Green light from the Shareholders’ meeting to the investment transaction to acquire Softeco Sismat and Selesoft and to the disposal of treasury shares to Roma Gas and Power

• Andrea Bellucci appointed as Statutory Auditor of the company. Dott. Marco Chieruzzi Substitute Statutory Auditor
• On November 4, 2016 presentation of the Industrial plan 2016-2018 Update with a strategic vision on 2019

The Shareholders’ Meeting of TerniEnergia, smart energy company active in the fields of renewable energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of Italeaf Group, met today in ordinary session under the chairmanship Stefano Neri.

The Ordinary General Meeting approved:

1 – The investment transaction to acquire a stake the 100% of the share capital of the companies Softeco Sismat Srl and Selesoft Consulting Srl, approved by the Company’s Board of Directors on September 30, 2016, on the sale, in return, of a total of n. 3,000,000 treasury shares, equal to 6.80% of the share capital of TerniEnergia and the payment of Euro 2.3 million in cash; further details of this transaction were already communicated to the market through the press release of July 29, 2016. With reference to the above mentioned press release, TerniEnergia inform that, according to the agreements entered into with Ingefi SpA, the company is committed to quote to the STAR segment of Italian stock Exchange the divested shares sold to the same Ingefi by 28 February 2018;

2- The sale transaction of further n. 767,095 treasury shares, equal to 1.74% of the share capital of TerniEnergia, in favor of the industry investor Roma Gas and Power, for a remuneration in cash of Euro 0.9 million; Further details of this transaction were already communicated to the market through the Press Release of September 30, 2016. With reference to the above mentioned press release, TerniEnergia informs that according to the agreements entered into with Roma Gas & Power SpA, TerniEnergia is committed to quote to the STAR segment of the Italian stock Exchange the shares subject to sale by February 28, 2018.

The Ordinary Shareholders’ Meeting also approved the proposal of the shareholder Italeaf S.p.A. to integrate the Board of Auditors, following the resignation of Dr. Vittorio Pellegrini which was taken over by the most senior deputy mayor Dr. Marco Chieruzzi, appointing Statutory Auditor Dott. Andrea Bellucci (recognizing him the same remuneration to the other Statutory Auditor in charge), and as substitute statutory Auditor Dr. Marco Chieruzzi.

It is recalled that on November 4, 2016, as part of the event: “Smarter solutions for tomorrow”” organized by the Italeaf group, will be presented to the financial community and to the press the Update to the TerniEnergia’s Business Plan 2016-2018 “Plug in the smart energy company”. The presentation will take place from 9.00 AM CET in Milan in the Parterre Hall of the Italian Stock Exchange, Piazza degli Affari 6.

Speakers: Stefano Neri (Chairman and CEO), Fabrizio Venturi (Executive Director), Paolo Allegretti (CFO), Ugo Benzi (Chairman Protecogroup).

Registration is required to participate: www.ternienergia.com or event registration at the URL: www.eventbrite.com/e/smarter-solutions-for-tomorrow-tickets-27699672466.