Voluntary conversion of Edison's saving shares 2019

Importance notice

PLEASE READ CAREFULLY THE FOLLOWING RESTRICTIONS AND CONDITIONS OF USE OF THIS SECTION OF THE WEBSITE

With reference to the voluntary conversion of savings shares into ordinary shares in accordance with the provisions of art. 25, paragraph 3, of the Bylaws of Edison S.p.A. (the "Voluntary Conversion"), it is highlighted that the exercise of Voluntary Conversion is a power granted to all the owners of the savings shares of Edison, on equal conditions, but exclusively on the Italian market, as the savings shares are traded only on the MTA.

The exercise of Voluntary Conversion is recognized to all the owners of the savings shares of Edison S.p.A. ("Edison"), on equal conditions without distinction, but not to the owners of savings shares in the United States of America, or in any other country subject to the jurisdiction of the United States of America (collectively the “United States of America”) – it was and it shall be addressed neither to a U.S. Person (as defined by the U.S. Securities Act dated 1933, as subsequently amended) – nor in Australia, Canada, Japan and any country other than Italy in which this is not allowed without specific authorizations of the competent authorities (collectively the “Other Countries”), either by using the postal services or other communication or international commerce means (including therein, for example, the postal network, the fax, the telex, the e-mailing, the telephone and the internet) of the United States of America, Australia, Canada, Japan or of the Other Countries, or whatever financial intermediaries structure of the United States of America, Australia, Canada, Japan or of the Other Countries, or through any of the national regulated markets of the United States of America, Australia, Canada, Japan or of the Other Countries.

Therefore, the exercise of Voluntary Conversion by parties residing in the countries other than Italy may be subject to specific obligations or restrictions as provided by applicable laws and regulations. It is the sole responsibility of the owners of the savings shares to verify the existence and applicability of any such provisions, using appropriate consultants and intermediaries, and to comply with such laws and regulations prior to the exercise of Voluntary Conversion. Acceptances of the exercise of Voluntary Conversion caused by solicitation activities carried out in violation of the limitations described herein shall not be accepted by Edison.

The report of the Board of Directors, as well as any other document that Edison emits relating to Voluntary Conversion, are not and cannot be considered intended for owners of savings shares in the United States of America, Australia, Canada, Japan or of the Other Countries. Anyone who is in possession of the above mentioned documents shall abstain from distributing or transmitting, either directly or indirectly, in and/or from the United States of America, Australia, Canada, Japan and in or from the Other Countries or to a U.S. Person.

The report of the Board of Directors, the documents and information contained in this section of the website, do not constitute and shall not be construed as an offer of financial instruments addressed to residents in the United States of America, Australia, Canada, Japan and in or from the Other Countries or to a U.S. Person.

Anyone who intends to examine the report of the Board of Directors, and the other documents contained in this section of the website must read carefully and be fully aware of the information reported above. By clicking on the button “Accept” (s)he declares and grants to have fully understood and accepted the limitations reported above and (s)he also declares not to be a U.S. Person nor to be currently or residing in the United States of America, Australia, Canada, Japan and any of the Other Countries.