Rome, March 19th, 2012 - Enel SpA clarifies that a number of the claims contained in the UBS report published last Friday, March 16th, entitled Hydro Concessions May Cost Dearly are inaccurate.
The so-called Bersani Decree (Legislative Decree n.79 of March 16th, 1999 as amended by subsequent modifications and integrations) states that the Enel Groups major hydroelectric concessions (which did not envisage expiration dates before the approval of the aforementioned decree) will expire in 2029.
After the Decrees coming into force, some years ago, through several law provisions, a 10-year extension was decided for all existing concessions. This extension also applied to Enel Groups major hydroelectric concessions for which expiration would be extended to 2039 from 2029.
Only this last extension, decided through the above mentioned law provisions, was cancelled by the Constitutional Court, while contrary to what was indicated in the above mentioned UBS report, no sentence was issued by the Council of State declaring the Bersani Decree void.
Therefore, the date of expiration of the Enel Groups major hydroelectric concessions remains fixed as defined in the Bersani Decree at 2029.
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.