Italgas — Proxy Solicitation & Information Statement 2026

Mar 20, 2026

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Italgas
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Italgas S.p.A.
ORDINARY AND EXTRAORDINARY SHAREHOLDERS' MEETING OF 21 APRIL
2026
SINGLE CALL

Report by the Board of Directors on the proposals concerning the items on the agenda of
the Shareholders' Meeting

Item 2 of the ordinary session
“Allocation of the profits for the year and distribution of the dividend.”

Dear Shareholders,

we submit for your approval the following proposal for the allocation of the profit for the year
of 356,102,431.96 euros emerging from the financial statements as at 31 December 2025:

“Dear Shareholders,

The Board of Directors proposes that you:

• allocate 17,805,121.60 euros to the Legal reserve,
• allocate to the Shareholders 0.432 euros as dividend per share, using the remaining portion
  of the profit for the year of 338,297,310.36 euros as reported in Italgas S.p.A.’s financial
  statements at 31 December 2025 and the Retained earnings reserve for 100,759,060.15
  euros,
• resolve to pay the dividend of 0.432 euros due on each share from 20 May 2026, with coupon
  payment date set for 18 May 2026 and record date 19 May 2026.”

Milan, 3 March 2026
The Chairman of the Board of Directors
Mr Paolo Ciocca

Via Carlo Bo, 11 - 20143 Milan
Italgas S.p.A.
Registered Office in Milan - no. of shares: 1,016,334,191 Share capital: 1,258,157,892.44 euros, fully paid-up
Milan Business Register - Tax Code and VAT number 09540420966 - R.E.A. Milan no. 2097057
Company belonging to the "Italgas VAT Group" VAT No. 10538260968