Press releases

Yet another recognition for the Group in this area. This prize, which analyses and valorises the best performances of Italy’s public service companies, was awarded today during the digital conference for its ninth edition Attention towards gender equality, care given to diversity and inclusion: these issues are at the centre of the Hera Group’s strategies and corporate culture. This has been recognised among others by Top Utility, which today, during its digital conference, awarded to the Group first place in the Diversity category “for its efforts in making policies favouring diversity, inclusion and social responsibility”. Currently at its ninth edition, Top Utility analyses and valorises the changes made and performance shown by Italy’s 100 largest utilities on a yearly basis. Ranking as Top Utility in the Diversity category comes as recognition for the numerous initiatives introduced by the Hera Group, applied not only to its corporate culture but also to the management and development of its human resources. One example lies in the meritocratic systems planned and measured to be concrete applied, with compensation tools and benefits focused on performance, complexity in professional roles and market comparisons, regardless of characteristics involving gender or generation. The ensuing career paths see a growing percentage of women in roles of responsibility, now coming to roughly 30%. The attention given to these issues and the approach taken towards them by businesses is, furthermore, increasingly important for the international financial community, with investors showing growing interest towards listed companies with excellent policies in this area. For this reason as well, Hera has integrated these aspects within its Business plan, and provides transparent information on them each year in its sustainability report. “We are committed to making the Hera Group a place where everyone can feel ‘well’ and included”, remarks Susanna Zucchelli, Diversity Manager and Water Director at Hera. “A place where everyone knows they can make their own contribution to important projects that enrich the communities served, aiming at quality and favouring collaboration and communication. This is a company to which younger generations as well can look with interest as regards their future career. Receiving these recognitions gratifies us, motivates us and encourages us to do even better, to make our company a truly enabling party, developing and integrating these issues within the social fabric.” Hera’s leadership has also been recognised by other important awards. First and foremost, the Top Employer certification, achieved for the 12th consecutive year, confirming in 2021 as well the Hera Group’s top ranking overall in Italy. For years, furthermore, Hera has been included in the Bloomberg Gender-Equality Index and is among the leading companies in the Refinitiv Diversity & Inclusion Index. Press release Top Utility 2021.pdf 2021-02-24 11:53:25 Top Utility Analysis Top Utility Analysis 2020-04-29

Snam and Hera announce that they have signed a Letter of Intent for a technological collaboration aimed at developing hydrogen, for their own areas of activity respectively. The aim is to test and subsequently implement a number of solutions able to respond to the decarbonisation needs of the Emilia-Romagna region in a cross-cutting manner, from production to mobility to individual citizens. This agreement will also contribute to promote the development of renewable energies in Italy, in line with the guidelines set out by the European Union. The accord involves several areas of action, starting from the collaboration on power-to-gas technology. Specifically, an innovative plant is at an advanced stage of design at the Bologna Corticella multi-utility treatment plant, which will transform excess renewable electricity into “green” hydrogen to be injected into the networks by exploiting purified water and returning oxygen, biogas and sludge to the water purification process, thus obtaining a mutually beneficial “symbiosis” between the two plants, with an additional environmental benefit. In the industrial field, the two companies will also study the application of hydrogen for thermal uses in the most energy-intensive sectors and with processes that are difficult to electrify. Other options under study include the creation of plants to extract green hydrogen from water, using the renewable energy generated by the Hera Group’s waste-to-energy plants, with the aim of contributing to the decarbonisation of industrial sectors such as the production of fertilisers and fuels. Finally, the Letter of Intent provides for a possible joint experimentation of injecting a mixture of natural gas and hydrogen into a portion of Hera’s distribution network in Emilia-Romagna, similar to what Snam has already done on its own transmission network. At the heart of this experimentation is the gas network of Modena. “The agreement with Hera - Marco Alverà, CEO of Snam said - is part of the collaboration we are starting with energy and industrial companies to develop hydrogen-related technologies and implement projects in different areas of the Italian territory. Hydrogen will be a decisive element, together with electricity from renewable sources, to enable Europe to become the first continent with net zero emissions by 2050. Snam intends to contribute to this path, by providing its infrastructure, combined with its skills and innovation capacity, to create a national hydrogen supply chain capable of accelerating the path to decarbonisation and create new opportunities for development and employment.” “With this partnership we wish to concretely contribute to the development of the hydrogen option to pursue the carbon neutrality of the territories, consistent with the commitment to sustainable development that has always guided our actions. – Stefano Venier, CEO of the Hera Group commented - Signing this protocol is part of the strategy outlined in our 2024 Business Plan, which calls for numerous actions and investments for energy transition and environmental protection in line with European strategies and the objectives of the UN 2030 Agenda. Green gases, including hydrogen, are a particularly interesting frontier for us because we operate in several businesses: by making available our cross-sector expertise and our extensive infrastructure platform we can create innovative examples of carbon neutral circularity among supply chains.” This agreement is likely subject to subsequent binding agreements that the parties will define in compliance with the applicable regulatory profiles. Depuratore Gruppo Hera Depuratore Gruppo Hera Press release Snam-Hera.pdf 2021-02-22 11:01:00 Depuratore Gruppo Hera Depuratore Gruppo Hera 2020-04-29

The Group has received Gold Class status for ranking as "Industry leader" in the Dow Jones Sustainability Index, one of the world's most authoritative stock market indices assessing ESG factors. Hera also given special mention as "Industry mover". The Hera Group has received a worldwide gold medal for social responsibility. S&P Global, indeed, has awarded the company its Gold Class 2021, the highest recognition reserved for companies included in the Dow Jones Sustainability Index (DJSI), the authoritative international stock market index assessing the ESG factors of roughly 3,500 listed companied with the highest capitalisation globally. This prestigious result was released today with the publication of the Sustainability Yearbook 2021, a report that contains the results of analyses carried out for gaining access to the index last year, and the names of companies that achieved the highest sustainability scores. Following its inclusion in the FTSE MIB in 2019, Hera participated in the selection process for the DJSI and, in only 2 years, rapidly rose in the classification, being included in the World and European indices at the same time and ranking as "Industry leader", i.e. the best "Multi-utility and Water" in the world, with a score of 87/100, compared to a sector average coming to 45/100. Compared to the other companies assessed by the DJSI, Hera stood out in particular for its environmental and economic sustainability, and its governance. The Sustainability Yearbook 2021 gives particular emphasis to the significant results achieved by Hera in the areas identified as most challenging for its sector, such as resource management and protection, the ability to grasp market opportunities and relations with stakeholders. In addition to Gold Class status, Hera also received special mention as "Industry mover", that is, the company that recorded the most significant improvement, rising by no less than 19 points compared to the score of 68/100 in 2019. These recognitions provide further confirmation of the valid sustainability strategy pursued by Hera, which represents its fundamental approach, substantiated once again by its Business plan to 2024, presented to investors 20 days ago. In the Plan, operating and financial results are expected to improve continuously, with a solid cash generation and ESG targets to 2030. The Plan foresees investments and initiatives for energy and environmental transition and technological evolution, in line with European strategies and the UN's 2030 Agenda. The most significant challenges include the field of renewable energies and pursuing carbon neutrality. In particular, Hera aims to achieve ambitious goals in reduction, following the criteria of the "Science Based Target initiative" especially as regards "Well below 2°C", (intended to limit the increase in the Earth's temperature to significantly under 2°C). Among the numerous international recognitions going to the Group for its attention towards sustainability, also note Hera's inclusion in 2020 in the FTSE4Good Index Series, a set of ethical indices conceived by FTSE Russell to encourage investments in companies that meet strict criteria in the area of ESG. Not by chance, attention towards ESG factors is an increasingly central issue for investors as well, and was included by Hera in its mission as of 2002, the year of its establishment. Press release Hera Sustainability Yearbook.pdf 2021-02-08 12:50:00 Sede Hera Sede Hera 2020-01-24

Aimed at contributing to decarbonising the agriculture sector, Hera has signed a memorandum intended to study the feasibility of a project for generating and using green hydrogen, linked to a concrete goal: fuelling the fertiliser produced by Yara Italia, the leader in this industry. Sapio is also involved, for the technological aspects and hydrogen management In times of climate change, a transition in the agricultural transition is a challenge as urgent as it is complex, because it requires not only reducing high water consumption but also limiting the emissions involved in the many processes concerned by agriculture, both directly and indirectly. The fertiliser sector is unquestionably among these processes, and is the subject of the memorandum signed by the Hera Group – one of Italy’s largest multi-utilities – with Yara Italia, a leader in nitric and complex fertiliser production, and by Sapio, a leading figure in the field of technical and medical gases. The memorandum is intended to explore the possibility of increasing sustainability in the agriculture sector, by using green hydrogen. A plant able to produce up to 500 tons/year of green hydrogen Based on this agreement, Hera, Yara and Sapio will begin a coordinated series of analyses that, within the year’s end, will assess the technological, economic and regulatory feasibility of a concrete project for using renewable energy and developing the green hydrogen industry. The project covers green hydrogen generation, transportation and use to fuel fertiliser production. In particular, the experimental plant intended for generating hydrogen would use the renewable energy produced by Hera’s Ferrara WTE plant, to produce hydrogen from water and thus fuel Yara Italia’s nearby industrial facility, dedicated to fertiliser production. Scouting the plant technologies will be done by Sapio, who will also be responsible for further evaluations concerning the technical solutions through which Yara’s facility will be supplied. An annual green hydrogen production capacity coming to 500 tons is expected. Commitment to green energy at the centre of Hera’s strategies By signing this memorandum, the Hera Group has given new impetus, only a few weeks after the approval of its Business Plan to 2024, to its commitment towards innovation, renewable energy and carbon neutrality. In line with European strategies and the goals on the UN’s 2030 Agenda, the environmental content of the Plan calls for not only promoting a circular economy and intervening to increase infrastructure resilience, but also all actionsfor energy transition and the fight against climate change, which increasingly involve biomethane, hydrogen and green syngas. The Group’s investments in technological innovation are fundamental in this sense, essential in searching for sustainable solutions in the area of so-called “clean energies”. Hera has been working towards sustainability in the agriculture sector for some time, for example through a circular and resilient management of water that also involves various projects in regenerating water resources and reusing waste water. “Developing clean energy”, remarks Stefano Venier, Hera Group CEO, “necessarily involves periods of research that, following the spirit underlying this memorandum, consolidate the expectations of our most advanced projects. Furthermore, it is equally important to set out these projects in a concrete and sustainable way, to meet the needs of sectors such as agriculture, which still have a significant environmental impact in terms of resource consumption, from water to energy. A commitment to sustainability, in any case, has always been in our DNA, as is further proven by Hera’s recent inclusion in theDow Jones Sustainability Index, and our decision to voluntarily apply the recommendations of the “Task Force on Climate-related Financial Disclosures” (TCFD) in our reporting as of the 2020 financial year. Our goal, reaffirmed in the Business Plan to 2024 as well, is to keep raising the bar, and forward-looking projects such as the one launched with Yara Italia and Sapio go precisely in this direction, exploring possibilities that, in a modular way, can be replicated elsewhere as well.” Yara Italia, the Italian branch of the Norwegian multinational Yara International ASA, a world leader in the fertiliser sector, has been successfully working for years to shape change as regards sustainability. Reducing CO2 emissions and water consumption, improving the environmental and energy sustainability of production processes and implementing regenerative solutions for soil that increase the effectiveness of fertiliser and thus reduce overuse, are at the top of the Group’s list of strategic priorities. Participating in this project is for Yara an additional, significant step in this direction. Sapio has maintained its vision of sustainability for almost a century, and is strongly committed to remaining at the forefront in developing and promoting the hydrogen sector, to allow Italy, which boasts an advantageous geographical position and important distribution networks, to become a European leader. Sapio, an active member of H2IT (the Italian Hydrogen and Fuel Cell Association) and the European Clean Hydrogen Alliance, covers all modalities of hydrogen production and distribution, through to its final applications, guaranteeing a high-quality offer with significant technological value. “Hydrogen is the future. And the future is now”, remarks the Chairman of the Sapio Group and the Associazione H2IT, Alberto Dossi. “We are witnessing an important historical moment, and it is equally important to collaborate with companies such as Hera and Yara. This example proves that this sector, in our country, is prepared to lead Italy to play a central role in the energy transition. We have both an industrial and a scientific mission, thanks to our relations with leading universities and research centres. To rise to the challenge of decarbonisation, the time has come to formulate a national strategy for hydrogen, that will allow us to reach the ambitious goals set out by the Ministry of Economic Development, which call for a usage of hydrogen coming to 20% within 2050.” Press release Sustainable agriculture Hera with Yara Italia and Sapio for green hydrogen.pdf 2021-02-04 10:51:00 Sede Hera Sede Hera 2020-01-24

Once again, for the second consecutive year, Hera has been included in this index, which measures gender equality and the promotion of diversity and inclusion. The Hera Group pays close attention to gender equality and to promoting diversity and inclusion, and stands out in particular for its transparency in providing information on these issues and its harassment prevention and sanctioning policies. The Group has indeed been included this year as well - after becoming part of it for the first time in 2020 - in the Bloomberg Gender-Equality Index, which evaluates 11,700 companies worldwide committed to promoting and creating equal and inclusive workplaces. Diversity awareness is indeed an increasingly important issue for the international financial community, with investors showing growing interest towards listed companies with outstanding policies in this area. Hera's confirmation within the Bloomberg Gender-Equality Index - achieving significant results, even compared to the average in the utility sector - bears witness to the quality of the path chosen by the Group, which over time has been enriched with new content and increased dimensions, involving a growing number of employees. Today, diversity valorisation policies are an integral part of the Group's strategy, and are also defined in its Business Plan to 2024. Promoting diversity, inclusion and people development is central in human resource management. At Hera, equality in access to development and professional growth is reached through meritocratic systems designed and calibrated to guarantee their own concrete application. The tools used include compensation and benefits focused on performance, the complexity of one's role and market comparisons, regardless of gender or generation, and career paths that see an increasing percentage of women with roles of responsibility, now coming to roughly 30%. Additional proof of the Group's attention towards these issues comes from the score obtained in the 2020 Refinitiv (previously Thomson Reuters) "Diversity & Inclusion Index", where Hera further improved its position, ranking as the 12th company in the world, 2nd in Italy and the leading multi-utility overall. In November 2020, moreover, Hera was defined as "Industry leader" and included in the Dow Jones Sustainability Index World and Europe, one of the most authoritative stock market indices evaluating social responsibility, that brings together companies showing the best sustainability performances internationally. Press release Bloomberg Gender Equality Index.pdf 2021-01-27 13:22:00 GEIseal 2021_WHT_110x150.png 2015-11-12

The Group, after gaining recognition as the best company in Italy in 2020, has once again obtained this certification of excellence in managing human resources. This comes as a reward for its strategy focused on people, with investments in welfare, training and diversity, with an organisation promoting agility in work and digitalisation. A company's workers are the true key to its success. The Hera Group knows this well, and continues to dedicate resources, attention and commitment to its team of over 9,000 employees. And the results are clear to all, as is shown by Top Employer, an international certification of excellence in human resource management, awarded to Hera in 2021 as well, for the 12th consecutive year. This recognition comes from the Holland-based Top Employer Institute, which carries out research on the quality of human resource management, examining over 1,600 businesses. Hera, recognised as the best company in 2020, has once again been certified as a Top Employer for its business strategies, in which attention towards human resources has always been fundamental, thanks to its best practices regarding welfare, working conditions, development and training, diversity and innovation. The Group, indeed, puts people at the centre of its policies, with processes designed from the outset to fit its employees and to increase and innovate their skills, guaranteeing paths in mobility and development and favouring self-learning. The Group also stands out for its organisational methods, which promote worker agility and digitalisation, with a smart working project launched in 2017 that created the bases to effectively face the emergency that struck our country, with no effect on service quality and efficiency, protecting at the same time the health and safety of its employees and customers. In 2020, Hera immediately introduced a range of measures that ensured it would remain close to its workers: from upgrading technological tools favouring collaboration and communication among employees, to redesigning training in order to meet new obligations concerning remote work, and setting in place a Covid-19 insurance policy for its employees, with all expenses covered by the company. Hera's most outstanding human resource policies include Hextra, the integrated corporate welfare plan intended for all Group employees, investments for which reached 4.5 million euro in 2020 alone. The Group also offers its employees campaigns aimed at awareness, prevention, cure, overall wellbeing and education. Hera has also confirmed its ranking among the leading Italian businesses that invest in their employees' personal and professional development, with 26 hours of training per capita each year and a total of roughly 236,000 hours provided, thanks to investments coming to approximately 2 million euro. In this area, a fundamental role is played by HerAcademy, the Group's corporate university that allows it to communicate with businesses and the main local institutions. Furthermore, through the Hera Educational set of initiatives, the Group constantly reinforces its role in the area served, consolidating its partnerships with various figures in the educational system. Lastly, a special focus goes to sustainability and guaranteeing equal opportunity, inclusion and diversity valorisation. This is proved by the Group's presence in the 2020 Refinitiv "Diversity & Inclusion Index" 2020 (formerly Thomson Reuters) and its entrance in the 2020 "Bloomberg Gender-Equality Index". In November 2020, as regards ESG factors, which also cover human resource management and development, Hera was recognised as "Industry leader" and included in the Dow Jones Sustainability Index World and Europe, one of the most authoritative stock market indices evaluating social responsibility, which brings together the companies showing the best sustainability performances in the world. "We are proud to receive this certification in 2021 as well, which attests once again to the investments we make in human resources", states the Hera Group's Executive Chairman, Tomaso Tommasi di Vignano. "This recognition is all the more significant in a complex period such as the present, where we have proven our ability to react to difficulties and show resilience, obtaining quality in our results, aiming at sustainability and creating value for stakeholders and the area served. We have reached this goal thanks to the work done by all our employees, and we wish to continue investing in them, providing wellbeing, training and development, and offering the best possible working conditions within an inclusive and participative context". Tomaso Tommasi di Vignano Tomaso Tommasi di Vignano Press release Hera a Top Employer for the 12th time.pdf 2021-01-25 10:41:00 top_employer_2021_110x150.1611570319.png 2015-11-12

CALENDAR OF CORPORATE EVENTS (*) In accordance with art. 2.6.2 (Required Reporting) of the “Rules of the markets organised and managed by Borsa Italiana S.p.A.", please find below our annual calendar of corporate events: 24 March 2021 - Meeting of the Board of Directors to approve the previous year's preliminary financial statements. 28 April 2021 - Shareholders' Meeting to approve the previous year's financial statements. 12 May 2021 - Meeting of the Board of Directors to approve additional financial information for the period ending on 31 March 2021. 28 July 2021 - Meeting of the Board of Directors to approve the half-year financial report as at 30 June 2021. 10 November 2021 - Meeting of the Board of Directors to approve additional financial information for the period ending on 30 September 2021. The Board of Directors, as communicated for the previous financial year and in line with the past, in order to guarantee regularity in the information provided to the financial market and investors, has decided to continue preparing and publishing this information quarterly, on a voluntary basis and in line with current regulations. (*) barring changes sede Hera Sede Hera Press release calendar of corporate events.pdf 2021-01-22 09:36:00 Corporate events Corporate events 2015-11-12

The Hera Group hereby communicates that, as of 1 January 2021, Mr. Roberto Barilli, General Manager of Operations for Hera S.p.A., will leave his office for retirement. The General Operations Management has been eliminated and the Hera Group’s internal organisation has been modified accordingly. The Board of Directors has expressed its warmest thanks to Mr. Barilli, who worked for Hera S.p.A. as of its establishment, for his significant contribution over the years, acting alongside the top level of administration and the entire management. Press release General Manager Operations Resignation.pdf 2020-12-30 17:48:00 Sede Hera Sede Hera 2015-11-12

Strong interest shown by investors towards a bond financing the Group’s projects, with orders amounting to over 2 billion. This positive reaction was fuelled by the Group’s solidity and its high sustainability profile, as recognised by its recent inclusion in the Dow Jones Sustainability Index. The Hera Group has successfully placed a bond for qualified investors on the Eurobond market, with a nominal amount coming to 500 million euro and a 10-year maturity. This new issue immediately met with strong interest from investors in all main European countries. In a single day, orders were indeed received for 4 times the offer. Due to the quantity and quality of the orders received, the price was set at an excellent rate, equal to the Mid Swap Rate +60 basis points, and a coupon coming to 0.25%, the lowest amount for an Italian corporate bond with an equal length to maturity. The notes will be issued as part of the Euro Medium Term Notes Programme (updated on 24 November 2020 increasing to 3.5 billion euro the maximum principal amount of notes that may be simultaneously outstanding) and will be listed on the regulated market of the Irish Stock Exchange (Euronext Dublin) with a return set at 0.348%. The settlement is scheduled for 3 December 2020. The notes are expected to have the same rating as the Hera Group: Moody’s rating Baa2 with a stable outlook and Standard & Poor’s rating BBB with a positive outlook. The proceeds of the bond will be used to finance the Group’s investments in the waste management, water and energy sectors, which will introduce innovative interventions that follow up on the attention towards sustainability that has always characterized the Group’s activities. Sustainability and the Hera Group Since its establishment, 18 years ago, Hera has always integrated sustainability objectives into its strategies in all business areas, combining continuously growing economic results with the creation of shared value for all stakeholders and local areas served, guaranteeing efficiency and resilience, safeguarding the environment and protecting natural resources. This model has continued to guide the Group’s activities, all the more so during the current year, with the difficulties created by the ongoing health emergency. The Hera Group’s sustainability has received further confirmation by its recent inclusion in the Dow Jones Sustainability Index (DJSI), one of the world’s most authoritative stock market indices for assessing social responsibility, which selects the leading companies internationally based on the best ESG performances. In addition to becoming part of the world and European indices at the same time, Hera ranked as “Industry leader” among the approximately 3,500 companies with the highest capitalization globally examined by the DJSI. The partners in the operation The issuance of the bond was coordinated by a pool of banks acting as joint bookrunners: BNP Paribas, Crédit Agricole CIB, Deutsche Bank, IMI - Intesa Sanpaolo, Mediobanca and UniCredit Bank. Legance - Avvocati Associati assisted Hera, while and the firm Linklaters advised the joint bookrunners. Documents pertaining to this bond will be available on the website www.gruppohera.it in the Investor Relations section, as well as on the 1INFO authorized storage mechanism at www.1info.it. Press release New Bond Hera.pdf 2020-11-26 18:57:00 Sede Hera Sede Hera 2015-11-12

Hera S.p.A. (the "Company") announces that on the date hereof the update of its Euro Medium Term Notes programme has been completed, with the increase from Euro 3 billion to Euro 3.5 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 of the EMTN Programme and the increase of the maximum plafond will allow the Company to take advantage of any new market opportunities in line with its financial strategy. Press release Update and increase of the EMTN Programme of Hera S.p.A..pdf 2020-11-24 18:00:00 Sede Hera Sede Hera 2019-12-19

The agreement provides for the creation of a state-of-the-art environmental platform capable of handling up to 60 thousand tonnes of special waste per year. The initiative is an example of industrial symbiosis aimed at minimising waste disposal in favour of recovering materials and energy. Eni and the Hera Group, through its subsidiaries Eni Rewind and Herambiente, have today signed, in the presence of the Mayor of Ravenna Michele de Pascale, an agreement to establish a joint venture which, by pooling the technical-management know-how of the two companies, will create a multifunctional platform for the pre-processing and processing of special waste in the Ravenna industrial area. The initiative aims to make a concrete contribution to the structural shortage of special waste management facilities in Italy and to maximise the recovery of materials and energy. In particular, the platform, the authorisation process of which will begin in 2021, will manage up to 60 thousand tonnes/year of waste produced by environmental and production activities, including those in the area, from a circular perspective and in line with the European directives of the "Circular Economy Package" implemented in Italy last September. The multi-purpose platform will be equipped with the latest technologies and built on a part of the "Ponticelle" site owned by Eni Rewind, near the industrial zone and the port of Ravenna. In relation to the development and operation of the plant, Eni Rewind will be responsible for the procurement process of solid and liquid waste processing services and Herambiente will operate the plant. Mayor of Ravenna Michele de Pascale said "This is an important agreement to transform a formerly abandoned industrial area through the implementation of a technologically advanced project. This virtuous project demonstrates our leadership in the circular economy, which is important for the economic development of the city and will also be the subject of an in-depth study by the City Council. Today, a first fundamental collaboration between two important industry groups, Eni and Herambiente, has been put in place in our city, bringing with it significant benefits for employment and economic growth for the community in the future". Paolo Grossi, CEO of Eni Rewind commented "The agreement with Herambiente aligns with the Eni Ponticelle project, which aims to regenerate an industrial zone according to the principles of circular economy. In Ponticelle, we are finishing the environmental works an area where, in the coming months, Eni will build a photovoltaic park and a plant for the biological treatment of the land, with an adjoining analysis and research laboratory. The Ponticelle project is emblematic of our operating model. It is sustainable and circular and was structured following constructive dialogue with local stakeholders". Andrea Ramonda, CEO of Herambiente said "Growth and innovation are in Herambiente's DNA and alliances with qualified partners such as Eni, meet these values perfectly. The new platform, which will replace the existing one, integrates and further improves the already ample plant equipment dedicated to waste produced by companies and is perfectly aligned with our recently renewed mission. It will offer sustainable and innovative solutions to companies and communities creating value and new resources". Eni Ponticelle Eni Ponticelle Press release Eni Rewind Herambiente 2020-11-20 11:23:00 Eni Ponticelle Eni Ponticelle 2019-12-19

Inclusion in one of the world’s most important stock market indices dedicated to evaluating social responsibility, as the leader of its own sector, comes as recognition for the Group’s attention towards sustainability and creating shared value for all stakeholders, pursued since its establishment. The Hera Group has received yet another important recognition, rewarding a corporate strategy that brings growth in economic results together with sustainability and the shared value created for all stakeholders. Hera is the first Italian multi-utility to be included in the Dow Jones Sustainability Index (DJSI), one of the world’s most authoritative stock indexes that evaluates social responsibility. Managed by S&P Global, it selects the largest companies in the world based on the best sustainability performances in all areas of ESG (environment, social, governance). This achievement is all the more considerable considering that Hera has simultaneously become part of the worldwide (Dow Jones Sustainability World Index) and European (Dow Jones Sustainability Europe Index) indices, and especially its position as “Industry leader” out of the approximately 3,500 companies with the highest capitalisation across the world evaluated by the DJSI (of which only 10%, on average, succeeds in being included in the index). In particular, in this year’s ranking, announced Friday 13 November 2020 and effective as of 23 November 2020, Hera reached an overall score of 87/100, a result that ranks it as the best multi-utility globally. Compared to other companies in the index, Hera stood out above all for environmental and economic dimensions, and for its governance. Being included in the DJSI proves once again the quality of the approach taken by Hera since its establishment, 18 years ago. Sustainability is, indeed fully integrated in the Group’s strategies, as can be seen in its Business plans, which clarify the range of sustainability goals – circularity, decarbonisation and risk management – defined within each business area, through innovation, investments in asset resilience, marketing strategies, digitalisation, artificial intelligence and big data. Hera’s attention towards ESG factors, as seen in the continuous improvement of its management sustainability parameters, is accompanied by continuous growth in operating and financial results, a solid and constant cash generation, and a stability in governance unique in its sector, with top management confirmed by the Shareholders Meeting last April. All of these factors, even in this difficult year marked by the ongoing health emergency, have allowed Hera to continue creating value, benefitting all stakeholders and local areas served, guaranteeing efficiency and resilience and finding innovative solutions to sustain those experiencing difficulty, protect the environment and defend natural resources. Increased attention towards the Group’s sustainability came in March 2019, when Hera was included in the FTSE MIB. Considering the rising sensitivity to these issues shown by the financial community and many institutions, this year Hera stock was included in the FTSE4Good Index Series (a series of ethical indices conceived by FTSE Russell, to identify the world’s companies most committed to sustainable development) and the Refinitiv Thomson Reuters “Diversity & Inclusion Index”, coming in 12th worldwide and ranking as the first multi-utility overall. As regards sustainable finance, Hera acted early, interpreting ongoing changes and adopting innovative models that gave it a pioneering role and made the Group competitive on the market. Hera was, in fact, the first company in Italy to issue a green bond, as early as 2014, followed by a second one issued in 2019. Two years ago, furthermore, Hera launched the first sustainable revolving line of credit, introducing a system with bonuses for reaching specific environmental, social and governance (ESG) goals. In itself, the Group’s Green Financing Framework bases all financial operations, present and future, on ESG principles. Hera was furthermore among Italy’s first companies to adopt, as of 2016, “shared value” reporting, concerning business activities that, in addition to generating operating margins, contribute to reaching the goals set out in the UN’s 2030 Agenda for sustainable growth. In 2019, the Hera Group’s “shared value” Ebitda rose to 422.5 million euro, equivalent to 39% of overall Ebitda, a result that perfectly reflects the path indicated by the Business plan, which expects this figure to reach 42% by 2023. Creating “shared value” also acts as a criterion for allocating the Group’s capital, with over one third of overall investments planned to be made within 2023 going to sustainable projects. Lastly, Hera’s investors can count on a significant return on invested capital and an improvement in the ratings given by financial analysts who, following the recent presentation of the Group’s operating results for the first nine months of 2020, rose the target price to 3.93 euro and increased their “buy/outperform” recommendations (with coverage now coming to 85%). Press release Press release Hera best multi utility in DJSI 2020-11-14 16:02:00 110x150_heraspa.1475082913.jpg 2020-05-11

The Group closed the first nine months of the year with improvement in the main economic indicators compared to the same period in 2019, offsetting the impact of the Coronavirus emergency. These positive results, in line with the growth foreseen by the Business plan to 2023, were reached through the enlarged scope of operations and the investments made in resilience and sustainability. Financial highlights Revenues at 4,905.9 million euro (-3.1%) Ebitda at 806.2 million (+2.6%) Net profit at 244.7 million (+1.1%) Net debt stable at 3,284.5 million Operating highlights Resilience guaranteed by a mix of internal and external growth Good contributions come mainly from the gas and electricity areas A solid base, with over 3.3 million customers in energy sectors, showing strong growth thanks to the Ascopiave partnership Today, the Hera Group's Board of Directors, chaired by Tomaso Tommasi di Vignano, unanimously approved the consolidated third-quarter report at 30 September 2020. This report shows improvement in the Group's main economic indicators compared to the same period in the previous year, confirming its positive trends and solid fundamentals, and allowing it to overcome the inevitable impact of the health emergency affecting our country. More specifically, the most significant results for the first three quarters of 2020 - in line with the growth expected by the Business plan to 2023 - include a rise in Ebitda coming to over 20 million euro and a better Net debt/Ebitda ratio, as well as ongoing creation of value for stakeholders, beginning with shareholders who were paid, as foreseen, dividends coming to over 150 million euro. As usual, M&A transactions, along with internal growth sustained by higher efficiency and investments, were the driving force behind the Group's results. The most important factor was the recent partnership with Ascopiave, consolidated at the beginning of the year. Through EstEnergy, this partnership gave way to the largest energy operator in North-Eastern Italy and led to over 3.3 million customers overall in the energy sectors. These results furthermore point towards a high ESG profile, with strong attention going to the environment, social and governance, which is expected to remain stable over the next three years after top management was confirmed by the Shareholders Meeting held on 29 April. This attention appeared all the more clearly during the emergency that struck our country: in recent months, indeed, Hera has always guaranteed full service continuity and introduced many forms of protection for employees, suppliers and customers, including easier terms for paying bills. Sustainability, in any case, has been an integral part of the Group's strategy since its establishment, and contributes - alongside all operating-financial indicators - to its growth, creating value for local communities and all areas served. At the same time, the Group's solidity and its valid multi-business strategy, based on a range of diversified levers, balanced between internal and external growth, have enabled it to guarantee a high degree of resilience, even in difficult contexts such as the current one. The effects on the Coronavirus pandemic on the Group's businesses, its financial situation and its operating performance have thus been contained, as already appeared in the first-quarter report at 31 March 2020 and the half-year report at 30 June 2020. Revenues at 4,905.9 million euro In the first three quarters of 2020, revenues came to 4,905.9 million euro. This result was mainly due to lower revenues from electricity and gas trading, generation and sales, the lower price of commodities, lower volumes sold and the heat management and district heating services. Various factors helped mitigate this impact, including changes in the scope of operations and an increase in regulated energy revenues. Ebitda increases to 806.2 million euro Ebitda went from 785.8 million euro in the first nine months of 2019 to 806.2 million euro at 30 September 2020, up 2.6%, despite the negative impact of milder winter temperatures and the Coronavirus emergency. This growth - seen over the entire duration of the first nine months of 2020 - was achieved above all thanks to the performance of the energy areas (gas and electricity), owing to the Ascopiave partnership. Positive results were also recorded in the water cycle area, which saw efficiency-enhancing initiatives aimed at resilience and sustainability, and in other services, including public lighting and telecommunications. Operating results rise to 414.7 million euro Operating results increased to 414.7 million euro, up 2.3% compared to the 405.5 million seen at 30 September 2019. Financial operations settled at 79.5 million in the first nine months of 2020, with a 12.4 million change compared to the same period in the previous year due on the one hand to lower financial charges and on the other to higher non-monetary charges, prevalently linked to the Ascopiave transaction. Pre-tax profit remained essentially unchanged at 335.2 million euro. Net profits increase to 244.7 million (+1.1%) Net profits at 30 September 2020 rose to 244.7 million euro (+1.1%) compared to the 242.0 million recorded one year earlier, with profits pertaining to Group shareholders increasing to 233.1 million euro, compared to the 230.8 million seen at 30 September 2019 (+1.0%). These results benefitted from a tax rate coming to 27%, with further improvement compared to the 28.5% recorded during the previous year, thanks in particular to the Group's commitment to making significant investments in technological, digital and environmental transformation, along with the benefits introduced by the government's Relaunch Decree. Operating investments come to 333.6 million euro; net financial position stable During the first nine months of 2020, Hera made operating investments amounting to 333.6 million euro, basically in line with the previous year and respecting the green-oriented projects contained in the Business plan. Investments mainly went to plants, networks and infrastructures, as well as regulatory upgrading in the sewerage and purification areas and a large-scale installation of new-generation gas meters. In addition to financing these investments and paying dividends, the positive cash generation also sustained financial investments, mainly involving the strategic Ascopiave transaction, and purchasing treasury shares based on market opportunities. The Group's solid financial position is reflected by its net debt, which remained unchanged with respect to the 3,274.2 million seen at 31 December 2019, settling after the first nine months of 2020 at 3,284.5 million euro, including the amount of Ascopiave's put option concerning EstEnergy. The Net debt/Ebitda ratio came to 2.97x, improving compared to the 3.02x seen in late 2019. Gas Ebitda for the gas area - which includes services in natural gas distribution and sales, district heating and heat management - came to 249.9 million euro at 30 September 2020, with a 4.2% rise over the 239.8 million recorded at the same date one year earlier. This growth, in terms of both revenues and volumes sold, was mainly obtained thanks to the partnership with the Ascopiave Group, with the acquisition of the companies belonging to the EstEnergy Group and AmgasBlu, and the four portions of the last resort service and the two portions of the default service awarded. This result is all the more positive considering that it includes the rationalisation of the gas networks foreseen by the Ascopiave partnership. Lastly, the Ascopiave transaction significantly impacted the rise in gas customers, who came to over 2 million at the end of the first three quarters of 2020, increasing by over 550 thousand compared to the same period in the previous year (+37.8%). The gas area accounted for 31.0% of Group Ebitda. Water cycle At 30 September 2020, the integrated water cycle area - which includes services in the aqueduct, purification and sewerage - recorded an Ebitda coming to 201.1 million euro, up 0.6% over the 200.0 million euro seen at the same date in 2019. This result was due to the initiatives in raising efficiency carried out by the Group: thanks to investments in resilience and sustainability - recognised from a regulatory point of view in the new tariff method defined by Arera - the Group offset the effects of the Coronavirus emergency, such as lower new connections. The integrated water cycle area accounted for 24.9% of Group Ebitda. Waste Ebitda for the waste management area - which includes services in waste collection, treatment, recovery and disposal - settled at 183.3 million euro at 30 September 2020, compared to the 192.0 million recorded at the same date one year earlier. The halt in production during the lockdown caused a decrease in the Group's activities, like all other international operators in this sector. However, Hera succeeded in significantly compensating for the fall in demand thanks to the wide and diversified set of plants it can rely on. The Group - which is the nation's leader in the waste management sector - thus managed to keep the fall in special waste to 1.8%, while volumes of municipal waste dropped by 6.1%. Results for the waste management area, furthermore, benefitted from the positive trend in prices. Numerous initiatives were introduced for regenerating resources and moving towards a circular economy, through avant-garde technologies and innovative plants. The most recent initiatives include Hera Business Solution, a multi-service offer geared towards sustainability and dedicated to large companies with ready-to-go integrated energy and environmental solutions, and the agreement signed in late October between the Group subsidiary Aliplast and NextChem, a company part of the Maire Tecnimont Group, aimed at transforming plastic waste into polymer products with high added value. The Group's attention towards the environment and reusing resources was also confirmed by the increase seen in sorted waste, which was up 1.3 percentage points, going from 63.4% in the first nine months of 2019 to 64.7% in the same period of 2020. The waste management area accounted for 22.7% of Group Ebitda. Electricity area Ebitda for the electricity area - which includes services in electricity generation, distribution and sales - amounted to 144.8 million euro at 30 September 2020, showing a 12.1% growth over the 129.1 million euro seen in the first nine months of 2019. This result is due to the Ascopiave transaction and the margins coming from electricity generation in the dispatching service market, which offset the lower volumes and margins deriving from the Coronavirus emergency. Free-market customers also increased due to reinforced marketing initiatives. At 30 September 2020, electricity customers amounted to more than 1.3 million overall, up roughly 150 thousand (+12.6%) over the same period of the previous year. The electricity area accounted for 18.0% of Group Ebitda. The manager responsible for drafting the company's accounting statements, Luca Moroni, declares, pursuant to article 154-bis paragraph 2 of the TUF, that the information contained in the present press release corresponds to the documentation available and to the account books and entries. The third-quarter financial report and related materials are available to the public at Company Headquarters and on the website www.gruppohera.it. Unaudited extracts from the Intermediate Report on Management at 30 September 2020 are attached. PROFIT & LOSS (M€) 30/09/2020 INC. % 30/09/2019 INC. % CH. CH. % Sales 4,905.9 5,063.2 (157.3) (3.1%) Other operating revenues 355.7 7.3% 366.7 7.2% (11.0) (3.0%) Raw material (2,314.9) (47.2%) (2,504.9) (49.5%) (190.0) (7.6%) Services costs (1,696.9) (34.6%) (1,698.4) (33.5%) (1.5) (0.1%) Other operating expenses (41.8) (0.9%) (45.6) (0.9%) (3.8) (8.3%) Personnel costs (424.0) (8.6%) (418.7) (8.3%) +5.3 +1.3% Capitalisations 22.2 0.5% 23.5 0.5% (1.3) (5.5%) Ebitda 806.2 16.4% 785.8 15.5% +20.4 +2.6% Depreciation and provisions (391.5) (8.0%) (380.3) (7.5%) +11.2 +2.9% Ebit 414.7 8.5% 405.5 8.0% +9.2 +2.3% Financial inc./(exp.) (79.5) (1.6%) (67.1) (1.3%) +12.4 +18.5% Pre tax profit 335.2 6.8% 338.4 6.7% (3.2) (0.9%) Tax (90.5) (1.8%) (96.4) (1.9%) (5.9) (6.1%) Net profit 244.7 5.0% 242.0 4.8% +2.7 +1.1% Attributable to: Shareholders of the Parent Company 233.1 4.8% 230.8 4.6% +2.3 +1.0% Minority shareholders 11.6 0.2% 11.2 0.2% +0.4 +3.6% BALANCE SHEET (M€) 30/09/2020 INC.% 31/12/2019 INC.% CH. CH. % Net fixed assets 6,927.1 109.1% 6,846.3 108.9% +80.8 +1.2% Working capital 67.4 1.1% 87.0 1.4% (19.6) (22.5%) (Provisions) (643.5) (10.1%) (649.1) (10.3%) +5.6 (0.9%) Net invested capital 6,351.0 100.0% 6,284.2 100.0% +66.8 +1.1% Net equity 3,066.5 48.3% 3,010.0 47.9% +56.5 +1.9% Long term net financial debt 3,376.3 53.2% 3,383.4 53.8% (7.1) (0.2%) Short term net financial debt (91.8) (1.5%) (109.2) (1.7%) 17.4 (15.9%) Net financial debts 3,284.5 51.7% 3,274.2 52.1% 10.3 +0.3% Net invested capital 6,351.0 100.0% 6,284.2 100.0% +66.8 +1.1% 3Q 2020 results 3Q 2020 results Press release Press Release 3Q 2020 2020-11-11 14:01:00 be_110x150.1584956497.png 2020-05-11

The two companies have signed the Hera Business Solution protocol for managing integrated waste, drinking water, purification and energy efficiency enhancement services. This multiservice proposal is offered to large companies who wish to reach goals in sustainability, which are measurable and increasingly demanding in various areas, making the most of the skills provided by a single partner. Circular economy and sustainability are at the heart of the Hera Business Solution protocol, signed today by the Hera Group, one of Italy’s largest multi-utilities, and Fruttagel, a national leader in the food sector, specialised in the industrial transformation of fresh fruit and vegetables, cereals and beans. Thanks to the Hera Business Solution, a multiservice offer conceived for large companies, the Hera Group will lend its companies’ experience to Fruttagel. The support provided will allow the latter to meet rising and increasingly challenging goals in circularity along its entire production chain, broadening the range of services already provided by the Group and thus allowing it to count on the benefits ensuing from dealing with a single partner. Circular economy, indeed, is a concept often associated only with the waste treatment sector, while actually covering all areas and therefore also concerning the responsible and efficient use of water and energy. Circular economy across the board with Hera Business Solution The Hera Business Solution protocol signed by Hera and Fruttagel is a valid example of an agreement between different sectors of production that aims at providing solutions for both environmental and production issues, fully deserving a place within the circular economy circuit. This collaboration is part of a process already underway with Fruttagel, that uses a few services offered by the Hera Group, for example managing waste, with plans to reduce it and global service solutions to maximise recovery, and the purification plant; supplying drinking water; selling energy and web tools to analyse and manage energy consumption and evaluate its effects; offering data connectivity, internet and data centre services. Now that the Hera Business Solution protocol has been signed, the multi-utility will launch a phase of consulting to draft a monitoring model that covers all Fruttagel’s activities and provides support in reaching environmental sustainability goals in terms of raising consumption efficiency, improving environmental performances and reducing energy and environmental impact. The bar set for these goals will become even higher, owing to the broader range of coordinated services provided by the Hera Group. With the Hera Business Solution, the Hera Group is indeed available as a partner for large industrial groups, with an overall proposal consisting of integrated energy and environmental solutions, sustainable and well-defined for single businesses, taking their own complexity into account. The goal is to set out new opportunities for growth, working alongside companies, to reduce as much as possible costs for the community, the environment and future generations. All of this will involve regenerating natural resources, lengthening the useful life of goods and resources and developing skills for an efficient use of raw materials. The Circular Economy Report, to describe and measure sustainability Measuring and reporting are ever more crucial to remain competitive on the market, in reputational terms as well. In order to present results or previously launched sustainability projects, the Hera Group will lend Fruttagel its consolidated experience in this field, designing and drafting along with this company a report on the sustainability performance reached. The report will be constructed by including indicators concerning the main services acquired/provided, for example recovery in waste managed, greenhouse gasses avoided, renewable energy used and the primary energy saved thanks to efficiency interventions and cogeneration plants. Through these numbers, it will be possible to better analyse these processes and their impact, introduce plans for improvement and transparently report to stakeholders. “This partnership with Fruttagel, a leading company nationwide, is a further initiative in the development of actions concretely aimed at a circular economy and decarbonisation, introduced by our company”, comments Stefano Venier,HeraGroup CEO. “The integrated contribution coming from our Group’s various specialised companies allows us to act as a single partner, ready to serve our clients and help them reach increasingly demanding and significant goals in sustainability, providing them with across-the-board solutions concerning all areas of a company’s activity”. “Fruttagel has published a yearly corporate report since 2010, now a Sustainability report, and has always guaranteed that its consumers receive genuine quality products that promote the principles of a correct and healthy diet. This however is no longer enough”, remarks Stanislao Fabbrino, Chairman and CEO of Fruttagel. “Consumers now not only wish to know “what” is inside our products, but also “how” they are made. Does the company behind these products respect the environment? Does it respond to issues found in the surrounding communities? Does it monitor its employees’ needs? Does it pay famers the right price? The answers to all these questions are found in our company’s Sustainability report, but they also require a great deal of commitment and investment, especially concerning issues in environmental sustainability. This is why we have signed this agreement; we need to collaborate with circular economy specialists and, since we wish to demand more of ourselves, we want the best. We’re working on a new three-year business plan, in which we will set out ambitious targets in sharply reducing the amount of virgin plastic, cutting the amount of CO2 generated by our activities, recovering a larger percentage of processing water and using an increasing amount of energy from renewable sources. We wish to work alongside Hera in meeting all these goals”. 2020-09-17 15:54:00 Firma_accordo_Fruttagel_110.1600351275.jpg 2020-06-18

The Hera Group continues to rise in Refinitiv’s international ranking, the “Diversity & Inclusion Index”, a reference point for investors who look with interest towards the businesses committed to promoting diversity, inclusion and people development. Twelfth overall and second in Italy in the 2020 edition, Hera furthermore ranked once again as the world’s leading multi-utility. The Hera Group continues to rise in Refinitiv’s international ranking, the “Diversity & Inclusion Index”, a reference point for investors who look with interest towards the businesses committed to promoting diversity, inclusion and people development. Twelfth overall and second in Italy in the 2020 edition, Hera furthermore ranked once again as the world’s leading multi-utility. This year as well, the “Diversity & Inclusion Index” confirms the Group’s presence among the world’s 25 most interesting companies for investors inclined towards companies committed to guaranteeing diversity and inclusion. It is now well-known internationally, indeed, that companies adopting policies oriented towards Diversity & Inclusion (D&I) can obtain both economic and social benefits, in terms of sustainability and wellbeing. In the 2020 edition, which examined a broader range of listed companies coming to over 9,000 worldwide, Hera’s score of 77 points made it the second company in Italy and 12th in the world, further improving its position (after ranking 14th in 2019). The Group was furthermore confirmed as the leading multi-utility globally. The “Diversity & Inclusion Index” was conceived and is carried out by the international financial information giant Refinitiv (formerly Thomson Reuters), which analyses corporate performance based on a range of ESG (environmental, social and governance) factors. It mainly focuses on four areas: diversity, inclusion, people development and controversies published in the media. This is one of the world’s foremost initiatives in data collection and analysis concerning the commitment shown by companies towards these issues. This result comes only a few weeks after Hera stock, already listed on the FTSE MIB as of March 2019, was included in the FTSE4Good, an important set of ethical indexes created to encourage investment in companies that meet rigorous criteria in the environmental, social and governance area. These recognitions prove that our company’s attention towards these issues have made it a pioneer, nationally and internationally. As early as 2009, indeed, our multi-utility signed the Charter for equal opportunity and equality on the workplace, and in 2011 it introduced a Diversity Manager who, supported by a team of employees coming from various areas and companies belonging to the Group, is responsible for planning projects that reflect the company’s policy in valorising diversity, equal opportunity and equality on the workplace. The centre of the Hera Group’s personnel policy is unquestionably its corporate welfare plan, which supports employees and their families, dedicating 4.5 million euro overall in services requested in 2019 alone. Our multi-utility, furthermore, has always invested in developing personalised internal career paths. The percentage of women covering roles of responsibility increased in 2019, coming to 33%, as did the amount of female personnel, reaching 26.6%, well above the national sector average. Equal opportunity is accompanied by a significant amount of training, which 99.4% of workers received in 2019 (roughly 30 hours per capita on average, in this case as well higher than the sector average). Nor can we forget the use of innovative methodologies, such as Diversity@work, conceived to raise awareness among the company’s entire workforce as to a diverse and inclusive environment. “Our commitment towards promoting our employees’ wellbeing and development is one of the cornerstones of our corporate policy”, remarks Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group. “This is why ranking, once again, among the world’s best companies in Diversity & Inclusion drives us to do even better. We will continue to make efforts to put these values at the centre of the paths conceived for the workers engaged in all our activities, convinced that encouraging an inclusive internal culture will also lead to benefits for the over 4 million citizens we serve every day.” 2020-09-16 15:29:00 0G4A1631.1398693050 (1).jpg 2020-06-18

Bologna, 03 September 2020 - The following table contains the data concerning the shares outstanding and the number of voting rights representing the share capital as at 31 August 2020. 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 2,243,338,785 1,489,538,745 2,243,638,785 Ordinary shares (regular dividend rights: 01.01.2020) - cod. ISIN IT0001250932 Current coupon: n. 19 735,738,705 735,738,705 735,438,705 735,438,705 Ordinary shares with increased voting rights (regular dividend rights: 01.01.2020) - cod. ISIN IT0005159972 Current coupon: n. 19 753,800,040 1,507,600,080 754,100,040 1,508,200,080 Comunicato stampa 20200903_Communication_overall_amount_of_voting_rights_art_85_bis_RE_eng.1599147462.pdf 2020-09-03 15:29:00 piloni_110x150.1461840758.png 2020-07-02

Bologna, 05 August 2020 - The following table contains the data concerning the shares outstanding and the number of voting rights representing the share capital as at 31 July 2020. 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 2,243,638,785 1,489,538,745 2,245,438,785 Ordinary shares (regular dividend rights: 01.01.2020) - cod. ISIN IT0001250932 Current coupon: n. 19 735,438,705 735,438,705 733,638,705 733,638,705 Ordinary shares with increased voting rights (regular dividend rights: 01.01.2020) - cod. ISIN IT0005159972 Current coupon: n. 19 754,100,040 1,508,200,080 755,900,040 1,511,800,080 Comunicato stampa 20200805_Communication_overall_amount_of_voting_rights_art_85_bis_RE_eng.1596615871.pdf 2020-08-05 09:13:00 piloni_110x150.1461840758.png 2020-07-02

Although feeling the impact of the Coronavirus emergency, the half-year report shows operating-financial indicators rising, thanks to increased efficiency achieved in the Group's various business areas and the recently enlarged scope of operations. Financial highlights Revenues at 3,402.3 million euro (+0.9%) Ebitda at 559.7 million (+2.5%) Net profit at 174.9 million (+0.6%) Net financial position improves to 3,083.6 million Operating highlights Good contribution coming from both internal growth and the recently enlarged scope of operations, which more than offset the negative effects of the nationwide emergency Further activities introduced to support all stakeholders Solid customer base in energy sectors, with customers increasing sharply to 3.3 million thanks to the recent Ascopiave partnership Today, the Hera Group's Board of Directors, chaired by Tomaso Tommasi di Vignano, unanimously approved the consolidated operating results for the first half of 2020. The positive trend shown by our multi-utility was confirmed, with main operating-financial indicators improving, in spite of a few inevitable negative impacts caused by the health emergency that broke out across the country. In general, the good results reached confirm once again the Group's valid business model, which balances regulated and free-market activities, along with internal and external growth, creating value for the areas served. Relying on its own financial solidity, Hera continued to proactively introduce, in the second quarter as well, a range of measures aimed at guaranteeing service continuity even while the emergency was still fully underway. Furthermore, support and protection were ensured for all main stakeholders, first and foremost employees, suppliers and customers, through means including favourable conditions for bill payments. Among the major changes in the Group's scope of operations compared to the first half of 2019, note the acquisition in July of the waste treatment plants belonging to Pistoia Ambiente in Tuscany and, in December, the closing of the partnership between Hera and Ascopiave. This latter transaction led, through EstEnergy, to the birth of the largest energy operator in North-Eastern Italy while at the same time redistributing the respective activities in gas distribution. In recent weeks, lastly, Hera stock was included in the FTSE4Good Index Series, a set of ethical indices conceived by FTSE Russell to bring together the best companies who, around the world, are actively committed to sustainable development. This important recognition came just over one year after Hera was listed on the FTSE MIB. Revenues rise to over 3.4 billion euro In the first half of 2020, revenues amounted to 3,402.3 million euro, up 30.7 million (+0.9%) over the 3,371.6 million seen in the same period of 2019. This growth was mainly due to the changes in the scope of operations, which offset the fall in revenues for trading, production and sales of electricity and gas, heat management and district heating. Revenues also fell in the waste management sector, owing to lower revenues in electricity generation and lower volumes of waste treated. Ebitda increases to 559.7 million euro Ebitda settled at 559.7 million euro, up 13.8 million (+2.5%) compared to the 545.9 million seen at 30 June 2019. In the first half of the year, the health emergency impacted all business areas, bringing about an overall decrease in margins coming to roughly 30 million euro, entirely due to non-recurring effects and in line with the projections communicated in late March, when the year-end report was approved. In spite of this, the changes in the scope of operations, especially the entry of the companies belonging to the EstEnergy Group following the partnership with Ascopiave, along with the numerous measures introduced to enhance efficiency, allowed Hera to offset the negative effects and keep growing, above all in the energy areas. Operating result grows to 295.7 million euro The operating result rose to 295.7 million euro, up 6.8 million (+2.4%) over the 288.9 million seen in the same period of 2019. Financial operations came to 56.2 million euro at 30 June 2020, changing by 11.3 million mainly due to the higher notional charges created by the put option concerning the shares held by Ascopiave and lower profits coming from joint ventures, largely owing to the consolidation of EstEnergy. This result was offset by an equal amount coming from improved debt management, with a reduction in the average medium and medium-long term interest rate. Pre-tax profits settled at 239.5 million euro, down slightly compared to the 244.0 million euro seen in the first half of 2019. Net profit rises to 174.9 million euro Profits at 30 June 2020 came to 174.9 million, up slightly (+0.6%) compared to the 173.9 million seen at 30 June 2019, while profits pertaining to Group shareholders amounted to 166.2 million euro, in line with the same period in the previous year. These results benefitted from a tax rate coming to 27%, a clear improvement with respect to the 28.7% recorded in the first half of 2019, thanks in particular to the Group's efforts in sustaining significant investments supporting a technological, digital and environmental transformation, in addition to the positive effects of the measures introduced by the government in the Relaunch Decree. Over 240 million invested, improvement in financial position In the first six months of 2020, the Group's overall investments amounted to 240.6 million euro, up 16.2% compared to the 207.0 million recorded at 30 June 2019. Operating investments mainly concerned interventions on plants, networks and infrastructures, in addition to investments involved in an intensive meter substitution and in the purification and sewerage area. Total investments also included financial investments coming to 45.5 million. The Group's net financial position, which reached 3,083.6 million euro at 30 June 2020, showed a 190 million (5.8%) decrease compared to the 3,274.2 million seen at 31 December 2019. This was due to a positive cash generation that entirely financed investments and M&A transactions, and that would also have been able to cover the annual dividend payment, which was postponed by a few weeks simply as a precautionary measure and regularly paid on 8 July. The Group's financial solidity was confirmed by the ROE and ROI profitability indices, which respectively came to 10% and 9%, and by the Net debt/Ebitda ratio, which settled at 2.81x in the first half of 2020, improving compared to the 3.02x recorded at the end of 2019. The Net debt/Ebitda ratio, not considering changes in the scope of operations and thus excluding the value of the put option for EstEnergy, improved to 2.35x, compared to the 2.55x seen for the same period one year earlier. Gas area Ebitda for the gas area - which includes services in natural gas distribution and sales, district heating and heat management - amounted to 200.8 million euro in the first half of 2020, improving compared to the 195.6 million seen at 30 June 2019 (+2.7%). This was mainly due to the entry of the new companies belonging to the EstEnergy Group and AmgasBlu, as well as the four portions of last resort services and two portions of default services awarded. The increase offset the lower volumes of gas sold and the lower margins in district heating and heat management, caused by the mild temperatures seen in the first half of 2020 and the negative effects coming from the Coronavirus emergency. Furthermore, distribution activities recorded the first effects of the revised tariffs introduced by Arera, effective as of 1 January 2020, which brought about a significant reduction in recognised operating costs and a fall in Wacc. The recent partnership with Ascopiave was also decisive in increasing the customer base, which rose by roughly 560 thousand (+38%), bringing gas customers to over 2 million. The gas area accounted for 35.9% of Group Ebitda. Water cycle area Ebitda for the integrated water cycle area - which includes aqueduct, purification and sewerage services - went from 122.8 million euro in the first half of 2019 to 122.7 million at 30 June 2020. Due to the negative effects of the Coronavirus emergency, new connections, customers requests and subcontracted works fell, but were largely offset by the efficiency enhancement measures introduced by the Group. The integrated water cycle area accounted for 21.9% of Group Ebitda. Waste management area Ebitda for the waste management area - which includes waste collection, treatment and disposal services -settled at 122.4 million euro in the first half of 2020, dropping slightly (-3.1%) compared to the 126.3 recorded at 30 June 2019, mainly due to the end of incentives for the Ferrara WTE plant and the negative impact of the Coronavirus emergency, which led most businesses to be closed, causing a fall in the production of waste, above all urban waste. These negative effects were partially offset by the positive trend in prices for special waste, whose volumes remained essentially unchanged in spite of the lockdown, even though they showed a different mix. In this particular context, the Hera Group indeed proved able to react swiftly, making its professional services available to the communities found in the areas served and to its own customers, to overcome the emergency together. All waste treatment plants remained operational and at the service of business customers who continued to produce essential goods, and continuing work was also done on initiatives concerning a circular economy, such as the beginning of the authorisation procedures required to create a second plant producing biomethane from the organic portion of waste, in the Ravenna area. Sorted waste settled at 64.4%, increasing slightly compared to the 63.4% seen in the first half of 2019. The waste management area accounted for 21.9% of Group Ebitda. Electricity area Ebitda for the electricity area - which includes services in electricity generation, distribution and sales - rose to 97.0 million euro in the first half of 2020, compared to the 86.3 million seen at 30 June 2019, with a 12.3% increase. Despite the negative effects of the health emergency, as with the gas area, this growth was mainly due to the changes in the scope of operations following the Ascopiave partnership, but the positive margins in electricity generation also partially contributed, especially as regards dispatching services. Customers increased by 160.4 thousand (+14%) over 30 June 2019, now reaching slightly over 1.3 million. This growth in the customer base was seen on the free market, due to the entry within the consolidated scope of operations of the companies belonging to the EstEnergy Group and AmgasBlu, and to reinforced marketing initiatives, which thus proved able to more than offset the drop seen in safeguarded and protected customers. The electricity area accounted for 17.3% of Group Ebitda. Statement by Executive Chairman Tomaso Tommasi di Vignano "We are satisfied with our ability to protect these half-year results from the negative impact of the Coronavirus emergency. Continuing efforts will be made in pursuing growth during the second half of the year as well, in line with the targets set out in our Business plan, hoping that the external context also moves in the direction of a complete recovery. Our solid growth levers (internal growth and M&As) have allowed us to continue creating value for our shareholders, by paying more than 160 million euro in overall dividends in early July, entirely covered by the cash generation achieved over the period". Statement by CEO Stefano Venier "Thanks to the numerous initiatives introduced and our growth strategy, we have succeeded in containing the negative financial impact of the Coronavirus emergency within the limit foreseen, at the same time confirming our profitability and financial solidity, as witnessed by the positive figures in the income statement and the decreased net financial position. In addition to meeting our commitments with shareholders and providing continuity in all main services, producing positive effects for our network of service suppliers as well, this solidity allowed us to sustain our stakeholders experiencing difficulty, including customers and suppliers, confirming our close relations with local communities". The manager responsible for drafting the company's accounting statements, Luca Moroni, declares, pursuant to article 154-bis paragraph 2 of the TUF, that the information contained in the present press release corresponds to the documentation available and to the account books and entries. The half-year financial report and related materials will be available to the public pursuant to the terms established by law at Company Headquarters, on the website www.gruppohera.it and on the authorised storage platform 1Info (www.1info.it ). Unaudited extracts from the Abbreviated Consolidated Half-Year Financial Statements at 30 June 2020 are attached. PROFIT & LOSS (MLN €) 30/06/2020 INC. % 30/06/2019 INC. % VAR. ASS. VAR.% Sales 3,402.3 3,371.6 +30.7 +0,9% Other operating revenues 222.6 6.5% 249.0 7.4% (26.4) (10.6%) Raw material (1,605.1) (47.2%) (1,699.2) (50.4%) (94.1) (5.5%) Services costs (1,151.0) (33.8%) (1,075.1) (31.9%) +75.9 +7.1% Other operating expenses (32.5) (1.0%) (29.8) (0.9%) +2.7 +9.1% Personnel costs (290.9) (8.5%) (286.6) (8.5%) +4.3 +1.5% Capitalisations 14.3 0.4% 16.0 0.5% (1.7) (10.6%) Ebitda 559.7 16.5% 545.9 16.2% +13.8 +2.5% Depreciation and provisions (264.0) (7.8%) (257.0) (7.6%) +7.0 +2.7% Ebit 295.7 8.7% 288.9 8.6% +6.8 +2.4% Financial inc./(exp.) (56.2) (1.7%) (44.9) (1.3%) +11.3 +25.1% Pre tax profit 239.5 7.0% 244.0 7.2% (4.5) (1.8%) Tax (64.6) (1.9%) (70.1) (2.1%) (5.5) (7.9%) Net profit 174.9 5.1% 173.9 5.2% +1.0 +0.6% Attributable to: Shareholders of the Parent Company 166.2 4.9% 166.2 4.9% +0.0 +0.0% Minority shareholders 8.7 0.3% 7.7 0.2% +1.0 +13.1% BALANCE SHEET (MLN €) 30/06/2020 INC.% 31/12/2019 INC.% VAR. ASS. VAR.% Net fixed assets 6,893.2 113.3% 6,846.3 108.9% +46.9 +0.7% Working capital (172.3) (2.8%) 87.0 1.4% (259.3) (298.0%) (Provisions) (638.7) (10.5%) (649.1) (10.3%) +10.4 (1.6%) Net invested capital 6,082.2 100.0% 6,284.2 100.0% (202.0) (3.2%) Net equity 2,998.6 49.3% 3,010.0 47.9% (11.4) (0.4%) Long term net financial debt 3,370.1 55.4% 3,383.4 53.8% (13.3) (0.4%) Short term net financial debt (286.5) (4.7%) (109.2) (1.7%) (177.3) +162.4% Net financial debts 3,083.6 50.7% 3,274.2 52.1% (190.6) (5.8%) Net invested capital 6,082.2 100.0% 6,284.2 100.0% (202.0) (3.2%) 1H 2020 1H 2020 Press release Analyst presentation 1H2020.pdf 2020-07-29 14:02:00 be_110x150.1584956497.png 2020-05-11

For the third consecutive year, the Group ranked first in the inquiry on integrating ESG factors within corporate finance. After pioneering this field by issuing Italy's first green bond and the first sustainable revolving line of credit, Hera has continued to place sustainability at the root of its strategies Sustainability, the centre of the Group's strategy Financial communities and investors, above and beyond considering a company's results, are increasingly looking into why and how these results are reached. This means that today, all businesses are required to integrate ESG factors into their strategic planning. This fundamental aspect has always set the Hera Group apart: sustainability is indeed a cornerstone of its financial and business strategies, with reference going above all to the UN's 2030 Agenda. The Group's financial tools as well, therefore, are in line with this vision. Hera made this a priority quite soon, interpreting the changes underway and providing itself with innovative models that have allowed it to take on a pioneering role in this sector and be attractive and competitive on the market. The Group was in fact the first company in Italy to issue a green bond, as early as 2014, with a similar bond issued in 2019. Two years ago, furthermore, Hera launched its first sustainable revolving line of credit, introducing a bonus mechanism for reaching specific environmental, social and governance (ESG) goals. The latter include, for example, further reducing the carbon footprint for energy production, reaching new targets in energy efficiency and improving sorted waste. Moreover, the Hera Group provides public utility services for 4.4 million citizens: creating shared value and positive side-effects for the communities served is a duty and a priority. This is one of the reasons why, for some years now, the Group has decided to measure and publicly release, in its annual sustainability report, the portion of its Ebitda that derives from activities that meet the sustainability goals set out in the UN's 2030 Agenda. This "shared value" Ebitda rose to 422.5 million in 2019, coming to 39% of total Ebitda, with a new target set at 42% for 2023, as defined in the Business plan. The Integrated Governance Index The Integrated Governance Index (IGI) is the only project that quantitatively measures the degree to which ESG factors are integrated into a company's management model (integrated governance). Developed by ETicaNews, with the scientific and legal support of associations and specialised advisors, this year marks the Index's fifth edition. In 2020, the businesses invited by IGI to participate included the top 100 listed companies in Italy, businesses that publish a non-financial statement and the country's top 50 non-listed companies, setting a record for the number of companies analysed. Integrated Governance Index 2020 - Top10 destra Integrated Governance Index 2020 - Top10 20200715_IGI_2020_eng.1594808925.pdf 2020-07-15 11:45:00 Integrated Governance Index 2020: Hera di nuovo sul podio per la finanza sostenibile 2020 Integrated Governance Index: Hera once again ranked at the top of sustainable finance 2020-07-15

After being included in the FTSE MIB in March 2019, Hera stock is now listed on this important series of ethical indexes created by FTSE Russell to encourage investment in companies that meet strict environmental, social and governance criteria. After being included in the FTSE MIB in March 2019, Hera stock is now listed on this important series of ethical indexes created by FTSE Russell to encourage investment in companies that meet strict environmental, social and governance criteria. Hera is now part of the FTSE4Good Index Series, a series of ethical indexes conceived by FTSE Russell to bring together the most outstanding companies that, across the world, show active commitment towards sustainable development. Hera's efforts in the area of sustainability, which have always marked its way of doing business, have thus received significant recognition once again, just over one year after the Hera was included in the FTSE MIB, the Borsa Italiana stock index that brings together the 40 largest companies on Piazza Affari. Alongside industrial growth, moreover, circular economy and risk management are the main directives around which Hera's latest business plan was conceived and drafted. Within 2023, the plan expects the amount of shared value Ebitda to increase to 530 million euro, reaching 42% of overall Ebitda. Additionally, investments - set at 2.9 billion euro over the time covered by the plan - concern above all networks and infrastructures, confirming the Group's particular attention towards their resilience to climate change issues, as well as innovation and the quality of the services offered to local areas. The FTSE4Good, created by FTSE Russell to encourage investment in companies that meet globally recognised standards in the area of social responsibility, constitutes an important reference point for creating benchmarks and ethical portfolios. Companies included in the FTSE4Good Index meet strict environmental, social and governance criteria and are therefore potentially better placed to capitalise on the benefits deriving from responsible business conduct. Hera_now_part_of_FTSE4Good_ENG.1594040723.pdf 2020-07-06 13:17:00 2020 Integrated Governance Index: Hera once again ranked at the top of sustainable finance Hera now part of the FTSE4Good Index Series, in recognition of the Group's attention towards sustainability 2020-07-06

Bologna, 02 July 2020 - The following table contains the data concerning the shares outstanding and the number of voting rights representing the share capital as at 30 June 2020. 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 2,245,438,785 1,489,538,745 2,251,438,785 Ordinary shares (regular dividend rights: 01.01.2019) - cod. ISIN IT0001250932 Current coupon: n. 18 733,638,705 733,638,705 727,638,705 727,638,705 Ordinary shares with increased voting rights (regular dividend rights: 01.01.2019) - cod. ISIN IT0005159972 Current coupon: n. 18 755,900,040 1,511,800,080 761,900,040 1,523,800,080 20200702_Hera_Communication_of_the_overall_amount_of_voting_rights.1593706573.pdf 2020-07-02 16:14:00 Integrated Governance Index 2020: Hera di nuovo sul podio per la finanza sostenibile Communication of the overall amount of voting rights 2020-07-02

Today, Hera acquired 4,688,231 Ascopiave shares from A2A, equivalent to 2% of the share capital, for a price set at 3.905 euro per share and a total of roughly 18.3 million euro. Today, Hera acquired 4,688,231 Ascopiave shares from A2A, equivalent to 2% of the share capital, for a price set at 3.905 euro per share and a total of roughly 18.3 million euro. The shareholding acquired, which arose out of a market opportunity, follows up on the similar transaction seen on 31 January 2020. In the present case as well, it was carried out jointly with Asco Holding, in order to reinforce the previously existing partnership with EstEnergy. 2020-06-18 12:51:00 2020-06-18

Today, Hera acquired 4,688,231 Ascopiave shares from A2A, equivalent to 2% of the share capital, for a price set at 3.905 euro per share and a total of roughly 18.3 million euro. Today, Hera acquired 4,688,231 Ascopiave shares from A2A, equivalent to 2% of the share capital, for a price set at 3.905 euro per share and a total of roughly 18.3 million euro. The shareholding acquired, which arose out of a market opportunity, follows up on the similar transaction seen on 31 January 2020. In the present case as well, it was carried out jointly with Asco Holding, in order to reinforce the previously existing partnership with EstEnergy. 20200618_press_release_Ascopiave_shares_ENG.1592478772.pdf 2020-06-18 12:51:00 2020 Integrated Governance Index: Hera once again ranked at the top of sustainable finance Hera acquires an additional 2% of Ascopiave share capital 2020-06-18

In a meeting held today, Hera S.p.A.'s Board of Directors assessed the independence of its own members, appointed by the Shareholders Meeting convened for 29 April 2020. Based on statements provided by the Directors and the information available to the Company, all directors, with the exception of the Chairman and the CEO, proved to possess the independence requisites specified by principle 3.C.1 of the Code of Conduct and by article 148 paragraph 3 of Legislative Decree 58/1998. Furthermore, note that the Board of Statutory Auditors, in compliance with Art. 8.C.1 of the Code of Conduct, has verified that all its members possess the independence requisites and has communicated the results of these verifications to the Board of Directors. The members of the Internal Committees were moreover appointed: For the "Executive Committee", Tomaso Tommasi di Vignano, acting as Chairman, Gabriele Giacobazzi, acting as Vice Chairman, Stefano Venier and Alessandro Melcarne were appointed; For the "Remuneration Committee", Gabriele Giacobazzi, acting as Chairman, Monica Mondardini, Fabio Bacchilega and Alice Vatta were appointed; For the "Control and Risk Committee" (which also corresponds to the Committee for Operations with Related Parties), Gabriele Giacobazzi, acting as President, Erwin Paul Walter Rauhe, Lorenzo Minganti and Paola Gina Maria Schwizer were appointed; For the "Ethics and Sustainability Committee", Federica Seganti, acting as Chairman, Filippo Maria Bocchi, Cristiana Rogate and Alice Vatta were appointed. 20200513_cs_nomina_comitati_interni_e_indipendenza_amministratori_e_sindaci_ENG.1589376151.pdf 2020-05-13 14:49:13 Hera Spa 2020-05-13

Kindly note that as of today the minutes of the Shareholders Meeting held on 29 April 2020, as well as the articles of association containing the amendments approved by the Shareholders' Meeting, are available at company headquarters, on the Hera Group's website (https://eng.gruppohera.it/group/), in the section dedicated to Corporate Governance, and on the authorised storage website 1INFO. We also inform that the aforementioned minutes was registered with the Companies' Register of Bologna on 6 May 2020. Copia_di_20200508_pubblicazione_verbale_Assemblea_e_Statuto_ENG.1588928380.pdf 2020-05-08 11:17:00 Integrated Governance Index 2020: Hera di nuovo sul podio per la finanza sostenibile 2019-03-28

The focus of the 2019 Sustainability Report goes to the areas served and the creation of shared value. The Group thus confirms its efforts in responding to today's environmental and socio-economic challenges. Numerous activities introduced this year as well to protect and sustain stakeholders. The focus of the 2019 Sustainability Report goes to the areas served and the creation of shared value. The Group thus confirms its efforts in responding to today's environmental and socio-economic challenges. Numerous activities introduced this year as well to protect and sustain stakeholders. The Hera Group's 2019 Sustainability Report, which contains economic, social and environmental responsibility data, including a focus on the commitments made, the results achieved and future prospects, is now available on the dedicated webpage.This year, the Group's responsibility comes through even more clearly, given that the Report was drafted during a highly particular moment, during the national health emergency, which saw Hera make the utmost efforts in guaranteeing service continuity, as well as protecting and ensuring the safety of employees, customers and stakeholders in general. The primary emphasis went once again to creating shared value, which refers to Hera's ability to meet the needs of the areas served and rise to the challenges involved in moving towards sustainability. In so doing, an account was given of the amount of Ebitda deriving from the Group's activities that respond to the priorities established by the UN Agenda, in three areas in particular: smart use of energy, efficient use of resources and innovation and contribution to development. Confirmation of the Group's strategic approach: "shared value" Ebitda grows by 13% In 2019, "shared value" Ebitda came to 422.5 million euro, up 13% over the previous year and now equivalent to 39% of total Ebitda. This percentage fully respects the targets set out in the business plan, which expects "shared value" Ebitda to reach 42% in 2023. This indicator measures the progress made towards sustainability, and 20% of variable remuneration for the Group's top management depends on it. As of this year, it is also subjected to verification by an external firm. Over 2 billion euro distributed to stakeholders in local areas The Hera Group's significant role in the socio-economic fabric in which it operates was confirmed. In the areas served, the overall value distributed to workers, shareholders, suppliers, public administrations and local communities rose to 2,131 million, of which 695 million euro went to local suppliers (+10% over the previous year), with an impact on employment coming to roughly 8,400 people. As regards job stability, 96.6% of employees had open-ended contractsin 2019 and 537 new workers were hired. Innovation and sustainable development of local areas: 78 million in investments Investments in innovation amounted to roughly 78 million euro, mainly concentrated on smart cities, circular economy, utility 4.0 and customer experience. In 2019, furthermore, continued efforts were made in developing digital channels for customer relations: downloads of the app My Hera, dedicated to residential customers, more than doubled compared to 2018, reaching 230 thousand. As regards air protection, positive results were seen once again in the emissions of the Group's waste-to-energy plants, which in 2019 as well were 86% lower on average than legal requirements. Furthermore, in the area of soil protection, note that soil reuse in projects implemented by Hera over the year came to 77% of the total. Smart use of energy: Hera reduces its own consumption by 5.1% As regards a smart use of energy, the fields in which the Group's action is focused mainly concern reducing its own energy consumption and that of its customers, in addition to promoting renewable energies and decarbonisation. Internally speaking, the efforts made towards energy efficiency increased in 2019 as well, leading to a 5.1% reduction in the energy consumed in its own activities compared to 2013 (the equivalent of over 11,700 tons of oil equivalent). The target of 5% by 2020 was thus surpassed, one year in advance. Residential and business customers, on the other hand, can rely on a range of offers with solutions in energy efficiency (with 20% of customers taking advantage of them as of the end of 2019), to which the Consumption Log was added in 2019, a free report aimed at raising awareness on energy savings, newly planned in a collaboration with the Milan Polytechnic. In 2019, the Hera Zero Footprint offer was also launched, aimed at decarbonisation. Not only is this offer based on 100% renewable electricity, it also guarantees that the greenhouse gas emissions caused by natural gas consumption will be compensated by carbon credit acquisitions. Within the Hera Group, to reduce the impact of its own activities on the climate, renewable electricity has been used for some time to fuel the operating activities of the Group's main companies over the various areas served. Furthermore, thanks to the S. Agata Bolognese (BO) plant, in 2019 the Group produced 6.5 million cubic metres of biomethane from organic waste. Efficient use of resources: European goals for 2035 already met As regards resource efficiency, the Group further increased sorted waste in 2019, reaching 64.6% in an area served with 3.2 million inhabitants, located in 187 municipalities across five regions. At the same time, the use of landfills dropped once again, settling at 3.4%, against the Italian average of 24% in 2018 (latest data available), reaching and surpassing, almost 20 years ahead of time, the European Union's goal - which considers this to be the last form of waste disposal to be used - set at 10% by 2035. Once again concerning a circular economy, note the increase in recovery of materials and energy in Herambiente's selector plants, coming to 83% in 2019 (77% in 2018). Last year also saw the introduction of important initiatives regarding circularity in other areas, including the Group's water management project, which allowed it to reduce its own water consumption by 5.5%; the distribution of the Consumption Log to a selection of roughly 80 thousand water service residential customers, with the aim of improving their behaviour; and the circular procurement project that aims at introducing the principles of a circular economy into acquisition processes. Numerous initiatives benefitting stakeholders during the Coronavirus emergency Precisely because sustainability and shared value creation are the fundamental levers of the company's strategy, numerous activities were deployed by the Hera Group this year as well, during the health emergency that struck the country, to protect and sustain all stakeholders. These include measures aimed at ensuring health and safety for Group employees, eased terms for customers (families and businesses) in paying bills, and the suspension of service interruption for customers in arrears. It must also be mentioned that the full service continuity offered by Hera guaranteed concrete and stable support for the entire supply and demand chain. Lastly, in order to remain close to the subjects most directly involved, at the forefront in managing the crisis and its social effects, Hera introduced various initiatives in fundraising and donations, with the involvement of employees and customers as well. 20200507_2019_Sustainability_Report_ENG.1590053821.pdf 2020-05-07 11:28:00 2020 Integrated Governance Index: Hera once again ranked at the top of sustainable finance Hera Group: over 2 billion distributed to local stakeholders 2020-05-21

The Group continues along its path of growth, creating value for shareholders and local areas. Continuity in governance, with the new Board of Directors confirming Tomaso Tommasi di Vignano as Executive Chairman and Stefano Venier as CEO. The ordinary and extraordinary sessions of the Hera Shareholders Meeting were held in Bologna this morning. Following the resolutions approved, the Meeting appointed the members of the Board of Directors and the Board of Statutory Auditors for the next three years. Furthermore, the 2019 financial statements were approved, as was the ensuing payment of a dividend coming to 10 cents per share. Financial statements approved, with strong growth in results In the ordinary session, the Meeting approved the 2019 financial statements, whose results showed further improvement over the previous year, more than offsetting the significant impact of another partial reduction in incentives for waste to energy plants and lower margins from safeguarded customers. The partnership with Ascopiave, which was finalised in December 2019 and led to the creation of the main energy operator in North-Eastern Italy, will contribute to results as of the beginning of the current year. In particular, 2019 closed with revenues reaching 7,443.6 million euro (+12.3%), Ebitda at 1,085.1 million (+5.2%) and net profits for Shareholders coming to 385.7 million (+36.8%). The Group's path of growth, 17 years after its establishment, continues to balance regulated and free market activities and internal and external growth, achieving significant economies of scale and increasing synergies, thanks to a multi-business approach which over time has proven to be a winning strategy for Hera, now Italy's leading multi-utility by capitalisation. Go-ahead given to a 10 cent/share dividend payment The Meeting thus approved the Board of Directors' proposal to pay a 10 cent/share dividend, reflecting the intention previously announced in the Business plan. The coupon date has been set at 6 July 2020, with payment as of 8 July 2020. The overall 2019 return for Shareholders thus came to 50%, owing to the annual dividend approved and the increase in the value of Hera stock during 2019, sustained by results exceeding expectations and its inclusion in the FTSE MIB index. Further confirmation was thus given to the Group's commitment towards creating value for allstakeholders, with the Business plan calling for a transparent dividend policy, increasing to 12 cents in 2023. The sustainability report: shared value Ebitda at 422.5 million The 2019 sustainability report was also presented during the Meeting. This document shows that the Group's improvement in operating-financial results is accompanied by an increased creation of shared value and positive effects for the areas served, in the interests of local communities and, more generally, all stakeholders, in line with the United Nations' Global Goals. In particular, in 2019 the Hera Group's shared value Ebitda came to 422.5 million euro, accounting for 39% of overall Ebitda (+13% over the 375.2 million seen the previous year). This result perfectly reflects the projections included in the Business plan, which expects this figure to reach 42% in 2023. Appointment of the Board of Directors Furthermore, the members of the Board of Directors were chosen for the next three years (until the Shareholders Meeting called to approve the 2022 financial statements). The results of the vote led the following to be appointed: Majority list (representing Hera's public shareholders agreement): Tomaso Tommasi di Vignano, Stefano Venier, and the independent directors Gabriele Giacobazzi, Monica Mondardini, Fabio Bacchilega, Danilo Manfredi, Lorenzo Minganti, Manuela Cecilia Rescazzi, Marina Vignola, Alessandro Melcarne and Federica Seganti. Minority list: the independent directors Erwin Paul Walter Rauhe, Paola Gina Maria Schwizer, Alice Vatta, Bruno Tani. The CVs of the new directors are available on the webpage: http://www.gruppohera.it/gruppo/corporate_governance/assemblee/ Appointment of the Board of Statutory Auditors As regards the Board of Statutory Auditors, the following were appointed: Majority list (representing Hera's public shareholders agreement): Marianna Girolomini, Antonio Gaiani (standing auditors), Valeria Bortolotti (alternate auditor). Minority list: Myriam Amato (Chairman), Stefano Gnocchi (alternate auditor). The CVs of the new auditors are available on the webpage: http://www.gruppohera.it/gruppo/corporate_governance/assemblee/ Presence of women in the BoD and the Board of Statutory Auditors The composition of the corporate governance bodies fully respects the content of Law no. 160, 27 December 2019, effective as of 1 January 2020. Replacing the previous Law no. 120 (2011), this law raised the percentage of members from at least one third to two fifths as regards both administration and control bodies, and increased the period in which the new criterion for subdivision is valid to six consecutive mandates. The number of women in the Board of Directors comes to 6 members out of 15, and in the Board of Statutory Auditors comes to 1 standing auditor out of 3. As regards the Board of Statutory Auditors, Communication Consob no. 1 of 30 January 2020 clarified, in fact, that in appointing control bodies made up of three standing auditors, the amount required is to be rounded down to the nearest whole number. The other resolutions approved The Meeting also renewed authorisation for the Board of Directors to purchase treasury shares (along with the ways in which they may be used), coming to a maximum amount of 270 million euro over 18 months, while at the same time revoking the previous year's resolution as regards the non-enacted part. This renewed authorisation for the use of treasury shares was requested to pursue the aims permitted by law and market practices, in order to increase the creation of value, within transactions for which new investment opportunities arise, as was the case last year with the merger of Cosea Ambiente and CMV, financed with the treasury shares held. Lastly, the Meeting approved the Report on remuneration and compensation paid, in line with international best practices. Chairman and CEO confirmed The inaugural meeting of Hera's new Board of Directors, appointed during the morning by the Shareholders Meeting, was held in the afternoon in Bologna. This body proceeded to appoint its Chairman, Vice Chairman and CEO. Tomaso Tommasi di Vignano was confirmed as Hera's Chairman, acting as executive administrator. Born in Brescia, he has been at the head of the Hera Group since its creation in 2002, after gaining considerable experience in the telecommunications and utilities sectors. Gabriele Giacobazzi was appointed as Hera's (non-executive) Vice Chairman. Born in Modena, he is the President of Italy's Association of Engineers and adjunct professor at the University of Modena and Reggio Emilia's Faculty of Engineering. The offices he has previously held include President of the Politecnica cooperative, in the planning sector, and he has also chaired the Oice, the National association of planning organisations, affiliated with Confindustria. Stefano Venier was confirmed as CEO. Born in Udine and at Hera since 2004, in the past he held the office of General Director for Development and Market. Previously, Venier covered positions involving increasing responsibility in the Eni Group and within a leading international consulting firm, for which he acted as Vice Chairman for Energy & Utilities from 2002 to 2004. The confirmation of the Executive Chairman and the CEO bears witness to the continuity seen in the Group's governance, which is one of the Hera Group's main strong points. 20200429_Assemblea_Soci_e_nomine_OK_eng.1588170237.pdf 2020-04-29 15:59:00 110_assemblea.1393520601.jpg 2020-04-29

The 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 29 April 2020, are available to the public at Group headquarters, in the dedicated section of the company's website (https://eng.gruppohera.it/group/corporate_governance/shareholders_meetings/) and on the authorised storage mechanism1INFO, which can be accessed at www.1Info.it. With the same modalities, the proposed resolutions for items 5 (Determination of remuneration for members of the Board of Directors: related and consequent resolutions) and 7 (Determination of remuneration for members of the Board of Statutory Auditors: related and consequent resolutions) on the Agenda, presented by the majority Public Shareholders, have been made available to the public. riunione.1501227958.jpg 20200408_press_release_publication_of_candidate_lists.1586341765.pdf 2020-04-08 12:29:00 Pubblicazione documentazione inerente l'Assemblea dei Soci del 29 aprile 2020 Publication of documents related to the AGM of 27 April 2017 2017-04-05

Kindly note that the following documents, approved by the Hera S.p.A. Board of Directors, have been made available to the public at company headquarters, on the website www.gruppohera.it and on the authorised storage platform 1INFO (www.1Info.it): folder containing the draft Separate and consolidated financial statements at 31/12/2019; Sustainability report - consolidated non-financial statement drafted pursuant to decree 254/2016. In the same way, the Hera S.p.A. Board of Directors' Explanatory report for item 2 on the Agenda is also available. 20200407_pubblicazione_bilancio_ENG.1586237417.pdf 2020-04-07 19:20:00 2020 Integrated Governance Index: Hera once again ranked at the top of sustainable finance Publication of the draft Separate and consolidated financial statements at 31/12/2019 2018-04-04

With reference to the Extraordinary and Ordinary Shareholders' Meeting of Hera S.p.A., convened at the registered office in Bologna, Viale C. Berti Pichat no. 2/4, for the day of 29 April 2020 at 10am, at single call, in supplementation of what was already indicated in the Notice of Call published by the Company on 17 March 2020, as well as by virtue of the measures adopted by the competent Authorities aimed at containing, combating and managing the epidemiological emergency caused by the Covid-19 virus, it is noted that, in accordance with Art. 106, paragraph 4 of Italian Decree-Law 17 March 2020, no. 18 ("Decree"), attendance at the Shareholders' Meeting will take place exclusively by the Designated Representative (more specifically Computershare S.p.A.) pursuant to Art. 135-undecies of Italian Legislative Decree no.58 dated 24 February 1998 ("Consolidated Finance Law" - TUF). The aforementioned Designated Representative may also be granted delegations or sub-delegations in accordance with Art. 135-novies of the Consolidated Finance Law, in derogation of Art. 135-undecies, paragraph 4 of that Law. Any physical attendance of the individual shareholders or their delegates, other than the Designated Representative, is therefore precluded. Therefore, each person legitimated to attend at the Shareholders' Meeting must grant a delegation and the respective voting instructions to the Delegated Representative, by completing and signing the specific form, which will be made available, as soon as possible, on the Company's internet website www.gruppohera.it in the section Corporate Governance, Shareholders' Meeting. In light of the foregoing, the methods of granting the delegation to the Designated Representative are indicated below, in partial modification of what is envisaged in the Notice of Call of the Shareholders' Meeting, published on the Company's internet website and disseminated by way of the authorised storage mechanism on 17 March 2020, as well as reported in extract in the newspaper "Il Sole24Ore" on the same date, as follows: Instructions for Granting Delegation and Voting Instructions to the Designated Representative The delegation with voting instructions must be granted, free of charge, by the person entitled to vote, legitimated in the forms of law, to Computershare S.p.A., as Designated Representative, by completing and signing the specific form, which will be made available, as soon as possible, on the Company's internet website www.gruppohera.it in the section Corporate Governance, Shareholders' Meetings or at the Company's registered office, to be sent, by the methods indicated in that form, by the end of the second open market day preceding the date fixed for the Shareholders' Meeting at single call (i.e. by 27 April 2020). The delegation thus granted has effect only for proposals in relation to which the voting instructions have been granted. The delegation and voting instructions are revocable within the same period set out above (namely, by 27 April 2020). No vote by correspondence or by electronic means is permitted. The persons legitimated to attend at the shareholders' meeting (members of the Board of Directors and the Board of Statutory Auditors and the Designated Representative and Secretary) may attend also or exclusively by means of telecommunication which guarantee their identification, as provided by Art. 106, paragraph 2 of the Decree. Resolution proposals by the Shareholders on the items on the agenda In view of the fact that attendance at the Shareholders' Meeting is permitted exclusively by way of the Delegated Representative, to allow the Shareholders to grant complete voting instructions, the persons entitled to vote may formulate to the Company, in writing, resolution and/or voting proposals on the items on the agenda of the Shareholders' Meeting by 13 April 2020 at 3pm by means of certified email sent to heraspa@pec.gruppohera.it. Each resolution proposal must indicate the item on the agenda to which it refers and indicate the specific resolution. Each proponent must communicate its share of investment and indicate the references of the intermediary's communication certifying the legitimacy to attend the shareholders' meeting. The company will publish on its website by 14 April 2020 the resolution proposals formulated by the Shareholders. This is without prejudice to the other information contained in the Notice of Call published on 17 March 2020, to which reference is made. INTEGRAZIONE_all_avviso_di_convocazione_Assemblea_Hera_SpA_29.04.2020_EN.1585837791.pdf 2020-04-03 08:15:00 110x150_heraspa.1475082913.jpg 2019-03-28

The Group, included one year ago in the FTSE MIB, closed the year with improvement in all main results, continuing along its path of uninterrupted growth and creating value for shareholders and local areas. Proposed dividends at 10 cents per share, in line with the content of the Business plan. Financial highlights Turnover at 7,443.6 million euro (+12.3%) Ebitda at 1,085.1 million euro (+5.2%) Net profits at 402.0 million euro (+35.5%) Net profits for Shareholders at 385.7 million euro (+36.8%) Adjusted net debtat 2,690.8 million euro, while Net debt/Ebitda improves to2.48x excluding the transaction with Ascopiave Proposed dividends at 10 Euro cents per share Operating highlights Good contribution to growth coming from business areas, especially the gas, water and waste management sectors Positive results thanks to both internal and external growth Sharp rise in energy customers, which reach roughly 3.3 million thanks to the partnership with Ascopiave Sorted waste increases to an average of 64.6% across the areas served Improvement in all sustainability indicators, with shared value Ebitda growing to 422.5 million euro (+13%) Today, the Hera Group’s Board of Directors, chaired by Tomaso Tommasi di Vignano, unanimously approved the consolidated economic results at 31 December 2019 and theReport on remuneration policies and compensation paid, along with the Sustainability report. 17 years of uninterrupted growth, with improvement in all main operating-financial and sustainabilityindicators The Hera Group closed the 2019 financial year with improved results and Ebitda higher than the figure included in the forecast published in January, a significant achievement made despite the effects of a further partial reduction in incentives for waste-to-energy plants and lower income from safeguarded customers. The partnership with Ascopiave, completed last December and responsible for the creation of the largest energy operator in North-Eastern Italy, will be consolidated in the results for 2020. The Group’s path of development, 17 years after its birth, balances regulated and free-market activities and combines internal and external growth, reaching significant economies of scale and increasing synergies, thanks to a multi-business approach that over time has proven to be a winning strategy for Hera, now Italy’s leading multi-utility by capitalisation. The improvement seen in operating-financial results was accompanied by an increased creation of shared value, which for some time now has measured the progress made by the company toward sustainability.  Turnover above 7.4 billion, up 12.3% The Hera Group’s 2019 turnover rose to 7,443.6 million euro, with an 817.2 million increase (+12.3% compared to the 6,626.4 seen in 2018), thanks in particular to trading and higher volumes of gas and electricity sold, as well as higher revenues for waste treatment. Ebitda grows to 1,085.1 million (+5.2%) Group Ebitda increased to 1,085.1 million euro (+5.2%), up 54 million compared to the 1,031.1 million seen in 2018. This growth was sustained by the Group’s various business activities, with the energy areas rising by 20.1 million overall, mainly thanks to a good performance in the gas area and positive contributions also coming from the water and waste management areas. Operating results and pre-tax profits increase Operating results also rose, reaching 542.5 million euro, with a 32.4 million increase (+6.4% compared to the 510.1 seen in 2018), despite higher operating amortisation for capital expenditures made in developing infrastructures. Pre-tax profits went from 418.5 million euro in 2018 to 442.5 million (+5.7%), up 24 million euro, and financial management increased by 8.3 million. Net profits pertaining to Shareholders increase to 385.7 million euro (+36.8%) Group net profits grew to 402.0 million euro (+35.5%), showing a 105.4 million increase over the 296.6 seen one year earlier. Without considering the non-recurring effects of the transaction with Ascopiave, net profits pre-minorities would amount to 317.1, up 6.9%. The adjusted tax rate, based on pre-tax results net of special items, came to 28.3%, improving compared to the 29.1% recorded at 31 December 2018, thanks in particular to the Group’s commitment towards sustaining capital expenditures for technological, digital and environmental transformation, along the lines of Utility 4.0. Profits pertaining to Shareholders came to 385.7 million euro (+36.8%), with a sharp increase over the 281.9 million seen in 2018. Capital expenditures rise to 533.8 million euro, with Net debt/Ebitda ratio showing further improvement at 2.48 Including capital grants, overall 2019 capital expenditures came to 533.8 million euro, up 15.4% compared to the 462.6 million seen one year earlier. Capital expenditures mainly went towards interventions on plants, networks and infrastructures, in order to guarantee efficiency, safety, resilience and innovation, in addition to regulatory upgrading that primarily concerned gas distribution, with an intensive meter substitution, and the purification and sewerage areas. Net capital expenditures amounted to 509.2 million. Adjusted net debt, excluding the transaction with Ascopiave, settled at 2,690.8 million euro, rising compared to the previous year (2,585.6 million in 2018), mainly as a result of adopting the new accounting standard IFRS 16. An increase in operating cash flow generation allowed higher capital expenditure and higher dividends, in addition to the M&A transactions seen over the year, to be almost entirely covered. Further improvement was seen in the Net debt/Ebitda ratio, which fell to 2.48x (compared to 2.51 in 2018), not including the financial impact of the Ascopiave transaction; including the latter, this indicator came to 3.02x. The Group’s financial solidity is reflected by the opinions expressed by major rating agencies: Baa2 with a Stable outlook from Moody’s and BBB with a Positive outlook from Standard & Poor’s. Further improvement in the Group’s sustainability, shared value Ebitda rises to 39% These positive operating results were matched by the Group’s ever-increasing attention towards sustainability. The Hera Group was among the first to introduce, in 2016, shared value reporting, covering all business activities that in addition to generating Ebitda for the company respect the drivers of sustainable development defined by the UN’s 2030 Agenda and, more generally speaking, various national and international policies. The Hera Group’s 2019 shared value Ebitda amounted to 422.5 million euro, accounting for 39% of overall Ebitda (+13% compared to the 375.2 million seen one year earlier). This result is perfectly in line with the path set out by the Business plan, in which this indicator is projected to reach 42% by 2023, and testifies to the Group’s strong commitment towards the issues involved in sustainability. Proposed dividends at 10 cents per share The Board of Directors, in light of the positive results achieved, has decided to put a dividend of 10 cents per share to the Shareholders Meeting called for 29 April 2020, in line with the previously published content of the Business plan. In agreement with Borsa Italiana, the ex-dividend date has been set at 6 July 2020, with payment as of 8 July 2020. The dividend will be paid to shares recorded on 7 July 2020. Notice of call for the Shareholders Meeting The Shareholders Meeting has been called for 29 April 2020. Considering the current epidemiological emergency caused by COVID-19 and its developments, which cannot be foreseen at the moment, the Company reserves the right, if and when so allowed or required by any possible future legislation and regulations, and within the limits defined therein, to: postpone the date of the Shareholders Meeting and, consequently, the deadlines for exercising the shareholders’ rights indicated in the notice; indicate the specific forms in which Shareholders may participate in the meeting; in any case, adopt all measures and introduce all initiatives deemed necessary or even only appropriate in order to allow the meeting to be held in safe conditions, in accordance with the aforementioned legislation. In this event, the notice of call, as potentially modified, will be communicated to Shareholders and made available to the public in the forms ordinarily foreseen by the law and the Articles of Association, unless otherwise indicated by future developments in legislation. Approval for the Report on remuneration policies and compensation paid The Board of Directors furthermore approved the Report on remuneration policies and compensation paid, in line with international best practices. Gas area Ebitda for the gas area – which includes services in natural gas distribution and sales, district heating and heat management – grew significantly compared to the previous year, in terms of both margins and volumes sold, rising to 341.6 million euro (+7.9%), 25.1 million higher than the 316.5 million seen in 2018. This result was reached mainly thanks to a larger amount of trading and higher sales margins recorded for both final customers and in default market and last-resort supply (FUI) services. For the latter two services, a lower number of customers was awarded for the period from 1 October 2019 to 30 September 2020 compared to the previous year, but with more advantageous margins. The overall number of gas customers increased by almost 600 thousand (+40.8%), reaching a total of 2 million users, mainly due to the transaction with Ascopiave, which brought marketing companies acquired through EstEnergy and Amgas Blu into the Group’s consolidated scope. Net operating capex coming to 138.3 million euro were made in 2019, with a sharp increase over the 115.4 million seen in 2018. This involved both distribution, to guarantee and improve the high quality standards of networks and plants, both with an intensive meter substitution and further work in cathodic protection in the areas served by AcegasApsAmga, and sales, concerning activities involved in acquiring new customers. The contribution of the gas area to Group Ebitda rose to 31.5%. Water cycle area In 2019, the integrated water cycle area – which includes aqueduct, purification and sewerage services – recorded Ebitda amounting to 265.3 million euro, with a 15.6 million euro (+6.2%) increase over the 249.7 seen one year earlier. This growth was mainly due to higher revenues from new connections and distribution, which reflected the tariffs introduced by the Authority for 2016-2019, and the premiums awarded for contract quality. Net operating capex amounted to 151.5 million euro (showing strong growth over the 127.6 recorded in 2018). Including capital grants, capex totalled 175.8 million and were mainly dedicated to extensions, network and plant upgrading and reclamations, including interconnections in the water system, for example in the Modena area, and interventions aimed at creating district-based networks. Work continued on the Rimini seawater protection plan, one of the most important interventions, at the forefront nationwide as regards sewerage and purification, in addition to upgrading the sewerage network in many areas, including those served by the company AcegasApsAmga. The water cycle area accounted for 24.5% of Group Ebitda. Waste management area Ebitda for the waste management area – which includes waste collection, treatment and disposal services – also grew, coming to 264.2 million euro (+4.8%), up 12.2 million over the 252.0 million seen in 2018. The Group further consolidated its position as a national leader in the waste management sector, thanks to outstanding performances in the area of sorted waste, which went from 62.5% in 2018 to 64.6% at the end of 2019, and to roughly ninety advanced plants handling all types of waste (and supporting a circular economy), which represent a fundamental strategic lever, above all considering the country’s lack of plants. This increase in Ebitda was mainly sustained by higher prices for special and industrial waste treatment, the contribution coming from Aliplast and new facilities, such as the waste treatment plant completed in Cordenons (PN) and the innovative biomethane production plant in Sant’Agata Bolognese (BO), both now fully operational. The results also benefitted from the acquisitions of Cosea Ambiente, including the Gaggio Montano (BO) landfill, and Pistoia Ambiente, further reinforcing the basic capacity on which the Group’s set of waste recycling, reuse and regeneration plants can rely. As regards efficiency enhancement, note furthermore the merger of Waste Recycling into Herambiente Servizi Industriali, which is now Italy’s largest industrial waste management company, and Aliplast, which continues to show growth thanks to market development and merger synergies. These positive results were able to more than offset the lower incentives seen for electricity production. Operating capex amounting to 81.5 million euro, up over the previous year, went mainly to plant maintenance and upgrading. The waste management area accounted for 24.3% of Group Ebitda. Electricity area The electricity area – which includes services in electricity production, distribution and sales – recorded an Ebitda coming to 178.5 million, essentially in line with the 183.5 million seen the previous year. This result was mainly due to lower margins in the safeguarded market, which were offset by higher margins in electricity production in the distribution service market, for reasons including the plants in Campania, operational once again, higher volumes sold and lower costs for acquiring energy customers. Electricity customers rose to 1.3 million (+17.2%), up 184.2 thousand, thanks to the entry of EstEnergy and Amgas Blu within the Group’s consolidated scope, in addition to growth on the free market – which contributed with roughly 82 thousand new customers and 60 thousand new contracts for added value services – thanks to reinforced marketing initiatives, in particular in regions of Central Italy. This growth more than offset the fall in safeguarded customers. Operating capex amounting to 43.4 million euro, almost twice as much as the previous year, went mainly to non-recurring maintenance of plants and networks in the Modena, Imola, Trieste and Gorizia areas. An increase was also seen in requests for new connections. The electricity area accounted for 16.4% of Group Ebitda. Statement by Executive Chairman Tomaso Tommasi di Vignano These results demonstrate the merits of Hera’s multi-utility formula which, in a year made difficult by factors including a significant negative impact in the safeguarded customer segment, was able to deploy a wide range of development projects that guaranteed, quarter after quarter, positive growth in all activities. Our expectations were thus outperformed and, at the same time, our track record with 17 years of uninterrupted growth was confirmed, further improving our financial solidity in a year in which unprecedented efforts were seen in capital expenditures. In 2019, furthermore, two fundamental targets included in the business plan to 2022 were reached in advance: the finalised transaction with Ascopiave led the Hera Group to amply meet its objective of 3 million energy customers and, with our enlarged set of waste treatment plants, we were fully able to grasp the positive market trends seen as of 2019. Statement by CEO Stefano Venier The growth achieved with these results confirms the creation of value, as can be deduced by the rates of return on capital, maintained well above its average cost. The progress made by this value shows that it is increasingly shared, respecting 11 out of the 17 fundamental goals defined by the UN. The Group’s risk profile, now more important than ever, continues to be extremely conservative, and has allowed the Group to continue expanding through a transaction, involving Ascopiave, that brought us among the highest-ranking companies in Italy for energy sales, only behind the two ex-incumbent energy groups. These are solid grounds, therefore, on which to rely in difficult moment, such as the one currently witnessed due to COVID-19, with respect to which we were able to activate, in a short period of time, all measures necessary to guarantee that our activities are not interrupted and health protection is provided for our employees and for all our stakeholders, along with proactive assistance for all our customers, whether households or companies. The manager responsible for drafting the company’s accounting statements, Luca Moroni, declares, pursuant to article 154-bis paragraph 2 of the TUF, that the information contained in the present press release corresponds to the documentation available and to the account books and entries. The financial statement and related materials will be available to the public pursuant to the terms established by law at the Company Headquarters, on the website www.gruppohera.it and on the authorised storage platform 1Info (www.1info.it ), within 8 April 2020. Unaudited extracts from the Financial Statements at 31 December 2019 are attached. Profit & Loss (m€) 31/12/19 Inc.% 31/12/18 Inc.% Ch. Ch. % Sales 6,912.8 6,134.4 +778.4 +12.7% Other operating revenues 530.8 7.7% 492.0 8.0% +38.8 +7.9% Raw material (3,458.2) (50.0%) (2,984.1) (48.6%) +474.1 +15.9% Services costs (2,318.2) (33.5%) (2,040.5) (33.3%) +277.7 +13.6% Other operating expenses (59.3) (0.9%) (62.5) (1.0%) (3.2) (5.1%) Personnel costs (560.4) (8.1%) (551.4) (9.0%) +9.0 +1.6% Capitalisations 37.6 0.5% 43.3 0.7% (5.7) (13.2%) Ebitda 1,085.1 15.7% 1,031.1 16.8% +54.0 +5.2% Depreciation and provisions (542.6) (7.8%) (521.0) (8.5%) +21.6 +4.1% Ebit 542.5 7.8% 510.1 8.3% +32.4 +6.4% Financial inc./(exp.) (100.0) (1.4%) (91.7) (1.5%) +8.3 +9.1% Pre tax profit 442.5 6.4% 418.5 6.8% +24.0 +5.7% Tax (125.4) (1.8%) (121.9) (2.0%) +3.5 +2.9% Net profit 317.1 4.6% 296.6 4.8% +20.5 +6.9% Special items 84.9 1.2% 0.0 0.0% +84.9 +100.0% Net profit 402.0 5.8% 296.6 4.8% +105.4 +35.5% Attributable to: Shareholders of the Parent Company 385.7 5.6% 281.9 4.6% +103.8 +36.8% Minority shareholders 16.3 0.2% 14.7 0.2% +1.6 +10.9% Balance Sheet (m€) 31/12/19 Inc.% 31/12/18 Inc.% Ch. Ch. % Net fixed assets 6,846.3 108.9% 5,905.1 108.7% +941.2 +15.9% Working capital 87.0 1.4% 115.4 2.1% (28.4) (24.6%) (Provisions) (649.1) (10.3%) (588.2) (10.8%) (60.9) +10.4% Net invested capital 6,284.2 100.0% 5,432.3 100.0% +851.9 +15.7% Net equity 3,010.0 47.9% 2,846.7 52.4% +163.3 +5.7% Long term net financial debt 3,383.4 53.8% 2,558.8 47.1% +824.6 +32.2% Short term net financial debt (109.2) (1.7%) 26.8 0.5% (136.0) (507.5%) Net financial debts 3,274.2 52.1% 2,585.6 47.6% +688.6 +26.6% Net invested capital 6,284.2 100.0% 5,432.3 100.0% +851.9 +15.7% Financial results as at 31/12/2019 Financial results as at 31/12/2019 /group_eng/investor-relations/results-and-presentations/y2019 HTML Y2019 results /documents/1514726/4210686/Financial+results+as+of+31_12_2019.pdf/ca71a0b9-a147-d1af-4660-7e0a8c6f7b6b?t=1629971549137 Financial results as at 31/12/2019 /documents/1514726/4210686/GruppoHera_FY19_Analyst_presentation.1585141240.pdf/207393c0-65d8-5cf4-d8ee-aa99c4513c29?t=1597849359551 Analyst presentation: Y2019 results /documents/1514726/4880888/GruppoHera+Y2019+eng.1585218776.mp3/c5a801fa-0307-c97b-3ac2-3fd6ba0c29b2?t=1610038357991 Audioconference: Y2019 results http://investornews.gruppohera.it/en/?n=181 Newsletter: Y2019 results /documents/1514726/4210686/Dati_finanziari_31_12_19_eng.1585130996.xls/19917ed5-b596-4b3f-0409-8a2de7b77c51?t=1597849358948 Financial data as at 31 December 2019 https://www.slideshare.net/Gruppo_Hera/analyst-presentation-y2019 Slideshare Y2019 /group_eng/investor-relations/results-and-presentations/interactive-data Interactive data Press release results at 31/12/2019 2020-03-25 13:19:00 Financial results at 31/03/2020 Financial results at 31/12/2019 2020-03-23

Kindly note that the following documentation, pertaining to the Shareholders Meeting convened for 29 April 2020, is available to the public at the Company headquarters, on the authorised storage website 1INFO (www.1Info.it) and on Hera Group's website (www.gruppohera.it/gruppo/corporate_governance/assemblee/): Hera S.p.A. Board of Directors' Explanatory Report regarding item 1 on the Agenda - Extraordinary session Hera S.p.A. Board of Directors' Explanatory Report regarding item 2 on the Agenda - Extraordinary session Hera S.p.A. Board of Directors' Explanatory Report regarding item 3 on the Agenda - Ordinary session Hera S.p.A. Board of Directors' Explanatory Report regarding item 4, 5, 6, and 7 on the Agenda - Ordinary session 20200317_Publication_of_documents_pertaining_to_the_Shareholders_Meeting_of_29_April_2020.1584430422.pdf 2020-03-17 08:30:00 110x150_heraspa.1475082913.jpg 2019-03-28

Hera acquires 2.5% of Ascopiave's share capital from Amber. The shareholding purchase operation, which arose from a market opportunity, was shared with Asco Holding. It further reinforces the partnership launched with the transaction finalised last December and will be followed by a similar transaction by Ascopiave. 20200131_comunicato_azioni_Ascopiave_ENG.1580457419.pdf 2020-01-31 08:51:00 Hera acquires 2.5% of Ascopiave's share capital from Amber Hera acquires 2.5% of Ascopiave's share capital from Amber 2020-01-31