Genoa

Genoa, 19 December 2013 - ERG is pleased to announce that an agreement was signed today with UniCredit whereby the Bank will enter the ERG Renew shareholder body via the acquisition of a minority stake corresponding to an equity interest of 7.14%, valued at 50 million Euro, through a reserved capital increase. This transaction will enable ERG Renew to raise new capital to support its plans for development in the renewable energy sector in Italy and abroad and include among its shareholders a leading European financial institution with a significant presence in the East European markets.
UniCredit will enjoy the governance prerogatives typically granted to a minority investor, which will be reflected in ERG Renew's Articles of Association, including the right to appoint a member to the Board of Directors.

The agreement provides for a lock-up period of four years starting from the transaction closing, subject to the possibility of ERG Renew's admission to listing, in addition to granting UniCredit the option to sell the shareholding to ERG in the event that listing does not occur and in the case of failure to agree on strategic operations.

The transaction closing is scheduled to take place no later than January 2014.

Luca Bettonte, ERG's Chief Executive Officer, commented: "I am really satisfied about the agreement reached with UniCredit, which confirms the importance of the results hitherto achieved in renewable energy and will make it possible to boost ERG Renew's growth, particularly abroad, also in view of the company's potential return to the Stock Exchange."


In this transaction Ondra has acted as financial advisor and the firm DLA Piper has acted as legal advisor.


This press release, issued at 4.15 pm (CET) on 19 December 2013, has been prepared pursuant to the Regulation implementing Legislative Decree no. 58 dated 24 February 1998, adopted by CONSOB under resolution no. 11971 of 14 May 1999, as amended and supplemented. It is available to the public at the offices of Borsa Italiana S.p.A. and on the Company's website (www.erg.it ) in the section "media/press releases".


Contacts:

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

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