Explanatory report of the Board of Directors concerning the matters on the agenda of the ERG S.p.A. Ordinary Shareholders' Meeting,

proposal for authorisation to purchase and sell treasury shares, proposal for approval of the 2015-2017 Long-term monetary incentive plan and related information document

Genoa 13 March 2015 - Notice is hereby given that the Explanatory report of the Board of Directors concerning the matters on the agenda of the ERG S.p.A. Shareholders' Meeting convened for 24/27 April 2015 (pursuant to Article 125-ter of the Consolidated Finance Act), the proposal for authorisation to purchase and sell treasury shares (pursuant to Article 73 of the Issuers' Regulations), the proposal for approval of the 2015-2017 Long-term monetary incentive plan and related information document (pursuant to Article 84-bis of the Issuers' Regulations) have been placed at the disposal of the public at the Company's registered office at Via De Marini 1, Genoa, and on the Company's website (www.erg.it) in the section "Corporate Governance/2015 Shareholders' Meeting", at the offices of Borsa Italiana S.p.A. and on the Nis-Storage authorised storage mechanism (www.emarketstorage.com).

This press release, issued at 7.45 a.m. (CET) on 13 March 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 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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