ERG S.p.A : The Board of Directors approves the consolidated financial statements and the draft financial statements as at 31 December 2013

Fourth quarter of 20134

Consolidated adjusted1 EBITDA at replacement cost2: €132 million, €128 million in 4Q 2012

Group net result at replacement cost3: €3 million, €10 million in 4Q 2012

Genoa, 12 March 2014 - The Board of Directors of ERG S.p.A., which met yesterday, approved the consolidated financial statements and the draft financial statements as at 31 December 20135, the report on corporate governance and ownership and the remuneration report.

Consolidated financial results at replacement cost

Luca Bettonte, ERG's Chief Executive Officer, commented: "FY2013 results show a strong growth and exceed the guidance figures provided at the beginning of the year, despite the still difficult general economic and financial situation. The contribution to renewables made by the assets acquired from GDF Suez and the good performance of the plants in the Power sector more than offset the downturn in the results of the R&M segment, which were penalised by the general falloff in consumption and a further worsening of the refining scenario. For FY2014, without taking into account the change in perimeter following completion of the transaction involving ISAB Energy, scheduled to take place during the second quarter, we expect to see a further improvement in results thanks to the full contribution of the new wind farms that have recently come on stream in Italy and in Eastern Europe and to the definitive exit from Coastal Refining. Against this background, we propose to the Shareholders' Meeting that a dividend be paid of Euro 1.00 per share, including a non-recurring component of Euro 0.50, bearing in mind the successful conclusion of an essential phase of the strategic industrial reorganisation project commenced in 2008.