ERG : The Board of Directors of ERG S.p.A. ...

Consolidated adjusted1 EBITDA at replacement cost2: €198 million, pro-forma €183 million in the first half of 2014

Group net result at replacement cost3: €57 million, pro-forma €40 million in the first half of 2014

Genoa, 6 August 2015 - At its meeting held today, the Board of Directors of ERG S.p.A. approved the Half-Yearly Financial Report as at 30 June 20154. The figures for the second quarter, which are not subject to approval by the Board of Directors or to independent audit, are to be considered pro-forma numbers and are presented here for the sake of completeness and continuity of the information provided.

Consolidated adjusted financial results at replacement cost

Luca Bettonte, ERG's Chief Executive Officer, commented: "the Group's results, again in the second quarter, have shown a definite upward trend, considering the same perimeter, thanks above all to the good performance by Power in energy management and cost recovery, despite the less profitable local market scenario. The overall result posted by Wind energy showed no change, notwithstanding the improved wind conditions both in Italy and abroad with respect to 2014, a year whose result reflected the positive effect of eliminating imbalance charges pertaining to prior periods. Bearing in mind the results for the half year and the anticipated contribution from the new wind farms recently acquired in France, we consider that the end-of-year forecast for EBITDA could increase to 350 million Euro compared to the earlier forecast of 330 million Euro. Net financial debt is expected to reach 600 million Euro, also considering the impact of acquiring the French wind assets and the allocation of LUKERG Renew's assets, which will add another 20 MW to our presence in Eastern Europe, but without taking into account the acquisition of the E.ON group's Italian hydroelectric plants currently underway."

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The results for the second quarter and first six months of 2015 will be illustrated to analysts and investors at 11.00 a.m. (CEST) on 7 August 2015, during a conference call and simultaneous webcast, which may be viewed by visiting the Company's website (www.erg.it); the presentation will be available on the said website, in the "Investor Relations/Presentations" section, at the offices of Borsa Italiana S.p.A. and on the Nis-Storage authorised storage mechanism (www.emarketstorage.com) 15 minutes before the conference call.

This press release issued at 9.30 pm (CEST) on 6 August 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". The Half-Yearly Financial Report at 30 June 2015, together with the Independent Auditors' Report, will be available to the public on 7 August 2015 at the Company's registered office at via De Marini 1, Genoa, on the Company's website (www.erg.it) in the section "Investor Relations/Financial statements and reports", at the offices of Borsa Italiana S.p.A. and on the Nis-Storage authorised storage mechanism (www.emarketstorage.com).

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 - @ergnow