HERA : Calendar of events

CALENDAR OF CORPORATE EVENTS (*)

We hereby communicate, in accordance with art. 2.6.2. (Required reporting) of the 'Rules of the markets organized and managed by Borsa Italiana S.p.A.', our annual calendar of corporate events:

1. 21 March 2017 - Meeting of the Board of Directors to approve the financial statement draft for the previous fiscal year.
2. 27 April 2017 - General Shareholders' Meeting to approve the financial statements for the previous fiscal year.
3. 10 May 2017 - Meeting of the Board of Directors to approve the financial report for the quarter ending 31 March 2017.
4. 26 July 2017 - Meeting of the Board of Directors to approve the financial report for the six months ending 30 June 2017.
5. 8 November 2017 - Meeting of the Board of Directors to approve the financial report for the nine months ending 30 September 2017.

The Board of Directors, in order to guarantee that information is regularly made available to the financial market and to investors, has decided, as in the past, to continue its voluntarily preparation and publication, in compliance with current regulations, of quarterly financial information.

This information will include the following topics:

• summary of Group management and operational-financial performance;
• commentary and analysis by sector of operations;
• financial statements: income statement, balance sheet, cash flow statement, statement of changes in equity;
• accounting principles: priorly implemented accounting principles are expected to be applied without change, as described and reported in the financial statements as at 31 December of the year previous to the one to which the explanatory notes refer. IAS 34 is not expected to be applied;
• concise explanatory notes illustrating the financial statements, statement of compliance with IFRS principles and lack of changes with respect to the previous period, illustration of the consolidated area and related changes, list of consolidated companies.

Also note that:

• additional financial information will periodically be made available in press releases provided at the end of the meetings in which the Board of Directors approves the aforementioned data, and the documents in question will be published on the company's website. At present, furthermore, no noteworthy changes are foreseen regarding the content of such information with respect to that published in previous financial years;
• the Board of Directors will meet to approve additional periodical financial information within 45 days of the closure of the first and third quarters of each year, in compliance with that which is stated in the calendar of corporate events.

(*) barring changes