Enel

M&A Activity • Sep 1, 2016

Informazione Regolamentata n. 0116-76-2016		Data/Ora Ricezione 01 Settembre 2016 17:44:09	MTA
Societa'	:	ENEL
Identificativo Informazione Regolamentata	:	78666
Nome utilizzatore	:	ENELN05 - Giannetti
Tipologia	:	IROS 02
Data/Ora Ricezione	:	01 Settembre 2016 17:44:09
Data/Ora Inizio Diffusione presunta	:	01 Settembre 2016 17:59:10
Oggetto	:	Price set for public tender offer that Enel subsidiary Enersis Americas will launch for Endesa Americas free float
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PRICE SET FOR PUBLIC TENDER OFFER THAT ENEL SUBSIDIARY ENERSIS AMERICAS WILL LAUNCH FOR ENDESA AMERICAS FREE FLOAT

• The increase in the public tender offer price to 300 from 285 Chilean pesos per share has the aim of offering Endesa Américas minority shareholders an option for liquidating their shareholdings if the forthcoming merger of the company into Enersis Américas is approved
• The public tender offer will be launched on September 13th, 2016

Rome/Santiago de Chile, September 1st, 2016 – Enel S.p.A. ("Enel") announces that the Board of Directors of its subsidiary Enersis Américas S.A. ("Enersis Américas") during yesterday's meeting approved a number of resolutions concerning the voluntary public tender offer that Enersis Américas will launch for the shares of its subsidiary Endesa Américas S.A. ("Endesa Américas").

More specifically, the Board of Directors of Enersis Américas set the definitive tender price at 300 Chilean pesos per share (compared with the last price of 285 Chilean pesos per share announced on December 17th, 2015). The offer relates to all of the shares and American Depositary Shares of Endesa Américas not held by Enersis Américas, which represent about 40.02% of the share capital of Endesa Américas.

The Board of Directors of Enersis Américas also announced that the public tender offer will be officially launched on September 13th, 2016, when all of the details of the offer will be made public.

The public tender offer, which was first announced in November 2015 as part of the corporate restructuring of the Enel Group in Latin America, is intended to facilitate and support the successful merger by incorporation of Endesa Américas and the other Chilean subsidiary Chilectra Américas S.A. into Enersis Américas. The shareholders of the companies involved will be asked to vote on the transaction at their respective Extraordinary Shareholders' Meetings, called for September 28th, 2016. The completion of the public tender offer is subject to such approval. In this context, the public tender offer price increase has the aim of offering Endesa Américas minority shareholders an option for liquidating their shareholdings in the company if the merger is approved.

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