Page 1

acea PRESS RELEASE ACEA'S BOARD OF DIRECTORS APPROVES RESULTS FOR H1 2021 Revenue € 1,825m ( up 13 % versus H1 2020 ) ✓ EBITDA € 619m ( up 9 % versus H1 2020 ) ✓ EBIT € 310m ( up 10 % versus H1 2020 ) ✓ Group net profit € 166m ( up 15 % versus H1 2020 ) Capex € 482m ( up 17 % versus H1 2020 ) ✓ Net debt € 3,913m ( € 3,528m at 31 December 2020 ) EBITDA guidance for 2021 revised upwards : • growth in EBITDA of more than 8 % compared to 2020 ( previous guidance was +6 % / + 8 % ) ; capex of approximately € 900m confirmed ; net debt at end of 2021 confirmed between € 3.85bn and € 3.95bn *** Agreement announced for the purchase of 70 % of Serplast and 60 % of Meg , companies operating in plastic recycling sector . Rome , 28 July 2021 - The Board of Directors of ACEA , chaired by Michaela Castelli , has approved the interim report for the six months ended 30 June 2021 . CONSOLIDATED FINANCIAL HIGHLIGHTS ( € m ) H1 2021 H1 2020 % change Consolidated revenue EBITDA 1,825 1,622 + 13 % 619 569 + 9 % EBIT 310 281 + 10 % Group net profit ( after non - controlling interests ) 166 144 + 15 % ( Єm ) Capex H1 2021 482 H1 2020 411 % change + 17 % ( Єm ) Net debt 30 June 2021 3,913 31 Dec 2020 3,528 % change + 11 % “ In a market scenario that remains uncertain , despite the signs of recovery , the Acea Group has continued to deliver strong results , confirming our solid earnings performance thanks to the contributions from all areas of business and attentive cash flow management , ” said Giuseppe Gola , ACEA's Chief Executive Officer . " The first - half results allow us to look to the second part of the year with confidence and optimism , and enable us to raise our EBITDA guidance . Our concrete and effective strategy , centred around sustainability and innovation , and our commitment to sustainable development , decarbonisation and the circular economy , combined with the strengthening and implementation of our distribution grids , have been the key drivers of our success and are at the heart of the Group's values . The investment plans that we have coupled with the economic recovery path will help to achieve the energy transition goals and reduce the country's existing infrastructure gap . ” 1