Italgas — Proxy Solicitation & Information Statement 2026

Mar 20, 2026

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Italgas
Investiamo nel futuro dal 1837

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 1 of the ordinary session

"Financial Statements of Italgas S.p.A. as at 31 December 2025, Integrated Annual Report as
at 31 December 2025, Reports by the Directors, the Board of Statutory Auditors and the
Independent Auditing Firm. Related and consequent resolutions".

Dear Shareholders,

the 2025 financial statements of Italgas S.p.A. (hereinafter the “Company”), which closed with
a profit for the year of 356,102,431.96 euros, and the Consolidated Financial Statements, which
closed with a net profit attributable to the Group of 672,320 thousand euros and an adjusted net
profit attributable to the Group of 674.5 million euros (net profit including minority interests of
705,795 thousand euros and adjusted net profit including minority interests of 706.3 million
euros), are shown in the “2025 Integrated Annual Report” (which also includes the consolidated
sustainability reporting pursuant to Legislative Decree No. 125/2024), which is filed at the
Company’s registered office and published on the authorised storage mechanism “eMarket
STORAGE” at emarketstorage.com and on the Company website: www.italgas.it. This report
therefore refers to that document.

We hereby submit the following proposal for your approval:

“Dear Shareholders,

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
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Teleborsa: distribution and commercial use strictly prohibited
emarket
Fair Storage
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Italgas
Investiamo nel futuro dal 1837

having acknowledged the Reports of the Directors, of the Board of Statutory Auditors and of the Independent Auditing Firm, as well as the Integrated Annual Report at 31 December 2025, you are invited to approve the financial statements of Italgas S.p.A. for the year ended 31 December 2025 which closed with a profit of 356,102,431.96 euros."

Milan, 3 March 2026

The Chairman of the Board of Directors
Mr Paolo Ciocca

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