Enel

Major Shareholding Notification • May 28, 2020

Informazione Regolamentata n. 0116-38-2020		Data/Ora Ricezione 28 Maggio 2020 07:22:27	MTA
Societa'	:	ENEL
Identificativo Informazione Regolamentata	:	133136
Nome utilizzatore	:	ENELN07 - Giannetti
Tipologia	:	2.2
Data/Ora Ricezione	:	28 Maggio 2020 07:22:27
Data/Ora Inizio Diffusione presunta	:	28 Maggio 2020 07:22:28
Oggetto	:	Enel reaches 62.3% of Enel Américas' share capital
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ENEL REACHES 62.3% OF ENEL AMERICAS' SHARE CAPITAL

Enel has increased its shareholding in Enel Américas by an additional 5%, in line with Enel Group's announced objective to buy out minorities in South America

Rome, May 28th, 2020 – Enel S.p.A. ("Enel") has increased its stake in its Chilean subsidiary Enel Américas S.A. ("Enel Américas") to 62.3% of the company's share capital, by settling two share swap transactions (the "Swap Transactions") entered into in June 2019 with a financial institution to acquire up to 5% of the share capital of Enel Américas, as announced to the financial markets at the time.

Pursuant to the Swap Transactions, Enel has acquired:

• 2,492,146,691 shares of Enel Américas common stock; and
• 26,243,377 Enel Américas American depositary shares ("ADSs"), each representing 50 shares of Enel Américas common stock;

The above-mentioned securities represent, in the aggregate, 5% of Enel Américas' share capital.

In accordance with the Swap Transactions, the total price paid for the shares of Enel Américas common stock and ADSs amounts to approximately 701 million US dollars, equal to around 639 million euros¹ .

Enel's payment obligations under the Swap Transactions have been funded through internal cash flow generation.

As announced to the financial market, Enel entered into two further share swap transactions in April 2020 to acquire, on dates that are expected to occur no later than the end of 2020, additional shares of Enel Américas' common stock and American Depositary Shares by up to a further 2.7%, reaching up to 65% of the company's share capital.

The above-mentioned transactions are in line with the Enel Group's announced objective to buy out minorities in subsidiaries operating in South America.

¹ Based on exchange rates as of May 26th, 2020.