ERG Renew takes a further step in the Polish wind market by acquiring a 14 MW wind farm project

Genoa, 23 January 2015 - ERG Renew has reached an agreement with PAI (PAI Polish Alternative Investments RES) group to purchase 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. The closing is scheduled to take place by the end of February 2015.

Completion of this transaction will enable ERG Renew to take a further step forward in a country considered strategic for its development potential in the wind sector.

This press release, issued at 5.20 pm (CET) on 23 January 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 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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