Roma, 5 February 2010 – Today’s meeting of Acea SpA’s Board of Directors, chaired by Giancarlo Cremonesi, has approved a bond issue with a value of 20 billion yen to be converted simultaneously into the corresponding amount in euros (approximately 150 million euros). The issue, which will have a term to maturity of fifteen years, is to be placed entirely with a private investor. 

The issue aims to improve the Acea Group’s mix of short- and medium/long-term debt. The Company will make a further announcement regarding issuance of the bonds in due course.The Board also voted to propose that shareholders approve a change to the procedure for electing Directors (with reference to lists other than those put forward by the “Majority”), in order to fall into line with best practice for listed companies.

The Board’s report on the amendments to the articles of association, prepared pursuant to art. 72 of the Regulations for Issuers, will be made available for inspection by the public within the legally established term of at least 15 days prior to the date of the general meeting.