Free Market Performance and Investment Plans

A balanced asset rotation to re-position the Group enel Sources and uses of funds balance 2022-30 (€bn) NORTH & SOUTH AMERICA Sources of funds Uses of funds EUROPE & NORTH AFRICA ASIA PACIFIC Establish an integrated position and fuel organic growth Exit non core geographies to unlock resources Fulfill growth potential in domestic markets Opportunistic & accretive M & A Implement stewardship to open new markets Improve risk-return profile 37 1 2 3 4

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