Genoa

Put option exercised on the remaining 20% stake in ISAB
Further strengthening of financial capacity to support development

Genoa, 9 October 2013 - The Board of Directors of ERG S.p.A., which met today, approved the exercise of a put option on the remaining 20% stake held in the ISAB Refinery, valued at 400 million Euro (excluding inventory). Following this transaction, ISAB S.r.l. will be wholly owned by LUKOIL.

The transaction closing is scheduled to take place by the end of 2013 (see Press Release dated 31 January 2012).

Luca Bettonte, ERG's Chief Executive Officer, commented: "with this transaction ERG completes its exit from the refining business, in keeping with the strategy to invest in less volatile sectors. The transaction will allow us to further consolidate our financial structure during the persistently difficult economic situation. ERG however still maintains a significant industrial presence at the Priolo site by way of the ERG Power and ISAB Energy thermoelectric plants."

This press release, issued at 6.00 pm (CEST) on 9 October 2013, 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. and on the Company's website ( www.erg.it) in the section "media/press releases".

Contacts:

Alessandra Mariotti Press Office - tel. + 39 010 2401364 cell. + 39 335 8053395 e-mail: stampa@erg.it
Emanuela Delucchi IR Manager - tel. + 39 010 2401806 - e-mail: edelucchi@erg.it
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