A2A S.p.A. (BIT:A2A) commences share repurchases on May 14, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 29, 2021. As per the mandate, the company is authorized to repurchase its own shares such that it does not hold more than 10% of its issued share capital in treasury. The purchase price of each share must be no less and no more than 5% of the reference price recorded by the share during the stock market session of the day prior to each individual transaction. The repurchases will be made in the interest of the company and in respect of the principle of equal treatment of shareholders. Repurchases will be made in conformity to the provisions of Art. 132 of Italian Decree Law 58/1998 and subsequent modifications, of Art. 144-bis of the Rule approved with Consob Regulation 11971 of 14 May 1999 as subsequently modified (“Issuer Regulations”), and of all other applicable community and national rules. The authorization will be valid for 18 months. As of June 11, 2015, the company had 23,721,421 shares in treasury.