Terna — Board/Management Information 2020

Apr 23, 2020

TERNA: LISTS OF CANDIDATES FOR THE RENEWAL OF THE BOARD OF DIRECTORS AND OF THE BOARD OF STATUTORY AUDITORS FILED

Rome, 23 April 2020 – TERNA S.p.A. informs that, today, its relative majority shareholder CDP RETI S.p.A., company controlled by Cassa Depositi e Prestiti S.p.A., overall representing 29.851% of TERNA S.p.A.'s share capital, has filed the lists of candidates as indicated below, for the appointment of the Board of Directors and Board of Statutory Auditors, respectively, bodies whose renewal will be decided by TERNA S.p.A.'s ordinary Shareholders' Meeting, already convened for 18 May 2020 in both Ordinary and Extraordinary session (in a single call):

List of candidates for the renewal of the Board of Directors

• 1. Valentina Bosetti (*);
• 1. Stefano Antonio Donnarumma;
• 1. Alessandra Faella (*);
• 1. Yunpeng He;
• 1. Valentina Canalini (**);
• 1. Ernesto Carbone (*);
• 1. Giuseppe Ferri (*);
• 1. Antonella Baldino;
• 1. Fabio Corsico (*);

List of candidates for the renewal of the Board of Statutory Auditors

Standing Auditors

• 1. Vincenzo Simone (***);
• 1. Raffaella Fantini (***);

Alternate Auditors

• 1. Massimiliano Ghizzi (***);
• 1. Maria Assunta Damiano (***).

In this regard we would also like to represent that the shareholder CDP Reti S.p.A. has notified the following proposals of resolutions to the Shareholders' Meeting, pursuant to Article 126-bis, paragraph 1, penultimate sentence, of the Consolidated Financial Act:

• appointment of the candidate Valentina Bosetti to the office of Chairwoman of the Board of Directors;
• to establish the number of members of the Board of Directors as 13 (thirteen);
• to establish the term of office of the Board of Directors to be appointed as 3 (three) years and therefore with expiration on the date of the Shareholders' Meeting called to approve the financial statements as of December 31, 2022;

• to establish the remuneration of the members of the Board of Directors as € 50,000 gross per year for the Chairman of the Board of Directors and € 35,000 gross per year for each of the other Directors, in addition to reimbursement of expenses incurred in reasons of their office;

• to establish the remuneration of the standing members of the Board of Statutory Auditors as € 55,000 gross per year for the Chairman of the Board of Statutory Auditors and € 45,000 gross per year for the other standing auditors, in addition to reimbursement of expenses incurred in reasons of their office.

Please also be informed that for the appointment of the Board of Directors and the Board of Statutory Auditors, today, a group of shareholders constituted by asset management companies and other institutional investors (Amundi Asset Management SGR S.p.A. gestore del fondo: Amundi Sviluppo Italia; Anima SGR S.p.A. gestore dei fondi: Anima Crescita Italia, Anima Geo Italia, Anima Iniziativa Italia, Anima Italia; Arca Fondi SGR S.p.A. gestore del fondo: Fondo Arca Azioni Italia; BancoPosta Fondi S.p.A. SGR gestore del fondo BancoPosta Globale Equity LTE; Epsilon SGR S.p.A. gestore dei fondi: Epsilon Allocazione Tattica Giugno 2020, Epsilon DLong Run, Epsilon Flessibile Azioni Euro Aprile 2021, Epsilon Flessibile Azioni Euro Febbraio 2021, Epsilon Flessibile Azioni Euro Giugno 2021, Epsilon Flessibile Azioni Euro Novembre 2020, Epsilon Flessibile Azioni Euro Settembre 2020, Epsilon Multiasset 3 anni Luglio 2020, Epsilon Multiasset 3 anni Maggio 2020, Epsilon Multiasset Valore Globale Dicembre 2021, Epsilon Multiasset Valore Globale Giugno 2021, Epsilon Multiasset Valore Globale Luglio 2022, Epsilon Multiasset Valore Globale Maggio 2022, Epsilon Multiasset Valore Globale Marzo 2022, Epsilon Multiasset Valore Globale Settembre 2021, Epsilon QReturn, Epsilon QValue; Etica SGR S.p.A. gestore dei fondi: F.Do Etica Azionario; F.Do Etica Bilanciato, F.Do Etica Impatto Clima, F.Do Etica Obbligazionario Misto, F.Do Etica Rendita Bilanciata; Eurizon Capital SGR S.p.A: gestore dei fondi: Eurizon Azioni Area Euro, Eurizon Azioni Italia, Eurizon PIR Italia Azioni, Eurizon Progetto Italia 40, Eurizon Progetto Italia 70, Eurizon Rendita; Eurizon Capital S.A. gestore del fondo Eurizon Fund comparti: Equity Euro LTE, Equity Europe LTE, Equity Italy Smart Volatility, Equity Small Mid Cap Europe, Italian Equity Opportunities; Fidelity Funds – Sicav; Fideuram Asset Management (Ireland) gestore del fondo Fonditalia Equity Italy; Fideuram Investimenti SGR S.p.A. gestore dei fondi: Piano Azioni Italia, Piano Bilanciato Italia 30, Piano Bilanciato Italia 50; Interfund Sicav – Interfund Equity Italy; Kairos Partners SGR S.p.A. in qualità di Management Company di Kairos International Sicav comparti: Italia, Risorgimento, Target Italy Alpha; Legal & General Assurance (Pensions Management) Limited; Mediolanum Gestione Fondi SGR S.p.A. gestore dei fondi: Mediolaum Flessibile Futuro Italia, Mediolanum Flessibile Sviluppo Italia; Mediolanum International Funds Limited – Challenge Funds – Challenge Italian Equity; Pramerica Sicav comparti: Italian Equity, Euro Equity, Low Carbon) overall representing 1,37675% of the share capital of TERNA S.p.A., has filed the following lists of candidates:

List of candidates for the renewal of the Board of Directors

• 1. Marco Giorgino (*)
• 1. Gabriella Porcelli (*)
• 1. Paola Giannotti (*)
• 1. Jean-Michel Aubertin (*)

List of candidates for the renewal of the Board of Statutory Auditors Standing Auditor

1. Mario Matteo Busso (***).

Alternate Auditor 1. Barbara Zanardi (***).

These lists, together with the relative documentation, will be made available to the public at the Company's registered office and published on the Company website (www.terna.it), and on the

website of the authorised storage service (), and Borsa Italiana S.p.A. (www.borsaitaliana.it) according to the terms established by the law.

^{--------------------} (*) Candidate in possession of the independence requisites established by the law (articles. 147 ter, paragraph 4 and 148, paragraph 3, of the Italian Legislative Decree no. 58 of 24 February 1998 – Consolidated Law on Finance) and by article 3 of the Italian Corporate Governance Code

^(**) Candidate in possession of the independence requisites established by the law (articles. 147 ter, paragraph 4 and 148, paragraph 3, of the Italian Legislative Decree no. 58 of 24 February 1998 – Consolidated Law on Finance)

^(***) Candidate registered in the register of statutory auditors who has exercised the activity of legal control of accounts for a period of at least three years.