Edison 2012 first half results

Positive performance in the E&P sector: production up 15% for oil and 27% for gas Net financial debt improves to 3,189 million euros (3,884 million euros at December 31, 2011).

Milan, July 30, 2012 – Edison’s Board of Directors met today to review the semiannual Financial Report at June 30, 2012.

In a scenario characterized by persisting competitive pressure, both in the natural gas and electric power market, and continuing demand weakness, Edison succeeded in minimizing the effect on EBITDA thanks to its E&P activities, which, however, could not fully offset the impact of severe pressure on margins both in the natural gas sector and in electric power generation.