Terna — Capital/Financing Update 2023

Apr 27, 2023

TERNA: DOCUMENT INCLUDING THE DECISION OF THE CEO ON THE 6-YEAR BOND ISSUE FOR € 750 MILLION AND THE RESOLUTION OF THE BOARD OF DIRECTORS HAS BEEN PUBLISHED

Rome, 27 April 2023 - It is hereby notified that the following document has been filed at the disposal of the public at Company's registered office and published on the Company's website www.terna.it, including:

• (i) the decision of the Terna's Chief Executive Officer, Stefano Donnarumma, of 14 April 2023 which approved the fixed rate, single tranche, 6-year bond issue for a total amount of € 750 million;
• (ii) the resolution of the Board of Directors of 11 May 2022 which authorized Terna's issuance, by 31 July 2023, of one or more bonds to be offered to qualified investors in Italy or abroad, to be issued in single or more tranches – both under the Company's "Euro Medium Term Note Programme" (the EMTN Programme) and outside of the same – in the form of private placements or through public placements, in any case for a maximum amount of € 1,5 billion for each issue, and within the maximum amount for subscription of the EMTN Programme.

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