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2016-12-30

ITALEAF: Shareholders' Meeting of TerniEnergia approved the capital increase to grow in digital energy

PRESS RELEASE 30 DECEMBER 2016

ITALEAF: the Shareholders' Meeting of TerniEnergia approved the capital
increase to grow in the digital energy

The Shareholders' Meeting of 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, met today in extraordinary
session under the chairmanship of Mr. Stefano Neri.

The extraordinary Shareholders' Meeting approved a capital increase, in one or
more tranches, by paid subscription, in divisible form, with the exclusion of
option rights pursuant to art. 2441, paragraph 4, second part, of the Italian
Civil Code, for a maximum of up to 3,000,000 shares, corresponding to 6.80%
of the current share capital, reserved to industrial investors and to Italian
and foreign institutional investors, excluding the United States, Canada ,
Japan, Australia. The offer period will start from a date to be fixed by the
Board of Directors at the end of pre-marketing activity, but not earlier than
January 15, 2017, and ending at the latest on 10 April 2017.
The Shareholders Meeting has confirmed the criterion for determining the value
of the newly issued shares as resolved by the Board and communicated to the
market on November 28, 2016.
The transaction fits into the growth path that TerniEnergia followed
uninterruptedly since it was established, also as a result of the recent
acquisition of the companies Softeco Sismat and Selesoft Consulting and the
presentation of the industrial plan "Plug in the smart energy company", and
is therefore aimed at:

* put the companies in the best capital and financial conditions for
increasing and consolidating its position in the Smart and Micro Grids
emerging market, combining its track record in the installation of plants
for the production of renewable energy with digital business;
* integrate into its strategic business, the activities required to implement
the digital transformation strategy, with particular reference to the
development of solutions for the management of electrical grids (both
transmission both distribution) and of "smart" and "connected" systems,
adhering to the model of the Internet of Things (IoT);
* increasing the visibility of the share on the capital market, allowing the
entry of qualified and supportive investors or industrial partners, also in
order to improve and consolidate the company's strategy of innovation and
internationalization to meet the new demands of the energy global market;
* promptly seize the best conditions offered by the market, especially in
view of the current phase of high volatility of financial markets,
eliminating, therefore, through a private placement exclusively reserved to
qualified investors or industrial partners, the long time typically
associated to the exercise of the option rights reserved to shareholders.

The Meeting also resolved that, if the capital increase will be not entirely
subscribed by the deadline of April 10, 2017, the same capital shall be
deemed increased by an amount equal to the subscriptions.

To the Board of Directors and its Chairman, Stefano Neri, are delegated,
within the limits established by the Shareholders' Meeting about the issue
price, the number of shares and the offer period, as above mentioned, all the
powers for the execution of the share capital increase on time and in
accordance with the market requirements.
TerniEnergia is assisted in the placement of new shares by EnVent Capital
Markets Ltd as Global Coordinator, with no assumption by the latter of its
warranty obligations.

TERNIENERGIA (BIT: TER)

, established in September 2005, and part of Italeaf Group, is the first
Italian smart energy company, committed to bring worldwide integrated and
sustainable energy solutions. Organized into four business lines (Technical
services, Energy management, Energy efficiency and Cleantech), with about 500
employees and a geographic presence in almost the continents, with
operational and sales offices, TerniEnergia develops solutions, innovative
products and services based on digital and industrial technologies for the
energy sector.
TerniEnergia, also through its subsidiaries, shall pursue the objectives of
increasing energy production from renewable sources, energy efficiency and
emissions reduction, as laid down by European environmental policy, and
participates actively in the distributed power generation revolution and
energy smart grids.
TerniEnergia is the ideal partner for large utilities, distributors and grid
operators, power producers, public authorities, industrial customers and
investors who intends to carry out large projects for the production of
renewable energy plants and modern systems with high energy efficiency,
solutions for the management and maintenance of the infrastructure and the
electrical systems. TerniEnergia, through a complete technological and
commercial offer, develops and provides technologies, turn-key services and
solutions for energy consumers in the public and private sectors. The company
is listed on the STAR segment of the Italian Stock Exchange.

This press release is also available on the Companies' websites:
www.italeaf.com and 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, listed on the STAR segment of the Italian
Stock Exchange and active in the fields of renewable energy, energy
efficiency and waste management, 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, Numanova, operating in the field of innovative
metallurgy and additive manufacturing and Italeaf RE, a real estate company.

PRESS RELEASE
http://hugin.info/162089/R/2068226/776649.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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

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