Edison: 700 million euro bank loan agreement

Milan, 13 June 2011 –  Today Edison Spa entered into a 700 million euro loan agreement with a pool of banks composed of Banco Bilbao Vizcaya Argentaria SA, Banco Santander SA, Milan Branch, Banc of America Securities Limited, BNP Paribas Succursale Italia, Commerzbank Aktiengesellshaft Filiale di Milano, Crédit Agricole Corporate & Investment Bank, Milan Branch, Intesa Sanpaolo S.p.A., JPMorgan Chase Bank, N.A., Milan Branch, Mediobanca - Banca di Credito Finanziario S.p.A., Société Générale Corporate & Investment Banking, Milan Branch, The Royal Bank of Scotland Plc, Milan Branch, UniCredit S.p.A., as Mandated Lead Arrangers, and Banca IMI as Agent Bank. In this transaction, Edison has been assisted by Studio Chiomenti and the banks by Clifford & Chance.

The transaction has been arranged on a Club Deal basis, without any syndications.

The loan, a Revolving Credit Facility Senior Unsecured, is indexed to Euribor plus a spread in line with the current best market conditions and has a tenor up to 18 months (after 12 months the Company has the right to extend the maturity for further 6 months).

“The loan - commented Mr. Marco Andreasi,  Edison CFO -  has the purpose to fund the operational and financial needs of the Company, including the reimbursement of the 500 million euro bond expiring in July 2011. “