Snam — Capital/Financing Update 2022

Nov 28, 2022

Informazione Regolamentata n. 0542-78-2022		Data/Ora Ricezione 28 Novembre 2022 17:49:42	Euronext Milan
Societa'	:	SNAM
Identificativo Informazione Regolamentata	:	169869
Nome utilizzatore	:	SNAMN02 - Pezzoli
Tipologia	:	REGEM
Data/Ora Ricezione	:	28 Novembre 2022 17:49:42
Data/Ora Inizio Diffusione presunta	:	28 Novembre 2022 17:49:43
Oggetto	:	Snam_PR EU Taxonomy-Aligned Transition Bond
Testo del comunicato

Vedi allegato.

NOT TO BE PUBLISHED OR DISTRIBUTED IN THE UNITED STATES, CANADA AND JAPAN

Snam: successfully launches its first EU Taxonomy-Aligned Transition Bond for 300 million euros and 3.375% coupon

San Donato Milanese (MI), 28 November 2022 – Snam S.p.A. (rated Baa2 by Moody's, BBB+ by S&P and BBB+ by Fitch) today successfully launched its first EU Taxonomy-Aligned Transition Bond whose proceeds will be used to finance projects in the energy transition, known as the Eligible Projects, as set out by Snam's Sustainable Finance Framework published in November 2021.

Features of the EU Taxonomy-Aligned Transition Bond are as follows:

Amount: 300 million euros

Maturity: December 5 th 2026

Annual coupon of 3.375%. The reoffer price is 99.577% (equivalent to a spread of 75 bps over the reference mid swap rate).

Today's transaction is in line with Snam's commitment towards sustainable finance as a key pillar of its strategy which includes, among others, a carbon neutrality target by 2040 and the further development of its energy transition businesses. It will also contribute to Snam's target to achieve more than 80% of its funding through sustainable finance instruments by 2025 compared to 60% as of the end of 2021.

Details on the Sustainable Finance Framework are available on the company website (https://www.snam.it/export/sites/snam-rp/it/investorrelations/debito\_credit\_rating/file/Sustainable-Finance-Framework\_Snam\_29.11.2021.pdf).

The notes are issued under Snam's 13 billion euros EMTN (Euro Medium Term Note) programme which was approved by the Board of Directors on October 12th 2022 and will be listed on the Luxembourg Stock Exchange.

Goldman Sachs International acted as a Sole Bookrunner.

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 2, letter (d), of Regulation (EU) 2017/1129. The documentation relating to the offer has not been/will not be submitted to the approval of CONSOB.