Euro Medium Term Notes Programme up to EUR 3 billion

Genoa, 5 August 2021 - ERG S.p.A. has today completed the renewal of its Euro Medium Term Notes Programme (“EMTN Programme”), increasing the amount up to the overall maximum amount of EUR 3 billion (1,900 million net of issues already occurred in the previous years), following the approval granted on 30 July 2021 by the Board of Directors (see press release dated 30 July 2021).

Also today, the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) approved the base prospectus for the EMTN programme in accordance with Regulation (EU) 2017/1129 ("Prospectus Regulation").

The ETMN program has a duration of one year, is renewable on expiry, and provides for the possibility of issuing one or more non-convertible, non- subordinated bonds that will be listed on the Luxembourg Stock Exchange, to be placed with institutional investors operating in Europe.

The renewal and extension of the EMTN programme will allow ERG to continue to benefit from the flexibility offered by this instrument in the event of future bond issues.

The prospectus of the EMTN Programme is available on ERG's website (www.erg.eu) in the section "Investor Relations/Debt/EMTN Programme/Prospectus".

The minutes of ERG S.p.A.’s Board of Directors meeting held on 30 July 2021, which authorised the issuance under its EMTN Programme of one or more non-convertible and non-subordinated bonds (see press release dated 30 July 2021) is available to the public at the Company's registered office in Genoa, Via De Marini 1, on the Company's website (www.erg.eu) in the "Investor Relations/Debt/EMTN Programme/Prospectus” section, at Borsa Italiana S.p.A., and on the authorised eMarket Storage mechanism (www.emarketstorage.com).

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. 58 of 24 February 1998. The offer documentation has not been/will not be submitted to CONSOB for approval. This communication may be contrary to the applicable law in some jurisdictions and 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of America, Canada, Australia and Japan and any other jurisdiction where such offer or sale is prohibited and may not be published or distributed, directly or indirectly, in such jurisdictions.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, as amended, and such products may not be offered or sold in the United States of America in the absence of registration or exemption from the application of the registration requirements.

This press release, issued on 5 August 2021, is available to the public on the Company's website (www.erg.eu) in the "Media/Press Releases" section at Borsa Italiana S.p.A. and on the authorised storage mechanism eMarket Storage (www.emarketstorage.com).