Italgas – implementation of the co-investment plan

Milan, 13 June 2018 – The Board of Directors of Italgas S.p.A. met yesterday under the chairmanship of Lorenzo Bini Smaghi, after having consulted with the Appointments and Compensation Committee and the Board of Statutory Auditors. During the meeting the Board of Directors identified the beneficiaries of the 2018- 2021 co-investment plan, which were established by resolution at the shareholders’ meeting on 19 April 2018, and attributed to them their rights for the financial year 2018 by the regulations of the Plan. The terms and conditions of the co-investment plan, as well as the characteristics of the rights attributed, are described in the information notice, made available to the public at the company's registered offices, on the website (www.italgas.it) and on the authorised storage mechanism at the “eMarket STORAGE” authorised storage mechanism managed by Spafid Connect S.p.A. (www.emarketstorage.com) on 20 March 2018. Information on the beneficiaries and the number of rights respectively attributed is provided in the annexed table, drawn up in compliance with Table 1, Sheet no. 7 of Annex 3A of the Issuers' Regulations.

Name and surname or category	Role (only indicate for named persons)	FRAMEWORK 1
		Financial Instruments other than stock options
		Section 2 Newly allocated instruments based on the BoD's decision to implement the resolution of the shareholders’ meeting
		Date of the related shareholders’ meeting resolution	Type of financial instruments (12)	Number of financial instruments assigned	Date of allocation (10)	Possible purchase price of the instruments	Market price at allocation	Vesting period (14)
Paolo Gallo	Chief Executive Officer and General Manager	19/04/2018	Entitlement to free Italgas shares	69.770	BoD 12 June 2018	n/a	4,7280	Three-year
Executives with Strategic Responsibilities		19/04/2018	Entitlement to free Italgas shares	104.340	BoD 12 June 2018	n/a	4,7280	Three-year