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Fitch Rating “Investment Grade” BBB with stable outlook

In 2018, the focus on financial sustainability – which has always distinguished Iren Group – was attested to by the Fitch agency confirming a BBB rating, with a stable outlook, for Iren and its senior unsecured emissions. The decision was mainly based on the updated Business Plan to 2023 which, as with previous years, confirms the prevalence of regulated and quasi regulated activities making up approximately 70% of the gross operating profit and on the positive track record of the results achieved in 2015-2018. In coming to this decision, Fitch positively assessed the historic financial discipline of management directed towards achieving set targets.

Shareholding structure of Iren SpA (% of total share capital)