Ascopiave : Meeting of the new Board of Directors. Fulvio Zugno appointed Chief Executive Officer. Appointed the Internal Committees, the Supervisory Body and the Independent Manager Body for gas activities.

The new Board of Directors of Ascopiave S.p.A. - appointed by the Ordinary Shareholders' Meeting of April 24 2014 - was held on April 29 2014 in Pieve di Soligo (TV), chaired by Fulvio Zugno.
The Board of Directors appointed Fulvio Zugno Chief Executive Officer of the Company, and assigned him responsibility to develop the strategic plans of the Company and the Ascopiave Group, with immediate effect.
The Board of Directors formed the Control and Risk Committee and the Remuneration
Committee, identifying as members thereof:
Dimitri Coin (Chairman), Independent Director
Enrico Quarello, Non executive Director
Bruno Piva, Independent Director
The Board of Directors also appointed the new members of the Supervisory Body, pursuant to the Organisation, Management and Control Model provided for in Legislative Decree no.
231/2001. Specifically, the Supervisory Body is composed as follows:
Elisa Pollesel (Chairman), Lawyer, external member
Paolo Ruggero Ortica, Certified Public Accountant, external member
Cristiano Ceresatto, Head of the Company's Internal Auditing Department
The Board of Directors, in order to comply with the provisions of Resolution No. 11/07 of the Authority for Electrical Energy and Gas, regarding the functional separation of gas distribution activities from other activities, appointed Enrico Quarello as member of the Indipendent Management Body. Enrico Quarello joins in the role the Chief Technology Officer of Ascopiave, Antonio Vendraminelli.
Pursuant to article 144-novies, para. 1-bis of the Issuers' Regulations, as well as under Criterion
3.C.4 of the Self-Regulatory Code for listed companies, based on the information received from the parties concerned and on the information in its possession, the Board of Directors ascertained that the directors Dimitri Coin, Greta Pietrobon, Bruno Piva possess the requisites of independence as per article 148, para.3, of the Consolidated Finance Act and the Self- Regulatory Code for listed companies. Therefore, the Board of Directors complies with the provisions of article 147-ter of the above-mentioned Consolidated Finance Act and with article IA.2.10.6 of the Instructions for the Regulations of Borsa Italiana concerning STAR issuers.
In addition, on the same date, the board of statutory auditors ascertained that its own members possess the requisites of independence provided for by article 148, para.3, of the Consolidated Finance Act and according to the information received from the parties concerned. The composition of the Board of Statutory Auditors therefore complies with article 148 of the Consolidated Finance Act.

The Ascopiave Group operates in the natural gas sector, mainly in the distribution and sales sectors for end clients.

Ascopiave is currently one of the main operators in the nation due to the range of customers and quantity of gas sold.

The Group owns concessions and has direct assignments for the management of distribution activities in over 200 towns, supplying the service to a market segment of over one million

inhabitants, through a distribution network which spreads over 8,600 kilometres.

The sale of natural gas is performed through different companies, some are controlled with major shares, and others affiliated with 49% and 51% and the Group exercises a combined

control with other members. Overall, the affiliate and subsidiary companies supply gas to about

830,000 end clients.

The Ascopiave Company, as of 12 December 2006 is a listed company in the Star segment of the Italian Stock Exchange.

Pieve di Soligo, 29th April 2014

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