Agreement signed for the dissolution of joint venture LUKERG Renew

Genoa, 25 June 2015 -, The two shareholders of LUKERG Renew, a 50-50 joint venture between ERG Renew and LUKOIL created in 2011 with a view to investing in the wind sector in Bulgaria and Romania, have today mutually agreed to dissolve the joint venture, with consequent sharing of the assets pertaining to the same, following three years of strong growth.

According to the agreement, ERG Renew will be assigned the Tcherga (40 MW) and Hrabrovo (14 MW) wind farms in Bulgaria and the Gebeleisis wind farm in Romania (70 MW), for a total capacity of 124 MW, while LUKOIL will retain ownership of just the Topolog (84 MW) wind farm. This will enable ERG Renew to increase its overall installed capacity by 20 MW, with respect to the share held through the joint venture (104 MW).

The transaction's enterprise value amounts to approximately 27 million Euro, mainly represented by non-recourse project financing. The closing is expected to take place by the end of this year.

Luca Bettonte, ERG Group Chief Executive Officer, commented: "we view this transaction favourably, as it will allow us to expand our presence in the East European wind power market with high quality assets and, in the immediate future, to improve their operational performance. The experience gained with LUKOIL has been decidedly positive and its importance goes far beyond the numerical values mentioned, since during this period we have been able to acquire the knowledge and experience necessary for us to pursue our growth in that region in an autonomous and independent manner."

This press release, issued at 3.45 pm (CEST) on 25 June 2015, has been prepared pursuant to the Issuers' Regulations. It is available to the public at the offices of Borsa Italiana S.p.A., on the "Nis-Storage" authorised storage mechanism (www.emarketstorage.com) and on the Company's website (www.erg.it) in the section "media/press releases".

Contacts:

Alessandra Mariotti Media Relations Manager - tel. + 39 010 2401364 mob. + 39 335 8053395
Emanuela Delucchi IR Manager - tel. + 39 010 2401806 - e-mail: ir@erg.it
Matteo Bagnara IR - tel. + 39 010 2401423 - e-mail: ir@erg.it
www.erg.it - @ergnow

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