PRESS RELEASE

Iren completes the acquisition of 7 real estate assets from REAM

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Reggio Emilia, 24 April 2020 - Today, Iren S.p.A. has signed a purchase agreement with REAM SGR S.p.A., in order to acquire a portfolio consisting of 7 real estate assets for tertiary use and support to the headquarters located in Turin, Genoa, Parma and Reggio Emilia of which Iren S.p.A. has benefited, to date, thanks to rental fees.

The overall value of the transaction is 97 million euros with a zero impact on net financial debt as already accounted for, in application of the international accounting standards adopted by the Group, in the 2019 financial statements.

The aim of the buyback of our historic homes, is to optimize the real estate portfolio which will allow, in the future, savings in rental fees.

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Barabino & Partners

Giulio Domma

Paolo Colombo

Tel.: +39 027 202 3535

Tel.: +39 052 124 8410

Tel.: +39 011 554 9175

Giovanni Vantaggi Tel.: +39 328

investor.relations@gruppoiren.it

Mob: +39 348 220 6005

831 7379

paolobartolomeo.colombo@gruppoiren.it

g.vantaggi@barabino.it

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IREN S.p.A. published this content on 24 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2020 14:54:03 UTC