At its meeting the Board of Directors of A2A S.p.A. continued with the simplification of the Company's organizational structure in accordance with the new corporate governance model which envisages a central role for the Board of Directors in the Company's management together with the figure of a Chief Executive Officer who is responsible for ordinary operations and a Chairman who is assigned an executive role. A2A has accordingly agreed changes in the Group's senior management with its General Managers. More specifically, an agreement has been reached with Mr. Renato Ravanelli for the termination by mutual consent of the employment relationship between him and the Company on August 31, 2014, on the basis of 18 months' salary and the immediate withdrawal of his signatory powers and his positions in Group companies and as General Manager.

Mr. Paolo Rossetti has announced that he will resign and enter retirement on August 31, 2014, and has immediately relinquished his position as General Manager, although he will continue to provide a technical support role to the Executive Committee and in regard to the Group's industrial activities.