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2015-10-07

Italeaf: Born of TerniEnergia Gas & Power SpA. Shareholders' Meeting of New Gas Trade approves change of name

PRESS RELEASE 7 OCTOBER 2015

ITALEAF: Born of TerniEnergia Gas&Power S.p.A.

* The Shareholders' Meeting of New Gas Trade approves the change of name and
a capital increase up to EUR 1 million
* Appointment of Statutory Auditors who will remain in office for the years
2015, 2016 and 2017

TerniEnergia
, smart energy company active in the fields of renewable energy, energy
efficiency, waste and energy management, listed on the Star segment of the
Italian Stock Exchange and part of Italeaf Group, TerniEnergia, smart energy
company active in the fields of renewable energy, energy efficiency, waste
and energy management, listed on the Star segment of the Italian Stock
Exchange and part of Italeaf Group, announces that the Shareholders' Meeting
of New Gas Trade, met in extraordinary and ordinary session with the
chairmanship of Sergio Agosta.
Extraordinary session

The Extraordinary General Shareholders' Meeting approved the company's
transformation from Srl in S.p.A. and the change of name in TerniEnergia
Gas&Power SpA, with the resulting changes to art. 1 of the Bylaws. The change
of the company's name is part of the broader project of reorganization of the
Group aimed at:
- Attend all stages of the value chain for electricity and gas in Italy, by
integrating supply, trading and marketing of natural gas and LNG with the
generation and management of electricity;
- Maximize opportunities for development of the gas sector, both in Italy and
internationally, recorded in the first half of a positive trend in terms of
volumes and margins, are expected to grow even more interesting in relation
to the sector of electric energy;
- More differentiation between the role of the Company to the institutions,
the market, the financial community and industrial customers.
The Company will inform the market of the registration of the above resolution
to the Registry of Companies of Milan. The Extraordinary General Meeting also
resolved to increase the share capital against payment, divisible, from Euro
0.1 million up to a maximum of Euro 1 million. The capital increase has
already been subscribed for Euro 0.5 million.
Ordinary session

The Shareholders' meeting, in the ordinary session, approved the appointment
of three members of the Board of statutory auditors and two deputy members,
who will remain in office for the years 2015, 2016 and 2017. They are:
Roberto Raminelli, who was appointed Chairman of the Board, Caterina Brescia
and Vittorio Pellegrini, appointed auditors. Marco Chieruzzi and Marco
Rosatelli were appointed deputy auditors.

TerniEnergia,

a company incorporated in September of 2005 and part of Italeaf Group, is the
first Italian smart energy company and operates in renewable energy, energy
efficiency, energy and waste management. 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.
Through Free Energia, the Group is active in the energy management, energy
sales to energy intensive customers, software and services for energy
management, administrative, financial and credit management. Through New Gas
Trade, the Group i salso active on the natural gas and liquefied natural gas
(LNG) market, offering a range of services and activities in order to develop
Client's business and achieve a competitive advantage providing the best
market conditions and creating a high added value. TerniEnergia operates in
the development of energy efficient plants both 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..

This press release is also available on the Companies' website:
www.italeaf.comand
www.ternienergia.com.

Certified Adviser

Mangold Fondkommission AB is the Certified Adviser of Italeaf on NASDAQ OMX
First North.

For further information please contact:
Filippo Calisti
CFO - Italeaf S.p.A.
E-mail:calisti@italeaf.com

Mangold Fondkommission AB
Tel. +46 (0)8 5030 1550
info@mangold.se

Italeaf SpA

, established in December 2010, is a holding company and a business
accelerator for companies and startups in the areas of innovation and
cleantech. Italeaf operates as a company builder, promoting the creation and
development of industrial startups in the fields of cleantech, smart energy
and technological innovation. Italeaf has headquarters and plants in Italy at
Nera Montoro (Narni), Terni, Milano and Lecce; has international offices in
London and Hong Kong and a research and development centre in the Hong Kong
Science and Technology Park. The company controls TerniEnergia, a smart
energy company listed on the STAR segment of the Italian Stock Exchange and
active in the fields of renewable energy, energy efficiency and waste and
energy management, Greenled Industry, working in the development and
production of power LED lamps for industrial energy efficiency and public
lighting, WiSave in the "internet of things" field, for the development and
production of thermostats and smart technologies for the remote control of
electrical and heating items of buildings managed through a cloud
infrastructure, and Skyrobotic, in the business development and manufacture
of civil and commercial drones in mini and micro classes for the professional
market.

PRESS RELEASE
http://hugin.info/162089/R/1957286/713085.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: Italeaf S.p.A. via Globenewswire

HUG#1957286

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