Green Bond Fact Sheet

A2A SpA

Date: 26/07/2019

Issue date: 02-07-2019 Maturity date: 02-07-2029 Tenor: 10Issuer NameA2A SpA

Amount Issued

USD453m

Country of riskItaly

CBI Database

Included

Issuer Type1

Non-financial
corporate

Bond Type

Senior unsecured

Green Bond Framework

Link to Framework

Second party opinion

Vigeo Eiris

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☒ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☒ Bioenergy☐ District heating☒ Electricity grid

☒ Energy storage☒ Energy performance☒ Infrastructure☐ Industry: components☒ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☒ Transport☒ Electric vehicles☒ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☒ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Water & wastewater☒ Water distribution☒ Water treatment☒ Wastewatertreatment☒ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Waste management☒ Recycling☒ Waste prevention☒ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☒ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

The issuer has committed to disclosing its use of proceeds and a select set of impact reporting
indicators to the market on an annual basis, at least until full allocation or in case of materialchanges. Detailed lists of reporting indicators for use of proceeds and metrics per sector forenvironmental impact measurement can be found in A2A’s Green Bond Framework.
A2A is one of the largest electricity generators in Italy with approximately 9 GW of installed
generation capacity. Hydropower represents approximately a quarter of installed capacity,while waste-to-energy plants account for approximately 0.4 GW (4%). A2A has also been
continuously strengthening its presence in the photovoltaic sector since 2017, until
reaching its existing generation capacity of approximately 100 MW.

Firsts, records andcertifications
Proceeds description

Net proceeds will finance and/or re-finance eligible green projects related to:••••

Circular economy (in the context of pollution prevention and control andsustainable water management)
Energy efficiency through operations decarbonization, smart networks andservices, network upgrades and energy storage systems
Renewable energy development, andSustainable mobility and transportation

Details of the categories are available in the Framework.
Projects, assets, expenditures and investments (included unallocated proceeds) related tofossil or nuclear energy generation will be excluded.

Climate Bonds view

A2A is the third Italian utility company to enter the market, bringing cumulative issuancevolume from the sector to USD2.3bn. We commend the company and hope others in theregion will follow suit.

Underwriters
Deal comments
Credit Rating

Moody’s: Baa2, S&P: BBB

Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign