Edison: the shareholders' meeting approves the 2005 annual report

Public disclosure required by Consob Resolution No. 11971 of May 14, 1999, as amended. The Shareholders' Meeting votes to distribute a dividend of 0.038 euros to each common share and 0.218 euros to each savings share.

Milan, April 06, 2006 - Edison SpA's Shareholders' Meeting met today at the Company's Foro Buonaparte headquarters and approved the 2005 Annual Report, which shows a net profit of 351 million euros (312 million in 2004). Consolidated balance sheet showed a net profit of 500 million euros (354 million euros in 2004).

The Shareholders' Meeting then voted to replenish the remaining loss carryforward of about 58 million euros and distribute a dividend of 0.038 euros (3.8% of nominal value) to each common share and 0.218 euros to each savings share. This allocation takes into account the rights of the holders of savings shares to receive also past-due preferred dividends for the past three years (5% of nominal value) and a 3% preference premium on any dividend distributed to the common shares.

The dividend will be payable on April 27, 2006 (coupon presentation date April 24, 2006).