STANDARD & POOR'S AFFIRMS ENEL'S LONG-TERM (“A-“) AND SHORT-TERM (“A-2”) CREDIT RATINGS. STAND ALONE CREDIT PROFILE CHANGED TO “a-” FROM “bbb+”

Rome, September 21st, 2011 – Standard & Poor's today affirmed its long-term credit rating of "A-" and short-term credit rating of "A-2" for Enel S.p.A. ("Enel" or the "Company"). The outlook was confirmed as negative.

Besides, Standard & Poor's changed its stand-alone credit profile for the Company from "bbb+" to "a-", anticipating that Enel’s and Group’s financial risk profile will continue to improve in 2011 and over the medium term, despite the current challenging operating environment.
 
The revision of Enel’s stand-alone credit profile mainly reflects a combination of the solid operating performance of the Enel Group, supported by a large share of stable earnings from regulated activities, continuous management focus on operating efficiency and cost reduction, as well as the management commitment to preserve cash and reduce debt.
 
Standard & Poor's states furthermore that Enel’s rating no longer benefits from a onenotch uplift following its assessment of a “moderate” likelihood of extraordinary support from the Republic of Italy, which owns about 31% of the Company’s share capital, should it be needed.

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For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”). 
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.