TerniEnergia, a company listed on the MTA of the Italian Stock Exchange and part of the Italeaf Group, following what was announced on 17 September 2018 – in relation to the preliminary binding agreement for the acquisition by GIL Capital Ltd of a new company called “TerniEnergia Progetti”, which includes the perimeter of the EPC business unit (engineering, procurement, construction and commissioning) of photovoltaic plants of TerniEnergia – announces that it has agreed with the counterparty to set 30 November 2018 as the deadline for the closing-date of the transaction.

The extension was agreed exclusively to allow the newco “TerniEnergia Progetti” to complete the formalities for the obtainment of the certifications relating to the operational activities of the company. The agreement between TerniEnergia and GIL Capital also provides for the participation of TerniEnergia Progetti, in the transition period prior to the closing of the transaction and the transfer of ownership of the shares of TerniEnergia Progetti to GIL Capital, to the international tender for the design and installation of a photovoltaic plant with a total capacity of 10 MW in Tunisia.