IPO

NOTICE

In order to access this website and the admission document, you must read and accept the notice below, which the reader must consider carefully before reading, accessing, or otherwise using the information provided below. By accessing this website, you agree to be subject to the terms and conditions set forth below, and any subsequent updates thereto.

The Admission Document set forth in this section of the website ("Admission Document") is an Admission Document on Euronext Growth Milan, a multilateral trading system organized and managed by Borsa Italiana S.p.A. ("Euronext Growth Milan"), of the shares ("Shares") of Energy S.p.A. ("Company") and has been prepared pursuant to the Euronext Growth Milan Issuers' Regulations ("Euronext Growth Milan Issuers' Regulations"). The Admission Document and the transaction described therein do not constitute an offer of financial instruments to the public or an admission of financial instruments to a regulated market as defined by Regulation (EU) 2017/1129 of the European Parliament and of the Council, the Consolidated Law on Finance, Consob Regulation No. 11971 of May 14, 1999, as subsequently amended and supplemented, and the equivalent legal and regulatory provisions applicable abroad.

The information contained in this section of the website is made available pursuant to Articles 3 and 26 of the Euronext Growth Milan Issuers' Regulations.

The following information and the Admission Document are accessible only to persons who: (a) are residents of Italy and who are not domiciled or otherwise currently located in the United States of America, Australia, Japan, Canada, South Africa as well as in any other country in which the dissemination of the Admission Document or such information requires the approval of the competent local authorities or is in violation of local rules or regulations ("Other Countries"); (b) are not "U. S. Person" as defined in Regulation S of the United States Securities Act of 1933, as amended, nor are they persons acting on their behalf or for their benefit without the existence of a special registration or specific exemption to registration provided under the United States Securities Act and applicable law.

"U.S. Person" in the above sense is precluded from accessing and downloading the admission document through this website. For no reason and under no circumstances is it permitted to circulate, directly or through third parties, the Admission Document and any other information contained in this section of the website outside of Italy, in particular in the United States, Australia, Japan, Canada, South Africa or the Other Countries, nor is it permitted to distribute the Admission Document to a "U.S. Person" in the above sense. Failure to do so may result in a violation of the United States Securities Act or applicable law in other jurisdictions.

Regulation S of the United States Securities Act of 1933, as amended, defines as a "U.S. Person": (1) any natural person resident in the United States; (2) "partnerships" and "corporations" incorporated and organized under the laws in force in the United States; (3) any property whose directors or managers are a "U. S. Person"; (4) trusts whose trustee is a "U. S. Person"; (5) any agency, branch, or subsidiary of a person located in the United States; (6) accounts of a non-discretionary nature ("non-discretionary accounts"); (7) other similar accounts (other than property or trusts), managed or administered on a fiduciary basis for the account or benefit of a "U. S. Person"; (8) "partnerships" and "corporations" if (i) incorporated and organized under the laws of any foreign jurisdiction; and (ii) incorporated by a "U.S. Person" for the principal purpose of investing in securities not registered under the United States Securities Act of 1933, as amended, unless incorporated or organized and owned by accredited investors (as defined in Rule 501(a) of the United States Securities Act of 1933, as amended) who are not individuals, estates or trusts.

The information contained in this website (or in any other site with which this website has hyperlinks) does not constitute an offer, invitation to offer or promotional activity in connection with the actions with respect to any citizen or person residing in Canada, Australia, Japan, South Africa or the United States of America or in any other country in which such acts are not permitted in the absence of specific exemptions or authorizations from the relevant authorities. The shares are not and will not be subject to registration under the United States Securities Act of 1933, as amended or with any regulatory authority of any state or other jurisdiction of the united states of America and may not be offered or sold in the United States of America or to, or for the account or benefit of, a U.S. Person, within the meaning stated above, in the absence of such registration or express exemption from such compliance or in any other country where the offering of shares is restricted under applicable law.

In order to access this website, the Admission Document and any other information contained in the following pages, I declare under my full responsibility that I am a resident of Italy and that I am not currently domiciled or located in the United States of America, Australia, Japan, Canada, South Africa or the Other Countries and that I am not a "U.S. Person" as defined in Regulation S of the United States Securities Act of 1933, as amended.