TerniEnergia, a smart company listed on the Italian Stock Exchange’s electronic share market (MTA) and part of the Italeaf Group, TerniEnergia, smart company listed on the Italian Stock Exchange (MTA) of Borsa Italiana and part of Italeaf Group – following the press releases issued on October 30, 2019 and December 3, 2019 – informs that today was signed the deed of merger by incorporation of Softeco Sismat Srl, of which the Company holds the entire share capital, into TerniEnergia SpA,

According to the merger deed, the merger will become effective from the first day of the month following the date of the last entry of the deed in the competent Commercial Register, therefore hopefully on March 1, 2020 (the “Effective Date of the Merger”), but Softeco’s activities will be charged to TerniEnergia’s financial statements with effect from January 1, 2020. From the same day will also take effect the fiscal effects of the Merger.