Genoa, 29 December 2014 - ERG has today completed the closing for the sale to Maiora - a company owned by GRS Petroli - of its 100% equity interest in ERG Oil Sicilia (see press release dated 5 November 2014).

Clifford Chance acted as legal advisor for ERG.

This press release, issued at 5.00 P.M. (CET) on 29 December 2014, 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 "1Info" authorised storage mechanism (www.1info.it) 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 cell. + 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

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