ENEL: BOARD OF DIRECTORS APPROVES INTERIM DIVIDEND FOR 2008 OF 0.20 EUROS PER SHARE, PAYABLE AS FROM 27 NOVEMBER

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1 ENEL: BOARD OF DIRECTORS APPROVES INTERIM DIVIDEND FOR 2008 OF 0.20 EUROS PER SHARE, PAYABLE AS FROM 27 NOVEMBER Rome, 11 September 2008 The Board of Directors of Enel SpA, chaired by Piero Gnudi, today approved the accounts at 30 June 2008 and related report showing that the performance and financial position of the Company and the Group allow the distribution of an interim dividend for 2008 of 0.20 euros per share. The consolidated results for the same period, which were contained in the half-year financial report at 30 June 2008, were already approved by the Board of Directors and published on 1 August Specifically, Group net income for the first half of 2008 amounted to 2,851 million euros (+43.8% compared with the first half of 2007). FINANCIAL HIGHLIGHTS OF THE PARENT COMPANY As an industrial holding company, the Parent Company Enel SpA defines strategic targets for the Group and coordinates activities of subsidiaries. In addition, Enel SpA manages central treasury operations and insurance risk coverage, providing assistance and guidelines on organization, personnel management and labour relations, accounting, administrative, fiscal, legal, and corporate matters. Enel SpA also currently holds a long-term contract with Atel for the import of electricity on the Swiss border, whereas a similar contract with EdF on the French border expired on 31 December The power imported under the contract with Atel is sold to the Single Buyer at a price established with a decree of the Minister for Economic Development (and adjusted by the Authority for Electricity and Gas on a quarterly basis) and is used to supply the enhanced protection market (formerly the regulated market). Financial highlights of the Parent Company (millions of euros): 1st half 1st half Change Revenues % EBIT (21) (78) +73.1% Net financial expense and income from equity investments 3,056 3, % Net income for the period 3,033 3, % Net financial debt 6,072* 6,296** -3.6% * At 30 June 2008 **At 31 December 2007 This press release uses an alternative performance indicator not envisaged in the IFRS-EU accounting standards (Net financial debt). In accordance with recommendation CESR/05-178b published on 3 November 2005, the criteria used to calculate this indicator are described at the end of the release. Enel SpA Registered Office Roma, Viale Regina Margherita 137 Companies Register of Roma and Tax I.D R.E.A. of Roma VAT Code Stock Capital Euro 6,184,367,853 (at december 31, 2007) fully paid-in 1/7

2 Revenues in the first half of 2008 came to 338 million euros, down 128 million euros or 27.5% from the same period of the previous year. This decrease is related primarily to the reduction in revenues from electricity sales due to the interruption of sales on the free market in France as a result of the expiry of the above mentioned long-term contract with EdF. EBIT for the first half of 2008 came to a negative 21 million euros, reporting an improvement of 57 million euros (+73.1%) on the corresponding year-earlier period, which was mainly attributable to the improvement in the margin on electricity sales (31 million euros) and to the capital gain resulting from the sale to E.On of the stake in Enel Viesgo Servicios (3 million euros). Net financial expense and income from equity investments came to 3,056 million euros in the first half of 2008 (3,972 million euros in the first half of 2007). The figure reflects dividends distributed by subsidiaries, associates and other equity investments in the amount of 3,181 million euros (3,886 million euros in the first half of 2007, which also included profits related to previous years) and net financial expense of 125 million euros (net financial income of 86 million euros in the first half of 2007). The increase of 211 million euros in net financial expense was a consequence of the increase in the average debt during the second half of 2007 as a result of acquisitions abroad. Net income for the period amounted to 3,033 million euros, compared with 3,910 million euros in the first half of Net financial debt at 30 June 2008 totalled 6,072 million euros, a decrease of 224 million euros compared with 31 December Shareholders equity at 30 June 2008 came to 16,959 million euros (15,711 million euros at 31 December 2007). The change is essentially attributable to net income for the period net of dividends distributed in the first half of 2008 in the amount of 1,794 million euros. The debt/equity ratio lowered from 0.40 at 31 December 2007 to 0.36 at 30 June INTERIM DIVIDEND FOR 2008 APPROVED In view of the net income of 3,033 million euros achieved by the Parent Company in the first half of 2008 and in the light of the performance expected for the remainder of the year, the Board of Directors approved the recommendation of the CEO to distribute an interim dividend of 0.20 euros per share. The opinion of the external auditor KPMG SpA provided for by Article 2433-bis of the Italian Civil Code was issued today. The interim dividend, gross of any withholding tax, will be paid as from 27 November 2008, with the ex-dividend date for coupon no. 12 falling on 24 November /7

3 The income statement, balance sheet and cash flow statement of the Parent Company Enel SpA follow. A descriptive summary of the alternative performance indicators is also attached. Pursuant to Article 154-bis, paragraph 2, of the Unified Financial Act, the executive in charge of preparing the corporate accounting documents at Enel, Luigi Ferraris, declares that the accounting information contained in this press release corresponds to document results, books and accounting records. ALTERNATIVE PERFORMANCE INDICATORS The following section describes the alternative performance indicator, not envisaged under the IFRS-EU accounting standards, which is used in this press release in order to facilitate the assessment of Enel SpA s financial position. Net financial debt: an indicator of Enel s financial structure, calculated as the sum of Long-term loans, the current portion of long-term loans, Short-term loans, net of current and non-current financial assets (excluding all items other than loans/financial receivables due from third parties and from subsidiaries) and Cash and cash equivalents. ***** 3/7

4 Enel S.p.A. Income Statement Millions of euros Revenues 1 st Half Revenues from sales and services Other revenues (Subtotal) Income from disposal of equity investments 3 0 Costs Electricity purchases and consumables Services, leases and rentals Personnel Depreciation, amortization and impairment losses 3 8 Other operating expenses (Subtotal) Operating income (21) (78) Income from equity investments 3,181 3,181 3,886 3,886 Financial income 1,593 1, Financial expense 1, (Subtotal) 3,056 3,972 Income before taxes 3,035 3,894 Income taxes 2 (16) NET INCOME FOR THE PERIOD 3,033 3,910 4/7

5 Enel S.p.A. Balance Sheet Millions of euros ASSETS at 30 June 2008 at 31 Dec Non-current assets Property, plant and equipment 7 8 Intangible assets Deferred tax assets Equity investments 22,659 21,659 Non-current financial assets (1) Other non-current assets (Total) 23,592 22,641 Current assets Trade receivables Income tax receivables Current financial assets (2) 39,076 38,946 36,726 35,565 Cash and cash equivalents Other current assets (Total) 40,687 38,128 TOTAL ASSETS 64,279 60,769 (1) (2) Of which long-term financial receivables of 469 million euros at 30 June 2008 and 482 million euros at 31 December Of which short-term financial receivables of 37,751 million euros at 30 June 2008 and 35,446 million euros at 31 December /7

6 Millions of euros LIABILITIES AND SHAREHOLDERS EQUITY at 30 June 2008 at 31 Dec Shareholders equity Share capital 6,186 6,184 Other reserves 4,744 4,736 Retained earnings (losses carried forward) 2,996 2,140 Net income for the period (1) 3,033 2,651 TOTAL SHAREHOLDERS EQUITY (Total) 16,959 15,711 Non-current liabilities Long-term loans 38,251 11,031 26, Post-employment and other employee benefits Provisions for risks and charges Deferred tax liabilities Non-current financial liabilities (Subtotal) 39,076 27,148 Current liabilities Short-term loans 5,002 4,390 14,714 13,705 Current portion of long-term loans 1, , Trade payables Income tax payables 17 0 Current financial liabilities Other current liabilities (Subtotal) 8,244 17,910 TOTAL LIABILITIES (Total) 47,320 45,058 TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 64,279 60,769 (1) Net income is reported net of the interim dividend equal to 1,237 million euros for /7

7 Enel S.p.A. Statement of Cash Flows Millions of euros 1 st Half Net Income for the period 3,033 3,910 Adjustments for: Depreciation and amortization of property, plant and equipment and intangible assets 3 8 Exchange rate gains and losses (114) 0 Provisions Dividends from subsidiaries, associates and other companies (3,181) (3,181) (3,886) (3,886) Financial (income)/expense 231 (715) (90) (161) Income taxes 2 (16) (Gains)/losses and other non-monetary items (3) 0 Cash flow from operating activities before changes in net current assets (13) (53) Increase/(decrease) in provisions (22) (35) (Increase)/decrease in trade receivables (9) (6) (19) (21) (Increase)/decrease in financial and non-financial assets/liabilities Increase/(decrease) in trade payables (90) (4) (98) (63) Interest income and other financial income collected Interest expense and other financial expense paid (1,105) (372) (226) (13) Dividends from subsidiaries, associates and other companies 3,181 3,181 3,886 3,886 Income taxes paid (consolidated taxation mechanism) 0 (557) Cash flows from operating activities (a) 2,834 3,973 Investments in property, plant and equipment and intangible assets (1) (3) Disposals of property, plant and equipment and intangible assets Equity investments (831) (832) (3,041) (3,002) Disposals of equity investments 3 0 Cash flows from investing/disinvesting activities (b) (825) (3,044) Long-term financial debt (new borrowing) 11,960 8,030 Long-term financial debt (repayments) (27) (46) Net change in long-term financial payables/(receivables) (46) 10, Net change in short-term financial payables/(receivables) (12,020) (12,645) (8,150) (9,382) Dividends paid (1,794) (1,793) Increase in share capital and reserves due to the exercise of stock options 8 40 Cash flows from financing activities (c) (1,919) (966) Increase/(decrease) in cash and cash equivalents (a+b+c) 90 (37) Cash and cash equivalents at beginning of the period Cash and cash equivalents at the end of the period /7

8 ALLEGATO 6 /ANNEX 6 SCHEMA DI COMUNICAZIONE AI SENSI DELL ARTICOLO 152-octies, comma 7 FILING MODEL FOR DISCLOSURE OF TRANSACTIONS REFERRED TO ARTICLE 152-octies, paragraph 7 1. PERSONA RILEVANTE DICHIARANTE / DECLARER 1.1 DATI ANAGRAFICI / PERSONAL DATA PERSONA FISICA / NATURAL PERSON COGNOME / FAMILY NAME Luciano NOME / FIRST NAME Alessandro 1.2 NATURA DEL RAPPORTO CON L'EMITTENTE QUOTATO / NATURE OF RELATIONSHIP WITH THE LISTED COMPANY C.1) SOGGETTO CHE SVOLGE FUNZIONI DI AMMINISTRAZIONE, DI CONTROLLO O DI DIREZIONE IN UN EMITTENTE QUOTATO / MEMBER OF THE ADMINISTRATIVE, MANAGEMENT OR SUPERVISORY BODIES OF THE ISSUER 2. EMITTENTE QUOTATO / LISTED COMPANY RAGIONE SOCIALE / CORPORATE NAME ENEL PERSONA RILEVANTE / RELEVANT PERSON 3. SOGGETTO CHE HA EFFETTUATO LE OPERAZIONI / PARTY WHICH EXECUTED THE TRANSACTION 3.1 NATURA DEL SOGETTO CHE HA EFFETTUATO LE OPERAZIONI / REASON FOR RESPONSABILITY TO NOTIFY 3.2 DATI ANAGRAFICI / PERSONAL DATA 1 PERSONA FISICA / NATURAL PERSON COGNOME / FAMILY NAME Luciano NOME / FIRST NAME Alessandro 4. OPERAZIONI / TRANSACTION SEZIONE A): RELATIVA ALLE AZIONI E STRUMENTI FINANZIARI EQUIVALENTI E ALLE OBBLIGAZIONI CONVERTIBILI COLLEGATE SECTION A): RELATED TO SHARES AND EQUIVALENT FINANCIAL INSTRUMENT AND ASSOCIATED CONVERTIBLE BOND DATA / DATE OPERAZ. / CODICE ISIN / ISIN CODE 3 DENOMINAZIONE TITOLO / NAME OF SECURITY STRUM. FINANZIARIO / QUANTITÀ / QUANTITY PREZZO (in ) / PRICE (in ) 5 CONTROVAL. (in ) / VALUE (in ) MODALITÀ DELL'OPERAZ. / NOTE / NOTES TRANSACTI ON 2 FINANCIAL INSTRUMENT 4 DESCRIPTION OF TRANSACTION 6 06/10/2008 A IT ENEL AZO 1, ,685 MERC-IT TOTALE CONTROVALORE SEZIONE A (in ) / TOTAL AMMOUNT SECTION A (in ) 5,685

9 DATA / DATE OPER. / TYPE OF TRANSA CTION 7 SEZIONE B): RELATIVA AGLI ALTRI STRUMENTI FINANZIARI COLLEGATI ALLE AZIONI DI CUI ALL ART. 152-sexies, comma 1, lett. b1, b3 SECTION B): RELATED TO FINANCIAL INSTRUMENTS ASSOCIATED TO SHARE REFERRED TO IN ART. 152-sexies, paragraph 1, letters b1, b3 STRUM. FINANZIARIO COLLEGATO / ASSOCIATED FINANCIAL INSTRUMENT 8 FACOLTA' / RIGHT 9 STRUM. FINANZIARIO COLLEGATO / ASSOCIATED FINANCIAL INSTRUMENT CODICE ISIN / DENOMINAZIONE / ISIN CODE 10 NAME 11 AZIONE SOTTOSTANTE / UNDERLYING SECURITY CODICE ISIN / ISIN CODE DENOMINAZIONE / NAME 12 INVESTIMENTO/DISINVESTIMENTO EFFETTIVO / ACTUAL INVESTMENT/DISINVESTMENT QUANTITÀ / QUANTITY PREZZO (in ) / PRICE (in ) 5 CONTROVALORE (in ) / VALUE (in ) INVESTIMENTO/DISINV. POTENZIALE (NOZIONALE) / POTENTIAL (NOTIONAL) INVESTMENT /DISINVESTMENT QUANTITÀ DEL SOTTOSTANTE / QUANTITY OF UNDERLYING PREZZO D ES. O REGOLAMENTO / STRIKE OR SETTLEMENT PRICE (in ) CONTROVALORE (in ) / VALUE (in ) TOTALE CONTROVALORE POTENZIALE SEZIONE B (in ) / TOTAL POTENTIAL AMMOUNT SECTION B (in ) 0 TOTALE CONTROVALORE SEZIONE A + SEZIONE B (in ) / TOTAL AMMOUNT SECTION A + SECTION B (in ) 5,685 DATA SCADENZA / MATURITY NOTE / NOTES 1. Questa sezione relativa ai dati anagrafici del soggetto non va compilata nel caso in cui il soggetto coincida con il dichiarante della sezione 1.1 / Not to fill if the person wich executed the transaction is the same as section Indicare la tipologia di operazione, effettuata anche mediante l esercizio di strumenti finanziari collegati / Indicate the type of transaction, even if executed through the exercise of associated financial instruments: - A = acquisto / purchase - V = vendita / sale - S = sottoscrizione / subscription - X = scambio / excange 3. Il codice ISIN deve essere sempre indicato qualora lo strumento finanziario ne abbia ricevuto l assegnazione da un agenzia di codifica internazionale (es. UIC per l Italia) / ISIN code must be indicated whenever the financial istrument received that code from an appointed international agency (e.g. UIC for Italy) 4. Indicare lo strumento finanziario oggetto dell operazione / Indicate the financial instrument involved in the transaction: - AZO = azioni ordinarie / ordinary shares - AZP = azioni privilegiate / preference shares - AZR = azioni di risparmio / saving shares - QFC = quote di fondi chiusi quotati / units of closed-end funds - EQV = altri strumenti finanziari, equivalenti alle azioni, rappresentanti tali azioni / other financial instruments, equivalent, or representative of shares - OBCV = Obbligazioni convertibili o altri strumenti finanziari scambiabili con azioni / convertible bonds or other debt financial instruments convertible into shares or exchangeable for shares - - = azione non quotata / - = non listed share 5. Nel caso in cui nel corso della giornata per un dato titolo sia stata effettuata più di una operazione dello stesso tipo (vedi nota 2) e con la stessa modalità (vedi nota 6) indicare il prezzo medio ponderato delle suddette operazioni. Nel caso di obbligazioni convertibili deve essere indicato in centesimi (es. per un obbligazione quotata sotto alla pari ad un prezzo di 99 indicare 0.99, mentre se quotata sopra alla pari ad un prezzo di 101 indicare 1.01 / In case of multiple transactions on securities of the same type (see note 2) and with the same modality (see note 6), indicate the weighted average price of the aforementioned transactions. In case of convertible bonds use prices in hundredths (e.g. for a bond negotiated below par value at a price of 99 indicate 0.99, whereas for a bond negotiated above the par value at a price of 101 indicate 1.01). 6. Indicare l origine dell operazione / Indicate the origin of the transaction: - MERC-IT = transazione sul mercato regolamentato italiano / transaction over italian regulated market - MERC-ES = transazione sul mercato regolamentato estero / transaction over foreign regulated market - FMERC = transazione fuori mercato o ai blocchi / off-amarket transaction or block - CONV = conversione di obbligazioni convertibili o scambio di strumenti finanziari di debito con azioni azioni / conversion of convertible bonds or swap of debt-securities into shares - ESE-SO = Esercizio di stock option/stock grant; in caso di vendita di azioni rivenienti dall esercizio di stock option, nella medesima riga ove è indicata la vendita, indicare in corrispondenza della colonna note il relativo prezzo di esercizio; la presente indicazione è pertanto da utilizzare in caso di vendita / disposal of shares following the exercise of stock options/stock grant. Please specify in the marginal note, for any disposal, the stock options' strike price - ESE-DE = esercizio di strumento derivato o regolamento di altri contratti derivati (future, swap) / exercise of derivatives or settlement of other derivatives (future, swap) - ESE-DI = esercizio di diritti (warrant/covered warrant/securitised derivatives/diritti) / exercise of rights (warrant/covered warrant/securitised derivatives/rights) 7. Indicare la tipologia di operazione / Indicate the type of transaction: - A = acquisto / purchase - V = vendita / sale - S = sottoscrizione / subscription - AL = Altro (dettagliare in nota) / Other (to be specified in the notes) 8. Indicare la tipologia di strumento finanziario / Indicate the type of financial instrument: - W = warrant / warrant - OBW = obbligazione cum warrant / bond cum warrant - SD = securitised derivative / securitised derivative - OPZ = opzione / option - FUT = future / future contracts - FW = forward (contratti a termine) / forward contracts - OS = obbligazione strutturata / structured bond - SW = swap / swap - DIR = diritti / rights 9. Indicare la categoria di strumento finanziario derivato (solo per le opzioni) / Indicate the category of derivative (only for options): - CE = call European style - PE = put European style - CA = call American style - PA = put American style - AL = altro (dettagliare in nota) / other (to be specified in the notes) 10. Da non indicare solo per contratti derivati (su strumenti finanziari) non standard oppure qualora lo strumento non abbia ricevuto l assegnazione da un agenzia di codifica internazionale (es. UIC per l Italia) / Not to be indicated for non-standard derivatives or whenever the financial instrument did not receive that code from an appointed international agency (e.g. UIC for Italy). 11. Indicare lo strumento finanziario collegato alle azioni / Indicate the associated financial instrument 12. Indicare lo strumento finanziario sottostante (azione) / Indicate the underlying financial instrument (share)

10 ALLEGATO 6 /ANNEX 6 SCHEMA DI COMUNICAZIONE AI SENSI DELL ARTICOLO 152-octies, comma 7 FILING MODEL FOR DISCLOSURE OF TRANSACTIONS REFERRED TO ARTICLE 152-octies, paragraph 7 1. PERSONA RILEVANTE DICHIARANTE / DECLARER 1.1 DATI ANAGRAFICI / PERSONAL DATA PERSONA FISICA / NATURAL PERSON COGNOME / FAMILY NAME Conti NOME / FIRST NAME Fulvio 1.2 NATURA DEL RAPPORTO CON L'EMITTENTE QUOTATO / NATURE OF RELATIONSHIP WITH THE LISTED COMPANY C.1) SOGGETTO CHE SVOLGE FUNZIONI DI AMMINISTRAZIONE, DI CONTROLLO O DI DIREZIONE IN UN EMITTENTE QUOTATO / MEMBER OF THE ADMINISTRATIVE, MANAGEMENT OR SUPERVISORY BODIES OF THE ISSUER 2. EMITTENTE QUOTATO / LISTED COMPANY RAGIONE SOCIALE / CORPORATE NAME ENEL PERSONA RILEVANTE / RELEVANT PERSON 3. SOGGETTO CHE HA EFFETTUATO LE OPERAZIONI / PARTY WHICH EXECUTED THE TRANSACTION 3.1 NATURA DEL SOGETTO CHE HA EFFETTUATO LE OPERAZIONI / REASON FOR RESPONSABILITY TO NOTIFY 3.2 DATI ANAGRAFICI / PERSONAL DATA 1 PERSONA FISICA / NATURAL PERSON COGNOME / FAMILY NAME Conti NOME / FIRST NAME Fulvio DATA / DATE 4. OPERAZIONI / TRANSACTION SEZIONE A): RELATIVA ALLE AZIONI E STRUMENTI FINANZIARI EQUIVALENTI E ALLE OBBLIGAZIONI CONVERTIBILI COLLEGATE SECTION A): RELATED TO SHARES AND EQUIVALENT FINANCIAL INSTRUMENT AND ASSOCIATED CONVERTIBLE BOND OPERAZ. / TRANSACTI ON 2 CODICE ISIN / ISIN CODE 3 DENOMINAZIONE TITOLO / NAME OF SECURITY STRUM. QUANTITÀ / FINANZIARIO / QUANTITY FINANCIAL INSTRUMENT 4 PREZZO (in ) / CONTROVAL. (in ) PRICE (in ) 5 / VALUE (in ) 07/10/2008 A IT ENEL AZO 16, ,600 MERC-IT 07/10/2008 A IT ENEL AZO ,149 MERC-IT TOTALE CONTROVALORE SEZIONE A (in ) / TOTAL AMMOUNT SECTION A (in ) 97,749 MODALITÀ NOTE / DELL'OPERAZ. / NOTES DESCRIPTION OF TRANSACTION 6

11 DATA / DATE OPER. / TYPE OF TRANSA CTION 7 SEZIONE B): RELATIVA AGLI ALTRI STRUMENTI FINANZIARI COLLEGATI ALLE AZIONI DI CUI ALL ART. 152-sexies, comma 1, lett. b1, b3 SECTION B): RELATED TO FINANCIAL INSTRUMENTS ASSOCIATED TO SHARE REFERRED TO IN ART. 152-sexies, paragraph 1, letters b1, b3 STRUM. FINANZIARIO COLLEGATO / ASSOCIATED FINANCIAL INSTRUMENT 8 FACOLTA' / RIGHT 9 STRUM. FINANZIARIO COLLEGATO / ASSOCIATED FINANCIAL INSTRUMENT CODICE ISIN / DENOMINAZIONE / ISIN CODE 10 NAME 11 AZIONE SOTTOSTANTE / UNDERLYING SECURITY CODICE ISIN / ISIN CODE DENOMINAZIONE / NAME 12 INVESTIMENTO/DISINVESTIMENTO EFFETTIVO / ACTUAL INVESTMENT/DISINVESTMENT QUANTITÀ / QUANTITY PREZZO (in ) / PRICE (in ) 5 CONTROVALORE (in ) / VALUE (in ) INVESTIMENTO/DISINV. POTENZIALE (NOZIONALE) / POTENTIAL (NOTIONAL) INVESTMENT /DISINVESTMENT QUANTITÀ DEL SOTTOSTANTE / QUANTITY OF UNDERLYING PREZZO D ES. O REGOLAMENTO / STRIKE OR SETTLEMENT PRICE (in ) CONTROVALORE (in ) / VALUE (in ) TOTALE CONTROVALORE POTENZIALE SEZIONE B (in ) / TOTAL POTENTIAL AMMOUNT SECTION B (in ) 0 TOTALE CONTROVALORE SEZIONE A + SEZIONE B (in ) / TOTAL AMMOUNT SECTION A + SECTION B (in ) 97,749 DATA SCADENZA / MATURITY NOTE / NOTES 1. Questa sezione relativa ai dati anagrafici del soggetto non va compilata nel caso in cui il soggetto coincida con il dichiarante della sezione 1.1 / Not to fill if the person wich executed the transaction is the same as section Indicare la tipologia di operazione, effettuata anche mediante l esercizio di strumenti finanziari collegati / Indicate the type of transaction, even if executed through the exercise of associated financial instruments: - A = acquisto / purchase - V = vendita / sale - S = sottoscrizione / subscription - X = scambio / excange 3. Il codice ISIN deve essere sempre indicato qualora lo strumento finanziario ne abbia ricevuto l assegnazione da un agenzia di codifica internazionale (es. UIC per l Italia) / ISIN code must be indicated whenever the financial istrument received that code from an appointed international agency (e.g. UIC for Italy) 4. Indicare lo strumento finanziario oggetto dell operazione / Indicate the financial instrument involved in the transaction: - AZO = azioni ordinarie / ordinary shares - AZP = azioni privilegiate / preference shares - AZR = azioni di risparmio / saving shares - QFC = quote di fondi chiusi quotati / units of closed-end funds - EQV = altri strumenti finanziari, equivalenti alle azioni, rappresentanti tali azioni / other financial instruments, equivalent, or representative of shares - OBCV = Obbligazioni convertibili o altri strumenti finanziari scambiabili con azioni / convertible bonds or other debt financial instruments convertible into shares or exchangeable for shares - - = azione non quotata / - = non listed share 5. Nel caso in cui nel corso della giornata per un dato titolo sia stata effettuata più di una operazione dello stesso tipo (vedi nota 2) e con la stessa modalità (vedi nota 6) indicare il prezzo medio ponderato delle suddette operazioni. Nel caso di obbligazioni convertibili deve essere indicato in centesimi (es. per un obbligazione quotata sotto alla pari ad un prezzo di 99 indicare 0.99, mentre se quotata sopra alla pari ad un prezzo di 101 indicare 1.01 / In case of multiple transactions on securities of the same type (see note 2) and with the same modality (see note 6), indicate the weighted average price of the aforementioned transactions. In case of convertible bonds use prices in hundredths (e.g. for a bond negotiated below par value at a price of 99 indicate 0.99, whereas for a bond negotiated above the par value at a price of 101 indicate 1.01). 6. Indicare l origine dell operazione / Indicate the origin of the transaction: - MERC-IT = transazione sul mercato regolamentato italiano / transaction over italian regulated market - MERC-ES = transazione sul mercato regolamentato estero / transaction over foreign regulated market - FMERC = transazione fuori mercato o ai blocchi / off-amarket transaction or block - CONV = conversione di obbligazioni convertibili o scambio di strumenti finanziari di debito con azioni azioni / conversion of convertible bonds or swap of debt-securities into shares - ESE-SO = Esercizio di stock option/stock grant; in caso di vendita di azioni rivenienti dall esercizio di stock option, nella medesima riga ove è indicata la vendita, indicare in corrispondenza della colonna note il relativo prezzo di esercizio; la presente indicazione è pertanto da utilizzare in caso di vendita / disposal of shares following the exercise of stock options/stock grant. Please specify in the marginal note, for any disposal, the stock options' strike price - ESE-DE = esercizio di strumento derivato o regolamento di altri contratti derivati (future, swap) / exercise of derivatives or settlement of other derivatives (future, swap) - ESE-DI = esercizio di diritti (warrant/covered warrant/securitised derivatives/diritti) / exercise of rights (warrant/covered warrant/securitised derivatives/rights) 7. Indicare la tipologia di operazione / Indicate the type of transaction: - A = acquisto / purchase - V = vendita / sale - S = sottoscrizione / subscription - AL = Altro (dettagliare in nota) / Other (to be specified in the notes) 8. Indicare la tipologia di strumento finanziario / Indicate the type of financial instrument: - W = warrant / warrant - OBW = obbligazione cum warrant / bond cum warrant - SD = securitised derivative / securitised derivative - OPZ = opzione / option - FUT = future / future contracts - FW = forward (contratti a termine) / forward contracts - OS = obbligazione strutturata / structured bond - SW = swap / swap - DIR = diritti / rights 9. Indicare la categoria di strumento finanziario derivato (solo per le opzioni) / Indicate the category of derivative (only for options): - CE = call European style - PE = put European style - CA = call American style - PA = put American style - AL = altro (dettagliare in nota) / other (to be specified in the notes) 10. Da non indicare solo per contratti derivati (su strumenti finanziari) non standard oppure qualora lo strumento non abbia ricevuto l assegnazione da un agenzia di codifica internazionale (es. UIC per l Italia) / Not to be indicated for non-standard derivatives or whenever the financial instrument did not receive that code from an appointed international agency (e.g. UIC for Italy). 11. Indicare lo strumento finanziario collegato alle azioni / Indicate the associated financial instrument 12. Indicare lo strumento finanziario sottostante (azione) / Indicate the underlying financial instrument (share)