Terna — Capital/Financing Update 2023

Jul 26, 2023

TERNA: DECISION OF THE CEO ON THE 10-YEAR BOND ISSUE FOR € 650 MILLION AND RESOLUTION OF THE BOARD OF DIRECTORS HAVE BEEN PUBLISHED

Rome, 26 July 2023 – It is hereby notified that the following documents have been filed at the disposal of the public at the Company's registered office and published on the Company's website www.terna.it:

• (i) the decision of the Chief Executive Officer of Terna, Giuseppina Di Foggia, of 17 July 2023 which approved the issue of a 10-year fixed rate, single tranche, not subordinated and non-convertible bond addressed to institutional investors for a nominal amount of euro 650 million;
• (ii) the resolution of the Board of Directors of 22 March 2023 which authorized Terna's issuance, by 31 July 2024, of one or more bonds to be offered to qualified investors in Italy or abroad, to be issued in one or more solutions - both within the Company's "Euro Medium Term Note Programme" (the EMTN Programme") and outside of it in the form of private placements or through public placements, in any case for a maximum amount of euro 2 billion and 500 million each, all within the limits of the maximum amount of the EMTN Program.

The decision and the resolution are also published on the website of the authorised storage service () and they have also been filed with the stock exchange management company, Borsa Italiana S.p.A. (www.borsaitaliana.it).