ERG S.P.A. 
By 96.904% threshold of ERG Renew share capital reached
The sell-out price, equal to Euro 0.9735 per share, will be paid on 1 June 2011Genoa, 27 May 2011 - with reference to the procedure for the fulfillment of the purchase obligation pursuant to Article 108, paragraph 2, of Legislative Decree 24 February 1998 No. 58 (the “CFA”) relating to No. 6.659,325 ordinary shares (the “Shares”) of ERG Renew S.p.A. (“ERG Renew” or the “Issuer”) started on 23 May 2011 (the “Sell - Out Procedure”), ERG S.p.A. (“ERG” or the “Offeror”) informs that the period for the submission of the requests for sale ended on today’s date.
As of today, requests for selling a total No. 2.551.318 of Shares, equal to 1,923% of the share capital of the Issuer, have been submitted. Adding these Shares to the No. 126,007,350 Shares, corresponding to 94.980% of the share capital of the Issuer, already owned by ERG before the beginning of the Sell - out Procedure, on the Payment Date (as defined below) ERG will hold a total No. 128,558,668 of Shares (equal to 96,904% of the share capital of the Issuer).
The sell-out price, amounting to Euro 0.9735 for each residual Share sold, will be paid on 1 June 2011 (the “Payment Date”).
Furthermore, as indicated in Offer Document published on 21 January 2011 and in the notice published on “Il Sole 24 Ore” of 21 May 2011 (the “Notice”), the requirements for the exercise of the squeeze-out right by the Offeror pursuant to Article 111 of the CFA and for the fulfillment of the purchase obligation pursuant to Article 108, paragraph 1, of the CFA, through a joint procedure (the “Joint Procedure”) have been met.
For the purposes of the Joint Procedure, the price for each Share will be Euro 0.9735 (i.e. a price equal to the amount payable under the Sell-out Procedure, as determined by Consob by resolution No. 17782 of 18 May 2011).The modalities for the execution of the Joint Procedure are indicated in the Notice and will be confirmed in the notice containing the final results of the Sell-out Procedure, which will be published on “Il Sole 24 Ore” of Monday 30 May 2011.
This press release, issued on 27 May 2011 at 8.25 p.m. (CEST), has been drafted pursuant to Article 114 of the TUF and Article 66 of the Regulation implementing the TUF, adopted by Consob resolution No. 11971 of 14 May 1999, as amended and integrated. The press release is available to the public at Borsa Italiana S.p.A. (www.borsaitaliana.it ) and on the website of the Company (www.erg.it ).
Contacts:
Alessandra Mariotti Press Office – Phone: +39 010 2401364 - Mobile: +39 335 8053395 - E-mail: stampa@erg.it
Paolo Merli Corporate Finance, Control and IR Manager – Phone: + 39 010 2401376 – E-mail: pmerli@erg.it Matteo Bagnara IR - Phone: + 39 010 2401423 - E-mail: ir@erg.it – www.erg.it
