Iren — Capital/Financing Update 2020

Jan 27, 2020

PRESS RELEASE

Fitch confirms Iren "investment grade" rating at BBB with stable outlook.

Reggio Emilia, 27 January 2020 – Today Fitch Ratings Agency has confirmed the BBB investment grade rating for IREN with a stable outlook. The assessment is mainly based on the update of the business plan to 2024, which, in continuity with previous years, confirms the prevalence of regulated and quasi-regulated activities, over 70% of EBITDA, by the end of the plan.

Fitch also positively assesses the strengthening of the Group's financial ratios and liquidity profile.

For more details, please refer to the following link https://www.fitchratings.com/site/pr/10108756

Iren Group	Photos	Investor Relations	Iren Overview
Investor Relations		Media Relations	Barabino & Partners
Giulio Domma		Paolo Colombo	Giovanni Vantaggi
Tel: +39 052 124 8410 investor.relations@gruppoiren.it		Tel: +39 011 554 9175 Mob: +39 348 220 6005	Tel. +39 027 202 3535 Mob: + 39 328 831 7379

investor.relations@gruppoiren.it

Mob: +39 348 220 6005 paolobartolomeo.colombo@gruppoiren.it

g.vantaggi@barabino.it