PRESS RELEASE Terni, April 29, 2014 TERNIENERGIA: signed a strategic agreement with Khalid Al Hamed Group LLC for the development of renewable energy and environmental business in the Middle East and the Gulf Countries Planned the establishment of a company in sharing, headquartered in Abu Dhabi, active in the fields of power generation, waste to energy and waste management By 2014, scheduled the opening of the first sites and the construction of a plant for the treatment and recycle of end of life tires TerniEnergia and Al Hamed Group will work according to their skills to facilitate a rapid growth of the Newco named TerniEnergia Gulf LLC Terni, April 29, 2014 TerniEnergia, a company active in the renewable energy fields, energy efficiency and waste management, listed on Star Segment of Borsa Italiana, has signed in Abu Dhabi a joint venture agreement for the establishment of a NewCo with Khalid Al Hamed Group LLC Dubai, represented by the Chairman and CEO Sheikh Khalid Bin Ahmed Al Hamed. In particular, TerniEnergia has signed a binding and immediately operative agreement between the parties, that provides for the establishment of a company named TerniEnergia Gulf LLC, based in Abu Dhabi, which is 51% owned by Khalid Al Hamed Group LLC and 49% by TerniEnergia, which will operate in the Middle East and the Gulf Cooperation Council (GCC). The Chairman and CEO of TerniEnergia, Stefano Neri, stated: "We are extremely pleased of the choice made by Al Hamed Group in the direction of creating a strong partnership with our industrial group, which will bring in the Gulf countries and in the Middle East the know how and the experience gained at international level in the field of green economy. The signing of this agreement 1 www.ternienergia.com PRESS RELEASE Terni, April 29, 2014 establishes a further step in the internationalization process of TerniEnergia, after development in Europe and South Africa, with a perspective of rapid expansion in the Middle East and the GCC countries. We believe that this strategic alliance, which will quickly establish TerniEnergia Gulf LCC and within the current year the start of the first sites, may represent a milestone of great scope for the growth of the Group, thanks to the strong partnership with an international standing and great financial strength firm like Al Hamed Group ". The business model identified by TerniEnergia and Al Hamed Group is aimed at developing the engineering, design, construction and operation of facilities and plants for the production of energy from renewable sources, for energy recovery from waste and for the value chain of recovery of materials, particularly from end of life tires. In regard to the latter activity, is expected to start for a first site for the construction of an important initiative in the Gulf already by 2014. The strategic partnership between the two Groups, will see Khalid Al Hamed Group LLC engaged primarily in the management of relationships with government authorities in the area, in facilitating the authorization processes, in the acquisition of requirements and support in negotiations with financial partners and with the banking institutions to support the business development, and TerniEnergia with responsibility for management of the operational activities and the industrial sites. Through this management model, the parties aim to combine and enhance the know-how and technological expertise in the field of renewable energy and waste management of TerniEnergia with the financial capacity and business development skills of Al Hamed Group, allowing a TerniEnergia Gulf rapid growth process. This Press-Release is also available on the Company website www.ternienergia.com. TerniEnergia, a company incorporated in September of 2005 and part of Italeaf Group, operates in renewable energy sector and is active in the photovoltaic field. TerniEnergia operates as system integrator, with a turn-key offer of industrial sized photovoltaic plants, on behalf of third parties and on its own, for the Power Generation business, also through joint venture companies with leading national players. TerniEnergia operates in the waste management sector, recovery of the material and energy, development and production of technologies. In particular, the Company is active in the recovery of tires out of use, in the treatment of biodegradable waste through the implementation of biodigesters, management of plant for the biological depuration; decommissioning of industrial plants, recovery of demolition metals and cleaning of industrial sites; development and production of technological apparatus. TerniEnergia, through its controlled company Lucos Alternative Energies, operates in the development of energy efficient plantsboth through EPC scheme and FTT scheme (Financing Through Third Parties), pursuing the objectives of increasing energy production from renewable sources, of energy saving and reduction of emissions as set forth by environmental European policy. TerniEnergia is listed on STAR segment of Borsa Italiana S.p.A.. 2 www.ternienergia.com PRESS RELEASE Terni, April 29, 2014 Info: Investor Relations TerniEnergia SpA Paolo Allegretti (CFO) Tel. +39 0744 7581 [email protected] IR TOP Investor Relations Consulting Maria Antonietta Pireddu, Floriana Vitale Tel. +39 02 45473884/3 [email protected] Press Office TerniEnergia SpA Federico Zacaglioni Tel. +39 0744 7581 Mobile +39 340 5822368 [email protected] 3 www.ternienergia.com
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