Ascopiave S p A : Conclusion of the transfer of EstEnergy S.p.A. shares

Pieve di Soligo - Bologna, 24 June 2025

On today's date, following the information disclosed through the joint press release issued on

16 December 2024, it is herein announced that Hera S.p.A. has paid Ascopiave S.p.A. Euro 234,066,410.77, together with the transfer of the shares, consequent to Ascopiave exercising the put option for its 25% stake in EstEnergy S.p.A., as defined in the agreements signed between the parties when the partnership was established.

The disbursement shall not lead to any variation in Hera's net financial position.

The Hera Group is one of Italy's largest multi-utilities and operates in the waste management, energy and water sectors, with more than 10,000 employees. Over 7.5 million citizens have at least one service provided by the Group. Listed since 2003, it is among Italy's top 40 companies in terms of capitalisation (and is included in the FTSE MIB index) and since 2020, the company has been part of the Dow Jones Sustainability Index, World and Europe. https://www.gruppohera.it

The Ascopiave Group is one of the leading national players in the natural gas distribution field, managing the services in 301 towns in northern Italy, through a network of over 14,700 km with approximately 870,000 users.

The Group also operates in the renewable energy and integrated water service sectors and holds minority interests in firms operating in energy marketing and utilities.

In the renewable energy business, Ascopiave manages 29 hydroelectric and wind power plants with a nominal capacity of 84.1 MW.

The Group holds minority interests in companies active in energy marketing (Hera Comm S.p.A.), in utilities (Acinque S.p.A.) as well as information and communication technology (Herabit S.p.A.).

Ascopiave has been listed on the Euronext Star Milan segment of the Italian Stock Exchange since 12 December 2006.

Contact: Hera S.p.A.

Giuseppe Gagliano - Group Manager of Communication and External Relations

+ 39 051.287595

Cecilia Bondioli - Media Communications and Event Manager

+ 39 051.287138 - + 39 320.4790622