Free Market Performance and Investment Plans

In 2014, we announced a matrix organisation focused enel on increasing accountability and profitability... 2014 main developments New Group organization established Enel 1 2 3 4 Regions Global Business Lines Global Generation Global Infrastructures Renewable Energles & Networks Italy ■ Customers • Local stakeholders Iberia Regulation ■ Revenues Latam ■ Cash flow ■ EBITDA East Europe Enel Group Investor Relations Global Trading Upstream Gas ■ Best practices implementation ■ Efficiencies in capex & opex ■ Capital allocation ■ EBITDA 33

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