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Electrification CLEAN ENERGY Retail Performance propelled by free market EBITDA evolution (Єmn) enel Energy sold¹ (TWh) +7% 3,079 3,287 Higher margins in Iberia and Latin America 327 599 546 2,53 3 2,68 8 FY 2018 FY 2019 Ebitda/Cust. (€/cl)² 118 1. Includes energy losses; 2. Free market power and gas c.9% cost to serve reduction mainly in Italy Regulated market performance supported by Enel Dx Sao Paulo +3% 336 163 172 164 164 FY 2018 FY 2019 Free markets ■Regulated markets 22 92

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