Edison: Nine-month EBITDA at 963 million euros after successful conclusion of gas procurement arbitration

Net financial debt improves to 3,011 million euros (3,884 million euros at December 31, 2011). The scenario remains tough. The Board of Directors set the period for voluntary conversion of Edison saving shares (now listed) in ordinary shares (not listed) from November 2 to November 30, 2012.

Rome, October 26, 2012 – Edison’s Board of Directors met today to review the Quarterly Report at September 30, 2012

Edison closed the first nine months of 2012 with positive results, thanks mainly to the successful conclusion of the arbitration for the long term contracts to buy natural gas from RasGas and Eni, which had an impact on EBITDA for the period of about 600 million euros, which includes the contribution for previous periods. This extraordinary contribution, coupled with a positive performance by the Hydrocarbons Operations (oil production +8% to 2.7 million barrel, gas production +20% to 1,913 million of standard cubic metres) translated into an upturn in profitability, boosting EBITDA to 963 million euros.