-2019, and the Hera Group was at the top of the nationwide ranking. In the first half of 2022, investments made in the water cycle area, including capital grants, rose to 96.2 million (59.3 million in the aqueduct, 20.8 million in sewerage and 16.0 million in purification), up 7.7% compared to the same period of 2021. The integrated water cycle area accounted for 19.9% of Group Ebitda. Waste management In the first half of 2022, Ebitda for the waste management area rose to 150.7 million euro overall, up from the 142.6 million seen at 30 June 2021. More specifically, Ebitda for waste treatment services amounted to 117.9 million, up 12.7 million, while Ebitda for collection and sweeping services amounted to 32.8 million, down 4.6 million, mainly due to the beginning of new concessions. The increased Ebitda for treatment services was primarily due to a rise in earnings from energy management and expansion in the industrial waste market. Note the increase in waste commercialised, due mainly to an increase in market waste, thanks to the consolidation of existing business relations, the larger customer portfolio and recent corporate acquisitions. The increase in sales prices for market activities was also able to fully neutralise the effect of inflation on costs. Thanks to its sound management policies and its set of plants, which continues to represent a strategic and distinctive asset, also for its ability to promote the circular economy, the Hera Group thus continues to seize opportunities for growth, confirming its ability to react with great resilience to the current market context, despite the geopolitical situation and the economic stagnation seen during the first half of the year. In Italy, in fact, the progressive and persistent increase in energy costs and the difficulties in obtaining raw materials, which began at the end of 2021, led to a slowdown in production in many manufacturing sectors during the first six months of 2022, with repercussions for waste production as well. Despite this, the Group was able to consolidate its leadership in the markets in which it operates (especially the industrial and recovery markets), with Aliplast’s continued commercial expansion in plastic recycling and regeneration. In the first six months of 2022, all the main circular economy initiatives launched in previous years continued, from material recovery to the production of renewable energy (such as the ongoing construction of a new plant in Spilamberto for biomethane production). Protecting environmental resources remains a priority objective in 2022, as does maximising their reuse, as is shown by the special attention dedicated to increasing sorted waste collection, which in the first half of 2022 stood at 66.4%, up 1.3% compared to June 2021. The waste management area accounted for 23.9% of Group Ebitda. Statement by Executive Chairman Tomaso Tommasi di Vignano The results we achieved in the first half of the year are consistent with both the growing results presented in the first quarter and the main targets included in the Business plan. Our prudent and risk-averse management policies have shown great resilience, even when faced by the current extreme scenarios, guaranteeing that our long track record of growth continues. This situation has enabled us to remain fully compliant with our commitments to investors, as demonstrated last month with the payment of a dividend in line with expectations and up 9% year-on-year. Armed with a resilient business model and a well-proven financial solidity, we are prepared to face the current context, committed to meeting our commitments towards all our stakeholders in the future as well. Statement by CEO Orazio Iacono Despite the unstable national and international energy context and extreme market volatility, the Hera Group performed better in the first half of 2022 than in the same period of the previous year, achieving overall positive results in all business areas. In addition, the Group’s financial solidity enabled us to confirm the important programme of planned investments, which were up by over 16% in the first half of the year compared to 2021 and were aimed at innovating and improving the performance of networks and plants, with a view to ensuring the highest service quality and efficiency at all times. Alongside this, we continue to pursue sustainable and inclusive growth, benefitting communities and local areas Press release H1 2022 .pdf 15:01:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-05-11 In today's meeting, the Board of Directors – following the resignation of CEO Stefano Venier, announced on 5 April and effective as of 26 April 2022 – appointed Orazio Iacono by co-optation as Hera S.p.A.’s new CEO, conferring on him all the related powers. Orazio Iacono, who was co-opted pursuant to Article 2386 of the Italian Civil Code and Article 17.10 of the Company’s Articles of Association, qualifies as a non-independent executive director following his appointment and, based on the information available Orazio Iacono was also appointed as a member of the Executive Committee. Mr. Iacono, 54 years old and an engineer, previously held positions with increasing responsibility in the Trenitalia Group, acting as CEO and General Manager in 2017-2020; subsequently, he worked as Senior Advisor in a leading international consulting firm and in 2021 he became Saipem’s Chief Operating Officer for Sustainable Infrastructures. His full curriculum vitae is available on the company’s website, at www.gruppohera.it (Governance/CdA section). 20220511_nomina AD.pdf 14:05:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-05-11 The consolidated quarterly report at 31 March shows growth in revenues and Ebitda, proving the solidity and resilience of the Hera Group’s business model even in this difficult economic context. The Group confirms its commitment to sustainable development, with a strategic approach aimed at creating value for all stakeholders, starting from the local areas and communities it serves. Financial highlights Revenues at 5,312 million euro (+133.8%) Ebitda at 374.0 million euro (+3.3%) Net profits at 137.8 million euro (-1.8%) Net debt at 3,455.2 million euro, with net debt/Ebitda ratio at 2.8x Operating highlights Good contribution to growth comes from the main businesses, in particular the energy sectors and the waste management area Further development of initiatives for the ecological transition and the circular economy, thanks to state-of-the-art plants and increasingly green services Solid energy customer base, with approximately 3.5 million customers Today, the Hera Group’s Board of Directors, chaired by Tomaso Tommasi di Vignano, unanimously approved the consolidated results for the first quarter of 2022. Despite the fact that the results for the first quarter of 2022 were achieved against the backdrop of an extraordinarily difficult international scenario, marked by energy market volatility and geopolitical conflicts, Hera’s management policies – based on its solid and resilient business model – proved to be effective and enabled it to show further growth in results. Following up on the indications contained in the Business Plan to 2025, the Group thus continues to create value for stakeholders while ensuring, at the same time, quality and continuity in services. The results achieved are all the more remarkable considering that they fully offset the negative impact of Arera’s Resolution 614/2021 concerning a reduction in returns on capital invested in regulated activities (WACC). As regards changes in the scope of operations, compared to March 2021 two companies were integrated in the waste management area, which contribute to increasing the commercial presence in central-northern Italy: Recycla, a 70% owned company from Friuli that manages three platforms for industrial waste, and the Vallortigara Group, 80% owned, which provides services to industries, public administrations and citizens and manages a multifunctional platform for special waste treatment. The energy areas now benefit from 100% ownership of Atlas Utilities, through its Bulgarian subsidiary Ares Gas, and of the Abruzzo-based company Eco Gas, 90% owned by Hera Comm. Also note that Hera Comm was awarded the graduated protection service for electricity supply to SMEs in 9 regions of Italy. As regards regulated services, in November 2021 Atersir definitively awarded the Hera Group the tender for the concession of the integrated water service for 24 municipalities in the province of Rimini, including the capital, with a contract worth approximately 1.7 billion euro. The Hera Group, which was also the outgoing manager, will therefore be responsible for this service from 2022 to 2039. A few weeks later, lastly, Atersir definitively awarded the Hera Group, for a period of time covering 15 years, the tenders for the municipal waste collection services in the Modena and Bologna areas, with a total scope of 1.5 million inhabitants and a value coming to over 2.5 billion. Revenues at roughly 5.3 billion euro (+133.8%) In the first quarter of 2022, revenues amounted to 5,312.0 million euro, up sharply from 2,271.8 million euro seen in the same period one year earlier. The energy sectors in particular contributed to this result, showing significant growth due to increased trading and the rise in commodity prices, as well as higher volumes of gas sold as a result of new lots won in tenders and lower winter temperatures. In addition, growth in energy services was related to energy efficiency in residential buildings (insulation bonus and 110% tax super-bonus) and increased activities for value-added services for customers. Revenues from the waste management sector were also up, mainly due to energy production, higher prices in the recovery market and new acquisitions in the industrial market. Lastly, revenues from network services increased, both regulated and for third parties, as did revenues from the public lighting service. Ebitda rises to 374.0 million euro (+3.3%) Ebitda went from 362.0 million euro in the first three months of 2021 to 374.0 million euro at 31 March 2022, up 12.0 million euro (+3.3%). The main contributions to this result came from the energy area, up by a total of 6.1 million euro, and the waste management area, up 8.1 million euro, offsetting the slight drop in the other services area. In particular, the activities managed concerning the ecological transition and circular economy were decisive, including energy efficiency services developed for condominiums, a reinforcement of value-added services in the energy sector (from “green” supply to sales and installation of LED devices, smart boilers and thermostats, and energy diagnostics) and the regeneration of resources, through Group subsidiary Aliplast. Operating result and pre-tax profit down slightly Operating results amounted to 220.1 million euro at 31 March 2022, down 1.3% from the 223.1 million euro seen in the first quarter of 2021, mainly due to higher amortisation and depreciation due to changes in the scope of consolidation and higher provisions for bad debts mainly attributable to both last resort and traditional markets as well as the graduated protection service. Financial operations at 31 March 2022 were mainly unchanged, at 29.5 million, compared to 28.8 million euro seen in the first quarter of 2021. This change was caused by lower income from late payment indemnities, partially offset by lower financial charges on long-term debt resulting from debt optimisations. Pre-tax profit amounted to 190.6 million euro, slightly down from 194.3 million euro at 31 March 2021 (-1.9%). Net profit at 137.8 million euro Thanks to a tax rate coming to 27.7%, quite similar to the 27.8% rate of the previous year, net profit stood at 137.8 million euro, as against 140.3 million euro in the first quarter of 2021. Profit pertaining to the Group’s shareholders amounted to 126.5 million euro, down from 132.2 million euro at 31 March 2021, due to an increase in the portion attributable to minority shareholders. Strong growth in operating investments and Group solidity reinforced The Group’s operating investments, including capital grants, amounted to 129.2 million euro, up 11.1% compared to the previous year, and mainly involved work on plants, networks and infrastructures. In addition, regulatory upgrading was carried out, mainly in the gas distribution sector with a large-scale meter replacement, and in the purification and sewerage sector. Net financial debt went from 3,261.3 million euro at 31 December 2021 to 3,455.2 million euro at 31 March 2022, mainly due to a change in net working capital, which increased as a result of the energy scenario and the impact of interventions on “rising bills” also in terms of payment by instalments. The net debt/Ebitda ratio remained substantially stable, at 2.8x, confirming the company’s financial solidity. Gas As regards the gas area – which includes distribution and sales of natural gas, district heating and energy services – Ebitda rose to 201.4 million, showing an increase of 22.9 million, or 12.9%, compared to 31 March 2021. This was mainly due to the increased sales and incentivised energy efficiency activities and district heating. The first quarter of 2022 therefore showed significant growth compared to the same period of 2021, both in terms of margins and volumes sold, thanks to the results achieved in energy efficiency incentives and the 17 lots awarded nationwide to Hera Comm through tenders, including: 6 lots of the last resort gas service in 12 regions of Italy, 9 lots of the default gas distribution service in 19 regions and 2 lots of the Consip GAS14 tender for the supply of natural gas to Public Administrations in Lombardy region. The number of gas customers came to almost 2.1 million, up 1.7% compared to the previous year. The gas area accounted for 53.9% of Group Ebitda. Electricity Ebitda for the electricity area – which includes electricity generation, distribution and sales services – amounted to 30.4 million euro, down compared to the same period of 2021 owing to the different conditions of energy markets in relation to procurement (higher raw material prices) and a lower contribution from generation (less use of the market by dispatching services as a result of normalised conditions in the areas served by the generation plants). At Group level, margins from sales and trading did not witness significant changes overall traceable to the extraordinary situation of energy commodity prices, thanks to the effectiveness of hedging policies and the management of these risks. Also note the positive result coming from commercial growth in free market customers, supported by innovative offers, value-added services and improved customer experience. In addition, Hera Comm Spa was awarded through a tender, for the period from 1 July 2021 to 30 June 2024, the graduated protection service for the supply of electricity to SMEs in nine Italian regions, corresponding to three allocation lots in the national tender called by the Single Buyer. The customer base also continued to grow in the electricity area, reaching almost 1.4 million (+5.3%). This growth occurred on the free market, both as a result of the reinforced commercial actions implemented, accounting for roughly 30 thousand customers, and the graduated protection service awarded, with approximately 37.3 thousand customers. The safeguarded market was also up compared to the same period of the previous year. Alongside the above-mentioned trend, an increase was seen in the number of customers subscribing to value-added services, with approximately 22.5 thousand customers, up 46% compared to the previous year, demonstrating the growing loyalty of the Group’s customer base. The electricity area accounted for 8.1% of Group Ebitda. Water cycle In the first quarter of 2022, the integrated water cycle area – which includes aqueduct, purification and sewerage services – rose from 55 million euro in the first quarter of 2021 to 55.5 million euro in the first quarter of 2022 (+0.8%), thanks in particular to the contribution coming from higher revenues for new connections. In the first quarter of 2022, investments made in the water cycle area, including capital grants, rose to over 43 million euro (28.3 million euro in the aqueduct, 8.5 million euro in sewerage and 6.6 million euro in purification), mainly involving extensions, reclamation and upgrades on networks and plants, as well as regulatory compliance, especially in the purification and sewerage sectors. The integrated water cycle area accounted for 14.8% of Group Ebitda. Waste management Ebitda for the waste management area – which includes waste collection, treatment and recovery services – increased by 8.1 million euro compared to the same period in 2021, rising to 78.9 million euro at 31 March 2022 (+11.4%), as against 70.8 million euro in the first quarter of 2021. Thanks to its set of plants, which continues to be a distinctive strategic asset on the market, the Group was able to seize opportunities for growth, confirming its ability to react with great resilience to the current market context. In particular, waste treatment contributed to this growth, reaching Ebitda coming to 61 million euro, up 20.8% compared to the 50.5 million euro seen one year earlier. In Italy, the progressive increase in the cost of energy and the difficulties in finding raw materials that began in late 2021 led to a slowdown in production in many manufacturing sectors during the early months of 2022, with repercussions in waste production. Nevertheless, the Group was able to expand its market share in industrial waste treatment, also benefiting from the larger scope of operations ensuing from the M&A transactions mentioned above. Aliplast’s commercial growth in the recovery market continued, due to price increases in all sectors resulting from the high value of virgin polymer and strong market demand, and its consolidated leadership in other markets in which the Group is active. The Hera Group operates in the complete waste cycle, with over 90 plants for municipal and special waste treatment and plastic materials regeneration. The main plants include: 9 waste-to-energy plants, 12 composting/digestion plants and 15 sorting plants. The close attention paid to plants has always been a distinctive element of the Group’s propensity for excellence: indeed, operations are ongoing to provide plants with the best available technologies and to complete the revamping of two waste-to-energy plants, one in Trieste and one in Ravenna. Thanks to the in-depth operational skills possessed by the Group and the other companies in the tender-winning RTIs, the areas served will be equipped with collection models having innovative services and equipment, with a strong focus on sustainability, waste reduction and an increase in recycled materials. The waste management area accounted for 21.1% of Group Ebitda Profit & Loss (mln €) 31/03/2022 Inc.% 31/03/2021 Inc.% Ch. Ch.% Sales 5,312.0 2,271.8 +3,040.2 +133.8% Other operating revenues 100.7 1.9% 100.7 4.4% +0.0 +0.0% Raw material (4,307.8) (81.1%) (1,209.7) (53.2%) +3,098.1 +256.1% Services costs (573.3) (10.8%) (646.9) (28.5%) (73.6) (11.4%) Other operating expenses (17.2) (0.3%) (17.1) (0.8%) +0.1 +0.6% Personnel costs (154.5) (2.9%) (150.1) (6.6%) +4.4 +2.9% Capitalisations 14.1 0.3% 13.3 0.6% +0.8 +6.0% Ebitda 374.0 7.0% 362.0 15.9% +12.0 +3.3% Depreciation and provisions (153.9) (2.9%) (138.9) (6.1%) +15.0 +10.8% Ebit 220.1 4.1% 223.1 9.8% (3.0) (1.3%) Financial inc./(exp.) (29.5) (0.6%) (28.8) (1.3%) +0.7 +2.4% Pre tax profit 190.6 3.6% 194.3 8.6% (3.7) (1.9%) Taxes (52.8) (1.0%) (54.0) (2.4%) (1.2) (2.2%) Net profit 137.8 2.6% 140.3 6.2% (2.5) (1.8%) Attributable to: Shareholders of the Parent Company 126.5 2.4% 132.2 5.8% (5.7) (4.3%) Minority shareholders 11.3 0.2% 8.1 0.4% +3.2 +39.3% Balance Sheet (mln €) 31/03/2022 Inc.% 31/12/2021 Inc.% Ch. Ch.% Net fixed assets 7,294.8 103.4% 7,308.0 109.4% (13.2) (0.2%) Working capital 398.9 5.6% 3.5 0.1% +395.4 +11,297.1% (Provisions) (637.2) (9.0%) (633.4) (9.5%) (3.8) +0.6% Net invested capital 7,056.5 100.0% 6,678.1 100.0% +378.4 +5.7% Net equity 3,601.3 51.0% 3,416.8 51.2% +184.5 +5.4% Long term net financial debt 3,644.6 51.7% 3,633.1 54.4% +11.5 +0.3% Short term net financial debt (189.4) (2.7%) (371.8) (5.6%) +182.4 (49.1%) Net financial debts 3,455.2 49.0% 3,261.3 48.8% +193.9 +5.9% Net invested capital 7,056.5 100.0% 6,678.1 100.0% +378.4 +5.7% Press release Q1 2022.pdf 14:02:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-04-28 On the twentieth anniversary of its foundation, the Group continues along the path of growth that has distinguished it since its establishment, confirming its commitment to sustainable development by creating value for the areas served and all stakeholders The ordinary and extraordinary Shareholders Meeting of Hera met this morning in Bologna to approve the 2021 financial statements and the payment of a dividend increasing to 12 cents per share (+9% compared to the last dividend paid), as further confirmation of the value created for stakeholders and local areas. Among the various resolutions passed, the Shareholders Meeting also approved an amendment to the Articles of Association, in compliance with the content of the new Corporate Governance Code. At the Shareholders Meeting, the 2021 Sustainability Report (a consolidated non-financial statement prepared pursuant to Legislative Decree 254/2016) was also presented. Financial statements for 2021 approved, with growth in results In the ordinary session, the Shareholders Meeting approved the 2021 financial statements, which showed growth in all main operating and financial indicators. Among the main results: Ebitda rose to 1,223.9 million euro (+9%) and net profit attributable to shareholders reached 333.5 million euro (+10.2%). Operating investments, including capital grants, amounted to 588.7 million euro (+16.3%), while net financial debt stood at 3,261.3 million euro, in line with the 3,227.0 million euro seen at 31 December 2020. The net debt/Ebitda ratio improved to 2.66x, confirming the Group’s financial solidity. These figures testify, once again, to the validity of the multi-business strategy adopted by the Group: a balanced mix of internal and external growth, with significant economies of scale and the extraction of higher synergies than expected, to the benefit of the local areas in which Hera operates. Despite the complex scenario, due to the ongoing Coronavirus emergency, in addition to the volatility of the energy market during the second half of the year, further progress occurred along the path of uninterrupted growth achieved by the Group, led since its creation in 2002 by Executive Chairman Tomaso Tommasi di Vignano. In twenty years, in fact, Ebitda has increased more than sixfold and net profit has grown more than tenfold. In addition to achieving positive results, Hera has also constantly pursued sustainable development, supporting its stakeholders, first and foremost its customers, with concrete actions such as instalment plans for bills to enable them to meet their payments. Payment of a 12 cent/share dividend introduced The Shareholders Meeting also approved the Board of Directors’ proposal to pay a dividend coming to 12 cents per share, up 9% compared to the last dividend paid. The ex-dividend date was set at 20 June 2022, with payment as of 22 June 2022. The dividend will be paid to shares recorded on 21 June 2022. The dividend paid, based on the Hera share price at 31/12/2021, corresponds to a 3.3% annual return. A strong focus on creating value for shareholders was therefore confirmed. This increase is consistent with the dividend policy set out in the Business Plan, which foresees a steady increase in dividends, reaching 14.5 cents per share by 2025. The Sustainability Report: Shared value Ebitda rises to 570.6 million During the Shareholders Meeting, the 2021 Sustainability Report was also presented, showing how improvement in operating and financial indicators goes hand in hand with creating shared value. More specifically, in 2021, shared value Ebitda, referring to business activities that also meet the drivers for sustainable growth, rose to 570.6 million euro, a significant increase compared to 2020 (+25.4%), corresponding to 46.6% of total Ebitda. This result reflects the direction set out in the Business Plan, which projects this figure at 55% of total Ebitda by 2025, rising to 70% in 2030, along a linear path that generates concrete benefits for the local areas and communities served, alongside the company’s own development. Articles of Association adapted to the new Borsa Italiana Corporate Governance Code The extraordinary agenda items approved by the Shareholders Meeting include an amendment of Article 17 of Hera’s Articles of Association, in compliance with the content of the new Corporate Governance Code, following a close analysis of international developments in corporate governance. In particular, the recommendation that administrative bodies should include a number of independent directors coming to at least half of the members of the Board of Directors was implemented. Therefore, with the reformulation of paragraph 17.3 of the Articles of Association, it is clearly stated that, within each list presented, at least half of the candidates must meet independence requirements. Other resolutions approved The Shareholders Meeting also approved a renewed authorisation for the Board of Directors to purchase treasury shares (and the procedures for their treatment), for a total value of up to 240 million euro for 18 months, at the same time revoking last year’s resolution for the non-executed part. The renewal of authorisation to use treasury shares was requested in order to pursue the purposes permitted by law and accepted market practices, in order to increase value creation in transactions carried out by Group companies as well, for whom investment opportunities arise, and for transactions involving the issue of financial instruments. Lastly, the Shareholders Meeting approved the Report on remuneration policy and compensation paid, in line with international best practices, and the Corporate governance report was also presented. “Over the Group’s twenty-year history, we have pursued a path marked by constant growth, leveraging our operating-financial solidity, with positive repercussions for all stakeholders, first and foremost our shareholders”, states Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group. “We will continue to guarantee the highest quality and efficiency in our services, despite the complexities of the external scenario, as done for twenty years working concretely and coherently with the values that have always distinguished us. We are therefore carrying on with our commitment to further developing a highly innovative and original business model, capable of acting as a real driver of change for the local areas and communities we serve, with a strategic approach aimed at creating shared value.” 20220428_PR_HERA Shareholders meeting.pdf 11:48:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-04-26 As regards the appointment, by the Mayor of Bologna, of Mr. Orazio Iacono as member of the Board of Directors of Hera S.p.A., indicating him for the position of CEO, the company declares that it has begun the internal procedures necessary to convene the Board of Directors meeting for his co-optation. The appointment of the new CEO will therefore occur in accordance with the provisions of the Shareholders Agreement to which the public shareholders adhere. The Executive Chairman of the Hera Group, Tomaso Tommasi di Vignano, congratulates Mr. Orazio Iacono on his appointment and wishes him every success in his future professional role. 20220426 CEO Appointment.pdf 19:37:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-04-06 Kindly note that the following documents, approved by the Hera S.p.A. Board of Directors, have been made available to the public at company headquarters, on the website https://eng.gruppohera.it/ and on the authorised storage platform 1INFO (www.1Info.it): folder containing the draft Separate and consolidated financial statements at 31.12.2021 Sustainability report – consolidated non-financial statement drafted pursuant to L. Decree 254/2016. In the same way, the reports of the Board of Directors on the issues at items 3 and 4 on the AGM’s agenda as well as the Group’s Report on the remuneration policy and fees paid and the 2021 Corporate Governance Report are also available. 06042022 Press release Financial Statements-DNF FY21.pdf 15:56:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2022-03-23 The year ended positively, with all operating and financial indicators up compared to 2020. Financial solidity, the pursuit of sustainable development and the value creation for local communities served all confirming the strong track record, enabling Hera to stand by its stakeholders and provide support. Proposed dividend revised upwards, now set at 12 cents per share Financial highlights • Revenues at 10,555.3‬ million euro (+49.1%) • Ebitda at 1,223.9 million euro (+9.0%) • Net profits for Shareholders at 333.5 million euro (+10.2%) • Net debt at 3,261.3 million euro, net debt/Ebitda improves to 2.66x • Proposed dividend increases to 12 cents per share (+9%) Operating highlights • Positive results from both internal and external growth • Significant contributions from the gas area, energy services and the waste management sector • Approximately 3.5 million customers in the energy sectors • Improvement in all sustainability indicators, with shared value Ebitda rising sharply to 570.6 million euro (+25.4%) Today, the Hera Group’s Board of Directors, chaired by Tomaso Tommasi di Vignano, unanimously approved the consolidated economic results at 31 December 2021 and the Report on remuneration policies and compensation paid, along with the Sustainability report. 20 years of uninterrupted growth, thanks to good operational, financial and fiscal management. The Hera Group closed the year 2021 with positive results, despite the complex scenario seen in Italy due to the ongoing Coronavirus emergency and, in the second half of the year, high volatility in the energy market. Thanks to its solid and efficient multi-business model and its good operational, financial and fiscal management, Hera managed to keep its results growing while pursuing sustainable development. It also succeeded in supporting its stakeholders, first and foremost its customers, with concrete actions such as bill instalment plans to enable them to meet their payments. . More generally, the Hera Group prolonged the path of uninterrupted growth that has characterised it since it was founded in 2002, continuing to leverage its own strategy: a balanced mix of internal and external growth, with significant economies of scale and an extraction of synergies that exceed expectations. . All this was accompanied by a wide range of initiatives for the energy transition, the circular economy and technological evolution, consistent with the path set out in the Business Plan to 2025, which aims to stand beside local areas in recovery, while respecting European strategies and the goals of the UN’s 2030 Agenda. . Revenues exceed 10.5 billion, up 49.1% The Hera Group’s 2021 revenues rose to 10,555.3 million euro, up 49.1% from the 7,079.0 million euro seen in 2020, with growth in all areas. The energy sectors in particular showed higher revenues from sales and trading activities, higher volumes of gas sold and an increase in energy commodity prices, in addition to growth in energy services and value-added services for customers. Revenues in the waste management sector also increased, due to higher volumes of plastic materials sold and acquisitions in the industrial market. Lastly, note the contribution coming from network services (both regulated and for third parties) and other services such as public lighting and telecommunications. Ebitda increases to 1,223.9 million euro (+9.0%) Group Ebitda rose to 1,223.9 million euro, up 9% from the 1,123.0 million euro recorded in 2020. This increase is linked to the performance of the energy areas, which also include energy services related to energy efficiency in residential buildings (insulation bonus and 110% super-bonus). The positive results recorded in the waste management area were also decisive, particularly in the area of waste treatment, partially due to an increase in the number of plants managed following recent acquisitions. Operating results grow to 611.7 million euro (+11.0%) Net operating results were also up, reaching 611.7 million euro, up 11.0% from 551.3 million in 2020, despite higher provisions and amortisation for new investments made in the operating segments, and those resulting from changes in the scope of consolidation; this result is equivalent to 50% of Ebitda. Financial operations amounted to 119.8 million euro, up by 3.1 million euro compared to 31 December 2020, due to higher expenses from the sale of tax credits as part of the ecobonus activities, partly offset by the efficiencies achieved following the repurchase of part of the Group’s medium/long-term debt, lower discounting charges and higher profits from associates and joint ventures. Pre-tax profit increased from 434.6 million to 491.9 million (+13.2%). Net profit pertaining to shareholders rises to 333.5 million (+10.2%) Net profit as at 31 December 2021 rose to 372.7 million, up 15.5% from 322.8 million one year earlier. Special items coming to 12.6 million contributed to this result. The tax rate for the 2021 financial year was 26.8%, compared to 25.7% in the previous year. The 2021 tax rate was mainly determined by the benefits received in terms of large and very large depreciation, relating to the significant investments made by the Group in technological, digital and environmental transformation. Strong growth was also seen in profits pertaining to Group shareholders, which rose to 333.5 million, compared to 302.7 million in 2020 (+10.2%). Net investments increase to 570.3 million; net debt/Ebitda ratio improves to 2.66x In 2021, net investments amounted to 570.3 million, up 7.9% from 528.5 million in 2020. This includes 11 million in financial investments, mainly for an equity investment in SEA, a company based in Marche region, down from the previous year’s financial investments that included an equity investment in Ascopiave. Including capital grants, operating investments rose to 588.7 million, up 16.3% on the 506.4 million seen during the previous year, with a significant focus on asset resilience. More specifically, investments were allocated mainly to plants, networks and infrastructures, as well as to regulatory upgrading in the water and sewage sector and a large-scale installation of new-generation gas meters. In addition to financing these investments and paying dividends, the positive cash flow generation also made it possible to finance the M&A transactions carried out in 2021 and cover most of the liability management transactions, including the repurchase of loans with an approximate nominal value of 400 million maturing in the next few years. All this, while keeping net financial debt essentially stable, at 3,261.3 million on 31 December 2021, in line with 3,227.0 million at 31 December 2020. Hera’s financial solidity – which is also reflected by the ratings assigned by the main rating agencies: BBB+ with a stable outlook by Standard & Poor’s and Baa2 by Moody’s – was also confirmed by the net debt/Ebitda ratio 2.66x, an improvement compared to the 2.87x seen at the end of 2020. Group focus on sustainability confirmed, with shared value Ebitda increasing to 570.6 million These positive economic results go hand in hand with Hera’s increasing focus on sustainability. In 2021, shared value Ebitda, which refers to business activities that also meet the drivers for sustainable growth, rose to 570.6 million, a significant increase compared to 2020 (+25.4%) and corresponding to 46.6% of total Ebitda. This result is in line with the projections contained in the Business Plan, which expects this value to reach 55% of total Ebitda by 2025 and rise to 70% in 2030, along a linear path that generates concrete benefits for the areas and communities served, flanking the company’s own development. Proposed dividend rises to 12 cents per share Confirming the focus on generating value for shareholders, and in line with what was announced last January when the 2025 Business Plan was presented, in view of the positive results achieved, the Board of Directors has decided to propose to the Shareholders Meeting to be held on 28 April the payment of a dividend coming to 12 cents per share, higher than the amount expected by the previous Business Plan. The ex-dividend date has been set at 20 June 2022, with payment as of 22 June 2022. The dividend will be paid to shares recorded on 21 June 2022. br> Report on Remuneration policies and compensation paid approved The Board of Directors also approved the Report on Remuneration policies and compensation paid, in line with international best practices. Gas Ebitda for the gas area – which includes services in natural gas distribution and sales, district heating and heat management – grew significantly compared to the previous year, in terms of both earnings and volumes sold, rising to 487.6 million euro (+30.2%), compared to 374.4 million in 2020. This growth, which concerned both revenues and volumes sold, was achieved thanks to the positive contribution coming from the volumes sold in traditional markets, as a result of the recovery in consumption and production activities, which suffered a sharp slowdown in 2020 due to the pandemic, and in those segments subject to tenders, where Hera Comm further consolidated its presence. In last resort markets in particular, Hera Comm was awarded, for the period from 1 October 2021 to 30 September 2023, 6 out of 9 lots of the last resort gas service and all lots of the default gas service, as well as 9 lots of the Consip GAS13 tender, through which Public Administrations in 12 regions purchased gas in 2021. The increase in earnings is also linked to significant growth in the energy services business, due to incentives deriving from tax bonuses for energy efficiency works, confirming the trend of considerable growth in this sector recorded in previous quarters. The number of customers remained essentially stable, at 2.1 million. In 2021, gross investments totalled 141.3 million (+4.4% compared to 2020), mainly due to the installation of gas smart meters, including the innovative NexMeter patented by Hera, activities related to the acquisition of new customers, as well as non-recurring maintenance on networks and plants. As regards regulated services, in September 2021 the Hera Group, through its subsidiary AcegasApsAmga, was definitively awarded the tender for gas distribution in the Udine 2 ATEM for the next 12 years, with a value of approximately 115 million euro. The gas area accounted for 39.8% of Group Ebitda. Electricity The electricity area – which covers electricity generation, distribution and sales services – recorded an Ebitda coming to 144.7 million, down sharply from the 188.2 million seen one year earlier (-23.1%), mainly due to the reduction in the scope of operations in the safeguarded market and the lower calls for the dispatching market. Growth in free market activities, new value-added services, optimisation of plant production and distribution services compensated for the lower income coming from brokerage activities. Electricity customers came to over 1.4 million (+5.0%), with growth mainly in the free market, thanks to the strengthening of commercial actions and the award of the gradual protection service. In the electricity area, gross investments amounted to 55.3 million euro, up 15.9% on the previous year. The interventions carried out mainly concern non-recurring maintenance on distribution plants and networks in the Modena, Imola, Trieste and Gorizia areas, some new constructions, such as the Modena Est primary substation, as well as the replacement of meters. Requests for new connections also increased compared to the previous year. The electricity area accounted for 11.8% of Group Ebitda. Water cycle Ebitda for the integrated water cycle area – which includes services in the aqueduct, purification and sewerage – came to 262.4 million euro, essentially in line with the 265.8 million seen in the previous year. This result is due to higher operating costs on networks and plants, as a result of the resumption of activities after the lockdown, and revised technical quality criteria, partially offset by higher revenues from connections and growth in other revenues. The latter include the benefits recognised by Arera with the application of the new tariff method, linked to the significant investments made by the Group to implement measures increasing the resilience and sustainability of its plants, and thus continue to guarantee citizens quality, efficiency and continuity in supply. Including capital grants, investments amounted to 194.6 million euro (+17.1%), mainly going to extensions, reclamation and upgrades of networks and plants, as well as regulatory adjustments, especially in the purification and sewage sector. Among other things, work continued on the Rimini seawater protection plan, one of the most important and avant-garde works in Italy in the field of sewerage and purification, in addition to redeveloping the sewerage network in other areas. Requests for new water and sewage connections increased compared to the previous year, also driven by the economic recovery, particularly in the construction sector. At the end of 2021, Atersir definitively awarded the Hera Group the tender for managing the integrated water service in 24 municipalities in the province of Rimini, in Emilia-Romagna region, including the capital city, with a contract worth approximately 1.7 billion euro. Thanks to the award of the tender, one of the first in Italy, the new water distribution service in the Rimini area will be based on sustainability and innovation, and the Hera Group, also the outgoing manager for the 24 municipalities, will be responsible for the service for the next 18 years. The integrated water cycle area accounted for 21.4% of Group Ebitda. Waste management Ebitda for the waste management area – which includes waste collection, treatment and disposal services – rose to 291.7 million euro, +13.1% compared to the 258.0 million seen in 2020. This growth was achieved thanks to the ability shown by the Hera Group, the leading national operator in the waste management sector, to make the most of the current economic recovery. In addition to the contribution coming from an additional plant expansion, thanks to a series of M&A transactions in the industrial waste treatment sector, the increase in margins in the waste management area was due to higher revenues from growth in the volumes of waste treated and electricity generation, as well as strong development in the activities of the subsidiary Aliplast, a leader in the production of high quality recycled polymers, faced with a significant increase in demand and in the selling price of recycled materials. Initiatives in the field of the circular economy include those relating to Hera Business Solution, a “turnkey” multi-service proposal for large companies with integrated energy and environmental solutions aimed at sustainability, and the production of renewable energy with the development of the biomethane chain, also involving a collaboration with other local companies. Just last year, Hera signed a partnership with Inalca (Cremonini Group) to set up the NewCo Biorg for the transformation of organic waste and agro-food waste into 100% renewable methane and compost, which will be launched by the end of 2022. The Group’s focus on protecting and reusing environmental resources is also confirmed by the rate of sorted waste collection, which in 2021 stood at 65.3%, slightly up compared to the same period in 2020 if recalculated using uniform criteria. Investments coming to 98.2 million euro, up sharply compared to the previous year (+43.8%), mainly went to maintenance and expansion in the set of plants, including the start-up project with the NewCo Biorg in the Modena area, revamping work on the waste-to-energy plant in Trieste, and the F3 plant in Ravenna. Increased investments were also made in the collection point and equipment sector, which includes work on underground collection points. Lastly, in November 2021, Atersir definitively awarded the Hera Group the 15-year contract for municipal waste management services in Modena and Bologna, with a total of 1.5 million inhabitants and a value of over 2.5 billion. The waste management area accounted for 23.8% of Group Ebitda. Statement by Executive Chairman Tomaso Tommasi di Vignano In 2021, our commitment to pursuing the creation of value for the company and our stakeholders, with sustainable development, once again enabled us to achieve positive results and implement actions to support the environment in which we operate, starting with our customers. We will continue to do so in spite of the current scenario, which remains complex, and we look to the future by focusing on two factors that have always distinguished our twenty-year history: concreteness and solidity. Our decision to increase the dividend to 12 cents per share, in line with what we announced when we presented our new Business Plan, is a step in this direction and will benefit our shareholders, who will be able to count on higher income to face the current difficult situation. Risk prevention and management, moreover, is one of the strategic guidelines underpinning our Plan; it translates into the medium- to long-term approach required to anticipate actions and thus offset the risks to which utilities are exposed, deal with complexities and continue to guarantee service quality and continuity. Statement by CEO Stefano Venier The positive results achieved in 2021 show a further reinforcement of the company’s financial solidity, confirmed among other things by the net debt/Ebitda ratio, now at 2.66x, an improvement compared to the previous year. The positive cash flow allowed us to make greater investments, with positive repercussions for the areas in which we operate, in terms of both service quality and the induced economic activity created. Our greater solidity allows us to face the current complex scenario with confidence, continuing to guarantee investments and support for our stakeholders, with sustainability fully integrated into our business strategies. This is confirmed by the increase of over 25% in shared value Ebitda, which rose to 570.6 million in 2021 and accounted for 46.6% of total Ebitda, with the aim of reaching 70% in 2030. Impact of the conflict in Ukraine and of increases in energy commodity prices Russia’s invasion of Ukraine on 24 February triggered a series of economic and financial consequences, with an impact above all on the energy markets in which the Hera Group also operates. The already very high price of commodities, concerning both gas and electricity, has shown an extremely large degree of upward volatility. Within this scenario, two systemic risks in particular are becoming increasingly important: a further increase in inflation, due to energy commodities, with an effect on consumer products (agri-foods and industrial production) and a consequent impact on growth in GDP and energy demand; an unavailability of gas supplies from Russia – which account for 35%-40% of national consumption – would, depending on its duration, have an impact on industrial activities in the upcoming months, and also on domestic thermal consumption, if protracted beyond the summer. In line with its risk management strategy, the Hera Group is monitoring the evolution of this situation on a day-to-day basis, defining possible risk scenarios for its activities and identifying, where possible, mitigation actions. 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 financial statement and related materials will be available to the public pursuant to the terms established by law at the Company Headquarters, on the website www.gruppohera.it and on the authorised storage platform 1Info (www.1info.it), as of 6 April 2022. Unaudited extracts from the Financial Statements at 31 December 2021 are attached. Profit & Loss (m€) 31/12/2021 Inc.% 31/12/2020 Inc.% Ch. Ch. % Sales 10.555,3 7.079,0 +3.476,3 +49,1% Other operating revenues 400,1 3,8% 467,8 6,6% -67,7 -14,5% Raw material (6.668,5) -63,2% (3.410,6) -48,2% +3.257,9 +95,5% Services costs (2.464,6) -23,3% (2.424,9) -34,3% +39,7 +1,6% Other operating expenses (66,5) -0,6% (58,9) -0,8% +7,6 +12,9% Personnel costs (592,8) -5,6% (572,7) -8,1% +20,1 +3,5% Capitalisations 60,8 0,6% 43,3 0,6% +17,5 +40,5% Ebitda 1.223,9 11,6% 1.123,0 15,9% +100,9 +9,0% Depreciation and provisions (612,5) -5,8% (571,7) -8,1% +40,4 +7,1% Ebit 611,7 -5,8% 551,3 7,8% +60,4 +11,0% Financial inc./(exp.) (119,8) (1,1%) (116,7) (1,6%) +3,1 +2,7% Pre tax profit 491,9 4,7% 434,6 6,1% +57,3 +13,2% Taxes (131,8) -1,2% (111,8) -1,6% +20,0 +17,9% Net profit 360,1 3,4% 322,8 4,6% +37,3 +11,6% Special items 12,6 0,1% - 0,0% +12,6 +100,0% Net profit 372,7 3,5% 322,8 4,6% +49,9 +15,5% Attributable to: Shareholders of the Parent Company 333,5 3,2% 302,7 4,3 +30,8 +10,2% Minority shareholders 39,1 0,4% 20,1 0,3% +19,0 +94,6% Balance Sheet (m€) 31/12/2021 Inc.% 31/12/2020 Inc.% Ch. Ch. % Net fixed assets 7.308,0 109,4% 6.983,6 109,4% +324,4 +4,6% Working capital 2,5 0,10% 53,6 0,8% (50,1) 93,5% (Provisions)/td> (633,4) (9,5%) (654,9) (10,2%) 21,5 (3,3%) Net invested capital 6.678,1 100,0% 6.382,3 100,0% +295,8 +4,6% Net equity 3.416,8 51,2% 3.155,3 49,4% 261,5 +8,3% Long term net financial debt 3.633,1 54,4% 3.617,1 56,7% (16,0) 0,4% Short term net financial debt (371,8) (5,6%) (390,1) (6,1%) +18,3 (4,7%) Net financial debts 3.261,30 48,8% 3.227,0 50,6% +34,3 +1,1% Net invested capital 6.678,1 100,0% 6.382,3 100,0% 295,8 4,6% Press release FY2021.pdf 13:53:00 sede hera piloni (1).png Nuova_Palazzina_1_110x150_s1.1533219433 (1).jpg

2022-02-01 For the second time in a row, Hera has been awarded the S&P Global Gold Class Sustainability Award. This is the highest recognition reserved for listed companies included in the Dow Jones Sustainability Index, one of the most authoritative international indices for assessing ESG factors, in which the Group had also confirmed its ranking as sector leader last year S&P Global 2022 The Hera Group is once again a global gold medal winner for sustainability, for the second consecutive year. The S&P Global 2022 Gold Class award was announced today, together with the publication of the 2022 Sustainability Yearbook, the report containing the analyses carried in order to be included in the latest edition of the Dow Jones Sustainability Index (DJSI). This document highlights the results achieved by Hera, a leader in all three aspects evaluated in its area (Environment, Economic & Governance and Social), for its ability to efficiently manage resources, seize market opportunities and ensure stakeholder involvement. In the Dow Jones Sustainability Index (DJSI), the authoritative international stock exchange index which evaluates listed companies based on ESG aspects, Hera was confirmed as the international leader in its sector (Multi-Utilities & Water), reaching a score of 90/100, compared to an average of 39/100. The 2022 Gold Class offers further recognition for the Hera Group’s strategy, in which business activities and attention to ESG factors have always gone hand in hand. The Business Plan to 2025 itself, presented last week, consolidates the Group’s commitment to a balanced and sustainable development, in order to continue creating value for shareholders, local areas and the communities served. This new five-year strategic document foresees concrete and innovative projects for the energy transition, the circular economy and technological evolution, thanks to a strong rise in investments, most of which meet the criteria with which the European Taxonomy identifies opportunities that contribute to reaching environmental policy objectives. The Group’s commitment, made explicit in its Plan to 2025, translates into industrial objectives consistent with European policies and the UN Agenda for Sustainable Development. This includes a series of targets for 2030, among which a 37% reduction in greenhouse gas emissions compared to 2019 and a 150% increase in the amount of recycled plastic compared to 2017. S&P Global 2022 Press release Hera wins 2022 sustainability gold medal SP Global.pdf 2015-04-17 13:30:36 S&P Global 2022 S&P Global 2022