Raggiunto accordo per la cessione di ERG Oil Sicilia

ERG has reached an agreement with GRS Petroli for the sale of its 100% equity interest in ERG Oil Sicilia, a company operating in Sicily in the fuel distribution sector with a retail network of around 200 outlets.

Under the transaction in question GRS Petroli, which already owns a retail network of outlets on the island of Sicily, will pay ERG an amount of approximately 30 million Euro. The closing is scheduled to take place by the end of 2014.

This transaction, also following the sale of the ISAB Refinery, is in keeping with ERG's asset value enhancement strategy and marks a further major step towards ERG's industrial repositioning in Sicily, where the group is present with ERG Renew's 198 MW of wind power and a capacity of 480 MW as regards ERG Power's CCGT facility.

Clifford Chance acted as legal advisor for ERG.

This press release, issued at 7.45 am (CET) on 5 November 2014, has been prepared pursuant to the Issuers' Regulations. It is available to the public at the offices of Borsa Italiana S.p.A., on the "1Info" authorised storage mechanism (www.1info.it) and on the Company's website (www.erg.it) in the section "media/press releases".

Contacts:

Alessandra Mariotti Media Relations Manager - tel. + 39 010 2401364 mob. + 39 335 8053395

Emanuela Delucchi IR Manager – tel. + 39 010 2401806 – e-mail: ir@erg.it

Matteo Bagnara IR - tel. + 39 010 2401423 - e-mail: ir@erg.it – www.erg.it