Acquisition of other portions of the National Transmission Grid

On 24 November 2006, through its subsidiary RTL, Terna concluded the acquisition of 100% of Edison Rete SpA and 99.99% of AEM Trasmissione SpA, once it had received authorization from the Anti-Trust Authority, in accordance with the agreements signed on 16 October 2006 with Edison SpA and AEM SpA, respectively. With this acquisition, Terna has achieved a significant objective in its strategy to unify the National Transmission Grid, in accordance with the provisions of Law no. 290/2003 on the restructuring of the energy sector, as well as with the Prime Minister’s Decree of 11 May 2004.
On the same day, the shareholders of Edison Rete SpA and AEM Trasmissione SpA met and appointed the new company officers, moved the offices and changed the company name. Edison Rete became Rete Trasmissione Milano 1 Società per azioni ("RTM1 SpA") and AEM Trasmissione became Rete Trasmissione Milano 2 Società per azioni ("RTM 2 SpA").
The consideration paid to acquire RTM1 and RTM2 amounted to euros 311 million and euros 123 million, respectively.