Genoa

Genoa, 22 July 2014 - ERG Renew has completed the closing with Vortex Energy group for the acquisition of a 100% equity interest in EW Orneta 2, a Polish company holding all permits for the construction of a wind farm project in the Polish region of Radziejów, with a planned capacity of 42 MW and an electricity output, when fully operational, estimated at more than 100 GWh per year, corresponding to 2,400 equivalent hours and approximately 85 kt in avoided CO2 emissions.
The construction of the wind farm will commence, as scheduled, in August 2014 with a view to entering into operation by mid-2015. The total investment cost for implementation of the wind farm project is estimated at approximately 65 million Euro, which already includes the sum payable for the company's enterprise value, amounting to around 7.2 million Euro (see PR 15 May 2014).

With the completion of this transaction ERG Renew makes a first step in a country that is considered strategic in terms of growth potential in the wind sector, while continuing to pursue its overseas growth path.

This press release, issued at 12.00 pm (CEST) on 22 July 2014, 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., 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 0102401364 mob.+ 39 3358053395
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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