Italeaf

TerniEnergia enters in digital energy sector and complete its positioning along energy value chain

PRESS RELEASE 29 JULY 2016

Italeaf: TerniEnergia enters in the digital energy sector and complete its positioning along the energy value chain

• Signed a MOU with Ingefi S.p.A. and B.Soft Srl for the acquisition in two phases of the 100% of the share capital of Softeco-Sismat Srl and Selesoft Consulting Srl
• The two companies are active in the development and industrial production of solutions and smart technologies for the transmission and distribution of energy (smart grid), the flexible and timely management of production and energy consumption, the energy efficiency, the digital management of renewable energies and cleantech (energy islands) and in the services, software and IT solutions

Closing, subject to a number of conditions precedent, by October 31, 2016

Consideration of the transaction amount to 3 million treasury shares of TerniEnergia to be listed on the STAR segment of the Italian Stock Exchange until February 28, 2017 and Euro 2.3 million to be paid in cash in two phases (Euro 1 million by November 30, 2017 to Ingefi SpA and Euro 1.3 million to B.Soft by March 31, 2018) with no award of interest

Authorized by CDA the subscription of TerniEnergia into the Proteco Consortium, to promote solutions to the energy and power grids market, smart cities and smart grid, transportation and mobility, telecommunications, internetworking and optical transport, big data, and cloud applications

Strategic and commercial alliance between TerniEnergia G&P and Roma Gas & Power Group for the Natural Gas Trading

Signed framework agreement for the construction of a photovoltaic plant with a capacity of 86 MW in South Africa on behalf of a leading international investor

The Board of Directors 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, reviewed and approved today two MOUs, one with Ingefi S.p.A. (a holding company involved in investments companies active in the design, development, trade and maintenance of software) and its shareholders and the other with B.Soft Group srl (holding active in the IT and Engineering sectors), aimed both to the acquisition in two stages of the 100% of the share capital of Softeco-Sismat Srl and Selesoft Consulting Srl (the "Target Companies").