Terna — Board/Management Information 2023

Apr 14, 2023

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

Rome, 14 April 2023 – Terna S.p.A. informs that, today, its relative majority shareholder CDP Reti S.p.A., 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 slates as indicated below, for the appointment of the Board of Directors and of the Board of Statutory Auditors, respectively, bodies whose renewal will be decided by Terna S.p.A.'s ordinary Shareholders' Meeting, already convened for 9 May 2023 (in a single call):

Slate for the renewal of the Board of Directors

• 1. Igor De Biasio (Chairman) (*);
• 1. Giuseppina Di Foggia (*) (**);
• 1. Francesco Renato Mele;
• 1. Qinjing Shen;
• 1. Regina Corradini D'Arienzo;
• 1. Angelica Krystle Donati (*);
• 1. Enrico Tommaso Cucchiani (*);
• 1. Gian Luca Gregori (*);
• 1. Simona Signoracci (*).

Slate for the renewal of the Board of Statutory Auditors Standing Auditors

• 1. Lorenzo Pozza (***) (****);
• 1. Antonella Tomei (***) (****);

Alternate Auditors

• 1. Lucrezia Iuliano (***) (****);
• 1. Antonello Lillo (***) (****).

In this regard, it should be noted 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:

• to establish the number of members of the Board of Directors as thirteen;
• to establish the term of office of the Board of Directors to be appointed as 3 (three) financial years and therefore with expiration on the date of the Shareholders' Meeting called to approve the financial statements as of December 31, 2025;
• appointment of the candidate Igor De Biasio to the office of Chairman of the Board of Directors;

• 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 the refund 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 the refund of expenses incurred in reasons of their office.

Furthermore, it should be noted that for the appointment of the Board of Directors and of the Board of Statutory Auditors, today, a group of shareholders constituted by asset management companies and other institutional investors (Anima Sgr S.P.A. gestore dei fondi: Anima Iniziativa Italia, Anima Italia, Anima Crescita Italia; APG Asset Management N.V., gestore dei fondi: Stichting Depositary APG Minimum Volatility Pool e Stichting Pensioenfonds ABP, Stichting Pensioenfonds ABP DME Minimum Volatility Portfolio, Stichting Depositary APG Developed Markets Equity Minimum Volatility Pool; Arca Fondi Sgr S.P.A. gestore dei fondi: Arca Azioni Europa Climate Impact, Fondo Arca Azioni Italia; Axa WF Italy Equity; BancoPosta Fondi S.p.A. SGR gestore dei fondi: Bancoposta Global Equity LTE, Bancoposta Rinascimento, Bancoposta Global Equity Hedged LTE, Bancoposta Equity Developed Countries, Bancoposta Equity All Country; BNP Paribas Asset Management; Epsilon Sgr S.P.A. gestore dei fondi: Epsilon QValue, Epsilon QReturn, Epsilon DLongRun; Etica Sgr S.p.A. gestore dei fondi: F.do Etica Rendita Bilanciata, F.do Etica Obbligazionario Misto, F.do Etica Bilanciato, F.do Etica Azionario, F.do Etica Impatto Clima; Eurizon Capital SGR S.p.A gestore dei fondi: Eurizon Step 70 Pir Italia Giugno 2027, Eurizon Am Bilanciato Etico, Eurizon Am Flexible Trilogy, Eurizon Am Obiettivo Controllo, Eurizon Am Obiettivo Stabilita, Eurizon Am Tr Megatrend, Eurizon Am Tr Megatrend Ii, Eurizon Pir Italia Azioni, Eurizon Azioni Italia, Eurizon Rendita, Eurizon Progetto Italia 70, Eurizon Progetto Italia 40; Eurizon Capital S.A. gestore del fondo Eurizon Fund comparti: EAM - Obiettivo Sviluppo, EAM - Social 4 Children ESG, EAM - Low Carbon Euro, EAM - Obiettivo Stabilità, EuF - Equity Europe ESG LTE, EuF - Equity Euro LTE, EAM - Obiettivo Equilibrio, EAM - Italian Equity, EAM - Obiettivo Controllo, EAM - Global Equity, EuF - Equity Europe LTE, EuF - Italian Equity Opportunities, EuF - Equity Planet, Enext - Strategia Megatrend, EuF - Equity Italy Smart Volatility; Fideuram Asset Management Ireland gestore del fondo Fonditalia Equity Italy; Fideuram Intesa Sanpaolo Private Banking Asset Management Sgr S.P.A. gestore del fondo Piano Azioni Italia; Interfund Sicav - Interfund Equity Italy; Fondo Pensione BCC/CRA; Kairos Partners Sgr S.P.A. in qualità di Management Company di Kairos International Sicav – Comparti Italia e Made in Italy; Legal & General Assurance (Pensions Management) Limited; Mediolanum Gestione Fondi Sgr S.P.A. gestore del fondo Mediolanum Flessibile Futuro Italia) overall representing 1.50570% of the share capital of Terna S.p.A., has filed the following slates:

Slate for the renewal of the Board of Directors

• 1. Marco Giorgino (*);
• 1. Karina Audrey Litvack (*);
• 1. Jean-Michel Aubertin (*);
• 1. Anna Chiara Svelto (*).

Slate for the renewal of the Board of Statutory Auditors Standing Auditor

1. Mario Matteo Busso (***) (****).

Alternate Auditor

1. Barbara Zanardi (***) (****).

These slates, 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 filed with the stock exchange management company Borsa Italiana S.p.A. (www.borsaitaliana.it), according to the terms established by the law.

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^(*) Candidate who declared the possession of the independence requirements established by article 147 ter, paragraph 4 and article 148, paragraph 3, of the Italian Legislative Decree no. 58 of 24 February 1998 (Consolidated Financial Act) and by article 2 of the Italian Corporate Governance Code.

^(**) Candidate in possession of professional competences suitable for the office of Chief Executive Officer.

^(***) 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.

^(****) Candidate who declared also the possession of the independence requirements established by the article 2 of the Italian Corporate Governance Code.