Press releases

2023-09-27 Hera S.p.A. hereby announces that, following the resignation, effective from 19 June 2023, of the director Lorenzo Minganti, the Company’s Board of Directors, which met today, has appointed Enrico Di Stasi by co-optation. Mr. Enrico Di Stasi, who was co-opted pursuant to Article 2386 of the Italian Civil Code, as well as Article 17.10 of the Company’s Articles of Association, following his appointment, qualifies as a non-executive and independent director and, pursuant to the information available, holds no shares in the Company. Finally, note that Mr. Enrico Di Stasi has also been appointed as a member of the Company’s Control and Risk Committee. Enrico Di Stasi’s full curriculum vitae may be consulted on the Company's website, at https://eng.gruppohera.it/group_eng (section: Governance/ Board of Directors). 20230927 Appointment by co-optation of new BoD member.pdf 12:44:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-09-27 The merger deed was signed today and follows the acquisition, last March, of 92% of Asco TLC by the Hera Group subsidiary and Ascopiave. The transaction will strengthen Acantho’s position in the IT-TLC sector, making it a multi-regional operator The Chairman of Asco TLC, Alessandro Aiello, and the Chairman of Acantho, Roberto Vancini, signed the deed of merger by incorporation of Asco TLC into Acantho this morning in Bologna. As of 1 October 2023, the latter company will take over the management of telephone and data centre services involving an infrastructure with 326,600 km of fibre optics owned, 4 data centres available (Imola, Siziano, Santa Lucia di Piave and San Vendemiano), and approximately 9,000 customers. This merger follows up on the acquisition of 92% of Asco TLC by Acantho, a subsidiary of the Hera Group, and Ascopiave, finalised on 14 March 2023 and a result of the public tender procedure called by Asco Holding. Following the transaction, the Acantho shareholding will have the following breakdown: Hera S.p.A. 70.16%, Con.AMI 16.84%, Ascopiave 11.35% Province of Treviso 1.65%. This transaction not only represents for the Hera Group and the Ascopiave Group a strategic step in the evolution of their ICT business portfolio, in line with their respective business plans, it will also enable the new Acantho to create significant operational and commercial synergies and to provide customers with increasingly broader, more efficient, innovative and competitive solutions in terms of both costs and sustainability. Asco TLC and Acantho, indeed, are companies that share many common features, not only from an industrial perspective, but also in terms of their path of development and the type of ICT services offered to their customers. The aim of incorporating Asco TLC's infrastructure assets and advanced expertise into Acantho is to expand the range of services offered in the IT and telecommunications sector. This will lead to growth in business activities, especially in the high-density industrial sector, where the company already operates through other business lines. More specifically, the merger will help improve supply relationships with citizens and companies in the geographical areas served, enabling Acantho to offer commercial proposals that use the most advanced current technology. These proposals will be integrated and made flexible, to meet the different needs of customers and stakeholders, including high-performance and reliable connectivity, telephone and data centre services. “We are excited to announce the completion of the merger by incorporation of Asco TLC into Acantho, which marks a significant step in our strategic growth and development. This merger allows us to combine our resources, skills and talents to offer even more innovative solutions to our customers and create added value for our shareholders. We are confident that this union will position us strongly and competitively in the markets in which we operate, and we are enthusiastic about working together and facing new challenges so as to build a successful future,” stated Alessandro Aiello, General Manager of Acantho. “The transaction we have concluded today will make it possible to achieve, in the most effective way possible, the potential industrial synergies arising from the integration of the companies involved, within an increasingly competitive market that requires continuous improvement in commercial proposals for regional authorities, companies and local users”, stated Nicola Cecconato, Chairman, CEO and General Manager of the Ascopiave Group. 20230927 MERGER OF ASCO TLC INTO ACANTHO.pdf 12:25:00 ASCO TLC - ACANTHO 110.png See the press release ASCO TLC - ACANTHO 110.png

2023-08-02 Bologna, 2 August 2023 – The following table contains the data concerning the shares outstanding and the number of voting rights representing the share capital as at 31 July 2023. Updated situation Previous situation Number of shares constituting the Share capital Number of voting rights Number of shares constituting the Share capital Number of voting rights Total, of which: 1,489,538,745 2,229,220,858 1,489,538,745 2,229,286,858 Ordinary shares (regular dividend rights: 01.01.2023) – cod. ISIN IT0001250932 Current coupon: n. 22 749,856,632 749,856,632 749,790,632 749,790,632 Ordinary shares with increased voting rights (regular dividend rights: 01.01.2023) – cod. ISIN IT0005159972 Current coupon: n. 22 739,682,113 1,479,364,226 739,748,113 1,479,496,226 08_2023_Communication overall amount of voting rights art 85 bis.pdf 14:31:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-07-27 The merger leads to the strengthening of Acantho's position in the IT-TLC sector: thanks to Asco TLC's cutting-edge skills and infrastructure, the digital company expands its assets and services, becoming a multi-regional operator able to provide its customers with more innovative, efficient, reliable and competitive solutions, both in terms of cost and sustainability. The Hera Group and the Ascopiave Group have today approved the merger of Asco TLC into Acantho at the extraordinary shareholders' meetings of the subsidiaries held today. The expected contribution to the growth of Acantho's EBITDA, and thus to the Hera Group's consolidated EBITDA as parent company, is at least EUR 4 million, to which the resulting synergies will be added. The merger follows the acquisition of 92% of Asco TLC finalised by Acantho and Ascopiave on 14 March 2023 and the previous awarding of the public tender procedure called by Asco Holding. Asco TLC, a company active since 2001 in the provision of ICT services mainly to corporate customers and public administrations, has a significant proprietary territorial network, located in the Veneto and Friuli-Venezia Giulia regions for more than 2,200 km of fibre optic backbones, 56 radio links and 24 xDSL exchanges in unbundling, and provides its services to more than 2,700 customers. Acantho, the digital company controlled by the Hera Group, with over 7,000 customers, started over two decades ago, the development of a proprietary ultra-wideband fibre optic network, stretching over 238.000 km, and provides, also to the parent company and other companies, data centre, telephony and connectivity services, in particular with solutions in primary and secondary data centre management, networks connecting offices, internet access, fixed and mobile telephony, Internet of Things (IoT) applications for distribution network and meter management, radio infrastructure for meter and network node remote reading, network remote control platforms and digital transformation. There has always been a constant focus on sustainability by Acantho, which self-produces 30% of its data centre's energy needs, with a 20% reduction in CO2 emissions into the atmosphere. The merger by incorporation of Asco TLC into Acantho represents for the Hera Group and the Ascopiave Group a strategic step in the evolution of the business portfolio in the IT-TLC sectors, in line with their respective industrial plans. Moreover, it will allow the birth of a multi-regional player with significant operational and commercial synergies and important benefits also for customers, who will receive a dedicated communication as soon as the effective date of the merger will be defined, approximately in autumn 2023. The expected industrial benefits of the merger Thanks to the integration of Asco TLC's infrastructural assets and cutting-edge skills into Acantho, the Hera Group expects to expand its range of services in the information technology and telecommunications sector, with consequent commercial development, particularly in its reference territory, with a high industrial density, where it already operates with other businesses. The transaction is part of the multi-utility's development path, which aims to provide its customers with increasingly broader, more efficient, innovative and competitive solutions in terms of both costs and sustainability. In particular, the merger will bring added value to supply relations with the citizens and companies of the territories served, enabling the Hera Group to offer business proposals at the technological frontier, integrated and flexible to the various needs of customers and stakeholders, including connectivity, telephony and data centre services of high performance and reliability, also guaranteed by high seismic-resistance structures, and state-of-the-art anti-flooding, fire-fighting and alarm systems. "The incorporation of Asco TLC into Acantho, and therefore within the Hera Group, gives us the opportunity to make the most of the potential and specialist excellence of the two companies. In addition, the operational integration of the IT-TLC business activities of our multi-utility and Ascopiave will lead us to consolidate the proposal of Information and Communications Technology (ICT) services on the territory, with an increasingly tailor-made and flexible offer for customers, including the same companies controlled by the two groups. The sharing of assets, skills and solutions will also enable us to be able to respond more effectively and efficiently to the main trends in the ICT market, which is moving towards a greater demand for advanced products and integrated security services, both at network and systems level," said Alessandro Aiello, General Manager of Acantho. "The transaction we have concluded today will make it possible to harness, in the most effective way, the potential industrial synergies arising from the integration of the companies involved, in an increasingly competitive market context that requires a continuous improvement of commercial proposals for local authorities, companies and users," said Nicola Cecconato, Chairman, CEO and General Manager of the Ascopiave Group. 20230727_Merger ASCO TLC into Acantho.pdf 17:30:00 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

2023-07-06 This transaction, strongly linked to the local social and industrial fabric, represents a major new commitment made by the Group to promote the energy transition and decarbonisation in the areas it serves. Only two months after the establishment of Horowatt, a NewCo between Hera Group and Orogel that within 2024 will create an innovative and sustainable agrivoltaic plant in the agricultural cooperative’s Cesena facilities, Hera’s programme for developing cutting-edge integrated solutions in the field of clean energy is making rapid progress. This morning, Hera Group finalised the acquisition of Tiepolo Srl, owned by Combigas and Greenfield Renewables (each one holding 50% of the shares), which has developed a project for constructing a solar park in Bondeno (Ferrara) capable of meeting the needs of over 5,000 households. The plant, which will have a capacity of 8.9 megawatts and will generate approximately 13 GWh/year when fully operational, is one of the Hera Group’s numerous projects aimed at producing renewable energy and already included in the Business Plan to 2026, to support citizens, businesses and public administrations in the decarbonisation and electrification of their consumption. In order to make a significant contribution to reducing climate-changing gas emissions in all localities served and accompany them towards carbon neutrality, the Group has not only allocated significant investments for the energy transition in its Business Plan, but has also set up a new business unit entirely dedicated to renewable energy production and energy management. “For the Hera Group, combating climate change is crucial and translates into a strong focus on the energy transition in all strategic areas of development outlined in our Business Plan to 2026”, comments Orazio Iacono, CEO of the Hera Group. “These concrete initiatives promote renewable energy sources, from photovoltaics to new models of distributed power generation and from hydrogen to biomethane, which will play an increasingly important role in the process towards the decarbonisation and energy security of our country. Once again, Hera’s contribution will be crucial for the sustainable development of all local areas in which we operate.” 20230706_Hera Group acquires Tiepolo to build photovoltaic power station.pdf 10:58:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-06-29 Through its subsidiary Hera Comm, the Group has acquired 60% of the long-standing Rimini-based company, a reference point for technological systems and renewable energy throughout Italy, thus expanding its portfolio of solutions dedicated to business customers. This morning, the Hera Group, acting through its subsidiary Hera Comm, finalised the acquisition of 60% of Fratelli Franchini. Based in Rimini, this company has a consolidated experience in the area of designing, installing and providing maintenance of all types of technological systems for companies, public administrations and hospitality facilities. It has been active for over 17 years in producing high-yield renewable energy sources for public and private industrial customers throughout Italy. The remaining 40% of the company stays in the hands of Franchini Group Srl, owned by brothers Pierpaolo and Marco Franchini, who retain the position of CEOs. This partnership with a long-standing operator, active both locally and nationally, will enable the Hera Group to acquire new technical skills, particularly in the photovoltaic market, expand its portfolio of solutions for business customers, and respond to the growing demand for systems based on renewable sources, further strengthening its position in the Italian energy market. The details of the partnership Fratelli Franchini boasts over half a century of activity in the system engineering sector: since 1959 it has been building technological systems and since 2006 it has also been working in the renewable energy sector, developing projects for business clients in the hotel, port, hospital, industrial, retail and museum sectors. This company is the partner of choice for clients in the industrial sector, both public and private, to whom it is able to offer integrated solutions in all phases necessary for installing and maintaining of electrical, mechanical, large-scale photovoltaic and energy efficiency systems. It has installed more than 300 systems over the years. This operation boosts the Hera Group’s ability to support its customers along the path to decarbonisation, including through the installation of photovoltaic generation systems, from traditional photovoltaic panel systems to new distributed power generation models such as Renewable Energy Communities. The services offered are rounded off by charging infrastructures for electric mobility, supply and installation of high-efficiency boilers and air conditioners, and energy efficiency systems. These activities will contribute to achieving the 37% emission reduction target by 2030, already validated by the prestigious international network Science Based Target initiative (SBTi). “With this partnership, we have consolidated our ability to support customers along their path towards the energy transition and electrification of consumption, offering tools for energy efficiency and self-production”, comments Cristian Fabbri, Executive Chairman of Hera Group. “Moreover, following up on the transactions finalised in recent years for residential customers, this partnership allows us to enhance the value-added services we dedicate to companies and expand our operational and plant capacity, with concrete benefits for all our business customers.” “We are highly honoured that an outstanding company such as the Hera Group has chosen our company to develop its activities in the renewables sector. With this entry, we are certain that we will be able to give a strong boost to our business and further consolidate our position on the market, which already ranks us among the most important players in the sector”, comment Pierpaolo and Marco Franchini, CEOs of Fratelli Franchini. “We would like to thank Roberto Berardi and Gabriele Baschetti from Studio Skema and the lawyer Paolo Pieri who assisted us in the transaction. Special thanks also go to all our employees and collaborators who enabled us to reach this important milestone and who represent our strength and our future.” 20230629_Strengthen renewables with Fratelli Franchini partnership.pdf 12:29:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-06-15 Lorenzo Minganti, a non-executive and independent member of Hera S.p.A.’s Board of Directors and of the Company’s Control and Risk Committee, has announced his resignation, due to unforeseen professional commitments, effective as of 19 June 2023. Also note that to the Company’s knowledge, Mr. Minganti holds 6,700 Hera S.p.A. shares. 20230615 Resignation of a member of the Board of Directors.pdf 18:29:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-06-14 Hera achieves second place in the overall ranking published by the index measuring the degree to which ESG factors are integrated within the governance of Italy’s top 100 listed companies. Among Italy’s top companies for the last three years, Hera ranks second in 2023 thanks to its full and deliberate integration of sustainability policies into its business strategies and governance structure. This has been confirmed by the Integrated Governance Index, the main quantitative index measuring the integration of ESG factors in the governance of the top 100 Italian listed companies, managed by ETicaNews and presented today in Milan at the ESG Business Conference. “We are satisfied with this recognition”, remarks Cristian Fabbri, Executive Chairman of the Hera Group, “which rewards the attention we have always paid to sustainability which is a driver of our business development strategy and is fully integrated into our corporate governance. Close ties with the local areas served are crucial for a company like ours, always aware of and attentive to its institutional and social role, which is all the more significant in today’s constantly evolving context. Local roots and focus on ESG objectives are one of Hera’s hallmarks, showing that it has always been committed to giving full value to people, thus generating a tangible impact and helping the communities served move towards a more equitable future in environmental, economic and social terms. The Hera Group’s sustainable growth is, in fact, the result of a business model that always considers the generation of value as the cornerstone of its relations with all stakeholders, from the local ecosystem and future generations to customers, shareholders, workers and suppliers. Sustainability and the creation of shared value therefore stand out as the Hera Group’s fundamental traits and define its underlying purpose, which was officially included in the Articles of Association two years ago. This made Hera one of the first companies in Italy to fully affirm its commitment to the energy transition and the circular economy, through innovation and digitalisation, as well as to promoting social equity. Sustainability at the heart of Hera’s strategies Ever since the Hera Group was founded, the full and deliberate integration of sustainability in its business strategies has been one of the key elements enabling it to meet all its challenges, because for Hera growth and sustainable development necessarily go hand in hand. This path has been built over time, starting from the Group’s corporate culture: in 2016 it was among the first companies to report shared-value Ebitda, which was later explicitly included in the Business plan and in the management incentive system. 20230614 Hera Group on Top 3 of IGI 2023.pdf 15:20:00 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

2023-05-04 The multi-utility’s 2022 Sustainability Report confirms its commitment to a just transition. Pursuing carbon neutrality, regenerating resources, enabling resilience and innovating remain the main levers for shared value. Reporting with clarity and transparency on the results achieved, sharing the challenging objectives on which corporate choices are based with stakeholders and, above all, striving to make people, needs and the enhancement of territories our focus: these criteria once again form the basis underpinning the Hera Group’s 2022 Sustainability Report. As in 2021, the document also includes a report on all activities in accordance with the EU taxonomy of environmentally sustainable activities, with particular reference to climate change mitigation and adaptation objectives. In total compliance with Brussels and the primary international policies, the multi-utility thus continues its path towards change, combining climate action and social inclusion, in the belief that no step forward can be sustainable unless it is fully endorsed by everyone. Creating value together with communities: over € 2.3 billion distributed in the serviced territories The Hera Group's sustainable growth is the result of a business model that continues to enhance people and support the communities it services towards a more just future in environmental, economic and social terms. Compared to 2021, total economic value for stakeholders rose to more than € 3 billion: this includes employees (601.1 million), shareholders (236.3 million), the public administration (151.8 million) and suppliers (approximately 1.4 billion). Over € 2.3 billion of this amount, or 76%, is distributed in the territories serviced, where the multi-utility guarantees service continuity and efficiency, with significant investments to innovate its infrastructure assets, which will be decisive in meeting climate challenges in coming years. Shared-value EBITDA also increased: € 670.6 million (+17%) Among the most significant achievements, the shared-value Gross Operating Margin (EBITDA) - i.e., referring to business activities generating environmental and social benefits in the three areas of carbon neutrality, the circular economy, resilience and innovation - rose to € 670.6 million (+17% compared to 2021) or 52% of total EBITDA, with an improvement across all target parameters. In other words, it means making what has been done even more sustainable and continuing to grow, evolving the business in the right direction. Despite the difficulties created by a complex international context and an unprecedented energy scenario, the growth in EBITDA in terms of shared value is thus confirmed in line with the trajectory outlined in the Business Plan, projecting it to 62% in 2026, to reach a target of 70% in 2030. Significant results for the Hera Group, which for the third year running, was also awarded the S&P Global Gold Class, the highest award for listed companies in the Dow Jones Sustainability Index, where the multi-utility had been confirmed last year as sector leader in the ESG (environmental, social and governance) dimensions. Pursuing carbon neutrality Transition and promoting energy efficiency continue to be at the heart of the Hera Group's strategies. This is the direction that is being pursued at a rapid pace for the commitment to increase sustainable sources of energy. One example is the production of biomethane from the organic fraction of waste, at the Sant'Agata Bolognese and Spilamberto plants (in partnership with the Cremonini Group's Inalca company): the Hera Group intends to almost quadruple this by 2030, to reach 30 million cubic metres per year. Furthermore, the multi-utility achieved 100 per cent renewable electricity to power internal consumption a year ahead of schedule. Other important initiatives include the development of hydrogen as an energy carrier and the production of energy from photovoltaics. The Group's objective is to have more than 90 MW of installed photovoltaic power by 2026, which, when added to the systems installed at customers' premises and the energy communities that Hera is helping to develop, will provide 150 MW. With regard to total greenhouse gas emissions, the multi-utility has already reduced these by 11.7%, compared to 2019, with a target of -37% by 2030; a target validated by the prestigious international network “Science Based Targets Initiative”. In addition, the ISO 50001 certification on energy management for 11 Group companies, where 96% of the multi-utility's energy consumption takes place, is also proof of the strong focus on energy efficiency in all activities carried out and in servicing apartment buildings, companies and the public administration. Regenerating resources and closing the circle The environment is another fundamental driver guiding the Hera Group's objectives and actions. The multi-utility has always worked to regenerate natural resources, promote their more sustainable use and close the circle on the circular economy. Local collections, collections from homes, and ecological stations are the cornerstones of its urban waste management system, which focuses increasingly on the recovery of materials: 57% waste recycling had already been achieved by 2022 in the territories serviced, exceeding the EU target for 2025. Aliplast recycled more than 79,000 tons of plastic, 33% more than in 2017, the year when the multi-utility signed its commitment to reduce plastic waste pollution, in the scope of the Ellen Mac Arthur Foundation initiative. The aim is to further increase these volumes to around 150,000 tons by 2030. The integrated and sustainable management of water resources follows the same approach. As Italy's second largest operator in the integrated water cycle, from abstraction to drinking water and distribution, from sewage systems to purification, the Hera Group bases its care of water on circular management. In addition to guaranteeing quality and consistently controlled tap water using a system based on excellence, it also promotes reuse. Examples of this are the important protocols signed with the Emilia-Romagna Region and the decontamination consortia, and the experimental project at the Cesena plant for re-using purified water for agriculture. A focus and the protection of water start by setting a good example: in 2022, the multi-utility recorded a 20.5% reduction in its internal consumption (about 315.1 million cubic metres saved since 2017), with a target of -25% by 2030. Enabling resilience and innovating Ensuring service continuity and the availability of resources means first and foremost, having intelligent installations and sensitive networks. The Hera Group is well aware of this, having made digitalisation and business innovation its strategic assets: last year alone, the multi-utility invested € 102.8 million in innovation. In the critical context of water availability, the water service has shown its resilience by ensuring service continuity (without rationing drinking water) in all territories, with interventions aimed at mitigating the risk of drought and also interventions on infrastructure, with the construction of new wells and reservoirs, aqueduct interconnections, and the upgrading of withdrawal points, including the upgrading of the Po river pumps in Ferrara: investments of € 30 million are planned for this type of intervention by 2026 in the Triveneto and Emilia-Romagna regions. Community resilience also means working to promote social inclusion and the creation of shared value in the communities serviced: purchases from local suppliers in the past year amounted to € 881 million (65% of the total). More specifically, value relating to social cooperatives amounted to over € 82 million (+14% compared to 2021) and enabled the employment of 899 disadvantaged persons, with a consequent benefit for the public administration that can be estimated at over € 3.8 million. Central to this is the support provided to households: in 2022, around 272,000 bills (+36% compared to 2021), worth € 354 million, were paid in instalments. The significant increase, both in terms of numbers and value, confirms the Group's commitment to allowing payments by instalments, which has been and continues to be at significant levels in recent years. In addition, there are 135 Municipalities that have signed a Memorandum of Understanding to avoid the suspension of supplies to households experiencing economic difficulties monitored by Social Services (26 more protocols signed in 2022 in Modena, Ferrara and Bologna). 20230504_Hera Group_Over € 2.3 billion for the territories in 2022.pdf 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

2023-04-21 Please note that the deed of execution dated April 13, 2023 relating to the issue by Hera S.p.A. of a 600 million euro Sustainability-linked Bond, 10 years, due 2033, is available to the public at its registered office, on the website https://eng.gruppohera.it/group_eng, and on the authorised storage mechanism 1INFO (www.1Info.it). Hera Group Documentation relating to the issue of a bond published.pdf 14:13:00 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

2023-04-06 Kindly note that the following documentation, pertaining to the Shareholders Meeting convened for 27 April 2023, is available to the public at the Company headquarters, on the authorised storage website 1INFO (www.1Info.it) and on Hera Group’s website (https://eng.gruppohera.it/group_eng/corporate-governance/shareholders-meetings): Report on the Remuneration Policy and the remuneration paid; Hera S.p.A. Board of Directors’ Explanatory Report regarding item 2 on the Agenda; Hera S.p.A. Board of Directors’ Explanatory Report regarding item 3 on the Agenda; Hera S.p.A. Board of Directors’ Explanatory Report regarding item 4 on the Agenda; Hera S.p.A. Board of Directors’ Explanatory Report regarding item 5 on the Agenda. 06042023 Pubblication of Remuneration Policy and explanatory reports.pdf 15:03:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg

2023-04-06 The minority lists containing candidates for the appointment of the Board of Directors and the Board of Statutory Auditors, accompanied by the respective documents required by current norms, registered within the deadline by shareholders in light of the Shareholders Meeting called for 27 April 2023, are available to the public at Group headquarters, in the dedicated section of the company’s website (https://eng.gruppohera.it/group_eng/corporate-governance/shareholders-meetings) and on the authorised storage mechanism 1info, which can be accessed at www.1Info.it. 06042023 Pubblication of minority lists of candidates.pdf 13:21:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg