Treasury share purchase programme is launched

Genoa, October 12, 2023 – The Board of Directors of ERG S.p.A., meeting today, has resolved to launch the programme for the purchase of treasury shares, implementing the resolution adopted by the Shareholders' Meeting on April 26, 2023, already disclosed to the market with a press release issued on the same date.
Pursuant to art. 144-bis of the Issuers' Regulation, the details of the programme (the "Programme") are provided below.

Objective and Duration
The Programme involves the purchase of ERG ordinary shares (the "Shares") as a form of investment aimed at maximising the creation of value for the Company and the shareholders, for a maximum period of 6 months from today, the Programme launch day.

Maximum quantity of Shares and maximum equivalent value
The Shares will be purchased in compliance with the resolution adopted by the Shareholders' Meeting on April 26, 2023. The maximum quantity of Shares that can be purchased in implementation of the Programme is 3,758,000 (i.e. a total of 2.5% of the share capital), with a maximum outlay of EUR 100,000,000.00, without prejudice to any other limitation possibly deriving from legislative or regulatory provisions.
As of today, the Company owns 782,080 treasury shares (equal to 0.520% of the share capital).y

Methods through which purchases of Shares can be made
In order to carry out purchases of Shares in accordance with the Programme, an agreement will be concluded with an authorised intermediary who will operate autonomously, adopting operating conditions decided in full independence. Further information will be communicated following the conclusion of the aforementioned agreement.

Paolo Merli, CEO of ERG, commented: “In a context of extreme volatility in the financial markets characterised by a negative stock market performance of the renewable energy sector at a global level and in light of ERG's financial solidity, we have launched a programme to purchase treasury shares. The Group's targets set out in the 2022-2026 Business Plan, both in terms of investments and compliance of financial policy, remain confirmed”.

This press release, issued on October 12, 2023, is available to the public at Borsa Italiana S.p.A., on the authorised storage site eMarket Storage (www.emarketstorage.com), and on the Company website (www.erg.eu) in the "Media/Press Releases" section.

Contacts:
Anna Cavallarin Head of External Communication - tel. + 39 010 2401804 mobile + 39 3393985139 email: acavallarin@erg.eu
Matteo Bagnara Head of Investor Relations - tel. + 39 010 2401423 – email: ir@erg.eu
www.erg.eu – @ergnow