The A2A S.p.A. Management Board has examined and approved the Half year financial report at 30 June 2013

• Positive economic-financial results for the first half of 2013
• Gross Operating Margin of 610 million euros, up by 126 million euros compared to the corresponding period of 2012
• Net profit for the period of 133 million euros, up by 8 million euros compared to the result of the first half of 2012 which benefited from greater reversals of funds and net capital gains for around 40 million euros
• Net Financial Debt down by 298 million euros in the half year

Brescia, 31 July 2013 – At today’s meeting of the Management Board of A2A S.p.A., chaired by Mr. Graziano Tarantini, the Board examined and approved the Half year financial report at 30 June 2013.

The ordinary operations show a Gross Operating Margin of 610 million euros, up by 126 million euros (+26.0%) compared to the same period of the previous year. This result includes the entry, for a total of 22 million euros, of charges relating to the plan to gradually reduce the workforce pertaining to the entire three-year period of the 2013-2015 Plan.

The Energy Business made a significant contribution to the performance of the Gross Operating Margin with a growth of 126 million euros compared to the first half of 2012. This benefited from the consolidation for the entire period of the company Edipower (which entered the Group's perimeter from June 2012) and the results of the subsidiary company EPCG in Montenegro which, also in the second quarter of the year, showed an increase in results compared to the year 2012. The profit trend of the Environment Business and the Cogeneration and District Heating Business was also positive, while the margin of the Networks Business was slightly reduced due to the effect of the aforementioned entry of a part of the mobility charge.

The net profit for the period equalled 133 million euros (125 million euros at 30 June 2012). It should be pointed out that the first half of 2012 benefited, compared to the first half of 2013, from greater reversals of funds and net capital gains for 40 million euros.

During the period, the generation of net cash flows was positive and amounted to 298 million euros, after investments of 118 million euros and the payment of dividends for 81 million euros. The Net Financial Position at the end of June 2013 thus amounted to 4,074 million euros (4,372 million euros at 31 December 2012).

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