Enel

Capital/Financing Update • Jan 21, 2016

Informazione Regolamentata n. 0116-9-2016		Data/Ora Ricezione 21 Gennaio 2016 10:32:12	MTA
Societa'	:	ENEL
Identificativo Informazione Regolamentata	:	68327
Nome utilizzatore	:	ENELN03 - Pollio
Tipologia	:	AIOS 06
Data/Ora Ricezione	:	21 Gennaio 2016 10:32:12
Data/Ora Inizio Diffusione presunta	:	21 Gennaio 2016 10:47:13
Oggetto	:	750,007,000 EUROS	ENEL REPURCHASES NOTES FOR AN AGGREGATE NOMINAL AMOUNT OF
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ENEL REPURCHASES NOTES FOR AN AGGREGATE NOMINAL AMOUNT OF 750,007,000 EUROS

Offer made as part of Enel's strategy to optimise its liabilities structure by way of active management of maturities and debt service costs.

Rome, January 21st, 2016 – Enel S.p.A. ("Enel") announces that, following the voluntary non-binding tender offer launched on January 14th, 2016 and concluded on January 20th , 2016 for the repurchase for cash of up to an aggregate nominal amount of 500,000,000 euros of two series of notes previously issued by Enel, the company will purchase those notes for an aggregate nominal amount of 750,007,000 euros. Enel has exercised the option to increase the aggregate nominal amount that was initially foreseen, in line with the offer documentation.

Specifically, Enel has allocated the nominal amount repurchased as follows: 591,088,000 euros in nominal amount to repurchasing the notes maturing on June 20th, 2017 ("2017 Notes"), following the application of a 92.5715% scaling factor and 158,919,000 euros in nominal amount to repurchasing the notes maturing on June 12th , 2018 ("2018 Notes"), following the application of a 100% scaling factor.

The offer was made as part of Enel's strategy to optimise its liabilities structure by way of active management of maturities and debt service costs.

Details of the transaction are presented in the table below.

2017 Notes	Nominal amount repurchased	Purchase yield	Purchase price	Accrued interest	Nominal amount outstanding after the settlement date	Scaling factor
€1,500,000,000 5.250 per cent. notes due 20 June 2017 (ISIN XS0306644344) listed on the regulated market of the Irish Stock Exchange	591,088,000	0%	107.359%	3.141%	908,912,000	92.5715%

Enel SpA – Registered Office: 00198 Rome – Italy - Viale Regina Margherita 137 – Companies Register of Rome and Tax I.D. 00811720580 - R.E.A. 756032 – VAT Code 00934061003 – Stock Capital Euro 9,403,357,795 fully paid-in

2018 Notes	Nominal amount repurchased	Purchase yield	Purchase price	Accrued interest	Nominal amount outstanding after the settlement date	Scaling factor
€750,000,000 4.750 per cent. notes due 12 June 2018 (ISIN XS0170343247) listed on the regulated market of the Luxembourg Stock Exchange	158,919,000	0%	111.304%	2.946%	591,081,000	100%

The settlement date for the offer will fall on January 25th , 2016.

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