Snam — Capital/Financing Update 2019

May 24, 2019

Informazione Regolamentata n. 0542-53-2019		Data/Ora Ricezione 24 Maggio 2019 18:30:24	MTA
Societa'	:	SNAM SPA
Identificativo Informazione Regolamentata	:	118977
Nome utilizzatore	:	SNAMN01 - Palladino
Tipologia	:	2.2
Data/Ora Ricezione	:	24 Maggio 2019 18:30:24
Data/Ora Inizio Diffusione presunta	:	24 Maggio 2019 18:30:25
Oggetto	:	Snam: private placement issued for 250 million euro with maturity January 2030
Testo del comunicato

Vedi allegato.

NOT TO BE PUBLISHED OR DISTRIBUTED IN THE UNITED STATES, CANADA AND JAPAN

Snam: private placement issued for 250 million euro with maturity January 2030

San Donato Milanese (Milan), 24 May 2019 – Snam (rated Baa2 by Moody's, BBB+ by S&P and BBB+ by Fitch) today issued a private placement addressed to a pool of primary institutional investorsfor an amount of 250 million euro with maturity January 2030 (compared to a maturity of the medium- to long-term debt of approximately 5 years).

Details are as follows: Amount: 250 million euro Maturity: 7 January 2030 Annual coupon of 1.625%. The re-offer price is 98.928 (equivalent to a spread of 128 basis points over the interpolated mid-swap rate).

In the context of positive market conditions, Snam continues to optimize its debt structure and cost of capital, in line with its targets.

The notes, issued under Snam's €10 billion Euro Medium Term Notes Programme (EMTN) which was approved by the Board of Directors on 2 October 2018, will be listed on the Luxembourg Stock Exchange.

DISCLAIMER

This announcement (and the information contained therein) does not constitute or form part of any offer to sell nor a solicitation of any offer to buy any securities nor shall there be any offer of securities in any jurisdiction in which such offer or sale would be unlawful. It may be unlawful to distribute this announcement in certain jurisdictions. This announcement does not constitute an offer of securities for sale in the United States, Canada and Japan and in any jurisdiction in which such offer or sale would be unlawful and is not for publication or distribution in any such jurisdictions. The securities referred to in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This announcement is not a public offer of financial products in Italy as per Article 1, para. 1, letter. t) of Legislative Decree no. 58 of February 24, 1998. The documentation relating to the offer has not been/will not be submitted to the approval of CONSOB.

This press release is available at www.snam.it

snam press office T+ 39 02.37037273 ufficio.stampa@snam.it