Free Market Performance and Investment Plans

Stewardship capex deployed mainly in 'non Tier 1' countries... enel Total investments 2021-30 ~50 €bn enel 1. Excluding Open Fiber ~10 Third parties 1 2 3 4 Equity contribution by GBL Value Creation KPIs ရာ 2021-30 ~10 €bn Cumulated EBITDA 2021-301 ~4 €bn JV Equity return -20% 33 21 21

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