Euro Medium Term Notes Programme

Genoa, 21 June 2024 - The Board of Directors of ERG S.p.A., which met today, authorised the renewal of the medium-long term, non-convertible and non-subordinated bond issue programme ("Euro Medium Term Notes Programme" or "EMTN Programme"), with a total maximum amount of Euro 3,000 million (of which Euro 1,600 million already issued).

The Board of Directors authorised also, on the basis of the EMTN Programme currently in place (see PR of 18/7/2023) or the one that will be renewed if any, the issue of one or more medium-long term, non-convertible and non-subordinated bonds, which may also qualify as "green bonds", up to a maximum amount of EUR 500 million, to be executed by 31 December 2024.

ERG S.p.A. has updated its Green Bond Framework (the 'Framework') assessed by the Second Party Opinion issued by Moody's Ratings, an independent external advisor, with the best possible score.

Since the launch of the inaugural green bond in 2019, such sustainable finance instruments have become a predominant component of ERG S.p.A.'s financial structure. The update of the Framework further certifies ERG S.p.A.'s commitment to sustainable finance and it is consistent with the 2024-2026 Business Plan and the relevant ESG Plan, which envisages a level of sustainable financial sources of at least 90%.

The Second Party Opinion certified, in particular, the alignment of ERG S.p.A.'s Framework with the four core pillars of the International Capital Market Association Green Bond Principles 2021 (including Appendix I of June 2022) and its full adherence to the EU Taxonomy criteria.

Crédit Agricole CIB, through its Sustainable Investment Banking Team, has assisted ERG S.p.A. in the update of the Framework.

The Framework and the Second Party Opinion are available to the public on the website of ERG S.p.A. (www.erg.eu) in the section "Investor Relations/Debt/EMTN Programme 2023-2024".

This information does not constitute or form part of an offer to the public of financial products or a solicitation of offers to purchase financial products in Italy pursuant to Legislative Decree no. 24 February 1998 No. 58. The offer documentation has not been/will not be submitted to Consob for approval. Accordingly, the securities may not be offered, sold or distributed except to qualified investors as defined in Article 2 under Regulation (EU) 2017/1129 and any applicable statutory or regulatory provisions or in other circumstances that are exempt from the public offer rules. This communication also does not constitute an offer to sell financial products in the United States of America, Canada, Australia and Japan and any other jurisdiction where such offer or sale is prohibited and may not be published or distributed, directly or indirectly, in such jurisdictions. The financial products mentioned have not been and will not be registered under the United States Securities Act of 1933 (the "Securities Act"), as amended or the securities laws of any state of the United States of America or any other jurisdiction. No securities may be offered, sold or delivered in the United States of America or to persons who are, or in the interest of or on behalf of persons who are, "U.S. Persons" (as defined in Regulation S of the Securities Act), other than pursuant to an exemption from, or by means of a transaction not subject to, the registration requirements of the Securities Act and any state or other applicable securities laws of the United States of America or any other jurisdiction.

This press release, issued on 21 June 2024, is available to the public at Borsa Italiana S.p.A. (www.borsaitaliana.it), on the authorised eMarket Storage mechanism (www.emarketstorage.com) and on the Company's website (www.erg.eu) in the "Media/Press Releases" section.

ERG contacts:

Anna Cavallarin Head of External Communication cell. + 39 3393985139 e-mail: acavallarin@erg.eu

Matteo Bagnara Head of Investor Relations - tel. + 39 010 2401423 - e-mail: ir@erg.eu