Edison: the stockholders’ meeting approves the 2003 turnaround results

Public disclosure required by Consob Resolution No. 11971 of May 14, 1999, as amended. Quadrino previews the Group’s positive performance in the first quarter of 2004 ahead of the May 10 meeting of the Board of Directors Romain Zaleski appointment to the Board of Directors is confirmed. The election of Dario Velo (University of Pavia) raises to four the number of independent Directors. Earnings up both for the core businesses (€339 million) and the Group (€144 millions). The core businesses report higher revenues €5,141 million (+16.4%) and EBIT €439 million (+ 50.8%).

Milan, April 28, 2004 - The Stockholders’ Meeting of Edison S.p.A. met today at the Group’s Foro Buonaparte headquarters under the chairmanship of Umberto Quadrino. It approved the 2003 Annual Report, which shows net income of €144.3 million, and appropriated this entire amount, plus €80.2 million in reserves, to cover in part the loss brought forward.