Press releases

Following Ascopiave’s partial exercise of the put option, the Hera Group, through its subsidiary Hera Comm, now holds 75% of EstEnergy, the largest energy operator in North-Eastern Italy Nuova_Palazzina_110x150.1533218221.jpg This morning in Bologna, the Hera Group, acting through its subsidiary Hera Comm, and Ascopiave signed a deed of transfer from the latter of a 15% shareholding in EstEnergy, for a counter value of 137.5 million euro. EstEnergy is the commercial joint venture established in 2019 that with over one million customers is North-Eastern Italy’s largest energy operator. This operation results from a partial exercise of the put option held by Ascopiave on its shareholding in the company, as defined in the agreements signed between the parties when the partnership was created. An additional 8% shareholding in EstEnergy was transferred by Ascopiave to Hera Comm on 1 December 2022. As a result of today’s transaction, the Hera Group’s holding in EstEnergy rises to 75%, while Ascopiave’s falls to 25% of the share capital. The right to sell this shareholding remains unchanged, at the previously defined conditions, and the current governance rights are maintained. This transaction will allow the Ascopiave Group to improve the sustainability of its asset structure, consistently with the goals in its strategic plan, contributing to the financial coverage of medium-term investments in core and diversification activities. At the same time, the Hera Group will additionally reinforce its presence in the energy sector, where it is already the third-largest operator in Italy, with 3.8 million customers, to continue generating tangible benefits for customers and the served areas. This transaction, indeed, has made it possible to create new strategic synergies for developing value-added services and working towards decarbonisation and energy efficiency, significantly contributing to achieving the targets set out in Hera’s business plan, also in terms of environmental sustainability. See the press release 20231110_Ascopiave transfers EstEnergy shares to Hera Group.pdf 2023-11-10 11:01:00 Nuova_Palazzina_110x150.1533218221.jpg

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. Nuova_Palazzina_110x150.1533218221.jpg 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. See the press release 20231108_PR Hera Group 3Q 2023.pdf 2023-11-08 11:36:00 Nuova_Palazzina_110x150.1533218221.jpg

fibra carbonio_110.jpg The Hera Group, through its subsidiary Herambiente, and Leonardo, through its Aerostructures Division, will work together to research the recovery of carbon fibres in polymer matrix composite materials used in aircraft parts. Thanks to the innovative plant built in Emilia-Romagna by the multi-utility and the know-how developed in the Leonardo Group’s laboratories, the precious material will be recycled with positive spin-offs for sustainability and circularity. This marks the start of full-scale testing of a future industrial carbon fibre recovery activity in the aerospace sector using advanced technologies that permit its reuse as a secondary raw material. Through its academic and industrial partnerships, over the years, Leonardo has developed in-depth expertise in recycling materials and processes and, aided by the waste recycling expertise of Herambiente, Italy’s leading operator in the environmental sector, is engaged in closing a circular industry-wide supply chain in this strategic sector. Orazio Iacono, CEO of the Hera Group said: “This partnership, which is entirely consistent with the Hera Group’s goals of decarbonisation and development of the circular economy, is also strategically important in promoting short (reshoring) and circular supply chains in Italy and Europe. These pioneering projects call for alliances where each partner provides resources and expertise to assist in the green transition processes of many domestic industrial champions operating in different business sectors, such as aerospace, automotive, sailing and furniture, to name a few, and thus generate environmental, economic and social benefits for many supply chains.” Stefano Bortoli, Managing Director of Leonardo’s Aerostructures Division, said: “A partnership that not only seeks to recover and regenerate carbon fibre, but also focuses on innovation because it can consolidate and further develop know-how that will make the recycling of carbon fibre-reinforced composites even more efficient. Thanks to this agreement with Herambiente, Leonardo is even more committed to maintaining the circular value of waste, reducing the use of virgin raw materials and using recycled materials for internal applications, as laid out in the Group’s broader Sustainability strategy.” Technological research and innovation are the enabling factors for creating circular business models in line with the Leonardo Group’s sustainability strategy and international multilateral commitments. Circular models and practices are becoming increasingly key to competitiveness by supporting innovative processes and the ability to attract talent. The agreement is strategically significant since Europe is very much lacking in virgin carbon fibre production. Thus, developing supply chains capable of regenerating valuable resources locally will help support the process of European industrial self-sufficiency. Leonardo’s Aerostructures Division will give Herambiente some of the waste fibres from constructing the components of some of the best-known civil aircraft in the commercial aviation sector. To mention a few examples, the stabiliser of ATR turboprops, the fuselage and horizontal stabiliser of the Boeing 787 or, again, the tail planes of the Airbus A220. At the innovative plant under construction in Imola, near Bologna, Herambiente will subject this waste to pyro-gasification, and the (gasified) composite material resins will be separated from the carbon fibres using hot technology. This process, developed with the help of the Department of Industrial Chemistry of the University of Bologna and Curti SpA of Castelbolognese, near Ravenna, will regenerate fibre with performance comparable to new, also based on studies on the subject carried out by Leonardo. The Hera Group is one of Italy’s largest multi-utility companies, operating in the environment, energy and water sectors with more than 9,000 employees. It works daily to satisfy the multiple needs of around five million citizens located mainly in Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Marche, Tuscany and Abruzzo. Listed since 2003, it is one of the top 40 Italian companies in terms of capitalisation (it is listed on the FTSE MIB index) and has been on the Dow Jones Sustainability Index, World and Europe, since 2020. The subsidiary Herambiente is the leading operator in the waste treatment sector. With 100 certified, state-of-the-art plants, over 1,600 specialised operators and a dedicated sales structure, it operates on the national and international market, representing a European benchmark. For more information: https://eng.gruppohera.it/group_eng – https://ha.gruppohera.it/eng Head of Media Relations and Publishing, Hera Group Cecilia Bondioli: cecilia.bondioli@gruppohera.it – ufficiostampa@gruppohera.it, Ph.: +39 051287595 Leonardo is one of the leading Aerospace, Defence and Security (AD&S) industrial companies globally. With 51,000 employees worldwide, it operates in the Helicopters, Electronics, Aircraft, Cyber & Security and Space sectors. It partners in the industry’s most important international programmes, such as Eurofighter, NH-90, FREMM, GCAP and Eurodrone. Leonardo has significant production capabilities in Italy, the UK, Poland, the USA and Israel, operating through subsidiaries, joint ventures and participations, including Leonardo DRS (80.9%), MBDA (25%), ATR (50%), Hensoldt (25.1%), Telespazio (67%), Thales Alenia Space (33%) and Avio (29.6%). Listed on the Milan Stock Exchange (LDO), Leonardo recorded EUR 17.3 billion in new orders in 2022, with an order backlog of EUR 37.5 billion and consolidated revenues of EUR 14.7 billion. Included in the MIB ESG index, the company has been part of the Dow Jones Sustainability Indices (DJSI) since 2010. For more information: www.leonardo.com Press Office Ph.: +39 0632473313 leonardopressoffice@leonardo.com fibra carbonio_870.png See the press release PR Hera Group and Leonardo for carbon fibre recovery.pdf 2023-11-07 11:04:38 fibra carbonio_110.jpg

Thanks to a 28 million euro investment, the NewCo Biorg, born out of a partnership between Herambiente and Inalca, has created an outstanding example of the circular economy, converting an old biodigester into a state-of-the-art plant transforming organic and food processing waste into 100% renewable methane and compost. The 3.7 mcm of green gas and 18 thousand tonnes of compost produced per year represent a significant contribution to the green energy transition Biorg_CS_110.jpg The inauguration of the innovative biomethane production plant built by NewCo Biorg took place today in Spilamberto, in the province of Modena. This company is the result of a partnership between Herambiente (Hera Group), one of Italy’s largest multi-utilities and the foremost operator nationwide in the waste management sector, and the company Inalca (Cremonini Group), an Italian leader in meat production and food distribution. Thanks to an overall investment coming to approximately 28 million euro and the use of the best technologies currently available for treating sorted organic and food processing waste, when fully operational the plant produces 3.7 million cubic metres of biomethane, a 100% renewable fuel for automotive use, and roughly 18 thousand tonnes of compost every year. The ribbon-cutting ceremony was attended by the vice-president of the Emilia-Romagna Region with a mandate for the Environment, Irene Priolo, the Mayor of Spilamberto, Umberto Costantini, the Chairman and CEO of Biorg, Giovanni Sorlini and Paolo Cecchin, respectively, the CEO of the Hera Group, Orazio Iacono, and the CEO of Inalca, Paolo Boni. A state-of-the-art plant for the energy transition and the circular economy 100% renewable natural gas is produced at the Biorg plant in Spilamberto from both the anaerobic digestion of organic waste, coming from the sorted waste collection carried out mainly in Modena and the surrounding area, and waste from the processing carried out by the local agricultural industry and Inalca’s meat production process. Once refined, it becomes biomethane and can be injected into the gas network. Organic waste thus returns to the service of the community in the form of renewable fuel that, when injected into the network, fuels public and private city transport, thus helping a sector increasingly exposed to the issue of carbon dioxide emissions. The plant’s annual production, coming to 3.7 mcm of biomethane, is enough for a methane-powered car to travel 52 million km. The plant is therefore an excellent example of the circular economy, because it allows not only energy to be recovered, but materials as well. The waste coming out of the anaerobic digestion process, technically referred to as solid digestate, instead of being disposed of, is in fact recovered after being transported to the Biorg composting plant in Nonantola (Modena province), to produce compost that can be used as a biofertilizer in agriculture. This project is also an effective example of industrial synergy, with biomethane production and composting taking place in two perfectly complementary and integrated plants. Furthermore, it demonstrates that only innovation can generate competitive sustainability, not only reducing the environmental impact but at the same time creating added value for the entire livestock supply chain. Significant environmental benefits: approximately 7,000 tonnes of CO2 avoided every year Thanks to the biomethane injected into the grid and its use by motor vehicles, significant environmental benefits are also expected. Each year, approximately 3 thousand tonnes of oil equivalent (TOE) of fossil fuel will be saved, and approximately 7 thousand tonnes of CO2 emissions will be avoided. To absorb this amount of CO2, an average of 280 thousand trees would be needed. Moreover, constructing the Spilamberto plant did not involve any usage or consumption of new soil, since it is the result of the conversion of an old biodigester owned by the Municipality of Spilamberto and managed by Herambiente, thus making the most of a previously existing site. This amounts to zero square kilometres, but also “kilometre zero”, because the on-site production of compost creates added value for the entire livestock chain. Fertiliser deriving from recycled biodegradable waste and recovered food industry by-products, from the point of view of its production process and quality, guarantees equivalent or superior characteristics compared to fertiliser produced through other industrial processes, even when used in a pure form, and makes it possible to reduce dependence on foreign suppliers. Hera Group: a commitment to decarbonisation In order to formulate a concrete response and reduce climate-changing emissions, thus moving towards carbon neutrality, the Hera Group has included various development measures in its business plan to make an important contribution to the green transition and achieve its decarbonisation objectives. More specifically, the Group has reserved a key role for this sort of renewable fuel, and was in fact the first in Italy to build a state-of-the-art plant in Sant’Agata Bolognese, in 2018, for the production of biomethane from the organic portion of sorted waste collection. Approximately 20 thousand tonnes of compost and around 8 million cubic metres of biomethane are obtained annually, with a yearly saving coming to over 6 thousand tonnes of oil and a reduction in CO2 emissions amounting to roughly 14,600 tonnes. When fully operational, the capacity of the Spilamberto plant will result in a 48% increase in the amount of biomethane produced by the Group compared to the final figure for 2022 (7.7 million cubic metres produced in Sant’Agata Bolognese alone). At Group level, the goal is to increase biomethane production to 30 mcm per year by 2030. Inalca (Cremonini Group): integration and circular economy for sustainable business development Inalca has always adopted a pragmatic approach to sustainability issues, considering them as a strategic business asset and part of the company’s economic value, and has been able to create a fully integrated beef chain that includes breeding, processing and distribution. Its business model aims to fully exploit this supply chain on the basis of circular economy principles. The new biomethane production plant represents a further step in this direction and is an example of the company’s full local integration, in addition to achieving a complete valorisation of the by-products deriving from meat production activities. Through its partnership with the Hera Group, Inalca will also be able to rely on a further portion of organic fertilisers to improve the fertility of farmland and support the increasingly widespread adoption of regenerative farming techniques. Inalca, with the aim of decarbonising its activities, has for some time been self-producing approximately 90% of the energy it uses, about a quarter of which comes from renewable sources. This is possible thanks to 2 biomass cogeneration plants, 6 methane cogeneration plants, 2 biogas plants fuelled by industrial waste coming from its factories, 4 biogas plants from agricultural waste, over 22,120 photovoltaic panels installed on 13 factories, 1 biomethane plant and 1 composting plant. "In the 1990s the Municipality of Spilamberto started a plant that was necessary to dispose of sewage produced by intensive livestock farms which previously was spread across the land causing the poisoning of groundwater," - intervenes the Mayor of Spilamberto, Umberto Costantini. "Unfortunately, the plant never worked as imagined and this failure would therefore lead to a considerable waste of public money. However, thanks to Hera and the Cremonini Group, we have moved from a failure to a success story. Today Spilamberto is the best municipality in the province under Hera management in terms of quantity, quality and percentage of separate waste collection. The great effort in increasing separate waste collection made in recent years in Spilamberto and in many municipalities that have followed our example has led to a significant increase in the organic fraction of waste and the consequent need to treat it more virtuously than in the past. We are succeeding. The next challenges will be to focus on minimizing the odour impact resulting from these treatments for the benefit of those who live around it, but I am sure that Biorg will be as cooperative as it has been up to now in taking care of our plant and its surroundings. It's not enough to talk about circular economy, it has to be done, and here in Spilamberto I am happy to say that we are doing it." “The inauguration of the Spilamberto plant, born out of this partnership between Herambiente and Inalca, is a concrete example of the circular economy and environmental sustainability”, remarks the Vice-President of the Emilia-Romagna Region, Irene Priolo. “Biomethane provides an important opportunity to reduce the use of fossil fuels and alleviate the energy footprint of our region. The ecological conversion,” she continues, “requires a new model for development centred around a recognition of the enormous value of raw materials, which must be saved, and the importance of recovering waste and putting it at the core of new production processes. This is a fundamental turning point in establishing increasingly strong and effective actions to mitigate and adapt to climate change”. “This new plant intended for biomethane production, with an outstanding partner such as Inalca, represents a significant achievement for the circular economy and an additional step forward for us in producing biomethane on an industrial scale”, states Hera Group CEO Orazio Iacono. “The challenges of the future require utilities like ourselves to make an increasingly decisive commitment, which we intend to translate into concrete projects through investments that allow us to accompany citizens, businesses and public administrations along the green transition and, in this case, the environmental transition, with an increasingly well-distributed and inclusive model for the development of the social and industrial fabric. We must move forward without hesitation by transparently addressing the challenges posed by climate change and energy security, which are the crucial issues underlying our multi-business strategies. That is why we have also included in our business plana range of solutions for promoting renewable energy sources, energy efficiency, circular economy and infrastructure innovation.” “The construction of this plant, in partnership with a company such as Hera, equipped with significant know-how and advanced technology, represents an important step towards consolidating and strengthening Inalca’s integrated and sustainable production model”, explains Paolo Boni, the company’s CEO. “This new plant, in fact, makes it possible to fully valorise processing waste deriving from our production activities and is an additional step forward in the circular economy process. Furthermore, an effective industrial synergy being created with the production of biomethane and composting in two plants that perfectly complement each other, demonstrating that by efficiently combining innovation and integration processes, we can increase our level of sustainability and reduce environmental impacts, while at the same time ensuring greater value for the livestock business. Lastly, this model for partnership is consistent with Inalca’s investment strategy, aimed at building additional biomethane and photovoltaic plants on its farms, increasing its production of renewable energy and its commitment to combating climate change”. Biorg_CS_870.jpg See the press release 20231019_Inauguration of Biorg production plant.pdf 2023-10-19 14:05:00 Biorg_CS_110.jpg

(drafted pursuant to article 85-bis, paragraph 4-bis, of Consob Regulation 11971 / 14 May 1999) Nuova_Palazzina_110x150.1533218221.jpg Bologna, 3 October 2023 - The following table contains the data concerning the shares outstanding and the number of voting rights representing the share capital as at 30 September 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 2,229,225,313 1,489,538,745 2,229,220,858 Ordinary of shares (regular dividend rights: 01.01.2023) - cod. ISIN IT0001250932 Current coupon: n. 22 749,852,117 749,852,177 749,856,632 749,856,632 Ordinary of shares (regular dividend rights: 01.01.2023) - cod. ISIN IT0005159972 Current coupon: n. 22 739,686.568 1,479,373,136 739,682,113 1,479,364,226 See the press release 10_2023_Communication overall amount of voting rights art 85-bis.pdf 2023-10-03 12:10:00 Nuova_Palazzina_1_110x150_s1.jpg

Nuova_Palazzina_110x150.1533218221.jpg 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). See the press release 20230927 Appointment by co-optation of new BoD member.pdf 2023-09-27 12:44:00 Nuova_Palazzina_110x150.1533218221.jpg

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 ASCO TLC - ACANTHO 110.png 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. See the press release 20230927 MERGER OF ASCO TLC INTO ACANTHO.pdf 2023-09-27 12:25:00 ASCO TLC - ACANTHO 110.png

Nuova_Palazzina_110x150.1533218221.jpg 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 See the press release 08_2023_Communication overall amount of voting rights art 85 bis.pdf 2023-08-02 14:31:00 Nuova_Palazzina_110x150.1533218221.jpg

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. Nuova_Palazzina_110x150.1533218221.jpg 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. See the press release 20230727_Merger ASCO TLC into Acantho.pdf 2023-07-27 17:30:00 Nuova_Palazzina_110x150.1533218221.jpg

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. Nuova_Palazzina_110x150.1533218221.jpg 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. See the press release Press release H1 2023.pdf 2023-07-26 13:13:00 Nuova_Palazzina_110x150.1533218221.jpg

Nuova_Palazzina_110x150.1533218221.jpg 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 See the press release 20230713 Pr EIB provides €460 million to Hera Group to boost the green transition.pdf 2023-07-17 11:40:00 Nuova_Palazzina_110x150.1533218221.jpg

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. Nuova_Palazzina_110x150.1533218221.jpg 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.” See the press release 20230706_Hera Group acquires Tiepolo to build photovoltaic power station.pdf 2023-07-06 10:58:00 Nuova_Palazzina_110x150.1533218221.jpg

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. Nuova_Palazzina_110x150.1533218221.jpg 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.” See the press release 20230629_Strengthen renewables with Fratelli Franchini partnership.pdf 2023-06-29 12:29:00 Nuova_Palazzina_110x150.1533218221.jpg

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. Nuova_Palazzina_110x150.1533218221.jpg Also note that to the Company’s knowledge, Mr. Minganti holds 6,700 Hera S.p.A. shares. See the press release 20230615 Resignation of a member of the Board of Directors.pdf 2023-06-15 18:29:00 Nuova_Palazzina_110x150.1533218221.jpg

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. Nuova_Palazzina_110x150.1533218221.jpg 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. See the press release 20230614 Hera Group on Top 3 of IGI 2023.pdf 2023-06-14 15:20:00 Nuova_Palazzina_110x150.1533218221.jpg

Nuova_Palazzina_110x150.1533218221.jpg 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. See the press release 20230515 Minutes of AMG 2023 have been published.pdf 2023-05-15 10:59:00 Nuova_Palazzina_110x150.1533218221.jpg

Nuova_Palazzina_110x150.1533218221.jpg 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. See the press release 20230510 Pr Independence for directors and statutory auditors and internal committees of Hera Group.pdf 2023-05-10 15:02:00 Nuova_Palazzina_110x150.1533218221.jpg

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. cover_BS_2022_110x150.jpg 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 See the press release 20230510 Hera Group 1Q2023 results.pdf 2023-05-10 12:27:00 cover_BS_2022_110x150.jpg

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. cover_BS_2022_110x150.jpg 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). See the press release 20230504_Hera Group_Over € 2.3 billion for the territories in 2022.pdf 2023-05-04 cover_BS_2022_110x150.jpg

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. Nuova_Palazzina_110x150.1533218221.jpg 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. See the press release PR Hera Shareholders Meeting.pdf 2023-04-27 16:13:00 Nuova_Palazzina_110x150.1533218221.jpg

Nuova_Palazzina_110x150.1533218221.jpg 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). See the press release Hera Group Documentation relating to the issue of a bond published.pdf 2023-04-21 14:13:00 Nuova_Palazzina_110x150.1533218221.jpg

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. Nuova_Palazzina_110x150.1533218221.jpg 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. See the press release GruppoHera - 2° sustainability-linked bond and revolving credit line.pdf 2023-04-14 07:31:00 Nuova_Palazzina_110x150.1533218221.jpg

Nuova_Palazzina_110x150.1533218221.jpg 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. See the press release 20230412_Update and increase of the EMTN Programme.pdf 2023-04-12 17:37:00 Nuova_Palazzina_110x150.1533218221.jpg

Nuova_Palazzina_110x150.1533218221.jpg 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. See the press release 06042023 Pubblication of Remuneration Policy and explanatory reports.pdf 2023-04-06 15:03:00 Nuova_Palazzina_110x150.1533218221.jpg

Nuova_Palazzina_110x150.1533218221.jpg 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. See the press release 06042023 Pubblication of minority lists of candidates.pdf 2023-04-06 13:21:00 Nuova_Palazzina_110x150.1533218221.jpg

Nuova_Palazzina_110x150.1533218221.jpg Bologna, 6 April 2023 – The following table contains the data concerning the shares outstanding and the number of voting rights representing the share capital as at 31 March 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 2,229,286,858 1,489,538,745 2,229,351,858 Ordinary shares (regular dividend rights: 01.01.2022) – cod. ISIN IT0001250932 Current coupon: n. 21 749,790,632 749,790,632 749,725,632 749,725,632 Ordinary shares with increased voting rights (regular dividend rights: 01.01.2022) – cod. ISIN IT0005159972 Current coupon: n. 21 739,748,113 1,479,496,226 739,813,113 1;479,626,226 See the press release 04_2023 Communication-overall-amount-of-voting-rights-art-85-bis.pdf 2023-04-06 09:42:00 Nuova_Palazzina_110x150.1533218221.jpg

Nuova_Palazzina_110x150.1533218221.jpg 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. See the press release 20230405 Press release Financial Statements-DNF FY22.pdf 2023-04-05 17:04:00 Nuova_Palazzina_110x150.1533218221.jpg

The regional government has awarded funding for 19.5 million euros for the development of a hub that will produce up to 400 tonnes of hydrogen per year from water and renewable energy Hera, as the lead company, and Snam's joint investment amounts to 20.8 million euros Nuova_Palazzina_110x150.1533218221.jpg Bologna/San Donato Milanese (Milan), April 3rd, 2023 - Hera and Snam's joint project for the development of a green hydrogen production hub in the municipality of Modena has obtained 19.5 million euros in funding from the Regional Council of Emilia Romagna, which were allocated as part of the National Recovery and Resilience Plan (NRRP). The hub will be built in a disused industrial area - as prescribed in the call for tenders - an exhausted landfill site in via Caruso in Modena, without any consumption of useful land. More specifically, the area will host a 6 MW photovoltaic farm connected to an electrolyser - a device designed to extract hydrogen from water through the process of electrolysis - that will produce up to 400 tonnes of hydrogen each year using the electricity provided by the photovoltaic farm. In order to be able to power the electrolyser also at night, the hub will be equipped with a battery to store the electricity. The total investment for these activities is expected to amount to 20.8 million euros. Orazio Iacono, CEO of the Hera Group, said: “This first yet important step in the development of the green hydrogen value chain sees our Group laying the foundations to become a major player in the sector. This project shows Hera’s commitment in building partnerships with companies and communities in their path towards the energy transition thereby creating a positive impact on the environment, the economy and the local areas. We are aware that to cope with the emergency related to climate change as well as the energy transition, it is of paramount importance to work as an echo system, sharing the many resources and know-how the Hera Group alongside the different players of the served areas are able to carry out." “For Snam, IdrogeMO is the first Hydrogen Valley project dedicated to industrial applications and the transport of hydrogen, which is one of the EU's main energy transition goals.” – Stefano Venier, CEO of Snam commented. “This initiative to which we will contribute with managing the hydrogen production facilities, enjoys the support of Emilia Romagna, one of the country's key regions in industrial terms, together with a local partner like Hera. The impetus to develop Hydrogen Valleys also represents a first step towards building corridors for the transport of green molecules that place Italy at the centre of one of the hydrogen highways as outlined in RePower EU. Snam's commitment to a carbon-neutral future is one of the cornerstones of our 2022-2026 strategic plan, where we have allocated 1 billion euros to build a platform dedicated to decarbonisation." “A wonderful project that takes up the energy challenge of the Emilia-Romagna region,” commented Regional Councillor for Economic Development and Green economy Vincenzo Colla. “We look to hydrogen as the clean energy vector of the future. The hydrogen economy has an important place in the energy transition, in that combination of different sources that must lead us to the ultimate goal of decarbonisation.” The two companies will play a distinct but interconnected role in the building of the hub: Hera SpA will be the lead company, Herambiente will be in charge of building the photovoltaic system, and Snam will deal with the building of the hydrogen production plant. By implementing the IdrogeMO project, Hera Group and Snam will make a tangible contribution to carbon neutrality in the region of Emilia Romagna. It is expected that part of the hydrogen produced will serve to supply local public transport companies with fuel for vehicles powered by green molecules. A part of it will instead be used by the local industrial sector for the decarbonisation of its processes. See the press release PR_IdrogeMO_Snam and Hera.pdf 2023-04-03 14:34:00 Nuova_Palazzina_110x150.1533218221.jpg

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. Nuova_Palazzina_110x150.1533218221.jpg 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. See the press release Press release FY 2022.pdf 2023-03-21 14:07:00 Nuova_Palazzina_110x150.1533218221.jpg

The transaction represents a strategic step in the business portfolio evolution of both the groups in the IT-TLC sector, in line with their respective industrial plans. Nuova_Palazzina_110x150.1533218221.jpg Today, the Hera Group, through its subsidiary Acantho, and the Ascopiave Group finalised the acquisition of 92% of the shares of Asco TLC at the headquarters of Asco Holding in Pieve di Soligo (TV), with stakes of 36.8% and 55.2% respectively. The closing follows the award, at the end of November 2022, of the public tender procedure called by Asco Holding for the sale of 92% of the shares of Asco TLC, held by Asco Holding itself and by the Treviso-Belluno Chamber of Commerce, and the subsequent signing on 29 December 2022 of the related contract documentation between the Hera Group and the Ascopiave Group. The cash-settled acquisition price is EUR 37.2 million. Asco TLC, a company that has been 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 over 2,200 km of fibre optic backbone infrastructure, 56 radio links and 24 xDSL exchanges in unbundling, and provides its services to more than 2,700 customers. For the two groups, the transaction represents a strategic step in the evolution of the business portfolio in the IT-TLC sectors, in line with their respective industrial plans. Moreover, it is the first step of a broader operation that would lead, through the merger of Asco TLC into Acantho, to the birth of a multi-regional operator with significant operational synergies compared to the stand-alone companies, and benefits for customers as well. "The partnership with Ascopiave in Asco TLC is part of Hera Group's broader development mission, whose goal is to provide its customers with increasingly efficient, innovative and competitive solutions in terms of both costs and sustainability. Thanks to Asco TLC's infrastructure assets, we anticipate an expansion of the Group's services and new synergies in the information technology and telecommunications field. This is a very strategic area for the country's innovation, because IT-TLC is crucial for the competitiveness of companies. It is, however, a sector that calls for continuous investment. On these grounds, we have envisaged significant investments in digitalisation in our industrial plan to 2026, to ensure ever greater excellence in the services provided, thanks also to the development and use of artificial intelligence, data analytics and process digitalisation," said Donato Rocchi, Chief Executive Officer of Acantho, the digital company of the Hera Group. “The partnership with the Hera Group, thanks to the potential industrial synergies, will allow Asco TLC to strengthen its position in an increasingly competitive market, improving its offer in favour of local authorities, businesses and users", said Nicola Cecconato, Chairman and Chief Executive Officer of Ascopiave. See the press release 20230314 Hera Group & Ascopiave closing Asco TLC.pdf 2023-03-14 11:51:00 Nuova_Palazzina_110x150.1533218221.jpg

The recognition came today in Milan, during the eleventh edition of the Prize that analyses and valorises the performance of the most important Italian companies in the utility sector. Nuova_Palazzina_110x150.1533218221.jpg The Hera Group, one of Italy’s leading multi-utility companies with over 9,000 employees, has always focused on developing its personnel and considered training as a key element. This commitment has now earned the Group first place in the “Training” category of the eleventh edition of the Top Utility award, which each year analyses and valorises the evolution and performance of the 100 largest utilities operating in Italy in the electricity, gas, water and waste management sectors. Hera received the Top Utility Training prize “for the completeness of its training programmes in terms of topics covered and duration, as well as for the attention given to employees’ needs for in-depth training, based on their different characteristics and tasks”. The award ceremony was held today in Milan, during the Top Utility Analysis conference entitled “Global Challenges, Local Responses”. Training and developing skills, to rise to future challenges Hera continues to show its extensive and concrete commitment to corporate training and people development policies, which are one of the Group’s cornerstones. In 2022 alone, 97% of Hera’s workforce, including the most operational part, was involved in courses totalling over 270 thousand hours, equivalent to roughly 30 hours of training per capita, well above the sector average. The Group guides its choices with an eye to the future, not only in terms of professional growth and skills development, but also with a view to acquiring talented people who can make a contribution to meeting tomorrow’s challenges, first and foremost the energy and environmental transition. One key element in this area continues to be the Group’s corporate university, HerAcademy, founded in 2011 with the purpose of generating new knowledge and responding to trends seen in the context, including debate on current issues and collaborations with leading national and international institutions. “For the Hera Group, investment in training and people development has always been fundamental to guaranteeing the maximum efficiency and quality of the services offered in the areas served”, comments Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group. “People are one of our company’s main resources and our attention towards them is reflected in the quality of their work and in opportunities for growth, with individual internal career paths and development opportunities. We aim to give full value to talent and always seek to acquire new people with skills ranging from the technical-operational sphere to topics such as ethical values and corporate culture, quality, safety and the environment, and of course digitalisation.” The Hera Group’s good practices rewarded once again Throughout the history of this award, the Hera Group has been rewarded with many recognitions: in addition to winning as Overall Top Utility in 2012 and 2022, Hera was awarded in 2014 and 2019 in the communication category, in 2015 and 2018 in the sustainability category and in 2021 in that for gender equality and diversity and inclusion policies. See the press release 20230309_Top Utility Award 2023.pdf 2023-03-09 12:31:00 Nuova_Palazzina_110x150.1533218221.jpg

Nuova_Palazzina_110x150.1533218221.jpg The majority lists of candidates for the appointment of the Board of Directors and the Board of Statutory Auditors, accompanied by the relevant documentation required by the regulations in force, registered within the deadline by shareholders in light of the Shareholders Meeting called for 27 April 2023, are available to the public at Group’s headquarters, in the dedicated section of the company’s website (https://eng.gruppohera.it/group/corporate_governance/shareholders_meetings/) and on the authorised storage mechanism 1INFO, which can be accessed at www.1Info.it. See the press release 08032023 Majority lists published.pdf 2023-03-08 12:56:00 Nuova_Palazzina_110x150.1533218221.jpg

With reference to the binding agreement signed on 7 November 2022, the partnership was finalised today between Hera and ACR, one of Italy’s leading companies in the sector of contaminated site remediation, industrial waste treatment, plant decommissioning and, more generally, on-site management for leading Italian oil & gas customers. The Hera Group expects this transaction to contribute with approximately 20 million euro to growth in its consolidated Ebitda. Nuova_Palazzina_110x150.1533218221.jpg This morning, at the Hera Group’s Bologna headquarters, the Group, acting through its subsidiary Herambiente Servizi Industriali (HASI), and A.C.R. di Reggiani Albertino S.p.A.® (ACR), based in Mirandola, in Modena area, finalised a transaction creating the Italy’s largest operator in the environmental remediation and industrial waste global service sector, with a nationwide service's coverage. The closing follows up on the binding agreement signed by the two parties on 7 November 2022, with which Hera acquired 60% of ACR, while some remediation and global service activities previously held by HASI were transferred to the new company. The remaining 40% remains controlled by the Reggiani family. Today also saw the appointment of the Board of Directors of the new ACR, whose CEOs remain the brothers Alberto and Claudio Reggiani. This partnership with an important operator both locally and on the national scene will enable Hera, already a leader in the waste management sector, to further strengthen its leadership in the field of remediation, industrial waste treatment, decommissioning and oil & gas-related civil works. The contribution to growth in the Hera Group’s consolidated Ebitda is expected at approximately 20 million euro. The details of the partnership The new ACR has many strengths, being able to provide a highly performing and widespread service, particularly to companies having large industrial plants who need a qualified operator with infrastructures and expertise in the field of remediation and waste management. The new company established today combines, in fact, Hera’s consolidated multi-business strategy and innovative set of plants with ACR’s experience, gained over 45 years of activity. The Hera Group currently manages over one hundred certified, state-of-the-art plants, capable of treating all types of waste (municipal, industrial and liquid and solid) and employing 1,600 specialised operators. Through its subsidiary HASI, it treats 1.3 million tonnes of industrial waste every year in 18 multi-purpose sites. ACR, instead, can boast a high operational capacity, time to market in services, a considerable set of machinery and equipment, over 450 employees, approximately ten operating sites in Italy, more than 100 active reclamation sites, and, among its customers, the major players in the oil & gas sector. “For the Hera Group, investing in an important operator based in Emilia such as ACR is perfectly in line with our strategic guidelines. With the Group’s activities, we aim to guarantee positive returns and economic benefits for the areas served. Moreover, in full continuity with the transactions completed in recent years”, states the Hera Group’s Executive Chairman, Tomaso Tommasi di Vignano, “this partnership with ACR allows us to strengthen our waste management services intended for large companies, expanding operational and plant capacity and expanding our presence in the country. In a complex scenario, characterised by infrastructural shortcomings and a high level of sector fragmentation, companies now require integrated management services for their industrial waste. Thanks to our many years of experience, state-of-the-art facilities and highly specialised personnel, we are able to support companies with turnkey proposals and high quality and safety standards. Advanced in terms of the circular economy as well, we are able to make their processes more efficient and virtuous and help them achieve concrete, measurable and increasingly challenging sustainability goals. The synergies resulting from transactions such as this one will therefore bring concrete benefits for all our business customers and will also generate positive repercussions for the local areas served”. “We are pleased to become part of a company such as the Hera Group, one of Italy’s largest multi-utility organisations that has always maintained strong roots in the local area”, comment the brothers Alberto and Claudio Reggiani, CEOs of A.C.R. di Reggiani Albertino S.p.A.® “We and our employees see this partnership as a fundamental step for our company’s growth, which will allow us both to strengthen our presence in the core business of reclamation and to enter the world of global service. With this operation we will enhance, indeed, our activities in the waste management sector, integrating all the necessary and fundamental skills to be counted among the most important players nationwide in these fields”. See the press release 20230308 closing ACR.pdf 2023-03-08 12:06:00 Nuova_Palazzina_110x150.1533218221.jpg

Nuova_Palazzina_110x150.1533218221.jpg Hera S.p.A.’s Public shareholders syndicate committee met today and approved the lists of candidates for the position of members of the Board of Directors and the Board of Statutory Auditors for the next three years, who will be proposed for appointment at the Shareholders Meeting held on 27 April 2023. In accordance with regulations, the lists will be made public by 6 April 2023. The Committee, noting that the Executive Chairman of the Hera Group, Tomaso Tommasi di Vignano, believes that he has fulfilled his mandate, which expires on the date of the upcoming Shareholders Meeting, wishes to thank him for his fundamental contribution to the growth of the company, which he has led for over twenty years. “Our deepest gratitude goes to Tomaso Tommasi di Vignano”, states the Public shareholders syndicate committee, “for accepting, since 2002, to lead the company, developing and consolidating it, and ultimately making it one of the most important multi-utility companies in the country, while maintaining the Group’s strong local roots. As is shown by the remarkable and significant results achieved over these twenty years, placing our trust in him for such a long time was the right choice. We consider the value created by this company, in terms of investments, innovation, employment, entrepreneurial and cultural development, to be particularly important for our local areas. Combining corporate growth and sustainable development, creating ever more value to be shared with stakeholders, and contributing to improving the quality of life in the localities where the Group operates, is the winning model achieved by Tommasi, and we will continue to follow it over time”. With reference to the Shareholders' Meeting of next April 27, the Syndicate committee indicated Cristian Fabbri, Hera’s current Central Market Director and CEO of the subsidiary Hera Comm, for the role of Executive Chairman, thus enhancing the internal growth of a high-level manager who has been with Hera since 2006. Orazio Iacono and Gabriele Giacobazzi, who already hold these roles in the company, were indicated for the roles of CEO and Vice Chairman of Hera. See the press release 20230302 press release shareholders syndicate committee.pdf 2023-03-02 16:16:00 Nuova_Palazzina_110x150.1533218221.jpg

Nuova_Palazzina_110x150.1533218221.jpg The Executive Chairman of the Hera Group, Tomaso Tommasi di Vignano, after more than twenty years at the head of the company, believes that he has fulfilled his mandate, which expires on 27 April 2023, the date on which the Shareholders Meeting has been called. “I am proud to have contributed to the history of the Hera Group”, states Chairman Tomaso Tommasi di Vignano, “and, working with a top-class management team, to have combined corporate growth with sustainable development. We have created an innovative model that remains ahead of its time, aimed at creating ever more value for our stakeholders and making the areas served increasingly competitive. I therefore wish Cristian Fabbri the best of luck with the important position he will soon cover, after the Shareholders Meeting held on 27 April. It provides recognition for the excellent work he has been doing within the Hera Group since 2006, and I am certain that he will continue to contribute to the company’s development and will also be able to turn future challenges into opportunities”. Tomaso Tommasi di Vignano has been Chairman of the Group since November 2002, and oversaw its initial public offering in June 2003. His guidance has been fundamental in realising the far-sighted vision of the Hera Group’s founding public shareholders, and with his know-how and undisputable management skills, he has helped to guide the company along a path of development and success that has made it one of the most important multi-utility companies nationwide, consolidating its leadership in the sectors in which it operates. This path of uninterrupted growth was crowned in 2019, when Hera was included in the FTSE MIB among the 40 largest companies on the Italian stock exchange, and in 2020, when it was included in the prestigious international Dow Jones Sustainability Index. For more than twenty years, the Group has been committed to creating value for all stakeholders and, thanks to its solid corporate governance, it has confirmed itself over time as a reference point for the areas served and a highly reliable systemic operator. As evidence of its steady growth, it is worth recalling that since 2002 the Group’s workforce has more than doubled (from 4,200 to over 9,300 employees), as has the number of citizens served (from 2 million to over 4.2 million) and EBITDA has increased six-fold, from 192 million to almost 1.3 billion euro. In twenty years, the significant investments made, totalling approximately 8 billion euro, and the more than 50 mergers and acquisitions carried out, have enabled the company to achieve significant synergies and expand its scope of activity. This has produced a growing economic impact on the areas served and has created value for all stakeholders, from employees, customers and suppliers to the Group’s shareholders, who have received dividends totalling more than 2 billion euro over the years. See the press release 20230302 Statement Executive Chairman Hera Group.pdf 2023-03-02 16:07:00 Nuova_Palazzina_110x150.1533218221.jpg

Nuova_Palazzina_110x150.1533218221.jpg 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) Hera S.p.A. Board of Directors’ Explanatory Report regarding items 6, 7, 8 and 9 on the agenda See the press release 23022023 Publication of documents pertaining to the Shareholders Meeting of 27 April 2023.pdf 2023-02-23 09:32:00 Nuova_Palazzina_110x150.1533218221.jpg

Nuova_Palazzina_110x150.1533218221.jpg Please note that the document entitled “Guidance from the Board of Directors of Hera S.p.A. to shareholders on the composition of the Board of Directors” was published today and is available on the Company’s website at the page: https://eng.gruppohera.it/group_eng/corporate-governance/shareholders-meetings and on the authorised storage platform 1INFO (www.1Info.it) See the press release 20230210 PR Guidance from the BoD of Hera S.p.A. to shareholders on the composition of the BoD.pdf 2023-02-10 16:54:00 Nuova_Palazzina_110x150.1533218221.jpg

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. Nuova_Palazzina_110x150.1533218221.jpg 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. See the press release PR HERA Business Plan to 2026 .pdf 2023-02-08 15:00:00 Nuova_Palazzina_110x150.1533218221.jpg

This year, once again, Hera has received the Gold Class from the rating agency responsible for the Sustainability Awards. This important recognition highlights the Group’s ability to safeguard resources and create value for its stakeholders. Nuova_Palazzina_110x150.1533218221.jpg With the publication of the 2023 Sustainability Yearbook – the report containing the analyses carried out to gain access the Dow Jones Sustainability Index (DJSI) – the Hera Group has been awarded S&P Global’s Gold Class for the third consecutive year. This is the highest recognition for companies listed in the Dow Jones Sustainability Index, in which the Group confirmed its position as sector leader for the 3rd year in a row. In the most recent edition of the authoritative DJSI international stock market index, which evaluates listed companies on the basis of ESG factors, Hera ranked first internationally in its sector (Multi-utility & Water), with a score of 90/100 compared to a sector average of 34/100, calculated based on the three areas analysed: Environment, Social and Governance. A focus on sustainable development and creating value for the areas and communities served is a commitment and a responsibility that the Hera Group has taken on since it was established in 2002, with the aim of guaranteeing quality and continuity in essential services for citizens and return value to all stakeholders. The Group’s approach to sustainability, its mission and its purpose – which in 2021 became an integral part of its Articles of Association – indicate the direction in which Hera intends to continue, in line with the objectives of the United Nations 2030 agenda and with the creation of shared value in three main areas: energy, environment, local areas (and enterprises). From reducing climate-changing emissions to promoting renewable energy, without forgetting the sustainable use of water resources, the circular economy and plastics recycling, as well as protocols on human rights, diversity and inclusion: for the Hera Group, economic growth and sustainable development go hand in hand, to encourage a just transition and accompany the areas served along the path to responsible and valuable change. The S&P Global Sustainability Yearbook 2023 gold class comes alongside other recent awards that the Hera Group has received for its labour policies and diversity enhancement, including Top Employer certification and inclusion in the Bloomberg Gender Equality Index. See the press release 20230207 cs_Hera awarded 2023 Sustainability Gold Class by S&P Global.pdf 2023-02-07 14:50:00 Nuova_Palazzina_110x150.1533218221.jpg

Hera has been included for the fourth year in a row in the international index that assesses outstanding companies for their policies relating to gender equality, diversity and inclusion. Nuova_Palazzina_110x150.1533218221.jpg Always concerned with implementing policies concerning gender equality and enhancing diversity in the workplace, in 2023 as well the Hera Group has been counted among the most inclusive companies worldwide. Today, only a few weeks after being granted its 14th Top Employers certification for outstanding human resource management, the Group was confirmed – for the fourth consecutive year – as part of the Bloomberg Gender-Equality Index, which analyses the performance of companies engaged in supporting gender equality by developing dedicated active policies and transparency in communicating information. In the 2023 edition, which includes 484 listed companies, based in over 45 countries, selected out of more than 11,700 businesses, Hera confirmed its results in all areas under analysis with an overall score of 80.1%, above the Italian average (78.27%). The Group stood out in particular for equal pay, an inclusive culture and harassment prevention. This important result confirms the Hera Group’s desire to keep valorising the uniqueness of people in a working context highly exposed to change, constantly committing itself to promoting and creating fair and inclusive workplaces, thanks to the development of dedicated policies and projects. This path stretches quite far into the past and has been enriched over time, starting with the signing of the Charter for equal opportunities and equality in the workplace in 2009 and the introduction – as early as 2011 – of the figure of the Diversity Manager who undertakes to promote the enhancement of diversity inside and outside the company, with dedicated awareness-raising initiatives. As further proof of the attention the Group pays to diversity enhancement policies, it has been included for some time in the Refinitiv “Diversity & Inclusion Index” and, boasting a position of global leadership in its sector, in the Dow Jones Sustainability Index, World and Europe. See the press release 20230131_Hera Group in the 2023 Bloomberg Gender-Equality Index.pdf 2023-01-31 13:21:00 Nuova_Palazzina_110x150.1533218221.jpg