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2015-04-10

a2a SpA : The Board of Directors has examined and approved the 2015-2019 Strategic Plan of the A2A Group

Important relaunch of investments 2.1 billion euros of investments in five
years (+40% compared to the previous five-year period)

Rebalancing and innovation in the industrial portfolio strong developments
planned for the environment, smart networks and new energy services
Significant growth of the EBITDA 1.35 billion euros of gross operating margin
in 2019 (+32%)
Further reduction of the debt Net Financial Debt amounting to around 2.5
billion euros in 2019, reduced by over 800 million euros compared to 2014.
Improvement of Net Financial Position/EBITDA ratio from 3.3x to 1.9x
Relaunch of the dividend policy the cash flow generation supports the increase
of dividends, expected to double at the end of plan

***

Milan, 10 April 2015
- At yesterday's meeting of the Board of Directors of A2A the Board examined
and in the late evening approved the 2015-2019 Strategic Plan of the A2A
Group. It is the first strategic plan prepared by the new governance of the
company, led by the Chairman Giovanni Valotti and the CEO Luca Valerio
Camerano, both appointed last June.

The main objective of the Plan is to relaunch and redesign A2A, initiating a
path of strategic repositioning that will deliver, in 2020, a more modern
multi-utility company and a leader in the environment, smart networks and new
energy models, which is more balanced, profitable, and capable of seizing the
opportunities that will open up in the Green Economy and Smart Cities.

The main development lines of the Plan can be attributed to three macro areas
of intervention, characterized by three different missions:

1 Restructuring and reduction of exposure in the thermoelectric sector;
2 Relaunch of the investments in the key areas of the environment, networks
and the free market of energy;
3 Redesign of the mission of A2A to seize the opportunities of the future.

Full text
http://hugin.info/148297/R/1910122/681121.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: a2a SpA via Globenewswire

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