Finalised the acquisition of a project to construct a 14 MW wind farm in Poland

Genoa, 19 February 2015 - ERG Renew has completed the closing with PAI (PAI Polish Alternative Investments RES) group for the acquisition of a 100% equity interest in Hydro Inwestycje, a Polish company duly authorised to implement a wind farm project in Poland, in the municipalities of Szydlowo and Stupsk, with a planned capacity of 14 MW and an electricity output, when fully operational, estimated at more than 36 GWh per year, corresponding to 2,600 equivalent hours and approximately 30 kt in avoided CO2 emissions.

ERG Renew expects to commence construction of the wind farm in the second quarter of 2015 with a view to coming on stream by the end of the year.

The total investment cost for implementation of the wind farm project is estimated at approximately 23 million Euro, which already includes the payment for the company's enterprise value, amounting to around 2.1 million Euro (See press release 23 January 2015).

This press release, issued at 12.30 am (CET) on 19 February 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 "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 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

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